TEG 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 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%
30th15.6% deniedPricingmedian rate spread over APOR, weight 30%
73rd0.08 ptsProcesswithdrawn + incomplete share, weight 15%
31st16.2%Closing coststotal loan costs ÷ loan amount, weight 10%
79th1.16% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 276 | 182 | 19.9% | 22.5% | 6.94% | $54M |
| 2024 | 261 | 194 | 10.7% | 12.2% | 6.88% | $62M |
| 2025 | 291 | 198 | 13.1% | 15.6% | 6.56% | $70M |
What TEG 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: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 21 investment properties.
Why TEG Federal Credit Union denies applications
Primary reason reported for each of the 38 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at TEG Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 65 | 36 | 32.1% |
| $100k – $150k | 76 | 53 | 14.9% |
| $150k – $250k | 81 | 60 | 8.8% |
| Over $250k | 57 | 40 | 4.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 67 | 53 | 1.7% |
| 35–44 | 62 | 44 | 13.2% |
| 45–54 | 63 | 40 | 20.0% |
| 55–64 | 54 | 27 | 36.4% |
| 65–74 | 23 | 18 | 10.0% |
Where TEG Federal Credit Union lends
5 states and 19 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 284 | 192 | 13.0% | 6.50% | #182 |
Frequently asked questions
TEG Federal Credit Union denied 15.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 30th percentile of small mortgage lenders.
The most common reason TEG Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 71.1% 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 TEG Federal Credit Union originated in 2025 was 6.56%, and its median rate spread over the average prime offer rate was 0.08 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 59% of its applications were for home purchases, 22% for refinancing (including cash-out), and 19% 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.