Meijer 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 D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
1st53.3% deniedPricingmedian rate spread over APOR, weight 30%
5th1.43 ptsProcesswithdrawn + incomplete share, weight 15%
95th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
95th0.48% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 144 | 98 | 26.4% | 27.5% | 7.24% | $10M |
| 2024 | 148 | 81 | 41.2% | 43.0% | 7.50% | $12M |
| 2025 | 150 | 70 | 53.3% | 53.3% | 7.44% | $12M |
What Meijer 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: 0 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 2 investment properties.
Why Meijer Credit Union denies applications
Primary reason reported for each of the 80 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Meijer 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 | 34 | 6 | 82.4% |
| $50k – $100k | 66 | 27 | 59.1% |
| $100k – $150k | 28 | 19 | 32.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 34 | 8 | 76.5% |
| 35–44 | 33 | 17 | 48.5% |
| 45–54 | 30 | 16 | 46.7% |
| 55–64 | 36 | 23 | 36.1% |
Where Meijer Credit Union lends
7 states and 36 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Michigan | 85 | 67 | 21.2% | 7.38% | #288 |
Frequently asked questions
Meijer Credit Union denied 53.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of small mortgage lenders.
The most common reason Meijer Credit Union gave in 2025 was "credit history", cited on 47.5% 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 Meijer Credit Union originated in 2025 was 7.44%, and its median rate spread over the average prime offer rate was 1.43 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 50% of its applications were for home purchases, 10% for refinancing (including cash-out), and 40% 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.