Wings Financial Credit Union · Minnesota · 2025

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

Wings Financial Credit Union took 3,960 mortgage applications in Minnesota in 2025, ranking #8 of 870 lenders active in the state. It originated 65.5% of them and denied 16.4% (17.4% of the applications it decided), against a statewide denial rate of 13.6%.

4.0kApplicationsin MN
17.4%Decision denial ratestate 16.4%
7.25%Median ratestate 6.63%
$105,000Median loanstate $215,000
$554MVolume63 counties

Wings Financial Credit Union in Minnesota vs the state

16.4%Denial rate+2.76 pts vs state
17.4%Decision denial rate+1.09 pts vs state
65.5%Origination rate-0.86 pts vs state
7.25%Median rate+0.63 pts vs state
0.01Rate spread (pts)-0.24 pts vs state
$126kMedian applicant income
2,594Loans originated
648Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,0762,68513.2%7.50%#7
20243,6882,21820.0%8.25%#7
20253,9602,59416.4%7.25%#8

What Wings Financial Credit Union lends in Minnesota

By loan purpose

Home purchase 930 23% · 4.6% denied
Refinance 460 12% · 15.9% denied
Cash-out refinance 151 4% · 16.6% denied
Home improvement 1,373 35% · 16.5% denied
Other / HELOC 1,046 26% · 26.8% denied

By loan type

Conventional 3,960 100% · 16.4% denied

Why it denied Minnesota applicants

Debt-to-income ratio 267 41%
Credit history 223 34%
Collateral 77 12%
Other 66 10%
Unverifiable information 10 2%
Employment history 5 1%

Where in Minnesota

Counties with the most Wings Financial Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 1,338858230 17.2%
Dakota County 779534102 13.1%
Anoka County 30118761 20.3%
Scott County 29218252 17.8%
Ramsey County 25715060 23.3%
Washington County 20214521 10.4%
Carver County 16711822 13.2%
Wright County 1248125 20.2%
Sherburne County 735512 16.4%
Crow Wing County 61429 14.8%

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%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%
Broker SolutionsD 3,2465.5%6.75%

Frequently asked questions

Minnesota: 3,960 applications in 2025, of which 2,594 were originated and 648 denied.

16.4% of all applications, or 17.4% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Wings Financial Credit Union originated in Minnesota in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are Wings Financial 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