Rhode Island 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 F grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
4th36.6% deniedProcesswithdrawn + incomplete share, weight 15%
30th16.3%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 641 | 315 | 36.0% | 41.8% | 6.50% | $21M |
| 2024 | 614 | 306 | 28.5% | 35.9% | 6.99% | $25M |
| 2025 | 590 | 306 | 30.7% | 36.6% | 6.99% | $32M |
What Rhode Island 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: 268 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 5 investment properties.
Who gets approved at Rhode Island Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 34 | 10 | 67.7% |
| $50k – $100k | 185 | 90 | 42.9% |
| $100k – $150k | 170 | 89 | 35.7% |
| $150k – $250k | 150 | 95 | 23.4% |
| Over $250k | 48 | 21 | 26.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 74 | 26 | 52.7% |
| 35–44 | 139 | 59 | 46.5% |
| 45–54 | 136 | 67 | 37.5% |
| 55–64 | 135 | 81 | 30.8% |
| 65–74 | 62 | 41 | 21.2% |
Where Rhode Island Credit Union lends
4 states and 14 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Rhode Island | 551 | 285 | 31.0% | 6.99% | #19 |
| Massachusetts | 37 | 20 | 24.3% | 6.50% | #359 |
Frequently asked questions
Rhode Island Credit Union denied 36.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 4th percentile of small mortgage lenders.
The median interest rate on loans Rhode Island Credit Union originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 3% of its applications were for home purchases, 46% for refinancing (including cash-out), and 51% 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.