Heartland Credit Union in Minnesota vs the state
10.5%Denial rate-3.14 pts vs state
12.9%Decision denial rate-3.45 pts vs state
68.6%Origination rate+2.26 pts vs state
7.39%Median rate+0.76 pts vs state
6.59Rate spread (pts)+6.34 pts vs state
$129kMedian applicant income
105Loans originated
16Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 162 | 116 | 9.3% | 6.99% | #135 |
| 2024 | 137 | 97 | 11.0% | 7.69% | #161 |
| 2025 | 153 | 105 | 10.5% | 7.39% | #159 |
What Heartland Credit Union lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Heartland Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Dakota County | 42 | 26 | 7 | 16.7% |
| Le Sueur County | 24 | 15 | 3 | 12.5% |
| Washington County | 16 | 13 | 1 | 6.3% |
| Scott County | 15 | 11 | 0 | 0.0% |
| Ramsey County | 15 | 7 | 2 | 13.3% |
| Hennepin County | 14 | 11 | 2 | 14.3% |
| Anoka County | 12 | 8 | 1 | 8.3% |
| Olmsted County | 2 | 1 | 0 | 0.0% |
| Wright County | 2 | 2 | 0 | 0.0% |
| Rice County | 2 | 2 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 153 applications in 2025, of which 105 were originated and 16 denied.
10.5% of all applications, or 12.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Heartland Credit Union originated in Minnesota in 2025 was 7.39%, against a statewide median of 6.63%.
About this data. Figures are Heartland Credit Union's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology