Servu Federal Credit Union · New York · 2025

Servu Federal Credit Union in New York: approval rate, denial rate and rates (2025)

Servu Federal Credit Union took 603 mortgage applications in New York in 2025, ranking #121 of 750 lenders active in the state. It originated 76.3% of them and denied 11.4% (12.7% of the applications it decided), against a statewide denial rate of 19.8%.

603Applicationsin NY
12.7%Decision denial ratestate 24.0%
Median ratestate 6.63%
$65,000Median loanstate $235,000
$42MVolume17 counties

Servu Federal Credit Union in New York vs the state

11.4%Denial rate-8.31 pts vs state
12.7%Decision denial rate-11.36 pts vs state
76.3%Origination rate+16.70 pts vs state
Median rate
Rate spread (pts)
$80kMedian applicant income
460Loans originated
69Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
202353135811.1%#109
202447635013.5%#123
202560346011.4%#121

What Servu Federal Credit Union lends in New York

By loan purpose

Home purchase 98 16% · 10.2% denied
Refinance 142 24% · 10.6% denied
Cash-out refinance 22 4% · 9.1% denied
Home improvement 85 14% · 11.8% denied
Other / HELOC 256 42% · 12.5% denied

By loan type

Conventional 603 100% · 11.4% denied

Where in New York

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

CountyApplicationsOriginatedDeniedDenial rate
Steuben County 35729235 9.8%
Allegany County 52435 9.6%
Yates County 45359 20.0%
Chemung County 42328 19.0%
Schuyler County 29242 6.9%
Monroe County 871 12.5%
Livingston County 880 0.0%
Ontario County 660 0.0%
Niagara County 330 0.0%
Broome County 220 0.0%

Other large lenders in New York

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 20,31532.7%7.97%
Rocket MortgageC 19,92422.0%6.88%
United Shore Financial ServicesB 14,77711.2%6.50%
JPMorgan Chase BankB 14,73511.7%6.38%
Manufacturers and Traders TrustC 12,33531.3%5.99%
Bank of AmericaF 10,19335.7%5.99%
Bethpage Federal Credit UnionC 9,73647.2%6.49%
TD BankD 9,23930.2%7.69%
NewrezD 8,65424.2%6.75%
ESL Federal Credit UnionB 7,81717.6%4.50%

Frequently asked questions

New York: 603 applications in 2025, of which 460 were originated and 69 denied.

11.4% of all applications, or 12.7% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

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

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