Signature Federal 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 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%
17th35.6% deniedPricingmedian rate spread over APOR, weight 30%
9th0.99 ptsProcesswithdrawn + incomplete share, weight 15%
0th44.7%Closing coststotal loan costs ÷ loan amount, weight 10%
98th0.22% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 872 | 456 | 21.9% | 29.5% | 9.00% | $56M |
| 2024 | 797 | 232 | 29.7% | 50.5% | 9.50% | $30M |
| 2025 | 736 | 258 | 19.7% | 35.6% | 8.00% | $34M |
What Signature Federal 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: 479 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 100 investment properties.
Why Signature Federal Credit Union denies applications
Primary reason reported for each of the 145 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Signature Federal 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 | 26 | 4 | 66.7% |
| $50k – $100k | 117 | 35 | 35.7% |
| $100k – $150k | 182 | 69 | 36.4% |
| $150k – $250k | 242 | 92 | 30.6% |
| Over $250k | 151 | 56 | 31.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 123 | 39 | 43.7% |
| 35–44 | 266 | 83 | 37.5% |
| 45–54 | 193 | 68 | 40.9% |
| 55–64 | 80 | 36 | 20.0% |
| 65–74 | 47 | 22 | 12.0% |
| Over 74 | 21 | 9 | 23.1% |
Where Signature Federal Credit Union lends
47 states and 381 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 74 | 27 | 12.2% | 8.00% | #480 |
| Virginia | 57 | 24 | 14.0% | 8.00% | #357 |
| Florida | 46 | 15 | 15.2% | 8.25% | #613 |
| North Carolina | 39 | 11 | 30.8% | 8.00% | #437 |
| Georgia | 37 | 8 | 35.1% | 7.75% | #486 |
| New Jersey | 37 | 12 | 24.3% | 7.88% | #385 |
| Arizona | 31 | 10 | 16.1% | 7.63% | #373 |
| New York | 29 | 9 | 13.8% | 8.00% | #385 |
| Illinois | 28 | 15 | 21.4% | 8.25% | #551 |
| Maryland | 26 | 8 | 11.5% | 7.38% | #388 |
| Michigan | 24 | 7 | 12.5% | 8.00% | #412 |
| Pennsylvania | 23 | 9 | 26.1% | 7.50% | #584 |
| Colorado | 21 | 7 | 19.1% | 8.25% | #411 |
| Ohio | 21 | 8 | 28.6% | 7.63% | #524 |
| Tennessee | 21 | 4 | 23.8% | 4.83% | #532 |
| South Carolina | 19 | 3 | 31.6% | 7.00% | #459 |
| Alabama | 17 | 6 | 35.3% | 8.38% | #409 |
| Indiana | 17 | 8 | 41.2% | 8.00% | #483 |
| Missouri | 13 | 7 | 7.7% | 7.00% | #483 |
| Massachusetts | 11 | 3 | 9.1% | 8.25% | #459 |
| Utah | 11 | 3 | 27.3% | 9.00% | #287 |
| Washington | 11 | 4 | 9.1% | 4.83% | #443 |
| Nevada | 9 | 2 | 44.4% | 4.83% | #325 |
| Connecticut | 8 | 3 | 12.5% | 7.00% | #394 |
| New Hampshire | 8 | 4 | 0.0% | 8.13% | #277 |
| Oregon | 8 | 5 | 37.5% | 8.00% | #392 |
| Kentucky | 7 | 1 | 0.0% | 7.50% | #461 |
| Minnesota | 7 | 3 | 28.6% | 7.50% | #507 |
| West Virginia | 7 | 5 | 0.0% | 8.25% | #287 |
| Louisiana | 6 | 2 | 33.3% | 7.75% | #420 |
| Wisconsin | 6 | 1 | 50.0% | 9.00% | #555 |
| Delaware | 5 | 1 | 0.0% | 7.25% | #320 |
| Idaho | 5 | 1 | 20.0% | 8.75% | #344 |
| Kansas | 5 | 3 | 0.0% | 7.25% | #424 |
| Mississippi | 5 | 2 | 0.0% | 6.63% | #349 |
| Montana | 5 | 3 | 0.0% | 6.75% | #238 |
| Nebraska | 5 | 1 | 0.0% | 7.50% | #314 |
| Rhode Island | 5 | 1 | 20.0% | 9.00% | #244 |
| Texas | 5 | 1 | 20.0% | 6.00% | #1,076 |
Frequently asked questions
Signature Federal Credit Union denied 35.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of home-equity (HELOC) lenders.
The most common reason Signature Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 51.7% 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 Signature Federal Credit Union originated in 2025 was 8.00%, and its median rate spread over the average prime offer rate was 0.99 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 9% of its applications were for home purchases, 15% for refinancing (including cash-out), and 76% 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.