Royal Credit Union in Minnesota vs the state
11.0%Denial rate-2.63 pts vs state
12.3%Decision denial rate-4.01 pts vs state
75.7%Origination rate+9.29 pts vs state
6.75%Median rate+0.13 pts vs state
0.23Rate spread (pts)-0.02 pts vs state
$95kMedian applicant income
1,772Loans originated
257Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,379 | 1,723 | 9.2% | 7.00% | #15 |
| 2024 | 2,827 | 2,133 | 7.4% | 7.00% | #14 |
| 2025 | 2,342 | 1,772 | 11.0% | 6.75% | #18 |
What Royal Credit Union lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Royal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 658 | 495 | 74 | 11.2% |
| Ramsey County | 389 | 298 | 51 | 13.1% |
| Washington County | 288 | 230 | 20 | 6.9% |
| Dakota County | 285 | 213 | 35 | 12.3% |
| Anoka County | 256 | 196 | 25 | 9.8% |
| Chisago County | 83 | 58 | 13 | 15.7% |
| Scott County | 52 | 39 | 2 | 3.8% |
| Wright County | 49 | 36 | 4 | 8.2% |
| Stearns County | 35 | 30 | 3 | 8.6% |
| Carver County | 34 | 20 | 4 | 11.8% |
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: 2,342 applications in 2025, of which 1,772 were originated and 257 denied.
11.0% of all applications, or 12.3% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Royal Credit Union originated in Minnesota in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Royal 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