Lenders › New Bedford Credit Union › Massachusetts
New Bedford Credit Union in Massachusetts
HMDA record for properties in Massachusetts, calendar year 2024. National record · Massachusetts 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 Massachusetts, New Bedford Credit Union reported 127 applications and 85 originations for 2024, $7.4m in all.
Its denial rate in the state was 26.4%, above the Massachusetts rate of 22.3% across all lenders and compared with the lender's national rate of 25.2%.
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Massachusetts | Massachusetts, all lenders | New Bedford Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 26.4% | 22.3% | 25.2% | 24.3% |
| Median rate spread, pp | — | 0.2 | — | 0.3 |
| Originations with spread of 1.5 pp or more | — | 11.9% | — | 15.6% |
| Average originated loan | $87k | $432k | $91k | $329k |
| Home purchase share | 8.2% | 50.7% | 8.9% | 57.0% |
| FHA-insured share | 0.0% | 7.5% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 2.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMassachusetts, all lenders
Loan purpose and loan type in Massachusetts
By purpose
Home purchase 8% (7)Home improvement 21% (18)Refinancing 33% (28)Cash-out refinancing 1% (1)Other purpose 36% (31)
By type
Conventional 100% (85)
Denial reasons as coded
Share of 33 denials in Massachusetts by first denial reason coded (outlined bar: all lenders in the state).
Counties in Massachusetts
No county in the state reaches 25 applications.
Questions and answers
How many mortgages did New Bedford Credit Union originate in Massachusetts in 2024?
85 loans totalling $7.4m, from 127 applications reported for properties in Massachusetts.
What is New Bedford Credit Union's denial rate in Massachusetts?
26.4% of decided applications in Massachusetts were denied, against 22.3% for all lenders in the state and 25.2% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Massachusetts counties does New Bedford Credit Union lend in most?
No county in the state reaches 25 applications.
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 Massachusetts. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.