Greater Alliance Federal 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 D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
5th35.8% deniedPricingmedian rate spread over APOR, weight 30%
40th0.35 ptsProcesswithdrawn + incomplete share, weight 15%
6th28.8%Closing coststotal loan costs ÷ loan amount, weight 10%
10th3.89% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 349 | 133 | 30.4% | 44.2% | 6.38% | $22M |
| 2024 | 317 | 140 | 23.0% | 34.3% | 6.99% | $18M |
| 2025 | 267 | 121 | 25.5% | 35.8% | 6.99% | $24M |
What Greater Alliance Federal 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: 78 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 4 investment properties.
Why Greater Alliance Federal Credit Union denies applications
Primary reason reported for each of the 68 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Greater Alliance Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 72 | 25 | 50.0% |
| $100k – $150k | 70 | 29 | 39.6% |
| $150k – $250k | 73 | 43 | 24.1% |
| Over $250k | 36 | 19 | 20.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 51 | 22 | 31.3% |
| 45–54 | 80 | 35 | 44.4% |
| 55–64 | 79 | 31 | 38.5% |
| 65–74 | 34 | 22 | 21.4% |
Where Greater Alliance Federal Credit Union lends
6 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 256 | 116 | 24.6% | 6.99% | #175 |
| New York | 5 | 2 | 40.0% | 6.31% | #525 |
Frequently asked questions
Greater Alliance Federal Credit Union denied 35.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 5th percentile of small mortgage lenders.
The most common reason Greater Alliance Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 69.1% 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 Greater Alliance Federal Credit Union originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 0.35 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 8% of its applications were for home purchases, 38% for refinancing (including cash-out), and 54% 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.