Name of the lender

FORUM Credit UnionMortgage rates, total loan costs and denial rate, 2025

HMDA year2025

Years filed2018 to 2025

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

Figures by state (CSV)

FORUM Credit Union reported 2,162 mortgage applications in the HMDA data of 2025.

It originated 1,423 loans in 2025, for $243 million in total.

The median interest rate of its loans in 2025 was 6.500%, and the national median was 6.375%.

The median total loan costs of its loans in 2025 were $1,974, and the national median was $6,413.

It denied 16.8% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of FORUM Credit Union, 2025
Figure	This lender	United States
Applications	2,162Under 0.1% of the US total	11,766,671
Loans originated	1,423$243 million	6,827,891
Median interest rate	6.500%	6.375%
Median total loan costs	$1,974	$6,413
Denial rate	16.8%	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 FORUM 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	625	6.500%US 6.375%	$1,974US $6,413	−0.032US 0.161
Conventional	598	6.500%US 6.500%	$1,931US $5,393	−0.038US 0.175
FHA-insured	24	6.188%US 6.250%	$6,525US $11,084	0.388US 0.432

Interest rate and total loan costs of FORUM 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	433	6.500%US 6.500%	$1,972US $6,632	−0.007US 0.169
Home improvement	21	6.375%US 6.750%	$2,236US $2,827	0.017US 0.594
Refinancing	65	6.125%US 5.999%	$1,776US $4,883	−0.142US −0.069
Cash-out refinancing	52	6.188%US 6.500%	$1,792US $8,095	−0.050US 0.376
Other purpose	54	6.375%US 6.625%	$2,315US $3,894	0.037US 0.527

Parts of the total loan costs of FORUM 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	$191US $2,062	$607US $2,823	$469US $567
Conventional	$217US $1,981	$587US $2,588	$469US $604
FHA-insured	$0US $2,831	n/aUS $3,270	n/aUS $567

The median rate spread of these loans was 0.032 percentage points below the average prime offer rate (APOR). On a loan of $300,000, that is about $96 less a year, or $8 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: FORUM Credit Union and the United States

FORUM Credit UnionUnited States

Action takenHMDA codes and labels

Records of FORUM Credit Union by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	1,423	62.4%	50.4%
2Application approved but not accepted	11	0.5%	3.1%
3Application denied	290	12.7%	15.6%
4Application withdrawn by applicant	396	17.4%	12.6%
5File closed for incompleteness	42	1.8%	5.1%
6Purchased loan	0	0.0%	11.7%
7Preapproval request denied	120	5.3%	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 FORUM Credit Union by the first reason that it coded, 2025
Denial reason	Denials	Share	US share
1Debt-to-income ratio	136	46.9%	32.7%
2Employment history	2	0.7%	0.9%
3Credit history	113	39.0%	25.6%
4Collateral	17	5.9%	13.8%
5Insufficient cash (downpayment, closing costs)	6	2.1%	2.3%
6Unverifiable information	14	4.8%	4.2%
7Credit application incomplete	0	0.0%	12.0%
8Mortgage insurance denied	0	0.0%	0.0%
9Other	2	0.7%	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 FORUM Credit Union by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	2,103	1,396	16.4%US 23.4%
FHA-insured	53	24	36.8%US 21.8%
VA-guaranteed	6	3	n/aUS 16.2%

Applications of FORUM Credit Union by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	627	439	30.9%
Home improvement	537	369	25.9%
Refinancing	108	70	4.9%
Cash-out refinancing	184	131	9.2%
Other purpose	706	414	29.1%

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

FORUM 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
Indiana	2,147	1,423	6.500%	$1,974	16.6%

Counties of FORUM Credit Union with 50 applications or more, 2025In order of the names. The list has the 8 counties with the most loans of the lender.
County	Applications	Loans originated	Amount	Denial rate
Boone County, IN	57	39	$9.1 million	15.2%
Hamilton County, IN	483	354	$69.0 million	9.6%
Hancock County, IN	146	103	$23.2 million	15.6%
Hendricks County, IN	151	97	$14.8 million	23.4%
Johnson County, IN	178	119	$16.9 million	15.5%
Madison County, IN	68	50	$8.5 million	13.8%
Marion County, IN	765	477	$68.2 million	20.7%
Morgan County, IN	57	33	$7.4 million	15.0%

Figures by yearHMDA 2022 to 2025

FORUM 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	2,162	1,423	6.500%	$1,974	16.8%	2,282
2024	1,893	1,205	6.500%	$1,886	17.6%	2,041
2023	2,047	1,259	6.500%	$1,865	21.3%	2,192
2022	2,740	1,717	4.375%	$1,906	13.1%	2,886
2021	n/a	n/a	n/a	n/a	n/a	3,966
2020	n/a	n/a	n/a	n/a	n/a	4,874
2019	n/a	n/a	n/a	n/a	n/a	3,211
2018	n/a	n/a	n/a	n/a	n/a	2,451

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

Denial rate by year: FORUM Credit Union and the United States

FORUM 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.

1st Source BankSouth Bend, IN
Centier BankMerrillville, IN
Diamond Residential Mtg CorpLake Forest, IL
Elements Financial Federal CreIndianapolis, IN
First Federal Savings BankRochester, IN
First Financial Bank NATerre Haute, IN
Lake City BankWarsaw, IN
Merchants Bank of IndianaCarmel, IN
MJW Financial LLC DBA MJW MortgageIndianapolis, IN
Notre Dame Federal Credit UnionNotre Dame, IN
Purdue Federal CuWest Lafayette, IN
Wolfe Financial IncAsheboro, NC

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, "FORUM Credit Union mortgage rates and denial rate, 2025", https://lenderregister.com/lender/549300s4pnxpkyhhre82-forum-credit-union/
Lender: FORUM Credit Union, LEI 549300S4PNXPKYHHRE82
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 FORUM 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 FORUM Credit Union code most often in 2025?: The first reasons that it coded most often were debt-to-income ratio (136), credit history (113) and collateral (17).
In which states did FORUM Credit Union originate the most loans in 2025?: It had 25 applications or more in one state only: Indiana, with 1,423 loans originated.
Which loan types did FORUM Credit Union originate in 2025?: 1,396 conventional, 24 FHA and 3 VA.