USAA Federal Savings Bank in South Dakota vs the state
27.2%Denial rate+14.41 pts vs state
36.1%Decision denial rate+20.34 pts vs state
44.4%Origination rate-21.60 pts vs state
6.50%Median rate0.00 pts vs state
-0.20Rate spread (pts)-0.39 pts vs state
$104kMedian applicant income
36Loans originated
22Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 105 | 64 | 16.2% | 6.25% | #43 |
| 2024 | 79 | 40 | 20.3% | 6.25% | #54 |
| 2025 | 81 | 36 | 27.2% | 6.50% | #60 |
What USAA Federal Savings Bank lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most USAA Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 19 | 5 | 7 | 36.8% |
| Minnehaha County | 11 | 6 | 1 | 9.1% |
| Lawrence County | 8 | 2 | 4 | 50.0% |
| Meade County | 6 | 2 | 2 | 33.3% |
| Brown County | 5 | 1 | 3 | 60.0% |
| Lincoln County | 4 | 3 | 0 | 0.0% |
| Clay County | 3 | 1 | 1 | 33.3% |
| Hughes County | 2 | 2 | 0 | 0.0% |
| McCook County | 2 | 1 | 1 | 50.0% |
| Custer County | 2 | 1 | 1 | 50.0% |
Other large lenders in South Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Plains Commerce Bank | B | 2,280 | 5.5% | 6.25% |
| First PREMIER Bank | C | 1,389 | 11.7% | 6.88% |
| First Bank & Trust | C | 1,320 | 11.2% | 6.63% |
| Black Hills Federal Credit Union | D | 1,223 | 23.0% | 7.75% |
| Rocket Mortgage | C | 1,027 | 16.9% | 6.75% |
| CMG Mortgage | A | 919 | 2.3% | 6.38% |
| Bankwest | F | 786 | 14.0% | 7.25% |
| First Dakota National Bank | A | 690 | 4.6% | 6.50% |
| Levo Federal Credit Union | B | 644 | 6.8% | 7.50% |
| U.S. Bank | D | 637 | 24.0% | 6.99% |
Frequently asked questions
South Dakota: 81 applications in 2025, of which 36 were originated and 22 denied.
27.2% of all applications, or 36.1% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans USAA Federal Savings Bank originated in South Dakota in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are USAA Federal Savings Bank's own HMDA filing for properties located in South Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology