Pen Air Credit Union in Alabama vs the state
39.1%Denial rate+19.22 pts vs state
46.0%Decision denial rate+20.99 pts vs state
44.8%Origination rate-10.59 pts vs state
7.99%Median rate+1.49 pts vs state
0.78Rate spread (pts)+0.49 pts vs state
$85kMedian applicant income
125Loans originated
109Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 332 | 110 | 45.5% | 8.00% | #98 |
| 2024 | 286 | 118 | 36.4% | 8.43% | #109 |
| 2025 | 279 | 125 | 39.1% | 7.99% | #129 |
What Pen Air Credit Union lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Pen Air Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Baldwin County | 240 | 109 | 95 | 39.6% |
| Mobile County | 26 | 11 | 10 | 38.5% |
| Escambia County | 8 | 1 | 4 | 50.0% |
| Montgomery County | 2 | 1 | 0 | 0.0% |
| Covington County | 1 | 1 | 0 | 0.0% |
| Monroe County | 1 | 1 | 0 | 0.0% |
| Washington County | 1 | 1 | 0 | 0.0% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 279 applications in 2025, of which 125 were originated and 109 denied.
39.1% of all applications, or 46.0% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Pen Air Credit Union originated in Alabama in 2025 was 7.99%, against a statewide median of 6.50%.
About this data. Figures are Pen Air Credit Union's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology