The People's Credit Union · New York · 2025

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

The People's Credit Union took 40 mortgage applications in New York in 2025, ranking #353 of 750 lenders active in the state. It originated 90.0% of them and denied 10.0% (10.0% of the applications it decided), against a statewide denial rate of 19.8%.

40Applicationsin NY
10.0%Decision denial ratestate 24.0%
8.44%Median ratestate 6.63%
$75,000Median loanstate $235,000
$3.2MVolume16 counties

The People's Credit Union in New York vs the state

10.0%Denial rate-9.75 pts vs state
10.0%Decision denial rate-14.04 pts vs state
90.0%Origination rate+30.41 pts vs state
8.44%Median rate+1.81 pts vs state
2.18Rate spread (pts)+1.97 pts vs state
$78kMedian applicant income
36Loans originated
4Denied

Trend in New York

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023231534.8%7.20%#386
2024503530.0%8.25%#322
2025403610.0%8.44%#353

What The People's Credit Union lends in New York

By loan purpose

Home purchase 40 100% · 10.0% denied

By loan type

Conventional 40 100% · 10.0% denied

Why it denied New York applicants

Employment history 3 75%
Debt-to-income ratio 1 25%

Where in New York

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

CountyApplicationsOriginatedDeniedDenial rate
Saratoga County 981 11.1%
Oneida County 752 28.6%
Dutchess County 550 0.0%
Rensselaer County 321 33.3%
Ulster County 330 0.0%
Sullivan County 330 0.0%
Onondaga County 110 0.0%
Oswego County 110 0.0%
Otsego County 110 0.0%
Ontario County 110 0.0%

Other large lenders in New York

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 20,31532.7%7.97%
Rocket MortgageC 19,92422.0%6.88%
United Shore Financial ServicesB 14,77711.2%6.50%
JPMorgan Chase BankB 14,73511.7%6.38%
Manufacturers and Traders TrustC 12,33531.3%5.99%
Bank of AmericaF 10,19335.7%5.99%
Bethpage Federal Credit UnionC 9,73647.2%6.49%
TD BankD 9,23930.2%7.69%
NewrezD 8,65424.2%6.75%
ESL Federal Credit UnionB 7,81717.6%4.50%

Frequently asked questions

New York: 40 applications in 2025, of which 36 were originated and 4 denied.

10.0% of all applications, or 10.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.

The median rate on loans The People's Credit Union originated in New York in 2025 was 8.44%, 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 New York, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology