Mortgage lender · Baltimore, MD · LEI 549300X7J20OLLSGTZ36

Municipal Employees Credit Union of Baltimore review: approval odds, rates and grade (2025)

Municipal Employees Credit Union of Baltimore earns an F, in the bottom tier of small mortgage lenders. It turned down 41.3% of the applications it decided on in 2025, which ranks in the 3rd percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

401Applications2025
40.7%Originatedof applications
41.3%Decision denial ratenational 22.6%
Median ratenational 6.63%
$46MLoan volume5 states

Municipal Employees Credit Union of Baltimore at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

29.4%Denial rate (all applications)+11.45 pts vs national
41.3%Denial rate (decided applications)+18.67 pts vs national
40.7%Origination rate-17.38 pts vs national
17.2%Withdrawn by applicant
11.5%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$135,000Median loan amount
Median total loan costs
$120kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the F 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%

3rd41.3% denied

Processwithdrawn + incomplete share, weight 15%

6th28.7%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232138921.6%33.3%$13M
202421510530.2%38.0%$18M
202540116329.4%41.3%$46M

What Municipal Employees Credit Union of Baltimore 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

Home purchase 127 32% · 6.3% denied
Refinance 44 11% · 11.4% denied
Cash-out refinance 62 15% · 17.7% denied
Home improvement 55 14% · 58.2% denied
Other / HELOC 113 28% · 54.9% denied

By loan type

Conventional 391 98% · 29.4% denied
FHA 10 2% · 30.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 45 investment properties.

Who gets approved at Municipal Employees Credit Union of Baltimore

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k37680.7%
$50k – $100k923351.4%
$100k – $150k1214742.7%
$150k – $250k865015.3%
Over $250k502427.3%
Applicant ageApplicationsOriginatedDecision denial rate
25–34703426.1%
35–441063944.3%
45–54783542.6%
55–64732849.1%
65–74401348.2%

Where Municipal Employees Credit Union of Baltimore lends

5 states and 28 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Maryland38315230.3%#110
Pennsylvania620.0%#749
Virginia650.0%#636

Frequently asked questions

Municipal Employees Credit Union of Baltimore denied 41.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 3rd percentile of small mortgage lenders.

In 2025, 32% of its applications were for home purchases, 26% for refinancing (including cash-out), and 42% for home improvement or other purposes. By loan type: 98% conventional, 2% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Municipal Employees Credit Union of Baltimore. Data sources · Methodology