Patelco 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 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%
76th16.7% deniedPricingmedian rate spread over APOR, weight 30%
14th0.76 ptsProcesswithdrawn + incomplete share, weight 15%
0th44.3%Closing coststotal loan costs ÷ loan amount, weight 10%
77th2.12% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 4,542 | 2,362 | 29.7% | 34.7% | 8.25% | $667M |
| 2024 | 4,020 | 2,054 | 18.7% | 25.1% | 8.25% | $705M |
| 2025 | 4,165 | 1,846 | 9.3% | 16.7% | 8.00% | $633M |
What Patelco 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: 2,227 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 61 investment properties.
Why Patelco Credit Union denies applications
Primary reason reported for each of the 388 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Patelco 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 | 158 | 13 | 76.8% |
| $50k – $100k | 560 | 174 | 32.2% |
| $100k – $150k | 792 | 366 | 18.0% |
| $150k – $250k | 1,134 | 619 | 13.6% |
| Over $250k | 1,414 | 663 | 8.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 442 | 185 | 12.4% |
| 35–44 | 973 | 430 | 15.2% |
| 45–54 | 991 | 437 | 19.4% |
| 55–64 | 840 | 410 | 17.2% |
| 65–74 | 580 | 266 | 15.3% |
| Over 74 | 255 | 107 | 19.2% |
Where Patelco Credit Union lends
2 states and 50 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 4,163 | 1,846 | 9.3% | 8.00% | #50 |
Frequently asked questions
Patelco Credit Union denied 16.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 76th percentile of home-equity (HELOC) lenders.
The most common reason Patelco Credit Union gave in 2025 was "debt-to-income ratio", cited on 72.2% 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 Patelco Credit Union originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 0.76 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 17% of its applications were for home purchases, 59% for refinancing (including cash-out), and 24% 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.