Lenders › Lake Michigan Credit Union › Michigan
Lake Michigan Credit Union in Michigan
HMDA record for properties in Michigan, calendar year 2024. National record · Michigan 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 Michigan, Lake Michigan Credit Union reported 14,297 applications and 10,918 originations for 2024, $2.7bn in all.
Its denial rate in the state was 9.1%, below the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 9.6%.
The median rate spread on its Michigan originations was 0.1 percentage points (state median 0.5).
Applications in the state were up 8% on 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | Lake Michigan Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 9.1% | 23.9% | 9.6% | 24.3% |
| Median rate spread, pp | 0.1 | 0.5 | 0.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 10.5% | 18.4% | 9.8% | 15.6% |
| Average originated loan | $250k | $212k | $277k | $329k |
| Home purchase share | 55.9% | 51.2% | 57.9% | 57.0% |
| FHA-insured share | 2.3% | 10.0% | 2.2% | 13.4% |
| VA-guaranteed share | 0.8% | 4.5% | 0.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home purchase 56% (6,105)Home improvement 20% (2,178)Refinancing 12% (1,303)Cash-out refinancing 2% (264)Other purpose 10% (1,068)
By type
Conventional 97% (10,576)FHA 2% (253)VA 1% (86)USDA 0% (3)
Denial reasons as coded
Share of 1,132 denials in Michigan by first denial reason coded (outlined bar: all lenders in the state).
Counties in Michigan
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Kent County | 4,620 | 3,467 | $746m | 10.3% |
| Ottawa County | 2,216 | 1,764 | $400m | 7.0% |
| Oakland County | 1,166 | 898 | $356m | 7.4% |
| Muskegon County | 987 | 754 | $132m | 10.7% |
| Kalamazoo County | 679 | 527 | $118m | 8.7% |
| Allegan County | 526 | 409 | $90m | 9.1% |
| Wayne County | 522 | 385 | $110m | 8.1% |
| Washtenaw County | 332 | 271 | $124m | 6.5% |
| Macomb County | 307 | 237 | $81m | 6.9% |
| Grand Traverse County | 297 | 237 | $72m | 9.1% |
| Livingston County | 274 | 216 | $83m | 7.0% |
| Barry County | 225 | 170 | $37m | 14.4% |
| Saginaw County | 159 | 124 | $22m | 7.4% |
| Newaygo County | 165 | 120 | $22m | 11.4% |
| Van Buren County | 144 | 110 | $25m | 5.1% |
| Genesee County | 133 | 105 | $27m | 6.1% |
| Ionia County | 139 | 99 | $16m | 19.5% |
| Montcalm County | 132 | 82 | $14m | 18.9% |
| Leelanau County | 104 | 78 | $33m | 6.9% |
| Ingham County | 80 | 55 | $12m | 5.0% |
| Oceana County | 69 | 51 | $14m | 11.9% |
| Berrien County | 70 | 50 | $16m | 9.1% |
| Calhoun County | 66 | 47 | $9.2m | 13.8% |
| Mecosta County | 57 | 47 | $11m | 4.0% |
| Benzie County | 59 | 46 | $15m | 9.8% |
| Antrim County | 48 | 41 | $15m | 2.4% |
| Lapeer County | 45 | 36 | $11m | 7.7% |
| Charlevoix County | 50 | 35 | $10m | 11.9% |
| St. Clair County | 41 | 35 | $9.9m | 5.4% |
| St. Joseph County | 40 | 32 | $4.8m | 11.1% |
| Clinton County | 34 | 27 | $7.3m | 6.9% |
| Bay County | 33 | 23 | $4.0m | 4.0% |
| Mason County | 29 | 23 | $6.8m | 7.7% |
| Manistee County | 26 | 22 | $5.4m | — |
| Lake County | 28 | 21 | $3.6m | — |
| Emmet County | 27 | 20 | $9.1m | — |
| Monroe County | 25 | 20 | $6.4m | — |
| Roscommon County | 28 | 16 | $4.8m | — |
| Wexford County | 27 | 16 | $3.5m | — |
| Eaton County | 25 | 14 | $2.5m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lake Michigan Credit Union originate in Michigan in 2024?
10,918 loans totalling $2.7bn, from 14,297 applications reported for properties in Michigan.
What is Lake Michigan Credit Union's denial rate in Michigan?
9.1% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 9.6% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Michigan counties does Lake Michigan Credit Union lend in most?
By originations: Kent County (3,467), Ottawa County (1,764), Oakland County (898), Muskegon County (754), Kalamazoo County (527).
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 Michigan. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.