Navy Federal Credit Union in Rhode Island vs the state
16.7%Denial rate-1.97 pts vs state
22.6%Decision denial rate-0.55 pts vs state
55.9%Origination rate-3.86 pts vs state
7.34%Median rate+0.59 pts vs state
0.45Rate spread (pts)+0.26 pts vs state
$135kMedian applicant income
294Loans originated
88Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 456 | 213 | 28.1% | 7.50% | #17 |
| 2024 | 531 | 290 | 18.8% | 7.65% | #18 |
| 2025 | 526 | 294 | 16.7% | 7.34% | #22 |
What Navy Federal Credit Union lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 160 | 76 | 39 | 24.4% |
| Newport County | 118 | 72 | 23 | 19.5% |
| Kent County | 114 | 68 | 12 | 10.5% |
| Washington County | 107 | 66 | 10 | 9.3% |
| Bristol County | 27 | 12 | 4 | 14.8% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 6,329 | 27.8% | 7.40% |
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| The Washington Trust Company, of Westerly | C | 1,755 | 21.9% | 6.38% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
Frequently asked questions
Rhode Island: 526 applications in 2025, of which 294 were originated and 88 denied.
16.7% of all applications, or 22.6% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Navy Federal Credit Union originated in Rhode Island in 2025 was 7.34%, against a statewide median of 6.75%.
About this data. Figures are Navy Federal Credit Union's own HMDA filing for properties located in Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology