Industrial Federal Credit Union in Indiana vs the state
10.7%Denial rate-5.90 pts vs state
11.6%Decision denial rate-8.55 pts vs state
80.8%Origination rate+18.54 pts vs state
8.00%Median rate+1.25 pts vs state
1.55Rate spread (pts)+1.18 pts vs state
$71kMedian applicant income
265Loans originated
35Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 333 | 189 | 22.8% | 7.63% | #133 |
| 2024 | 276 | 176 | 18.5% | 7.81% | #153 |
| 2025 | 328 | 265 | 10.7% | 8.00% | #152 |
What Industrial Federal Credit Union lends in Indiana
By loan purpose
By loan type
Where in Indiana
Counties with the most Industrial Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Tippecanoe County | 139 | 111 | 13 | 9.4% |
| White County | 36 | 31 | 3 | 8.3% |
| Carroll County | 36 | 22 | 8 | 22.2% |
| Clinton County | 34 | 24 | 7 | 20.6% |
| Montgomery County | 20 | 19 | 0 | 0.0% |
| Fountain County | 17 | 16 | 1 | 5.9% |
| Benton County | 11 | 10 | 0 | 0.0% |
| Cass County | 9 | 9 | 0 | 0.0% |
| Warren County | 7 | 6 | 1 | 14.3% |
| Vermillion County | 4 | 4 | 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: 328 applications in 2025, of which 265 were originated and 35 denied.
10.7% of all applications, or 11.6% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Industrial Federal Credit Union originated in Indiana in 2025 was 8.00%, against a statewide median of 6.75%.
About this data. Figures are Industrial 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