TOWER Federal Credit Union in California vs the state
34.8%Denial rate+17.36 pts vs state
39.5%Decision denial rate+17.11 pts vs state
53.3%Origination rate-2.94 pts vs state
7.00%Median rate+0.38 pts vs state
-0.19Rate spread (pts)-0.46 pts vs state
$202kMedian applicant income
49Loans originated
32Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 96 | 48 | 39.6% | 7.00% | #448 |
| 2024 | 105 | 56 | 36.2% | 8.00% | #433 |
| 2025 | 92 | 49 | 34.8% | 7.00% | #451 |
What TOWER Federal Credit Union lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 17 | 9 | 6 | 35.3% |
| Riverside County | 12 | 5 | 6 | 50.0% |
| San Diego County | 8 | 5 | 3 | 37.5% |
| Alameda County | 6 | 4 | 1 | 16.7% |
| Sacramento County | 6 | 4 | 2 | 33.3% |
| Ventura County | 6 | 3 | 2 | 33.3% |
| Kern County | 5 | 2 | 3 | 60.0% |
| Orange County | 5 | 3 | 2 | 40.0% |
| San Bernardino County | 4 | 2 | 1 | 25.0% |
| Solano County | 3 | 2 | 0 | 0.0% |
Other large lenders in California
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 79,261 | 12.6% | 6.49% |
| Rocket Mortgage | C | 58,925 | 17.6% | 6.75% |
| Bank of America | F | 40,190 | 30.8% | 5.99% |
| U.S. Bank | D | 32,493 | 31.6% | 6.50% |
| JPMorgan Chase Bank | B | 22,048 | 9.7% | 6.13% |
| Spring Eq | D | 21,601 | 50.8% | 8.88% |
| Schoolsfirst | A | 19,086 | 10.0% | 6.25% |
| Pennymac Loan Services | C | 18,754 | 13.5% | 6.50% |
| Newrez | D | 17,000 | 19.3% | 6.63% |
| Loandepot.Com | D | 16,645 | 18.7% | 6.63% |
Frequently asked questions
California: 92 applications in 2025, of which 49 were originated and 32 denied.
34.8% of all applications, or 39.5% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans TOWER Federal Credit Union originated in California in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are TOWER Federal Credit Union's own HMDA filing for properties located in California, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology