TOWER Federal Credit Union in Massachusetts vs the state
40.0%Denial rate+23.79 pts vs state
42.9%Decision denial rate+22.91 pts vs state
46.7%Origination rate-15.93 pts vs state
7.00%Median rate+0.38 pts vs state
-0.24Rate spread (pts)-0.33 pts vs state
$233kMedian applicant income
14Loans originated
12Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 25 | 16 | 36.0% | 8.50% | #373 |
| 2024 | 28 | 17 | 39.3% | 8.25% | #368 |
| 2025 | 30 | 14 | 40.0% | 7.00% | #381 |
What TOWER Federal Credit Union lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 10 | 5 | 4 | 40.0% |
| Essex County | 5 | 4 | 1 | 20.0% |
| Barnstable County | 4 | 2 | 1 | 25.0% |
| Norfolk County | 4 | 2 | 1 | 25.0% |
| Bristol County | 2 | 0 | 2 | 100.0% |
| Worcester County | 2 | 1 | 1 | 50.0% |
| Berkshire County | 1 | 0 | 0 | 0.0% |
| Plymouth County | 1 | 0 | 1 | 100.0% |
| Suffolk County | 1 | 0 | 1 | 100.0% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 30 applications in 2025, of which 14 were originated and 12 denied.
40.0% of all applications, or 42.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans TOWER Federal Credit Union originated in Massachusetts 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 Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology