Navy Federal Credit Union in Minnesota vs the state
17.6%Denial rate+4.03 pts vs state
26.5%Decision denial rate+10.13 pts vs state
48.2%Origination rate-18.13 pts vs state
6.63%Median rate0.00 pts vs state
0.04Rate spread (pts)-0.21 pts vs state
$121kMedian applicant income
465Loans originated
170Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 754 | 352 | 23.1% | 7.13% | #51 |
| 2024 | 796 | 425 | 18.3% | 7.00% | #55 |
| 2025 | 964 | 465 | 17.6% | 6.63% | #50 |
What Navy Federal Credit Union lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 195 | 89 | 38 | 19.5% |
| Ramsey County | 82 | 43 | 14 | 17.1% |
| Dakota County | 70 | 35 | 8 | 11.4% |
| Anoka County | 69 | 32 | 10 | 14.5% |
| Washington County | 66 | 28 | 17 | 25.8% |
| St. Louis County | 38 | 18 | 4 | 10.5% |
| Olmsted County | 35 | 18 | 8 | 22.9% |
| Scott County | 31 | 20 | 3 | 9.7% |
| Wright County | 27 | 15 | 5 | 18.5% |
| Sherburne County | 27 | 14 | 6 | 22.2% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 964 applications in 2025, of which 465 were originated and 170 denied.
17.6% of all applications, or 26.5% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Navy Federal Credit Union originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Navy Federal Credit Union's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology