Michigan United 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 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%
83rd14.1% deniedProcesswithdrawn + incomplete share, weight 15%
16th19.8%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 171 | 120 | 18.7% | 20.3% | 6.49% | $9.1M |
| 2024 | 167 | 115 | 7.2% | 9.0% | 6.62% | $8.8M |
| 2025 | 328 | 215 | 11.3% | 14.1% | 4.74% | $18M |
What Michigan United 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: 185 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 0 investment properties.
Why Michigan United Credit Union denies applications
Primary reason reported for each of the 37 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Michigan United 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 | 38 | 16 | 46.9% |
| $50k – $100k | 97 | 61 | 16.5% |
| $100k – $150k | 91 | 69 | 5.3% |
| $150k – $250k | 67 | 49 | 5.7% |
| Over $250k | 32 | 20 | 4.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 27 | 16 | 25.0% |
| 35–44 | 70 | 47 | 3.9% |
| 45–54 | 89 | 64 | 13.2% |
| 55–64 | 68 | 46 | 12.7% |
| 65–74 | 40 | 27 | 15.2% |
| Over 74 | 32 | 15 | 27.3% |
Where Michigan United Credit Union lends
1 states and 29 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Michigan | 328 | 215 | 11.3% | 4.74% | #165 |
Frequently asked questions
Michigan United Credit Union denied 14.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 83rd percentile of home-equity (HELOC) lenders.
The most common reason Michigan United Credit Union gave in 2025 was "debt-to-income ratio", cited on 64.9% 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 Michigan United Credit Union originated in 2025 was 4.74%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 4% of its applications were for home purchases, 59% for refinancing (including cash-out), and 37% 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.