Summit Credit Union in Michigan vs the state
33.3%Denial rate+14.81 pts vs state
42.9%Decision denial rate+20.28 pts vs state
44.4%Origination rate-15.45 pts vs state
6.44%Median rate-0.31 pts vs state
0.07Rate spread (pts)-0.33 pts vs state
$110kMedian applicant income
8Loans originated
6Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 23 | 15 | 8.7% | 6.13% | #403 |
| 2024 | 13 | 9 | 7.7% | 6.75% | #476 |
| 2025 | 18 | 8 | 33.3% | 6.44% | #449 |
What Summit Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Summit Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Menominee County | 4 | 1 | 2 | 50.0% |
| Oakland County | 3 | 0 | 1 | 33.3% |
| Marquette County | 3 | 1 | 1 | 33.3% |
| Gogebic County | 2 | 1 | 1 | 50.0% |
| Delta County | 1 | 1 | 0 | 0.0% |
| Iron County | 1 | 1 | 0 | 0.0% |
| Luce County | 1 | 1 | 0 | 0.0% |
| Sanilac County | 1 | 1 | 0 | 0.0% |
| Berrien County | 1 | 0 | 1 | 100.0% |
| Houghton County | 1 | 1 | 0 | 0.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 18 applications in 2025, of which 8 were originated and 6 denied.
33.3% of all applications, or 42.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Summit Credit Union originated in Michigan in 2025 was 6.44%, against a statewide median of 6.75%.
About this data. Figures are Summit Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology