Quorum Federal Credit Union in Minnesota vs the state
28.8%Denial rate+15.17 pts vs state
31.3%Decision denial rate+14.99 pts vs state
45.2%Origination rate-21.16 pts vs state
8.88%Median rate+2.25 pts vs state
1.64Rate spread (pts)+1.38 pts vs state
$140kMedian applicant income
33Loans originated
21Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 15 | 8 | 33.3% | 10.37% | #417 |
| 2024 | 31 | 14 | 38.7% | 9.87% | #329 |
| 2025 | 73 | 33 | 28.8% | 8.88% | #241 |
What Quorum Federal Credit Union lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Quorum Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 18 | 9 | 5 | 27.8% |
| Wright County | 8 | 3 | 4 | 50.0% |
| Dakota County | 7 | 2 | 3 | 42.9% |
| Ramsey County | 7 | 4 | 0 | 0.0% |
| Scott County | 6 | 4 | 1 | 16.7% |
| Anoka County | 5 | 1 | 3 | 60.0% |
| Washington County | 5 | 2 | 2 | 40.0% |
| Cass County | 2 | 1 | 0 | 0.0% |
| Murray County | 2 | 1 | 0 | 0.0% |
| Crow Wing County | 1 | 0 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 73 applications in 2025, of which 33 were originated and 21 denied.
28.8% of all applications, or 31.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Quorum Federal Credit Union originated in Minnesota 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 Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology