Veridian Credit Union · Minnesota · 2025

Veridian Credit Union in Minnesota: approval rate, denial rate and rates (2025)

Veridian Credit Union took 605 mortgage applications in Minnesota in 2025, ranking #70 of 870 lenders active in the state. It originated 66.5% of them and denied 10.1% (12.9% of the applications it decided), against a statewide denial rate of 13.6%.

605Applicationsin MN
12.9%Decision denial ratestate 16.4%
6.74%Median ratestate 6.63%
$105,000Median loanstate $215,000
$65MVolume47 counties

Veridian Credit Union in Minnesota vs the state

10.1%Denial rate-3.52 pts vs state
12.9%Decision denial rate-3.43 pts vs state
66.5%Origination rate+0.08 pts vs state
6.74%Median rate+0.12 pts vs state
-0.28Rate spread (pts)-0.53 pts vs state
$146kMedian applicant income
402Loans originated
61Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232922349.9%8.00%#97
202449429616.2%7.50%#78
202560540210.1%6.74%#70

What Veridian Credit Union lends in Minnesota

By loan purpose

Home purchase 138 23% · 2.2% denied
Refinance 111 18% · 6.3% denied
Cash-out refinance 12 2% · 8.3% denied
Home improvement 169 28% · 11.8% denied
Other / HELOC 175 29% · 17.1% denied

By loan type

Conventional 602 100% · 10.1% denied
VA 3 0% · 0.0% denied

Why it denied Minnesota applicants

Debt-to-income ratio 34 56%
Credit history 24 39%
Collateral 2 3%
Employment history 1 2%

Where in Minnesota

Counties with the most Veridian Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 21414824 11.2%
Dakota County 66455 7.6%
Anoka County 46276 13.0%
Washington County 41242 4.9%
Wright County 34312 5.9%
Carver County 31185 16.1%
Ramsey County 29194 13.8%
Scott County 27163 11.1%
Mower County 1382 15.4%
Sherburne County 1071 10.0%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Affinity PlusC 5,43814.6%6.63%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%

Frequently asked questions

Minnesota: 605 applications in 2025, of which 402 were originated and 61 denied.

10.1% of all applications, or 12.9% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Veridian Credit Union originated in Minnesota in 2025 was 6.74%, against a statewide median of 6.63%.

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