South Carolina 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
32nd15.7% deniedPricingmedian rate spread over APOR, weight 30%
4th1.23 ptsProcesswithdrawn + incomplete share, weight 15%
8th31.3%Closing coststotal loan costs ÷ loan amount, weight 10%
8th4.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,635 | 1,040 | 6.4% | 9.1% | 7.00% | $250M |
| 2024 | 1,773 | 1,103 | 9.0% | 12.5% | 7.88% | $257M |
| 2025 | 1,660 | 944 | 10.8% | 15.7% | 7.63% | $240M |
What South Carolina 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: 495 home-equity lines, 0 reverse mortgages, 50 manufactured homes, 8 investment properties.
Why South Carolina Federal Credit Union denies applications
Primary reason reported for each of the 179 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at South Carolina 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 | 168 | 67 | 40.0% |
| $50k – $100k | 527 | 309 | 15.0% |
| $100k – $150k | 379 | 224 | 14.9% |
| $150k – $250k | 351 | 204 | 10.4% |
| Over $250k | 220 | 126 | 8.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 32 | 20 | 4.8% |
| 25–34 | 234 | 120 | 15.9% |
| 35–44 | 394 | 206 | 21.6% |
| 45–54 | 383 | 213 | 18.7% |
| 55–64 | 364 | 227 | 11.1% |
| 65–74 | 179 | 109 | 13.2% |
| Over 74 | 74 | 49 | 3.9% |
Where South Carolina Federal Credit Union lends
7 states and 68 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 1,613 | 913 | 10.7% | 7.63% | #37 |
| North Carolina | 27 | 18 | 11.1% | 6.25% | #481 |
| Georgia | 10 | 6 | 20.0% | 6.13% | #674 |
| Florida | 7 | 4 | 28.6% | 6.25% | #1,010 |
Frequently asked questions
South Carolina Federal Credit Union denied 15.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 32nd percentile of mid-size mortgage lenders.
The most common reason South Carolina Federal Credit Union gave in 2025 was "credit history", cited on 37.4% 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 South Carolina Federal Credit Union originated in 2025 was 7.63%, and its median rate spread over the average prime offer rate was 1.23 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 22% of its applications were for home purchases, 55% for refinancing (including cash-out), and 23% 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.