Industrial 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 C 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%
40th12.3% deniedProcesswithdrawn + incomplete share, weight 15%
65th8.4%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 337 | 189 | 23.4% | 29.3% | 7.63% | $9.4M |
| 2024 | 285 | 179 | 19.7% | 23.6% | 7.81% | $11M |
| 2025 | 347 | 277 | 11.2% | 12.3% | 8.00% | $23M |
What Industrial 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: 0 home-equity lines, 0 reverse mortgages, 30 manufactured homes, 1 investment properties.
Who gets approved at Industrial Federal 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 | 97 | 67 | 19.8% |
| $50k – $100k | 160 | 132 | 11.4% |
| $100k – $150k | 67 | 60 | 4.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 36 | 25 | 24.2% |
| 35–44 | 70 | 56 | 13.6% |
| 45–54 | 66 | 53 | 13.1% |
| 55–64 | 82 | 72 | 7.7% |
| 65–74 | 64 | 49 | 9.1% |
Where Industrial Federal Credit Union lends
3 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Indiana | 328 | 265 | 10.7% | 8.00% | #152 |
Frequently asked questions
Industrial Federal Credit Union denied 12.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 40th percentile of small mortgage lenders.
The median interest rate on loans Industrial Federal Credit Union originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 1.55 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 15% of its applications were for home purchases, 19% for refinancing (including cash-out), and 66% 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.