Park Federal 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 B 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%
69th18.5% deniedPricingmedian rate spread over APOR, weight 30%
67th-0.17 ptsProcesswithdrawn + incomplete share, weight 15%
27th16.9%Closing coststotal loan costs ÷ loan amount, weight 10%
53rd3.02% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,490 | 1,037 | 13.5% | 16.1% | 7.13% | $154M |
| 2024 | 980 | 630 | 15.2% | 18.9% | 8.00% | $90M |
| 2025 | 878 | 588 | 15.4% | 18.5% | 7.50% | $88M |
What Park Federal 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: 522 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 91 investment properties.
Why Park Federal Credit Union denies applications
Primary reason reported for each of the 135 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Park Federal 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 | 134 | 54 | 49.1% |
| $50k – $100k | 312 | 210 | 17.9% |
| $100k – $150k | 174 | 116 | 13.9% |
| $150k – $250k | 131 | 91 | 14.0% |
| Over $250k | 41 | 33 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 121 | 81 | 12.0% |
| 35–44 | 176 | 113 | 22.3% |
| 45–54 | 197 | 121 | 25.6% |
| 55–64 | 160 | 107 | 18.1% |
| 65–74 | 95 | 56 | 23.7% |
| Over 74 | 39 | 27 | 10.0% |
Where Park Federal Credit Union lends
2 states and 45 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Park Federal Credit Union denied 18.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 69th percentile of home-equity (HELOC) lenders.
The most common reason Park Federal Credit Union gave in 2025 was "credit history", cited on 65.2% 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 Park Federal Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was -0.17 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 24% of its applications were for home purchases, 35% for refinancing (including cash-out), and 41% 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.