LOC Credit Union in Michigan vs the state
29.4%Denial rate+10.83 pts vs state
32.9%Decision denial rate+10.34 pts vs state
59.7%Origination rate-0.21 pts vs state
4.99%Median rate-1.76 pts vs state
-2.08Rate spread (pts)-2.48 pts vs state
$110kMedian applicant income
490Loans originated
241Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 802 | 509 | 9.0% | 6.34% | #83 |
| 2024 | 805 | 510 | 13.0% | 6.25% | #84 |
| 2025 | 821 | 490 | 29.4% | 4.99% | #90 |
What LOC Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most LOC Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Livingston County | 311 | 218 | 64 | 20.6% |
| Oakland County | 209 | 118 | 63 | 30.1% |
| Wayne County | 187 | 94 | 77 | 41.2% |
| Macomb County | 25 | 10 | 13 | 52.0% |
| Washtenaw County | 13 | 11 | 1 | 7.7% |
| Genesee County | 12 | 6 | 4 | 33.3% |
| Monroe County | 7 | 4 | 3 | 42.9% |
| Shiawassee County | 5 | 3 | 2 | 40.0% |
| Lenawee County | 5 | 2 | 2 | 40.0% |
| Ingham County | 5 | 3 | 2 | 40.0% |
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% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| 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% |
Frequently asked questions
Michigan: 821 applications in 2025, of which 490 were originated and 241 denied.
29.4% of all applications, or 32.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans LOC Credit Union originated in Michigan in 2025 was 4.99%, against a statewide median of 6.75%.
About this data. Figures are LOC 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