Spectra Credit Union in Maryland vs the state
30.7%Denial rate+11.88 pts vs state
37.0%Decision denial rate+12.86 pts vs state
50.0%Origination rate-5.71 pts vs state
8.00%Median rate+1.38 pts vs state
0.81Rate spread (pts)+0.56 pts vs state
$157kMedian applicant income
44Loans originated
27Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 123 | 67 | 26.8% | 9.50% | #191 |
| 2024 | 95 | 46 | 30.5% | 9.00% | #221 |
| 2025 | 88 | 44 | 30.7% | 8.00% | #252 |
What Spectra Credit Union lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Spectra Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Prince George's County | 26 | 11 | 11 | 42.3% |
| Charles County | 20 | 7 | 10 | 50.0% |
| Anne Arundel County | 14 | 7 | 3 | 21.4% |
| Montgomery County | 6 | 4 | 0 | 0.0% |
| St. Mary's County | 5 | 3 | 1 | 20.0% |
| Howard County | 4 | 4 | 0 | 0.0% |
| Calvert County | 4 | 2 | 1 | 25.0% |
| Baltimore County | 3 | 3 | 0 | 0.0% |
| Washington County | 2 | 0 | 1 | 50.0% |
| Baltimore city | 2 | 2 | 0 | 0.0% |
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| Navy Federal Credit Union | D | 11,436 | 23.0% | 8.00% |
| United Shore Financial Services | B | 9,307 | 16.0% | 6.13% |
| Truist Bank | C | 6,559 | 34.9% | 6.49% |
| Bank of America | F | 6,051 | 35.8% | 6.24% |
| Newrez | D | 5,739 | 21.0% | 6.63% |
| State Employees Credit Union of Maryland | D | 5,624 | 44.6% | 6.25% |
| PNC Bank | D | 5,582 | 28.0% | 7.41% |
| Manufacturers and Traders Trust | C | 5,497 | 32.0% | 5.99% |
| Pennymac Loan Services | C | 5,411 | 12.4% | 6.49% |
Frequently asked questions
Maryland: 88 applications in 2025, of which 44 were originated and 27 denied.
30.7% of all applications, or 37.0% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Spectra Credit Union originated in Maryland in 2025 was 8.00%, against a statewide median of 6.63%.
About this data. Figures are Spectra Credit Union's own HMDA filing for properties located in Maryland, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology