Kalsee 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 A grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
98th5.0% deniedPricingmedian rate spread over APOR, weight 30%
39th0.28 ptsProcesswithdrawn + incomplete share, weight 15%
82nd6.7%Closing coststotal loan costs ÷ loan amount, weight 10%
10th5.41% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 161 | 135 | 8.7% | 9.3% | 7.50% | $7.8M |
| 2024 | 185 | 156 | 9.2% | 9.7% | 7.74% | $12M |
| 2025 | 299 | 260 | 4.7% | 5.0% | 6.63% | $25M |
What Kalsee 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: 152 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 4 investment properties.
Why Kalsee Credit Union denies applications
Primary reason reported for each of the 14 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Kalsee 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 | 62 | 48 | 10.9% |
| $50k – $100k | 123 | 104 | 5.4% |
| $100k – $150k | 69 | 69 | 0.0% |
| $150k – $250k | 33 | 31 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 38 | 27 | 12.5% |
| 35–44 | 56 | 47 | 3.8% |
| 45–54 | 63 | 58 | 1.7% |
| 55–64 | 65 | 60 | 6.3% |
| 65–74 | 52 | 47 | 4.1% |
| Over 74 | 23 | 19 | 5.0% |
Where Kalsee Credit Union lends
2 states and 13 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Michigan | 283 | 258 | 3.2% | 6.63% | #177 |
Frequently asked questions
Kalsee Credit Union denied 5.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 98th percentile of home-equity (HELOC) lenders.
The most common reason Kalsee Credit Union gave in 2025 was "credit history", cited on 35.7% 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 Kalsee Credit Union originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.28 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 20% of its applications were for home purchases, 14% for refinancing (including cash-out), and 66% for home improvement or other purposes. By loan type: 99% 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.