Merck Sharp & Dohme 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 A 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%
93rd9.8% deniedPricingmedian rate spread over APOR, weight 30%
78th-0.45 ptsProcesswithdrawn + incomplete share, weight 15%
29th16.6%Closing coststotal loan costs ÷ loan amount, weight 10%
100th0.07% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 690 | 519 | 5.2% | 6.4% | 6.49% | $65M |
| 2024 | 695 | 541 | 6.5% | 7.6% | 6.49% | $80M |
| 2025 | 760 | 570 | 8.2% | 9.8% | 6.50% | $92M |
What Merck Sharp & Dohme 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: 403 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 21 investment properties.
Why Merck Sharp & Dohme Federal Credit Union denies applications
Primary reason reported for each of the 62 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Merck Sharp & Dohme Federal 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 | 31 | 13 | 45.8% |
| $50k – $100k | 111 | 71 | 12.2% |
| $100k – $150k | 168 | 142 | 8.9% |
| $150k – $250k | 259 | 196 | 7.6% |
| Over $250k | 154 | 127 | 5.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 59 | 42 | 8.5% |
| 35–44 | 148 | 109 | 12.1% |
| 45–54 | 225 | 182 | 4.2% |
| 55–64 | 198 | 141 | 13.5% |
| 65–74 | 82 | 61 | 10.1% |
| Over 74 | 31 | 20 | 20.0% |
Where Merck Sharp & Dohme Federal Credit Union lends
10 states and 33 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 679 | 535 | 8.0% | 6.50% | #129 |
| New Jersey | 50 | 29 | 10.0% | 6.50% | #354 |
Frequently asked questions
Merck Sharp & Dohme Federal Credit Union denied 9.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 93rd percentile of home-equity (HELOC) lenders.
The most common reason Merck Sharp & Dohme Federal Credit Union gave in 2025 was "other", cited on 48.4% 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 Merck Sharp & Dohme Federal Credit Union originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.45 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 5% of its applications were for home purchases, 24% for refinancing (including cash-out), and 71% 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.