Name of the lender

Operating Engineers Federal Credit UnionMortgage rates, total loan costs and denial rate, 2025

HMDA year2025

Years filed2018 to 2025

Head office: Livermore, CA
Reporting agency: National Credit Union Administration (NCUA)
Legal Entity Identifier (LEI)
Earlier names on its filings: Operating Engineers #3 FCU

Figures by state (CSV)

Operating Engineers Federal Credit Union reported 417 mortgage applications in the HMDA data of 2025.

It originated 149 loans in 2025, for $25.3 million in total.

The median interest rate of its loans in 2025 was 6.063%, and the national median was 6.375%.

The median total loan costs of its loans in 2025 were $3,692, and the national median was $6,413.

It denied 27.5% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of Operating Engineers Federal Credit Union, 2025
Figure	This lender	United States
Applications	417Under 0.1% of the US total	11,766,671
Loans originated	149$25.3 million	6,827,891
Median interest rate	6.063%	6.375%
Median total loan costs	$3,692	$6,413
Denial rate	27.5%	22.6%

HMDA data are generally not used alone 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.
The words of the Consumer Financial Protection Bureau (CFPB). Source: Consumer Financial Protection Bureau, Summary of 2023 Data on Mortgage Lending (11 July 2024), copied on 2 Oct 2026. The figures on this page are from the HMDA data of 2025, the snapshot dataset.

Since the last update

No change on record

No tracked figure of this lender has changed since this site started its record. The record compares each update of the HMDA data with the update before it. The record of updates.

PricingMedians of 2025 loans

Interest rate and total loan costs of Operating Engineers Federal Credit Union by loan type, 2025Medians. Each value has the national median of the same loan type under it.
Loan type	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
All loans	50	6.063%US 6.375%	$3,692US $6,413	0.076US 0.161
Conventional	50	6.063%US 6.500%	$3,692US $5,393	0.076US 0.175

Interest rate and total loan costs of Operating Engineers Federal Credit Union by loan purpose, 2025Medians, with the national median under each value.
Loan purpose	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
Cash-out refinancing	25	6.125%US 6.500%	$3,586US $8,095	0.076US 0.376

Parts of the total loan costs of Operating Engineers Federal Credit Union by loan type, 2025Medians, with the national median under each value.
Loan type	Origination charges	Discount points, of the loans with points	Lender credits, of the loans with credits
All loans	$1,350US $2,062	n/aUS $2,823	n/aUS $567
Conventional	$1,350US $1,981	n/aUS $2,588	n/aUS $604

The median rate spread of these loans was 0.076 percentage points above the average prime offer rate (APOR). On a loan of $300,000, that is about $228 more a year, or $19 more a month. The national median spread was 0.161 points.

The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different. What a rate spread is.

Median interest rate by year: Operating Engineers Federal Credit Union and the United States

Operating Engineers Federal Credit UnionUnited States

Action takenHMDA codes and labels

Records of Operating Engineers Federal Credit Union by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	149	35.7%	50.4%
2Application approved but not accepted	1	0.2%	3.1%
3Application denied	57	13.7%	15.6%
4Application withdrawn by applicant	107	25.7%	12.6%
5File closed for incompleteness	103	24.7%	5.1%
6Purchased loan	0	0.0%	11.7%
7Preapproval request denied	0	0.0%	0.4%
8Preapproval request approved but not accepted	0	0.0%	1.1%

The denial rate is code 3 divided by codes 1, 2 and 3: the applications that the lender decided. Codes 4 and 5 are applications with no decision. Code 6 is a loan that the lender bought.

Denial reasonsFirst reason coded

Denials of Operating Engineers Federal Credit Union by the first reason that it coded, 2025
Denial reason	Denials	Share	US share
1Debt-to-income ratio	30	52.6%	32.7%
2Employment history	0	0.0%	0.9%
3Credit history	22	38.6%	25.6%
4Collateral	1	1.8%	13.8%
5Insufficient cash (downpayment, closing costs)	0	0.0%	2.3%
6Unverifiable information	0	0.0%	4.2%
7Credit application incomplete	0	0.0%	12.0%
8Mortgage insurance denied	0	0.0%	0.0%
9Other	4	7.0%	8.5%

A lender can code up to four reasons for a denial. This table counts the first reason only.

