The People's Credit Union · Massachusetts · 2025

The People's Credit Union in Massachusetts: approval rate, denial rate and rates (2025)

The People's Credit Union took 28 mortgage applications in Massachusetts in 2025, ranking #386 of 799 lenders active in the state. It originated 67.9% of them and denied 10.7% (13.6% of the applications it decided), against a statewide denial rate of 16.2%.

28Applicationsin MA
13.6%Decision denial ratestate 20.0%
6.63%Median ratestate 6.63%
$460,000Median loanstate $325,000
$10MVolume8 counties

The People's Credit Union in Massachusetts vs the state

10.7%Denial rate-5.50 pts vs state
13.6%Decision denial rate-6.31 pts vs state
67.9%Origination rate+5.26 pts vs state
6.63%Median rate0.00 pts vs state
0.09Rate spread (pts)-0.01 pts vs state
$144kMedian applicant income
19Loans originated
3Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023412217.1%6.38%#329
2024423014.3%6.81%#332
2025281910.7%6.63%#386

What The People's Credit Union lends in Massachusetts

By loan purpose

Home purchase 19 68% · 5.3% denied
Refinance 1 4% · 0.0% denied
Cash-out refinance 4 14% · 25.0% denied
Home improvement 1 4% · 0.0% denied
Other / HELOC 3 11% · 33.3% denied

By loan type

Conventional 28 100% · 10.7% denied

Why it denied Massachusetts applicants

Other 2 67%
Debt-to-income ratio 1 33%

Where in Massachusetts

Counties with the most The People's Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bristol County 1492 14.3%
Worcester County 320 0.0%
Essex County 330 0.0%
Middlesex County 220 0.0%
Plymouth County 211 50.0%
Barnstable County 210 0.0%
Norfolk County 110 0.0%
Suffolk County 100 0.0%

Other large lenders in Massachusetts

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 17,47629.0%7.40%
Rocket MortgageC 8,69815.9%6.75%
Bank of AmericaF 7,78430.1%5.99%
Guaranteed RateB 7,3134.5%6.50%
Eastern BankB 6,21631.8%6.99%
Rockland TrustC 5,99028.6%6.99%
Leader BankA 5,9131.8%6.25%
United Shore Financial ServicesB 5,89812.8%6.50%
Crosscountry MortgageB 5,6343.8%6.63%
TD BankD 3,77826.9%7.44%

Frequently asked questions

Massachusetts: 28 applications in 2025, of which 19 were originated and 3 denied.

10.7% of all applications, or 13.6% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans The People's Credit Union originated in Massachusetts in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are The People's Credit Union's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology