Westerra Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
37th29.1% deniedPricingmedian rate spread over APOR, weight 30%
14th0.76 ptsProcesswithdrawn + incomplete share, weight 15%
29th16.5%Closing coststotal loan costs ÷ loan amount, weight 10%
61st2.76% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,644 | 941 | 25.9% | 29.1% | 8.99% | $214M |
| 2024 | 1,463 | 880 | 20.6% | 24.6% | 9.24% | $205M |
| 2025 | 1,659 | 931 | 24.3% | 29.1% | 7.99% | $220M |
What Westerra Credit Union 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: 1,219 home-equity lines, 0 reverse mortgages, 8 manufactured homes, 54 investment properties.
Why Westerra Credit Union denies applications
Primary reason reported for each of the 403 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Westerra Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 142 | 53 | 55.0% |
| $50k – $100k | 433 | 219 | 36.6% |
| $100k – $150k | 364 | 202 | 28.4% |
| $150k – $250k | 390 | 267 | 16.2% |
| Over $250k | 312 | 182 | 22.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 141 | 55 | 45.6% |
| 35–44 | 358 | 177 | 32.7% |
| 45–54 | 398 | 244 | 23.2% |
| 55–64 | 341 | 205 | 28.5% |
| 65–74 | 269 | 164 | 26.0% |
| Over 74 | 143 | 84 | 27.4% |
Where Westerra Credit Union lends
15 states and 55 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Colorado | 1,640 | 931 | 23.5% | 7.99% | #37 |
Frequently asked questions
Westerra Credit Union denied 29.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 37th percentile of home-equity (HELOC) lenders.
The most common reason Westerra Credit Union gave in 2025 was "debt-to-income ratio", cited on 48.6% 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 Westerra Credit Union originated in 2025 was 7.99%, and its median rate spread over the average prime offer rate was 0.76 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 17% of its applications were for home purchases, 30% for refinancing (including cash-out), and 53% 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.