Loan types and purposesLoans of 2025

Applications of Operating Engineers Federal Credit Union by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	417	149	27.5%US 23.4%

Applications of Operating Engineers Federal Credit Union by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	154	19	12.8%
Home improvement	4	0	0.0%
Refinancing	23	6	4.0%
Cash-out refinancing	52	25	16.8%
Other purpose	181	99	66.4%

The denial rate of a loan type is the denied applications divided by the decided applications of that type. It is "n/a" under 25 decided applications.

States where it lends2 states with 25 applications or more

Operating Engineers Federal Credit Union by state, 2025In order of the names. A state with 100 applications or more links to the lender's page for the state.
State	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate
California	206	102	6.250%	$3,720	23.9%
Nevada	38	16	n/a	n/a	36.0%

Figures by yearHMDA 2022 to 2025

Operating Engineers Federal Credit Union by HMDA year"n/a" shows a year with fewer than 25 applications, or a year that this site does not process.
Year	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate	Records filed
2025	417	149	6.063%	$3,692	27.5%	417
2024	376	113	n/a	$3,592	39.7%	396
2023	556	120	5.875%	$3,574	52.4%	557
2022	317	275	3.375%	$3,477	3.8%	317
2021	n/a	n/a	n/a	n/a	n/a	368
2020	n/a	n/a	n/a	n/a	n/a	888
2019	n/a	n/a	n/a	n/a	n/a	499
2018	n/a	n/a	n/a	n/a	n/a	274

Records filed is the count on the lender's HMDA transmittal sheet. It includes purchased loans and requests for preapproval.

Denial rate by year: Operating Engineers Federal Credit Union and the United States

Operating Engineers Federal Credit UnionUnited States

Peer lenders12 lenders

These lenders originated a count of loans close to the count of this lender, in the same states. The site compares the applications of each lender by state. The list is not a ranking.

Arixa Enhanced Income Fund, LPPhoenix, AZ
Caltech Employees Federal Credit UnionLa Canada Flintridge, CA
Christian Community Credit UnionSan Dimas, CA
CommonWealth Central Credit UnionSan Jose, CA
Ennkar, Inc.Orange, CA
First Nations Home Finance CorporationSan Diego, CA
Gain Federal Credit UnionBurbank, CA
Provident Savings Bank, F.S.B.Riverside, CA
Sonoma Federal Credit UnionSanta Rosa, CA
USC Credit UnionLos Angeles, CA
Victoria Financial CorpSan Gabriel, CA
Wheelhouse Credit UnionSan Diego, CA

Official channelsLinks checked 2 Oct 2026

HMDA Data Browser (FFIEC and CFPB)The HMDA records of this lender, with a CSV download.
Submit a complaint (Consumer Financial Protection Bureau)The CFPB form for a complaint about a mortgage or a lender.

Cite this page

Page: Lender Register, "Operating Engineers Federal Credit Union: HMDA data, 2025", https://lenderregister.com/lender/254900mhhos58m9d0445-operating-engineers-federal-credit-union/
Lender: Operating Engineers Federal Credit Union, LEI 254900MHHOS58M9D0445
Source: Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025, snapshot dataset
Data date: HMDA year 2025. Page made 2 Oct 2026.

Provenance

The figures come from the public HMDA loan/application register of 2022 to 2025. The count of records filed comes from the transmittal sheets of 2018 to 2025. The FFIEC and the CFPB publish them at ffiec.cfpb.gov. The name, the head office and the agency are from the newest transmittal sheet of the LEI.

This site withholds a figure with fewer than 25 applications and a median with fewer than 20 loans. Method of the figures. Terms. Report an error.

Questions

How many loans did Operating Engineers Federal Credit Union buy from other lenders in 2025?: It reported no purchased loans. HMDA counts a purchased loan apart from the applications, so the denial rate does not include it.
Which denial reasons did Operating Engineers Federal Credit Union code most often in 2025?: The first reasons that it coded most often were debt-to-income ratio (30), credit history (22) and other (4).
In which states did Operating Engineers Federal Credit Union originate the most loans in 2025?: The three states with the most loans were California (102) and Nevada (16). It had 25 applications or more in 2 states.
Which loan types did Operating Engineers Federal Credit Union originate in 2025?: All its loans were of one type: 149 Conventional.