National Cooperative Bank in Michigan vs the state
9.6%Denial rate-8.88 pts vs state
11.4%Decision denial rate-11.15 pts vs state
73.5%Origination rate+13.60 pts vs state
7.00%Median rate+0.25 pts vs state
1.05Rate spread (pts)+0.65 pts vs state
$70kMedian applicant income
61Loans originated
8Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 97 | 70 | 16.5% | 7.13% | #269 |
| 2024 | 91 | 56 | 19.8% | 6.88% | #275 |
| 2025 | 83 | 61 | 9.6% | 7.00% | #292 |
What National Cooperative Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most National Cooperative Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 36 | 23 | 6 | 16.7% |
| Macomb County | 35 | 31 | 0 | 0.0% |
| Washtenaw County | 7 | 5 | 0 | 0.0% |
| Oakland County | 4 | 2 | 1 | 25.0% |
| Ingham County | 1 | 0 | 1 | 100.0% |
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: 83 applications in 2025, of which 61 were originated and 8 denied.
9.6% of all applications, or 11.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans National Cooperative Bank originated in Michigan in 2025 was 7.00%, against a statewide median of 6.75%.
About this data. Figures are National Cooperative Bank'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