MAX 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 C 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%
44th27.0% deniedPricingmedian rate spread over APOR, weight 30%
48th0.18 ptsProcesswithdrawn + incomplete share, weight 15%
19th18.7%Closing coststotal loan costs ÷ loan amount, weight 10%
2nd8.26% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 230 | 169 | 14.8% | 16.8% | 6.75% | $43M |
| 2024 | 1,072 | 763 | 26.7% | 27.2% | 4.50% | $90M |
| 2025 | 1,197 | 708 | 22.0% | 27.0% | 4.50% | $85M |
What MAX 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: 1,003 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 51 investment properties.
Why MAX Credit Union denies applications
Primary reason reported for each of the 263 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at MAX 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 | 232 | 96 | 47.0% |
| $50k – $100k | 415 | 242 | 28.0% |
| $100k – $150k | 287 | 198 | 16.8% |
| $150k – $250k | 171 | 111 | 22.9% |
| Over $250k | 71 | 42 | 17.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 108 | 58 | 26.6% |
| 35–44 | 177 | 103 | 27.0% |
| 45–54 | 263 | 160 | 27.9% |
| 55–64 | 271 | 172 | 27.1% |
| 65–74 | 250 | 142 | 25.5% |
| Over 74 | 101 | 53 | 31.7% |
Where MAX Credit Union lends
13 states and 58 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Alabama | 1,179 | 703 | 22.1% | 4.50% | #44 |
Frequently asked questions
MAX Credit Union denied 27.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 44th percentile of home-equity (HELOC) lenders.
The most common reason MAX Credit Union gave in 2025 was "debt-to-income ratio", cited on 49.0% 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 MAX Credit Union originated in 2025 was 4.50%, and its median rate spread over the average prime offer rate was 0.18 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 13% of its applications were for home purchases, 49% for refinancing (including cash-out), and 38% 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.