Premier Members 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 D grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
34th15.1% deniedPricingmedian rate spread over APOR, weight 30%
11th0.66 ptsProcesswithdrawn + incomplete share, weight 15%
32nd20.3%Closing coststotal loan costs ÷ loan amount, weight 10%
39th2.56% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,912 | 1,195 | 12.0% | 15.5% | 7.50% | $210M |
| 2024 | 824 | 557 | 17.5% | 20.5% | 9.00% | $60M |
| 2025 | 1,738 | 1,170 | 12.0% | 15.1% | 7.50% | $228M |
What Premier Members 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: 864 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 166 investment properties.
Why Premier Members Credit Union denies applications
Primary reason reported for each of the 209 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Premier Members 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 | 155 | 66 | 43.3% |
| $50k – $100k | 524 | 333 | 18.2% |
| $100k – $150k | 397 | 277 | 13.4% |
| $150k – $250k | 368 | 273 | 9.0% |
| Over $250k | 181 | 127 | 5.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 46 | 36 | 10.0% |
| 25–34 | 286 | 177 | 14.3% |
| 35–44 | 389 | 256 | 15.1% |
| 45–54 | 337 | 225 | 19.4% |
| 55–64 | 289 | 199 | 16.0% |
| 65–74 | 227 | 142 | 15.4% |
| Over 74 | 86 | 58 | 15.7% |
Where Premier Members Credit Union lends
13 states and 74 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Premier Members Credit Union denied 15.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 34th percentile of mid-size mortgage lenders.
The most common reason Premier Members Credit Union gave in 2025 was "other", cited on 31.6% 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 Premier Members Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.66 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 30% of its applications were for home purchases, 28% for refinancing (including cash-out), and 42% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.