Mayo Employees Federal Credit Union in Minnesota vs the state
16.4%Denial rate+2.82 pts vs state
19.1%Decision denial rate+2.70 pts vs state
69.8%Origination rate+3.42 pts vs state
6.59%Median rate-0.04 pts vs state
0.59Rate spread (pts)+0.34 pts vs state
$149kMedian applicant income
238Loans originated
56Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 514 | 364 | 15.4% | 6.39% | #66 |
| 2024 | 388 | 284 | 12.4% | 6.99% | #89 |
| 2025 | 341 | 238 | 16.4% | 6.59% | #103 |
What Mayo Employees Federal Credit Union lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Mayo Employees Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Olmsted County | 212 | 153 | 32 | 15.1% |
| Dodge County | 34 | 24 | 7 | 20.6% |
| Goodhue County | 15 | 10 | 1 | 6.7% |
| Wabasha County | 13 | 7 | 3 | 23.1% |
| Winona County | 11 | 7 | 3 | 27.3% |
| Fillmore County | 9 | 2 | 4 | 44.4% |
| Mower County | 7 | 5 | 1 | 14.3% |
| Dakota County | 6 | 3 | 3 | 50.0% |
| Hennepin County | 5 | 5 | 0 | 0.0% |
| Ramsey County | 4 | 3 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 341 applications in 2025, of which 238 were originated and 56 denied.
16.4% of all applications, or 19.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Mayo Employees Federal Credit Union originated in Minnesota in 2025 was 6.59%, against a statewide median of 6.63%.
About this data. Figures are Mayo Employees Federal Credit Union's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology