MEMBERS FIRST 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%
8th29.2% deniedPricingmedian rate spread over APOR, weight 30%
58th0.21 ptsProcesswithdrawn + incomplete share, weight 15%
23rd18.5%Closing coststotal loan costs ÷ loan amount, weight 10%
51st1.89% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 410 | 176 | 39.3% | 47.6% | 8.75% | $12M |
| 2024 | 422 | 241 | 23.5% | 28.6% | 8.50% | $20M |
| 2025 | 374 | 216 | 23.8% | 29.2% | 6.63% | $30M |
What MEMBERS FIRST 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, 41 manufactured homes, 3 investment properties.
Why MEMBERS FIRST Credit Union denies applications
Primary reason reported for each of the 89 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at MEMBERS FIRST 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 | 120 | 57 | 39.4% |
| $50k – $100k | 172 | 114 | 23.0% |
| $100k – $150k | 52 | 30 | 28.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 28 | 25 | 3.9% |
| 25–34 | 60 | 38 | 24.0% |
| 35–44 | 72 | 37 | 39.3% |
| 45–54 | 87 | 46 | 30.3% |
| 55–64 | 65 | 38 | 32.1% |
| 65–74 | 43 | 21 | 27.6% |
Where MEMBERS FIRST Credit Union lends
1 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Michigan | 374 | 216 | 23.8% | 6.63% | #150 |
Frequently asked questions
MEMBERS FIRST Credit Union denied 29.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 8th percentile of small mortgage lenders.
The most common reason MEMBERS FIRST Credit Union gave in 2025 was "credit history", cited on 40.4% 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 MEMBERS FIRST Credit Union originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.21 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 46% of its applications were for home purchases, 30% for refinancing (including cash-out), and 23% 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.