RED ROCKS Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
72nd18.1% deniedPricingmedian rate spread over APOR, weight 30%
24th0.50 ptsProcesswithdrawn + incomplete share, weight 15%
35th15.1%Closing coststotal loan costs ÷ loan amount, weight 10%
49th3.18% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 289 | 192 | 6.2% | 8.4% | 9.00% | $19M |
| 2024 | 267 | 181 | 11.6% | 14.4% | 8.99% | $26M |
| 2025 | 351 | 238 | 15.4% | 18.1% | 7.75% | $41M |
What RED ROCKS 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
By loan type
Also: 348 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 2 investment properties.
Why RED ROCKS Credit Union denies applications
Primary reason reported for each of the 54 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at RED ROCKS Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 61 | 34 | 29.2% |
| $100k – $150k | 83 | 51 | 19.7% |
| $150k – $250k | 119 | 97 | 9.2% |
| Over $250k | 74 | 54 | 13.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 29 | 22 | 8.3% |
| 35–44 | 106 | 72 | 15.1% |
| 45–54 | 110 | 78 | 15.6% |
| 55–64 | 58 | 37 | 24.0% |
| 65–74 | 37 | 23 | 25.0% |
Where RED ROCKS Credit Union lends
8 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Colorado | 343 | 238 | 14.6% | 7.75% | #133 |
Frequently asked questions
RED ROCKS Credit Union denied 18.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 72nd percentile of home-equity (HELOC) lenders.
The most common reason RED ROCKS Credit Union gave in 2025 was "debt-to-income ratio", cited on 29.6% 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 RED ROCKS Credit Union originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was 0.50 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 5% of its applications were for home purchases, 28% for refinancing (including cash-out), and 66% 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.