Mortgage lender · Lakeland, FL · LEI 5493009KQ3D6Q5VM0B61

Publix Employees Federal Credit Union review: approval odds, rates and grade (2025)

Publix Employees Federal Credit Union earns a C, in line with the typical performance of small mortgage lenders. It turned down 48.4% of the applications it decided on in 2025, which ranks in the 2nd percentile for approval odds. Its median loan was priced 0.18 points below the average prime offer rate, ranking in the 90th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

581Applications2025
15.3%Originatedof applications
48.4%Decision denial ratenational 22.6%
6.34%Median ratenational 6.63%
$31MLoan volume8 states

Publix Employees Federal Credit Union at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

18.2%Denial rate (all applications)+0.26 pts vs national
48.4%Denial rate (decided applications)+25.81 pts vs national
15.3%Origination rate-42.71 pts vs national
34.4%Withdrawn by applicant
27.9%Closed for incompleteness
6.34%Median interest rate-0.29 pts vs national
-0.18Median rate spread (pts over APOR)-0.44 pts vs national
$155,000Median loan amount
$3,908Median total loan costs
$110kMedian applicant income
73%Median loan-to-value
1High-cost (HOEPA) loans

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%

2nd48.4% denied

Pricingmedian rate spread over APOR, weight 30%

90th-0.18 pts

Processwithdrawn + incomplete share, weight 15%

0th62.3%

Closing coststotal loan costs ÷ loan amount, weight 10%

29th2.52% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202343217816.7%28.8%$25M
202447812414.4%34.0%7.06%$20M
20255818918.2%48.4%6.34%$31M

What Publix Employees 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

Home purchase 204 35% · 5.4% denied
Refinance 45 8% · 4.4% denied
Cash-out refinance 116 20% · 33.6% denied
Home improvement 1 0% · 100.0% denied
Other / HELOC 215 37% · 24.7% denied

By loan type

Conventional 581 100% · 18.2% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 2 investment properties.

Why Publix Employees Federal Credit Union denies applications

Primary reason reported for each of the 106 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Credit history 68 64%
Debt-to-income ratio 31 29%
Collateral 6 6%
Other 1 1%

How these reasons compare nationally →

Who gets approved at Publix Employees Federal Credit Union

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k77381.5%
$50k – $100k1814044.4%
$100k – $150k1262539.3%
$150k – $250k831245.2%
Over $250k113952.6%
Applicant ageApplicationsOriginatedDecision denial rate
25–341092035.9%
35–441462144.2%
45–541221660.0%
55–641362746.6%
65–7442464.7%

Where Publix Employees Federal Credit Union lends

8 states and 118 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Florida4326120.1%6.37%#259
Georgia791015.2%6.21%#372
North Carolina2454.2%6.40%#496
Kentucky191115.8%4.65%#358
Alabama12116.7%6.04%#450
Tennessee700.0%#689
South Carolina5020.0%#641

Frequently asked questions

Publix Employees Federal Credit Union denied 48.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 2nd percentile of small mortgage lenders.

The most common reason Publix Employees Federal Credit Union gave in 2025 was "credit history", cited on 64.2% 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 Publix Employees Federal Credit Union originated in 2025 was 6.34%, and its median rate spread over the average prime offer rate was -0.18 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 35% of its applications were for home purchases, 28% for refinancing (including cash-out), and 37% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Publix Employees Federal Credit Union. Data sources · Methodology