TOWER Federal Credit Union in North Carolina vs the state
24.7%Denial rate+6.65 pts vs state
28.4%Decision denial rate+5.56 pts vs state
59.4%Origination rate+1.60 pts vs state
7.00%Median rate+0.50 pts vs state
-0.19Rate spread (pts)-0.28 pts vs state
$204kMedian applicant income
101Loans originated
42Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 259 | 148 | 29.3% | 7.00% | #170 |
| 2024 | 244 | 138 | 34.4% | 7.75% | #200 |
| 2025 | 170 | 101 | 24.7% | 7.00% | #251 |
What TOWER Federal Credit Union lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 36 | 22 | 7 | 19.4% |
| Wake County | 24 | 16 | 5 | 20.8% |
| Union County | 13 | 7 | 3 | 23.1% |
| Brunswick County | 11 | 7 | 2 | 18.2% |
| Dare County | 9 | 4 | 2 | 22.2% |
| Buncombe County | 8 | 3 | 3 | 37.5% |
| New Hanover County | 8 | 5 | 1 | 12.5% |
| Cabarrus County | 6 | 2 | 3 | 50.0% |
| Moore County | 5 | 4 | 1 | 20.0% |
| Durham County | 4 | 0 | 3 | 75.0% |
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| State Employees' | C | 47,893 | 25.2% | 6.25% |
| Rocket Mortgage | C | 25,109 | 16.0% | 6.63% |
| United Shore Financial Services | B | 18,884 | 11.4% | 6.13% |
| Vanderbilt Mortgage and Finance | F | 15,008 | 38.0% | 7.75% |
| Truist Bank | C | 14,364 | 30.3% | 6.50% |
| Movement Mortgage | A | 11,091 | 2.6% | 6.63% |
| Navy Federal Credit Union | D | 10,565 | 19.4% | 7.13% |
| First-Citizens Bank & Trust | B | 10,319 | 19.6% | 6.38% |
| Bank of America | F | 10,276 | 28.2% | 6.24% |
| Mortgage Research Center | C | 10,029 | 17.7% | 6.25% |
Frequently asked questions
North Carolina: 170 applications in 2025, of which 101 were originated and 42 denied.
24.7% of all applications, or 28.4% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans TOWER Federal Credit Union originated in North Carolina in 2025 was 7.00%, against a statewide median of 6.50%.
About this data. Figures are TOWER Federal Credit Union's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology