Quorum Federal Credit Union · South Dakota · 2025

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

Quorum Federal Credit Union took 5 mortgage applications in South Dakota in 2025, ranking #170 of 386 lenders active in the state. It originated 0.0% of them and denied 80.0% (80.0% of the applications it decided), against a statewide denial rate of 12.8%.

5Applicationsin SD
80.0%Decision denial ratestate 15.7%
Median ratestate 6.50%
$155,000Median loanstate $225,000
$0Volume3 counties

Quorum Federal Credit Union in South Dakota vs the state

80.0%Denial rate+67.25 pts vs state
80.0%Decision denial rate+64.27 pts vs state
0.0%Origination rate-66.04 pts vs state
Median rate
Rate spread (pts)
$118kMedian applicant income
0Loans originated
4Denied

What Quorum Federal Credit Union lends in South Dakota

By loan purpose

Refinance 1 20% · 100.0% denied
Cash-out refinance 4 80% · 75.0% denied

By loan type

Conventional 5 100% · 80.0% denied

Why it denied South Dakota applicants

Debt-to-income ratio 2 50%
Other 1 25%
Incomplete application 1 25%

Where in South Dakota

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

CountyApplicationsOriginatedDeniedDenial rate
Meade County 303 100.0%
Lake County 100 0.0%
Lawrence County 101 100.0%

Other large lenders in South Dakota

LenderGradeApplicationsDenial rateMedian rate
Plains Commerce BankB 2,2805.5%6.25%
First PREMIER BankC 1,38911.7%6.88%
First Bank & TrustC 1,32011.2%6.63%
Black Hills Federal Credit UnionD 1,22323.0%7.75%
Rocket MortgageC 1,02716.9%6.75%
CMG MortgageA 9192.3%6.38%
BankwestF 78614.0%7.25%
First Dakota National BankA 6904.6%6.50%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 5 applications in 2025, of which 0 were originated and 4 denied.

80.0% of all applications, or 80.0% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

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