Lake Michigan Credit Union in Michigan vs the state
5.6%Denial rate-12.88 pts vs state
6.6%Decision denial rate-15.97 pts vs state
77.2%Origination rate+17.32 pts vs state
6.75%Median rate0.00 pts vs state
0.01Rate spread (pts)-0.39 pts vs state
$116kMedian applicant income
12,864Loans originated
939Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 13,238 | 9,894 | 8.4% | 7.24% | #4 |
| 2024 | 14,297 | 10,918 | 7.9% | 6.88% | #4 |
| 2025 | 16,662 | 12,864 | 5.6% | 6.75% | #4 |
What Lake Michigan Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Lake Michigan Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 5,447 | 4,249 | 284 | 5.2% |
| Ottawa County | 2,508 | 1,951 | 147 | 5.9% |
| Oakland County | 1,317 | 1,031 | 64 | 4.9% |
| Muskegon County | 1,034 | 788 | 71 | 6.9% |
| Kalamazoo County | 785 | 614 | 37 | 4.7% |
| Allegan County | 647 | 489 | 46 | 7.1% |
| Wayne County | 608 | 451 | 35 | 5.8% |
| Washtenaw County | 424 | 327 | 17 | 4.0% |
| Macomb County | 338 | 259 | 23 | 6.8% |
| Grand Traverse County | 315 | 242 | 20 | 6.3% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
| Newrez | D | 4,958 | 18.5% | 6.75% |
Frequently asked questions
Michigan: 16,662 applications in 2025, of which 12,864 were originated and 939 denied.
5.6% of all applications, or 6.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Lake Michigan Credit Union originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Lake Michigan Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology