Summit 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 C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
27th16.5% deniedProcesswithdrawn + incomplete share, weight 15%
95th0.3%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 367 | 314 | 14.2% | 14.2% | — | $26M |
| 2024 | 350 | 310 | 10.6% | 10.6% | — | $31M |
| 2025 | 334 | 275 | 16.5% | 16.5% | — | $29M |
What Summit 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: 0 home-equity lines, 0 reverse mortgages, 16 manufactured homes, 23 investment properties.
Who gets approved at Summit 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 | 49 | 34 | 30.6% |
| $50k – $100k | 142 | 121 | 12.1% |
| $100k – $150k | 77 | 67 | 13.0% |
| $150k – $250k | 53 | 43 | 18.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 25 | 19 | 20.0% |
| 35–44 | 57 | 46 | 17.5% |
| 45–54 | 92 | 74 | 18.5% |
| 55–64 | 88 | 76 | 12.6% |
| 65–74 | 58 | 48 | 17.2% |
Where Summit Credit Union lends
1 states and 35 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Carolina | 334 | 275 | 16.5% | — | #181 |
Frequently asked questions
Summit Credit Union denied 16.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 27th percentile of small mortgage lenders.
In 2025, 9% of its applications were for home purchases, 2% for refinancing (including cash-out), and 89% 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.