General Electric Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
85th13.4% deniedPricingmedian rate spread over APOR, weight 30%
87th-1.19 ptsProcesswithdrawn + incomplete share, weight 15%
16th19.7%Closing coststotal loan costs ÷ loan amount, weight 10%
69th2.42% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,260 | 1,590 | 7.1% | 8.9% | 5.63% | $446M |
| 2024 | 1,781 | 1,211 | 7.4% | 9.3% | 5.99% | $220M |
| 2025 | 1,511 | 1,006 | 10.7% | 13.4% | 5.99% | $158M |
What General Electric Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1,021 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 23 investment properties.
Why General Electric Credit Union denies applications
Primary reason reported for each of the 162 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at General Electric Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 134 | 54 | 41.6% |
| $50k – $100k | 445 | 262 | 18.5% |
| $100k – $150k | 393 | 299 | 6.3% |
| $150k – $250k | 378 | 271 | 9.9% |
| Over $250k | 147 | 112 | 2.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 23 | 12 | 7.7% |
| 25–34 | 179 | 118 | 14.1% |
| 35–44 | 337 | 221 | 14.8% |
| 45–54 | 384 | 273 | 11.8% |
| 55–64 | 316 | 207 | 14.8% |
| 65–74 | 206 | 138 | 11.7% |
| Over 74 | 60 | 32 | 15.0% |
Where General Electric Credit Union lends
7 states and 60 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
General Electric Credit Union denied 13.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 85th percentile of home-equity (HELOC) lenders.
The most common reason General Electric Credit Union gave in 2025 was "debt-to-income ratio", cited on 41.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans General Electric Credit Union originated in 2025 was 5.99%, and its median rate spread over the average prime offer rate was -1.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 17% of its applications were for home purchases, 17% for refinancing (including cash-out), and 67% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.