Quorum Federal Credit Union · Connecticut · 2025

Quorum Federal Credit Union in Connecticut: approval rate, denial rate and rates (2025)

Quorum Federal Credit Union took 229 mortgage applications in Connecticut in 2025, ranking #94 of 687 lenders active in the state. It originated 50.2% of them and denied 34.1% (35.3% of the applications it decided), against a statewide denial rate of 17.4%.

229Applicationsin CT
35.3%Decision denial ratestate 21.6%
8.88%Median ratestate 6.63%
$155,000Median loanstate $245,000
$27MVolume9 counties

Quorum Federal Credit Union in Connecticut vs the state

34.1%Denial rate+16.66 pts vs state
35.3%Decision denial rate+13.70 pts vs state
50.2%Origination rate-10.16 pts vs state
8.88%Median rate+2.25 pts vs state
1.68Rate spread (pts)+1.44 pts vs state
$178kMedian applicant income
115Loans originated
78Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023341244.1%10.75%#239
20241336834.6%9.93%#126
202522911534.1%8.88%#94

What Quorum Federal Credit Union lends in Connecticut

By loan purpose

Home purchase 11 5% · 9.1% denied
Refinance 21 9% · 42.9% denied
Cash-out refinance 180 79% · 35.6% denied
Home improvement 17 7% · 23.5% denied

By loan type

Conventional 229 100% · 34.1% denied

Why it denied Connecticut applicants

Debt-to-income ratio 46 59%
Incomplete application 21 27%
Collateral 5 6%
Other 3 4%
Credit history 3 4%

Where in Connecticut

Counties with the most Quorum Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09190 824724 29.3%
09170 381717 44.7%
09120 361711 30.6%
09110 28157 25.0%
09140 21611 52.4%
09160 1384 30.8%
09130 522 40.0%
09180 330 0.0%
09150 302 66.7%

Other large lenders in Connecticut

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 6,04316.5%6.75%
Citizens BankC 4,89526.2%7.40%
Bank of AmericaF 4,59132.1%6.00%
United Shore Financial ServicesB 4,23913.7%6.50%
Total Mortgage ServicesB 4,2194.5%6.63%
Manufacturers and Traders TrustC 4,03031.8%5.99%
Liberty BankA 3,5139.5%5.99%
Webster BankC 2,76221.9%6.74%
NewrezD 2,55621.8%6.88%
AMERICAN EAGLE FINANCIAL Credit UnionD 2,46318.9%7.75%

Frequently asked questions

Connecticut: 229 applications in 2025, of which 115 were originated and 78 denied.

34.1% of all applications, or 35.3% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Quorum Federal Credit Union originated in Connecticut in 2025 was 8.88%, against a statewide median of 6.63%.

About this data. Figures are Quorum Federal Credit Union's own HMDA filing for properties located in Connecticut, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology