MyGeorgia 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 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%
11th38.3% deniedPricingmedian rate spread over APOR, weight 30%
5th1.22 ptsProcesswithdrawn + incomplete share, weight 15%
89th4.7%Closing coststotal loan costs ÷ loan amount, weight 10%
87th1.36% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 62 | 37 | 30.7% | 33.9% | 9.00% | $3.5M |
| 2024 | 33 | 16 | 42.4% | 46.7% | 7.38% | $1.8M |
| 2025 | 148 | 87 | 36.5% | 38.3% | 7.50% | $6.5M |
What MyGeorgia 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: 92 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 5 investment properties.
Why MyGeorgia Credit Union denies applications
Primary reason reported for each of the 54 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at MyGeorgia 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 | 28 | 10 | 61.5% |
| $50k – $100k | 48 | 31 | 32.6% |
| $100k – $150k | 38 | 25 | 28.6% |
| $150k – $250k | 29 | 19 | 34.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 24 | 11 | 52.2% |
| 45–54 | 46 | 31 | 29.6% |
| 55–64 | 28 | 17 | 34.6% |
| 65–74 | 27 | 16 | 38.5% |
Where MyGeorgia Credit Union lends
1 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Georgia | 148 | 87 | 36.5% | 7.50% | #285 |
Frequently asked questions
MyGeorgia Credit Union denied 38.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 11th percentile of home-equity (HELOC) lenders.
The most common reason MyGeorgia Credit Union gave in 2025 was "debt-to-income ratio", cited on 53.7% 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 MyGeorgia Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 1.22 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 5% of its applications were for home purchases, 7% for refinancing (including cash-out), and 88% 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.