TOWER Federal Credit Union in Maine vs the state
20.0%Denial rate+3.67 pts vs state
25.0%Decision denial rate+4.92 pts vs state
60.0%Origination rate-2.17 pts vs state
7.00%Median rate+0.13 pts vs state
-0.26Rate spread (pts)-0.59 pts vs state
$372kMedian applicant income
3Loans originated
1Denied
Trend in Maine
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5 | 4 | 20.0% | 6.62% | #257 |
| 2024 | 5 | 4 | 20.0% | 8.75% | #250 |
| 2025 | 5 | 3 | 20.0% | 7.00% | #294 |
What TOWER Federal Credit Union lends in Maine
By loan purpose
By loan type
Why it denied Maine applicants
Where in Maine
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| York County | 2 | 2 | 0 | 0.0% |
| Sagadahoc County | 1 | 1 | 0 | 0.0% |
| Waldo County | 1 | 0 | 0 | 0.0% |
| Cumberland County | 1 | 0 | 1 | 100.0% |
Other large lenders in Maine
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Bangor Savings Bank | B | 4,518 | 17.2% | 7.25% |
| United Shore Financial Services | B | 2,675 | 9.1% | 6.50% |
| Rocket Mortgage | C | 2,628 | 22.9% | 6.75% |
| The Camden National Bank | A | 2,559 | 13.2% | 6.99% |
| CMG Mortgage | A | 2,251 | 4.2% | 6.63% |
| Guild Mortgage | A | 1,838 | 5.3% | 6.63% |
| Kennebec Savings Bank | B | 1,493 | 9.6% | 7.00% |
| TD Bank | D | 1,244 | 20.2% | 7.35% |
| Mortgage Research Center | C | 1,104 | 17.6% | 6.25% |
| Evergreen Credit Union | D | 976 | 30.6% | 6.50% |
Frequently asked questions
Maine: 5 applications in 2025, of which 3 were originated and 1 denied.
20.0% of all applications, or 25.0% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.
The median rate on loans TOWER Federal Credit Union originated in Maine in 2025 was 7.00%, against a statewide median of 6.88%.
About this data. Figures are TOWER Federal Credit Union's own HMDA filing for properties located in Maine, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology