L & N 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 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%
95th8.7% deniedPricingmedian rate spread over APOR, weight 30%
45th0.24 ptsProcesswithdrawn + incomplete share, weight 15%
46th13.2%Closing coststotal loan costs ÷ loan amount, weight 10%
74th2.23% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,702 | 1,306 | 5.4% | 6.5% | 8.25% | $177M |
| 2024 | 1,703 | 1,294 | 7.9% | 8.9% | 8.00% | $169M |
| 2025 | 2,146 | 1,668 | 7.6% | 8.7% | 7.00% | $264M |
What L & N 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: 1,210 home-equity lines, 0 reverse mortgages, 34 manufactured homes, 29 investment properties.
Why L & N Federal Credit Union denies applications
Primary reason reported for each of the 162 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at L & N 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 | 332 | 223 | 17.6% |
| $50k – $100k | 862 | 659 | 8.1% |
| $100k – $150k | 506 | 406 | 8.2% |
| $150k – $250k | 316 | 273 | 4.8% |
| Over $250k | 106 | 89 | 2.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 74 | 55 | 1.8% |
| 25–34 | 297 | 226 | 4.9% |
| 35–44 | 418 | 312 | 10.3% |
| 45–54 | 471 | 369 | 10.9% |
| 55–64 | 485 | 386 | 8.8% |
| 65–74 | 263 | 206 | 8.9% |
| Over 74 | 120 | 96 | 7.6% |
Where L & N Federal Credit Union lends
7 states and 79 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
L & N Federal Credit Union denied 8.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 95th percentile of home-equity (HELOC) lenders.
The most common reason L & N Federal Credit Union gave in 2025 was "credit history", cited on 55.6% 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 L & N Federal Credit Union originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.24 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 27% of its applications were for home purchases, 32% for refinancing (including cash-out), and 41% 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.