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Local Gov't Federal C U in North Carolina

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

LEI 549300SJTLYB6ZWKPR88
Reporting agency National Credit Union Administration
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.

In North Carolina, Local Gov't Federal C U reported 3,300 applications and 1,545 originations for 2024, $146m in all.

Its denial rate in the state was 42.0%, above the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 41.9%.

The median rate spread on its North Carolina originations was 0.8 percentage points (state median 0.2).

Applications in the state were down 46% on 2023.

3,300applications in NC, 202497.0% of the lender's total
1,545loans originated$146m
42.0%denial rateNC all lenders 24.0%
0.8 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersLocal Gov't Federal C U, all statesUnited States
Denial rate42.0%24.0%41.9%24.3%
Median rate spread, pp0.80.20.80.3
Originations with spread of 1.5 pp or more3.8%11.8%3.9%15.6%
Average originated loan$95k$299k$96k$329k
Home purchase share13.9%56.3%14.3%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

04,2218,4422022: 8,442 Applications2023: 6,096 Applications2024: 3,300 Applications2022: 5,765 Originations2023: 3,722 Originations2024: 1,545 Originations202220232024
Local Gov't Federal C U in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%21%42%2022: 18.8% This lender in state2023: 27.4% This lender in state2024: 42% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 14% (215)Home improvement 37% (571)Refinancing 21% (325)Cash-out refinancing 2% (26)Other purpose 26% (408)

By type

Conventional 100% (1,545)

Denial reasons as coded

Debt-to-income ratio54.7%
Credit history36.1%
Collateral7.5%
Other0.8%
Employment history0.6%
Unverifiable information0.3%
Insufficient cash (downpayment, closing costs)0%
Credit application incomplete0%
Mortgage insurance denied0%

Share of 1,144 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Wake County17995$9.4m31.4%
Mecklenburg County15165$6.5m46.5%
Pitt County13553$4.6m50.9%
Guilford County10651$5.3m44.0%
Johnston County9850$4.3m38.1%
Davidson County8550$3.7m31.5%
Brunswick County8447$4.9m34.7%
Iredell County8844$4.8m34.3%
Gaston County9043$3.7m38.4%
Cabarrus County8343$4.9m37.1%
Catawba County7442$4.5m32.8%
Union County9141$4.0m46.8%
Rowan County7941$3.4m35.3%
Forsyth County6936$3.2m37.9%
Buncombe County5631$3.1m28.3%
Henderson County6529$2.5m46.4%
Wilkes County5529$2.8m40.8%
Randolph County6228$2.9m42.9%
Harnett County5627$2.9m37.0%
Durham County6525$2.1m57.6%
Cleveland County4324$1.8m35.1%
Nash County5622$1.9m52.2%
Alamance County3922$1.7m24.1%
New Hanover County4021$1.9m40.0%
Lincoln County4120$2.7m33.3%
Robeson County4120$1.5m41.7%
Dare County3520$2.2m31.0%
Stanly County4519$2.0m45.9%
Surry County3519$1.5m38.7%
Rutherford County4416$1.9m52.9%
Caldwell County3816$1.8m48.4%
Rockingham County3716$1.4m40.7%
Moore County3216$1.1m32.0%
Wayne County3514$810k48.3%
Franklin County3414$1.3m—
Wilson County3214$1.5m46.2%
Edgecombe County3113$825k55.2%
Carteret County2613$1.5m—
Pender County2513$1.9m—
Cumberland County3212$790k55.6%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Local Gov't Federal C U originate in North Carolina in 2024?

1,545 loans totalling $146m, from 3,300 applications reported for properties in North Carolina.

What is Local Gov't Federal C U's denial rate in North Carolina?

42.0% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 41.9% 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 Local Gov't Federal C U lend in most?

By originations: Wake County (95), Mecklenburg County (65), Pitt County (53), Guilford County (51), Johnston County (50).

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 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.