Merced School Employees Federal 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 B 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%
53rd8.9% deniedProcesswithdrawn + incomplete share, weight 15%
70th7.5%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 150 | 131 | 7.3% | 7.7% | — | $20M |
| 2024 | 158 | 132 | 10.8% | 11.1% | — | $15M |
| 2025 | 146 | 119 | 8.2% | 8.9% | — | $19M |
What Merced School Employees Federal 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, 1 manufactured homes, 6 investment properties.
Why Merced School Employees Federal Credit Union denies applications
Primary reason reported for each of the 12 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Merced School Employees Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 54 | 40 | 12.2% |
| $100k – $150k | 48 | 44 | 2.2% |
| $150k – $250k | 20 | 16 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 34 | 29 | 6.1% |
| 45–54 | 36 | 28 | 3.2% |
| 55–64 | 31 | 25 | 13.8% |
| 65–74 | 21 | 18 | 10.0% |
Where Merced School Employees Federal Credit Union lends
1 states and 1 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 146 | 119 | 8.2% | — | #396 |
Frequently asked questions
Merced School Employees Federal Credit Union denied 8.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 53rd percentile of small mortgage lenders.
The most common reason Merced School Employees Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 83.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 16% of its applications were for home purchases, 23% for refinancing (including cash-out), and 61% 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.