Indiana Members 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 B grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
38th14.1% deniedPricingmedian rate spread over APOR, weight 30%
88th-0.10 ptsProcesswithdrawn + incomplete share, weight 15%
56th15.5%Closing coststotal loan costs ÷ loan amount, weight 10%
23rd3.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,835 | 1,739 | 15.5% | 18.7% | 5.50% | $207M |
| 2024 | 3,694 | 2,292 | 14.8% | 18.3% | 3.90% | $297M |
| 2025 | 3,612 | 2,406 | 11.9% | 14.1% | 6.25% | $365M |
What Indiana Members 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: 1,496 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 64 investment properties.
Why Indiana Members Credit Union denies applications
Primary reason reported for each of the 431 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Indiana Members 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 | 481 | 215 | 34.6% |
| $50k – $100k | 1,258 | 799 | 17.1% |
| $100k – $150k | 823 | 591 | 9.5% |
| $150k – $250k | 698 | 553 | 5.5% |
| Over $250k | 301 | 233 | 4.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 72 | 36 | 11.5% |
| 25–34 | 528 | 351 | 13.1% |
| 35–44 | 933 | 609 | 16.3% |
| 45–54 | 871 | 579 | 15.2% |
| 55–64 | 622 | 443 | 12.6% |
| 65–74 | 405 | 270 | 12.4% |
| Over 74 | 167 | 104 | 11.2% |
Where Indiana Members Credit Union lends
11 states and 83 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Indiana Members Credit Union denied 14.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 38th percentile of mid-size mortgage lenders.
The most common reason Indiana Members Credit Union gave in 2025 was "debt-to-income ratio", cited on 54.3% 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 Indiana Members Credit Union originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was -0.10 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 18% of its applications were for home purchases, 48% for refinancing (including cash-out), and 34% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.