Mazuma 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%
41st27.9% deniedPricingmedian rate spread over APOR, weight 30%
51st0.12 ptsProcesswithdrawn + incomplete share, weight 15%
14th20.7%Closing coststotal loan costs ÷ loan amount, weight 10%
56th2.95% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 272 | 135 | 15.4% | 23.0% | 6.88% | $31M |
| 2024 | 348 | 167 | 9.2% | 15.8% | 6.63% | $41M |
| 2025 | 717 | 410 | 22.2% | 27.9% | 7.75% | $66M |
What Mazuma 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: 426 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 19 investment properties.
Why Mazuma Credit Union denies applications
Primary reason reported for each of the 159 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Mazuma 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 | 90 | 34 | 51.4% |
| $50k – $100k | 238 | 122 | 32.6% |
| $100k – $150k | 213 | 128 | 23.4% |
| $150k – $250k | 131 | 94 | 16.1% |
| Over $250k | 40 | 28 | 17.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 93 | 48 | 30.4% |
| 35–44 | 189 | 111 | 28.4% |
| 45–54 | 171 | 100 | 27.0% |
| 55–64 | 139 | 84 | 24.3% |
| 65–74 | 80 | 39 | 32.8% |
| Over 74 | 32 | 20 | 31.0% |
Where Mazuma Credit Union lends
8 states and 42 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Mazuma Credit Union denied 27.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 41st percentile of home-equity (HELOC) lenders.
The most common reason Mazuma Credit Union gave in 2025 was "debt-to-income ratio", cited on 40.3% 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 Mazuma Credit Union originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was 0.12 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 18% of its applications were for home purchases, 23% for refinancing (including cash-out), and 59% for home improvement or other purposes. By loan type: 98% conventional, 1% FHA, 1% 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.