Summit Credit Union in Minnesota vs the state
8.7%Denial rate-4.90 pts vs state
11.1%Decision denial rate-5.24 pts vs state
60.9%Origination rate-5.50 pts vs state
6.13%Median rate-0.50 pts vs state
-0.18Rate spread (pts)-0.43 pts vs state
$169kMedian applicant income
14Loans originated
2Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 25 | 20 | 8.0% | 6.25% | #364 |
| 2024 | 27 | 16 | 7.4% | 6.63% | #352 |
| 2025 | 23 | 14 | 8.7% | 6.13% | #377 |
What Summit Credit Union lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most Summit Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Dakota County | 6 | 3 | 1 | 16.7% |
| Hennepin County | 5 | 3 | 1 | 20.0% |
| Ramsey County | 3 | 3 | 0 | 0.0% |
| St. Louis County | 2 | 1 | 0 | 0.0% |
| Crow Wing County | 1 | 0 | 0 | 0.0% |
| Carver County | 1 | 1 | 0 | 0.0% |
| Olmsted County | 1 | 0 | 0 | 0.0% |
| Houston County | 1 | 0 | 0 | 0.0% |
| Rice County | 1 | 1 | 0 | 0.0% |
| Washington County | 1 | 1 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 23 applications in 2025, of which 14 were originated and 2 denied.
8.7% of all applications, or 11.1% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans Summit Credit Union originated in Minnesota in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Summit Credit Union's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology