Quorum Federal Credit Union in Michigan vs the state
50.0%Denial rate+31.48 pts vs state
51.6%Decision denial rate+29.03 pts vs state
32.3%Origination rate-27.60 pts vs state
9.13%Median rate+2.38 pts vs state
2.06Rate spread (pts)+1.66 pts vs state
$100kMedian applicant income
31Loans originated
48Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 9 | 3 | 66.7% | 10.00% | #510 |
| 2024 | 41 | 15 | 39.0% | 10.25% | #365 |
| 2025 | 96 | 31 | 50.0% | 9.13% | #280 |
What Quorum Federal Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Quorum Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 19 | 4 | 8 | 42.1% |
| Kent County | 15 | 2 | 10 | 66.7% |
| Macomb County | 12 | 6 | 5 | 41.7% |
| Wayne County | 8 | 2 | 4 | 50.0% |
| Livingston County | 6 | 2 | 3 | 50.0% |
| Ottawa County | 4 | 3 | 0 | 0.0% |
| Genesee County | 3 | 1 | 2 | 66.7% |
| Lapeer County | 2 | 1 | 0 | 0.0% |
| Muskegon County | 2 | 1 | 1 | 50.0% |
| Jackson County | 2 | 1 | 1 | 50.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 96 applications in 2025, of which 31 were originated and 48 denied.
50.0% of all applications, or 51.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Quorum Federal Credit Union originated in Michigan in 2025 was 9.13%, against a statewide median of 6.75%.
About this data. Figures are Quorum Federal Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology