New Bedford 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 C 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%
16th22.4% deniedProcesswithdrawn + incomplete share, weight 15%
87th2.6%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 129 | 96 | 20.9% | 21.3% | — | $7.7M |
| 2024 | 133 | 90 | 24.8% | 25.2% | — | $8.2M |
| 2025 | 156 | 110 | 21.8% | 22.4% | — | $16M |
What New Bedford 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: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 11 investment properties.
Who gets approved at New Bedford Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 53 | 37 | 25.5% |
| $100k – $150k | 40 | 29 | 15.8% |
| $150k – $250k | 43 | 35 | 11.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 26 | 17 | 26.9% |
| 45–54 | 44 | 34 | 19.1% |
| 55–64 | 42 | 31 | 17.1% |
Where New Bedford Credit Union lends
3 states and 0 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 153 | 110 | 20.9% | — | #197 |
Frequently asked questions
New Bedford Credit Union denied 22.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 16th percentile of small mortgage lenders.
In 2025, 10% of its applications were for home purchases, 37% for refinancing (including cash-out), and 54% 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.