Independent Federal Credit Union in Indiana vs the state
15.0%Denial rate-1.57 pts vs state
15.4%Decision denial rate-4.76 pts vs state
73.8%Origination rate+11.50 pts vs state
7.50%Median rate+0.75 pts vs state
0.22Rate spread (pts)-0.15 pts vs state
$70kMedian applicant income
59Loans originated
12Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 83 | 61 | 10.8% | 8.00% | #273 |
| 2024 | 28 | 16 | 21.4% | 7.25% | #413 |
| 2025 | 80 | 59 | 15.0% | 7.50% | #300 |
What Independent Federal Credit Union lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Independent Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 72 | 53 | 11 | 15.3% |
| Delaware County | 3 | 2 | 0 | 0.0% |
| Henry County | 2 | 1 | 1 | 50.0% |
| Hamilton County | 1 | 1 | 0 | 0.0% |
| Randolph County | 1 | 1 | 0 | 0.0% |
| Blackford County | 1 | 1 | 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: 80 applications in 2025, of which 59 were originated and 12 denied.
15.0% of all applications, or 15.4% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Independent Federal Credit Union originated in Indiana in 2025 was 7.50%, against a statewide median of 6.75%.
About this data. Figures are Independent 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