Y-12 Federal 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 C 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%
19th34.4% deniedPricingmedian rate spread over APOR, weight 30%
40th0.26 ptsProcesswithdrawn + incomplete share, weight 15%
68th9.5%Closing coststotal loan costs ÷ loan amount, weight 10%
17th4.70% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,696 | 1,175 | 22.2% | 24.1% | 7.49% | $163M |
| 2024 | 1,805 | 1,252 | 19.0% | 21.2% | 8.25% | $180M |
| 2025 | 1,686 | 988 | 31.1% | 34.4% | 7.25% | $193M |
What Y-12 Federal 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: 1,258 home-equity lines, 0 reverse mortgages, 80 manufactured homes, 110 investment properties.
Why Y-12 Federal Credit Union denies applications
Primary reason reported for each of the 525 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Y-12 Federal 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 | 226 | 91 | 54.6% |
| $50k – $100k | 566 | 302 | 39.9% |
| $100k – $150k | 416 | 249 | 33.2% |
| $150k – $250k | 308 | 222 | 19.6% |
| Over $250k | 94 | 57 | 30.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 37 | 18 | 40.0% |
| 25–34 | 259 | 138 | 40.8% |
| 35–44 | 376 | 218 | 36.5% |
| 45–54 | 374 | 215 | 38.4% |
| 55–64 | 345 | 203 | 32.0% |
| 65–74 | 166 | 102 | 26.1% |
| Over 74 | 71 | 41 | 33.9% |
Where Y-12 Federal Credit Union lends
9 states and 51 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Y-12 Federal Credit Union denied 34.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 19th percentile of home-equity (HELOC) lenders.
The most common reason Y-12 Federal Credit Union gave in 2025 was "credit history", cited on 32.2% 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 Y-12 Federal Credit Union originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 0.26 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 16% of its applications were for home purchases, 30% for refinancing (including cash-out), and 54% 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.