Lenders › Elevation Credit Union › Colorado
Elevation Credit Union in Colorado
HMDA record for properties in Colorado, calendar year 2024. National record · Colorado 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.
Elevation Credit Union's 2024 HMDA record for Colorado covers 4,474 applications, 2,938 of them originated, worth $1.1bn.
Its denial rate in the state was 18.1%, below the Colorado rate of 21.6% across all lenders and compared with the lender's national rate of 18.4%.
The median rate spread on its Colorado originations was 0.4 percentage points (state median 0.3).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Colorado | Colorado, all lenders | Elevation Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 18.1% | 21.6% | 18.4% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 15.7% | 14.7% | 15.7% | 15.6% |
| Average originated loan | $373k | $416k | $373k | $329k |
| Home purchase share | 51.3% | 55.7% | 51.3% | 57.0% |
| FHA-insured share | 1.5% | 12.3% | 1.5% | 13.4% |
| VA-guaranteed share | 1.2% | 9.7% | 1.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateColorado, all lenders
Loan purpose and loan type in Colorado
By purpose
Home purchase 51% (1,507)Home improvement 12% (340)Refinancing 6% (162)Cash-out refinancing 22% (659)Other purpose 9% (270)
By type
Conventional 97% (2,859)FHA 1% (44)VA 1% (35)
Denial reasons as coded
Share of 662 denials in Colorado by first denial reason coded (outlined bar: all lenders in the state).
Counties in Colorado
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Boulder County | 1,686 | 1,116 | $399m | 17.6% |
| Larimer County | 603 | 382 | $99m | 21.3% |
| Denver County | 394 | 288 | $148m | 10.7% |
| Jefferson County | 385 | 277 | $123m | 12.1% |
| Weld County | 429 | 253 | $66m | 28.8% |
| Adams County | 284 | 178 | $55m | 17.6% |
| Broomfield County | 150 | 108 | $43m | 16.0% |
| Arapahoe County | 143 | 95 | $45m | 10.7% |
| Douglas County | 100 | 66 | $35m | 14.8% |
| Eagle County | 43 | 27 | $27m | 15.2% |
| Grand County | 37 | 22 | $13m | — |
| El Paso County | 36 | 20 | $5.6m | 27.6% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Elevation Credit Union originate in Colorado in 2024?
2,938 loans totalling $1.1bn, from 4,474 applications reported for properties in Colorado.
What is Elevation Credit Union's denial rate in Colorado?
18.1% of decided applications in Colorado were denied, against 21.6% for all lenders in the state and 18.4% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Colorado counties does Elevation Credit Union lend in most?
By originations: Boulder County (1,116), Larimer County (382), Denver County (288), Jefferson County (277), Weld County (253).
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 Colorado. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.