THE SUMMIT Federal Credit Union in New York vs the state
28.1%Denial rate+8.31 pts vs state
32.6%Decision denial rate+8.51 pts vs state
56.2%Origination rate-3.35 pts vs state
7.25%Median rate+0.63 pts vs state
0.05Rate spread (pts)-0.16 pts vs state
$94kMedian applicant income
942Loans originated
470Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,407 | 865 | 24.6% | 7.38% | #56 |
| 2024 | 1,381 | 770 | 26.9% | 7.75% | #50 |
| 2025 | 1,675 | 942 | 28.1% | 7.25% | #50 |
What THE SUMMIT Federal Credit Union lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most THE SUMMIT Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monroe County | 869 | 525 | 217 | 25.0% |
| Erie County | 300 | 151 | 99 | 33.0% |
| Onondaga County | 196 | 101 | 60 | 30.6% |
| Cortland County | 55 | 29 | 13 | 23.6% |
| Wayne County | 47 | 28 | 13 | 27.7% |
| Ontario County | 37 | 26 | 7 | 18.9% |
| Niagara County | 29 | 15 | 7 | 24.1% |
| Livingston County | 26 | 15 | 6 | 23.1% |
| Seneca County | 24 | 12 | 10 | 41.7% |
| Orleans County | 14 | 4 | 7 | 50.0% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bank of America | F | 10,193 | 35.7% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 1,675 applications in 2025, of which 942 were originated and 470 denied.
28.1% of all applications, or 32.6% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans THE SUMMIT Federal Credit Union originated in New York in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are THE SUMMIT Federal 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