Lenders › AAC Credit Union › Michigan
AAC Credit Union in Michigan
HMDA record for properties in Michigan, calendar year 2024. National record · Michigan overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In Michigan, AAC Credit Union reported 155 applications and 135 originations for 2024, $13m in all.
Its denial rate in the state was 8.2%, below the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 8.2%.
The median rate spread on its Michigan originations was 1.8 percentage points (state median 0.5).
Applications in the state were down 9% on 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | AAC Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 8.2% | 23.9% | 8.2% | 24.3% |
| Median rate spread, pp | 1.8 | 0.5 | 1.8 | 0.3 |
| Originations with spread of 1.5 pp or more | 63.0% | 18.4% | 63.0% | 15.6% |
| Average originated loan | $95k | $212k | $95k | $329k |
| Home purchase share | 16.3% | 51.2% | 16.3% | 57.0% |
| FHA-insured share | 0.0% | 10.0% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 4.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home purchase 16% (22)Home improvement 20% (27)Refinancing 1% (2)Cash-out refinancing 26% (35)Other purpose 36% (49)
By type
Conventional 100% (135)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in Michigan
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Ottawa County | 54 | 46 | $4.8m | 6.1% |
| Kent County | 46 | 41 | $4.3m | 6.8% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did AAC Credit Union originate in Michigan in 2024?
135 loans totalling $13m, from 155 applications reported for properties in Michigan.
What is AAC Credit Union's denial rate in Michigan?
8.2% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 8.2% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Michigan counties does AAC Credit Union lend in most?
By originations: Ottawa County (46), Kent County (41).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Michigan. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.