Heritage Federal Credit Union in Indiana vs the state
18.8%Denial rate+2.22 pts vs state
21.0%Decision denial rate+0.90 pts vs state
68.0%Origination rate+5.70 pts vs state
7.13%Median rate+0.38 pts vs state
1.18Rate spread (pts)+0.82 pts vs state
$79kMedian applicant income
528Loans originated
146Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 687 | 504 | 14.9% | 7.75% | #82 |
| 2024 | 825 | 580 | 16.6% | 7.38% | #78 |
| 2025 | 777 | 528 | 18.8% | 7.13% | #82 |
What Heritage Federal Credit Union lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Heritage Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Vanderburgh County | 365 | 241 | 80 | 21.9% |
| Warrick County | 267 | 188 | 44 | 16.5% |
| Posey County | 65 | 50 | 8 | 12.3% |
| Gibson County | 36 | 22 | 5 | 13.9% |
| Spencer County | 27 | 18 | 6 | 22.2% |
| Pike County | 6 | 2 | 1 | 16.7% |
| Clark County | 3 | 3 | 0 | 0.0% |
| Dubois County | 2 | 0 | 2 | 100.0% |
| Hamilton County | 2 | 2 | 0 | 0.0% |
| Crawford County | 1 | 0 | 0 | 0.0% |
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 777 applications in 2025, of which 528 were originated and 146 denied.
18.8% of all applications, or 21.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Heritage Federal Credit Union originated in Indiana in 2025 was 7.13%, against a statewide median of 6.75%.
About this data. Figures are Heritage Federal Credit Union's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology