Michigan First Credit Union in Michigan vs the state
38.7%Denial rate+20.13 pts vs state
42.2%Decision denial rate+19.64 pts vs state
51.9%Origination rate-7.96 pts vs state
6.88%Median rate+0.13 pts vs state
0.81Rate spread (pts)+0.41 pts vs state
$80kMedian applicant income
1,290Loans originated
960Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,601 | 1,343 | 27.3% | 8.75% | #29 |
| 2024 | 2,562 | 1,335 | 32.0% | 7.50% | #30 |
| 2025 | 2,484 | 1,290 | 38.7% | 6.88% | #41 |
What Michigan First Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Michigan First Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 1,131 | 472 | 552 | 48.8% |
| Oakland County | 486 | 277 | 157 | 32.3% |
| Macomb County | 311 | 164 | 131 | 42.1% |
| Kent County | 163 | 108 | 41 | 25.2% |
| Livingston County | 42 | 31 | 3 | 7.1% |
| Washtenaw County | 35 | 21 | 12 | 34.3% |
| Ottawa County | 33 | 28 | 4 | 12.1% |
| Genesee County | 26 | 19 | 6 | 23.1% |
| Monroe County | 22 | 16 | 5 | 22.7% |
| Muskegon County | 19 | 14 | 3 | 15.8% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 2,484 applications in 2025, of which 1,290 were originated and 960 denied.
38.7% of all applications, or 42.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Michigan First Credit Union originated in Michigan in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are Michigan First Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology