Lenders › St. Cloud Financial Credit Union › Minnesota
St. Cloud Financial Credit Union in Minnesota
HMDA record for properties in Minnesota, calendar year 2024. National record · Minnesota 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 Minnesota, St. Cloud Financial Credit Union reported 370 applications and 320 originations for 2024, $53m in all.
Its denial rate in the state was 5.9%, below the Minnesota rate of 16.9% across all lenders and compared with the lender's national rate of 6.1%.
The median rate spread on its Minnesota originations was 0.6 percentage points (state median 0.4).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Minnesota | Minnesota, all lenders | St. Cloud Financial Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 5.9% | 16.9% | 6.1% | 24.3% |
| Median rate spread, pp | 0.6 | 0.4 | 0.6 | 0.3 |
| Originations with spread of 1.5 pp or more | 21.6% | 13.2% | 21.9% | 15.6% |
| Average originated loan | $166k | $269k | $166k | $329k |
| Home purchase share | 36.9% | 60.9% | 36.8% | 57.0% |
| FHA-insured share | 0.0% | 7.9% | 0.0% | 13.4% |
| VA-guaranteed share | 1.6% | 4.6% | 1.6% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMinnesota, all lenders
Loan purpose and loan type in Minnesota
By purpose
Home purchase 37% (118)Home improvement 1% (4)Refinancing 4% (13)Cash-out refinancing 58% (185)
By type
Conventional 98% (313)VA 2% (5)USDA 1% (2)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in Minnesota
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Stearns County | 176 | 150 | $25m | 6.3% |
| Benton County | 66 | 58 | $8.6m | 9.4% |
| Sherburne County | 38 | 36 | $4.0m | 0.0% |
| Wright County | 25 | 20 | $3.9m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did St. Cloud Financial Credit Union originate in Minnesota in 2024?
320 loans totalling $53m, from 370 applications reported for properties in Minnesota.
What is St. Cloud Financial Credit Union's denial rate in Minnesota?
5.9% of decided applications in Minnesota were denied, against 16.9% for all lenders in the state and 6.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Minnesota counties does St. Cloud Financial Credit Union lend in most?
By originations: Stearns County (150), Benton County (58), Sherburne County (36), Wright County (20).
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 Minnesota. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.