Name of the lender

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

HMDA year2025

Years filed2018 to 2025

Head office: Fitchburg, MA
Reporting agency: National Credit Union Administration (NCUA)
Legal Entity Identifier (LEI)

Figures by state (CSV)

IC Federal Credit Union reported 206 mortgage applications in the HMDA data of 2025.

It originated 119 loans in 2025, for $28.2 million in total.

The median interest rate of its loans in 2025 was 6.000%, and the national median was 6.375%.

The median total loan costs of its loans in 2025 were $2,984, and the national median was $6,413.

It denied 28.2% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of IC Federal Credit Union, 2025
Figure	This lender	United States
Applications	206Under 0.1% of the US total	11,766,671
Loans originated	119$28.2 million	6,827,891
Median interest rate	6.000%	6.375%
Median total loan costs	$2,984	$6,413
Denial rate	28.2%	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 IC 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	57	6.000%US 6.375%	$2,984US $6,413	−0.438US 0.161
Conventional	57	6.000%US 6.500%	$2,984US $5,393	−0.438US 0.175

Interest rate and total loan costs of IC 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
Home purchase	39	5.990%US 6.500%	$2,984US $6,632	−0.637US 0.169

Parts of the total loan costs of IC 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	$300US $2,062	n/aUS $2,823	n/aUS $567
Conventional	$300US $1,981	n/aUS $2,588	n/aUS $604

The median rate spread of these loans was 0.438 percentage points below the average prime offer rate (APOR). On a loan of $300,000, that is about $1,314 less a year, or $110 less 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: IC Federal Credit Union and the United States

IC Federal Credit UnionUnited States

Action takenHMDA codes and labels

Records of IC Federal Credit Union by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	119	42.5%	50.4%
2Application approved but not accepted	6	2.1%	3.1%
3Application denied	49	17.5%	15.6%
4Application withdrawn by applicant	30	10.7%	12.6%
5File closed for incompleteness	2	0.7%	5.1%
6Purchased loan	0	0.0%	11.7%
7Preapproval request denied	47	16.8%	0.4%
8Preapproval request approved but not accepted	27	9.6%	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 IC Federal Credit Union by the first reason that it coded, 2025
Denial reason	Denials	Share	US share
1Debt-to-income ratio	31	63.3%	32.7%
2Employment history	0	0.0%	0.9%
3Credit history	13	26.5%	25.6%
4Collateral	2	4.1%	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	3	6.1%	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 IC Federal Credit Union by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	206	119	28.2%US 23.4%

Applications of IC Federal Credit Union by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	68	44	37.0%
Home improvement	48	23	19.3%
Refinancing	10	6	5.0%
Cash-out refinancing	53	33	27.7%
Other purpose	27	13	10.9%

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 lends1 state with 25 applications or more

IC 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
Massachusetts	206	119	6.000%	$2,984	28.2%

Counties of IC Federal Credit Union with 50 applications or more, 2025In order of the names. The list has the 1 counties with the most loans of the lender.
County	Applications	Loans originated	Amount	Denial rate
Worcester County, MA	180	106	$25.4 million	27.9%

Figures by yearHMDA 2022 to 2025

IC 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	206	119	6.000%	$2,984	28.2%	280
2024	198	106	6.875%	$3,265	37.9%	211
2023	267	151	7.000%	$2,397	35.8%	267
2022	395	222	4.000%	$2,578	31.5%	395
2021	n/a	n/a	n/a	n/a	n/a	567
2020	n/a	n/a	n/a	n/a	n/a	598
2019	n/a	n/a	n/a	n/a	n/a	489
2018	n/a	n/a	n/a	n/a	n/a	426

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

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

IC 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.

Arrha Credit UnionSpringfield, MA
Cape Ann Savings BankGloucester, MA
Dean Cooperative BankFranklin, MA
Fall River Municipal Credit UnFall River, MA
Hingham Institution for SavingsHingham, MA
Lee BankLee, MA
Liberty Bay Credit UnionBraintree, MA
New Bedford Credit UnionNew Bedford, MA
Pentucket BankHaverhill, MA
Quincy Credit UnionQuincy, MA
Reading Cooperative BankReading, MA
Ross Mortgage CompanyWestborough, MA

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, "IC Federal Credit Union mortgage rates and denial rate, 2025", https://lenderregister.com/lender/5493007ispbrcrinid86-ic-federal-credit-union/
Lender: IC Federal Credit Union, LEI 5493007ISPBRCRINID86
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 IC 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 IC Federal Credit Union code most often in 2025?: The first reasons that it coded most often were debt-to-income ratio (31), credit history (13) and other (3).
In which states did IC Federal Credit Union originate the most loans in 2025?: It had 25 applications or more in one state only: Massachusetts, with 119 loans originated.
Which loan types did IC Federal Credit Union originate in 2025?: All its loans were of one type: 119 Conventional.