Lenders › TruChoice Federal Credit Union › Maine
TruChoice Federal Credit Union in Maine
HMDA record for properties in Maine, calendar year 2024. National record · Maine 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.
TruChoice Federal Credit Union's 2024 HMDA record for Maine covers 338 applications, 225 of them originated, worth $21m.
Its denial rate in the state was 8.8%, below the Maine rate of 20.9% across all lenders and compared with the lender's national rate of 10.0%.
The median rate spread on its Maine originations was 1.1 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 Maine | Maine, all lenders | TruChoice Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 8.8% | 20.9% | 10.0% | 24.3% |
| Median rate spread, pp | 1.1 | 0.4 | 1.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 42.5% | 16.1% | 42.5% | 15.6% |
| Average originated loan | $91k | $263k | $91k | $329k |
| Home purchase share | 6.7% | 49.0% | 6.7% | 57.0% |
| FHA-insured share | 0.0% | 8.7% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 6.3% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMaine, all lenders
Loan purpose and loan type in Maine
By purpose
Home purchase 7% (15)Home improvement 44% (99)Refinancing 8% (17)Cash-out refinancing 2% (4)Other purpose 40% (90)
By type
Conventional 100% (225)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in Maine
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Cumberland County | 156 | 114 | $11m | 6.5% |
| York County | 108 | 81 | $6.7m | 4.6% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did TruChoice Federal Credit Union originate in Maine in 2024?
225 loans totalling $21m, from 338 applications reported for properties in Maine.
What is TruChoice Federal Credit Union's denial rate in Maine?
8.8% of decided applications in Maine were denied, against 20.9% for all lenders in the state and 10.0% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Maine counties does TruChoice Federal Credit Union lend in most?
By originations: Cumberland County (114), York County (81).
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 Maine. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.