Municipal 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
4th40.3% deniedPricingmedian rate spread over APOR, weight 30%
96th-0.32 ptsProcesswithdrawn + incomplete share, weight 15%
7th31.5%Closing coststotal loan costs ÷ loan amount, weight 10%
17th3.30% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,796 | 915 | 39.5% | 52.3% | 6.63% | $180M |
| 2024 | 2,957 | 998 | 36.2% | 48.9% | 6.88% | $247M |
| 2025 | 3,157 | 1,203 | 27.6% | 40.3% | 6.50% | $414M |
What Municipal 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: 1,381 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 7 investment properties.
Why Municipal Credit Union denies applications
Primary reason reported for each of the 871 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Municipal 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 | 90 | 2 | 95.1% |
| $50k – $100k | 659 | 141 | 62.4% |
| $100k – $150k | 1,007 | 357 | 43.0% |
| $150k – $250k | 920 | 413 | 31.8% |
| Over $250k | 471 | 290 | 15.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 291 | 136 | 29.5% |
| 35–44 | 956 | 423 | 35.2% |
| 45–54 | 918 | 314 | 46.6% |
| 55–64 | 632 | 222 | 42.9% |
| 65–74 | 279 | 81 | 41.3% |
| Over 74 | 69 | 23 | 48.9% |
Where Municipal Credit Union lends
8 states and 76 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 2,484 | 867 | 28.3% | 6.88% | #35 |
| New Jersey | 504 | 281 | 20.2% | 5.99% | #116 |
| Connecticut | 89 | 33 | 31.5% | 6.25% | #174 |
| Pennsylvania | 75 | 22 | 44.0% | 6.63% | #422 |
Frequently asked questions
Municipal Credit Union denied 40.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 4th percentile of mid-size mortgage lenders.
The most common reason Municipal Credit Union gave in 2025 was "debt-to-income ratio", cited on 37.7% 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 Municipal Credit Union originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.32 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 20% of its applications were for home purchases, 9% 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.