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State Employees' Credit Union in North Carolina

HMDA record for properties in North Carolina, calendar year 2024. National record · North Carolina overview

LEI 549300SHE1JTCOWBP090
Reporting agency Consumer Financial Protection Bureau
State North Carolina

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.

State Employees' Credit Union's 2024 HMDA record for North Carolina covers 45,025 applications, 27,195 of them originated, worth $4.5bn.

Its denial rate in the state was 28.0%, above the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 27.9%.

The median rate spread on its North Carolina originations was -0.6 percentage points (state median 0.2).

Applications in the state were down 13% on 2023.

45,025applications in NC, 202496.8% of the lender's total
27,195loans originated$4.5bn
28.0%denial rateNC all lenders 24.0%
-0.6 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersState Employees' Credit Union, all statesUnited States
Denial rate28.0%24.0%27.9%24.3%
Median rate spread, pp-0.60.2-0.60.3
Originations with spread of 1.5 pp or more0.0%11.8%0.0%15.6%
Average originated loan$164k$299k$166k$329k
Home purchase share33.4%56.3%34.2%57.0%
FHA-insured share0.0%11.8%0.0%13.4%
VA-guaranteed share0.0%11.8%0.0%7.9%

Trend by year

ApplicationsOriginations

032022.564,0452022: 64,045 Applications2023: 51,589 Applications2024: 45,025 Applications2022: 44,122 Originations2023: 33,002 Originations2024: 27,195 Originations202220232024
State Employees' Credit Union in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%14%28%2022: 17.3% This lender in state2023: 23.3% This lender in state2024: 28% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 33% (9,089)Home improvement 27% (7,398)Refinancing 17% (4,525)Cash-out refinancing 5% (1,317)Other purpose 18% (4,866)

By type

Conventional 100% (27,195)

Denial reasons as coded

Debt-to-income ratio59%
Credit history29.4%
Collateral9.4%
Other1.2%
Employment history0.5%
Unverifiable information0.4%
Insufficient cash (downpayment, closing costs)0.1%
Credit application incomplete0%
Mortgage insurance denied0%

Share of 10,685 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Wake County5,5113,424$688m26.1%
Guilford County2,4231,424$218m30.7%
Mecklenburg County2,1411,220$210m32.4%
Johnston County1,6931,043$163m28.3%
Durham County1,405834$142m29.3%
Forsyth County1,319821$119m26.4%
Alamance County1,149697$110m28.3%
Pitt County957599$83m26.5%
Buncombe County943594$106m24.4%
Cabarrus County886572$87m25.1%
New Hanover County895559$121m25.4%
Catawba County766523$77m19.9%
Davidson County787520$74m20.7%
Gaston County782482$78m25.5%
Orange County730482$98m18.4%
Burke County728471$65m20.0%
Rowan County737469$67m25.9%
Iredell County737453$71m25.1%
Brunswick County725445$102m27.5%
Union County693423$70m28.2%
Randolph County676420$62m25.8%
Harnett County676392$63m31.1%
Caldwell County547368$55m19.5%
Stanly County609363$57m28.7%
Wayne County658349$45m37.1%
Cleveland County504338$47m20.6%
Chatham County463322$73m19.0%
Franklin County593319$51m37.1%
Carteret County458313$78m20.2%
Cumberland County579309$37m36.0%
Wilson County530309$38m33.4%
Nash County571308$41m36.3%
Rockingham County447274$35m27.4%
Henderson County435267$50m29.3%
Surry County367253$34m18.0%
Moore County435247$33m25.1%
Wilkes County379245$40m21.0%
Rutherford County364222$33m25.3%
Craven County364219$31m30.2%
Lincoln County326217$35m21.6%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did State Employees' Credit Union originate in North Carolina in 2024?

27,195 loans totalling $4.5bn, from 45,025 applications reported for properties in North Carolina.

What is State Employees' Credit Union's denial rate in North Carolina?

28.0% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 27.9% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which North Carolina counties does State Employees' Credit Union lend in most?

By originations: Wake County (3,424), Guilford County (1,424), Mecklenburg County (1,220), Johnston County (1,043), Durham County (834).

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 North Carolina. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.