Union Savings Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
77th16.5% deniedPricingmedian rate spread over APOR, weight 30%
91st-1.60 ptsProcesswithdrawn + incomplete share, weight 15%
32nd15.9%Closing coststotal loan costs ÷ loan amount, weight 10%
71st2.37% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 839 | 554 | 15.1% | 18.4% | 5.49% | $210M |
| 2024 | 886 | 599 | 16.7% | 19.5% | 5.49% | $233M |
| 2025 | 929 | 643 | 13.9% | 16.5% | 5.49% | $251M |
What Union Savings Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 568 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 50 investment properties.
Why Union Savings Bank denies applications
Primary reason reported for each of the 129 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Union Savings Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 51 | 21 | 50.0% |
| $50k – $100k | 224 | 152 | 23.2% |
| $100k – $150k | 212 | 148 | 14.3% |
| $150k – $250k | 217 | 163 | 10.3% |
| Over $250k | 198 | 141 | 7.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 111 | 76 | 14.4% |
| 35–44 | 204 | 140 | 17.1% |
| 45–54 | 171 | 106 | 24.3% |
| 55–64 | 196 | 141 | 14.6% |
| 65–74 | 143 | 107 | 13.7% |
| Over 74 | 75 | 50 | 15.0% |
Where Union Savings Bank lends
2 states and 17 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 916 | 633 | 14.0% | 5.49% | #38 |
| New York | 13 | 10 | 7.7% | 6.04% | #440 |
Frequently asked questions
Union Savings Bank denied 16.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 77th percentile of home-equity (HELOC) lenders.
The most common reason Union Savings Bank gave in 2025 was "debt-to-income ratio", cited on 58.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Union Savings Bank originated in 2025 was 5.49%, and its median rate spread over the average prime offer rate was -1.60 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 31% of its applications were for home purchases, 28% for refinancing (including cash-out), and 41% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.