True North Federal Credit Union · Alaska · 2025

True North Federal Credit Union in Alaska: approval rate, denial rate and rates (2025)

True North Federal Credit Union took 145 mortgage applications in Alaska in 2025, ranking #32 of 252 lenders active in the state. It originated 55.9% of them and denied 31.7% (31.7% of the applications it decided), against a statewide denial rate of 14.0%.

145Applicationsin AK
31.7%Decision denial ratestate 18.0%
7.38%Median ratestate 6.44%
$125,000Median loanstate $305,000
$17MVolume11 counties

True North Federal Credit Union in Alaska vs the state

31.7%Denial rate+17.71 pts vs state
31.7%Decision denial rate+13.74 pts vs state
55.9%Origination rate-4.82 pts vs state
7.38%Median rate+0.93 pts vs state
1.47Rate spread (pts)+1.34 pts vs state
$113kMedian applicant income
81Loans originated
46Denied

Trend in Alaska

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231437531.5%6.50%#25
20241458229.7%7.25%#31
20251458131.7%7.38%#32

What True North Federal Credit Union lends in Alaska

By loan purpose

Home purchase 49 34% · 10.2% denied
Refinance 18 12% · 72.2% denied
Cash-out refinance 65 45% · 35.4% denied
Home improvement 7 5% · 71.4% denied
Other / HELOC 6 4% · 0.0% denied

By loan type

Conventional 129 89% · 29.5% denied
FHA 9 6% · 55.6% denied
VA 7 5% · 42.9% denied

Why it denied Alaska applicants

Credit history 13 28%
Debt-to-income ratio 12 26%
Other 11 24%
Incomplete application 6 13%
Collateral 4 9%

Where in Alaska

Counties with the most True North Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Juneau City and Borough 986027 27.6%
Anchorage Municipality 25137 28.0%
Matanuska-Susitna Borough 715 71.4%
Southeast Fairbanks Census Area 312 66.7%
Kenai Peninsula Borough 311 33.3%
Haines Borough 312 66.7%
Fairbanks North Star Borough 220 0.0%
Ketchikan Gateway Borough 101 100.0%
Yakutat City and Borough 110 0.0%
Sitka City and Borough 110 0.0%

Other large lenders in Alaska

LenderGradeApplicationsDenial rateMedian rate
Global Federal Credit UnionC 2,60116.0%6.63%
Residential MortgageB 1,9074.4%6.25%
NewrezD 1,3444.3%6.38%
Rocket MortgageC 1,05117.8%6.75%
Mortgage Research CenterC 84414.5%6.25%
United Shore Financial ServicesB 55112.2%6.12%
The Loan StoreB 5198.5%6.50%
NuVision Federal Credit UnionC 50132.9%4.99%
CREDIT UNION 1 Credit UnionD 46211.7%7.75%
First National Bank AlaskaC 4029.0%6.63%

Frequently asked questions

Alaska: 145 applications in 2025, of which 81 were originated and 46 denied.

31.7% of all applications, or 31.7% of the applications it actually decided on. The Alaska statewide average across all lenders was 14.0%.

The median rate on loans True North Federal Credit Union originated in Alaska in 2025 was 7.38%, against a statewide median of 6.44%.

About this data. Figures are True North Federal Credit Union's own HMDA filing for properties located in Alaska, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology