ELGA CREDIT UNION
ELGA CREDIT UNION received 773 applications in 2025 and made 537 mortgages, in 44 counties across 1 state. The median rate its borrowers got was 8.240% on a median loan of $65,000. Of 693 decisions, 132 were denials — 19.1%, most often for debt-to-income ratio.
| Legal Entity Identifier | 549300ORTZ3CWXPNL693 |
|---|---|
| Applications received | 773 |
| Mortgages made | 537 |
| Denied | 132 |
| Approved, not taken up | 24 |
| Withdrawn or incomplete | 80 |
| Loans bought from other lenders | 1 |
| Median rate spread over the prime offer rate | 2.761 points |
| FDIC-insured bank | This lender is not an FDIC-insured bank under this name: a mortgage company, a credit union, or a bank filing under another name. |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 71 | 6.375% | $165,000 | 4.0% |
| Refinancing | 14 | 6.313% | $135,000 | 26.3% |
| Cash-out refinancing | 117 | 6.750% | $125,000 | 15.0% |
| Other purposes | 335 | 9.240% | $45,000 | 22.5% |
Where ELGA CREDIT UNION lends most
The 44 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Genesee County, MI | 354 | 8.730% | 20.2% |
| Lapeer County, MI | 57 | 8.240% | 11.8% |
| Oakland County, MI | 20 | 7.740% | 16.7% |
| Saginaw County, MI | 20 | 8.490% | 25.9% |
| Tuscola County, MI | 14 | 9.490% | 6.7% |
| Shiawassee County, MI | 12 | 7.990% | 23.5% |
| Bay County, MI | 9 | Under 10 loans | 0.0% |
| Livingston County, MI | 6 | Under 10 loans | 33.3% |
| Iosco County, MI | 4 | Under 10 loans | 20.0% |
| Macomb County, MI | 3 | Under 10 loans | 0.0% |
| Roscommon County, MI | 3 | Under 10 loans | 20.0% |
| Wayne County, MI | 3 | Under 10 loans | 25.0% |
| Alcona County, MI | 2 | Under 10 loans | 0.0% |
| Clinton County, MI | 2 | Under 10 loans | 0.0% |
| Ingham County, MI | 2 | Under 10 loans | 33.3% |
| Montmorency County, MI | 2 | Under 10 loans | 0.0% |
| Muskegon County, MI | 2 | Under 10 loans | 0.0% |
| Oscoda County, MI | 2 | Under 10 loans | 0.0% |
| Sanilac County, MI | 2 | Under 10 loans | 0.0% |
| Alger County, MI | 1 | Under 10 loans | 0.0% |
| Allegan County, MI | 1 | Under 10 loans | 0.0% |
| Arenac County, MI | 1 | Under 10 loans | 50.0% |
| Cheboygan County, MI | 1 | Under 10 loans | 0.0% |
| Clare County, MI | 1 | Under 10 loans | 50.0% |
| Delta County, MI | 1 | Under 10 loans | 0.0% |
| Emmet County, MI | 1 | Under 10 loans | 0.0% |
| Gladwin County, MI | 1 | Under 10 loans | 0.0% |
| Houghton County, MI | 1 | Under 10 loans | 0.0% |
| Jackson County, MI | 1 | Under 10 loans | 66.7% |
| Kalkaska County, MI | 1 | Under 10 loans | 0.0% |
| Luce County, MI | 1 | Under 10 loans | 0.0% |
| Mackinac County, MI | 1 | Under 10 loans | 0.0% |
| Midland County, MI | 1 | Under 10 loans | 0.0% |
| Monroe County, MI | 1 | Under 10 loans | 0.0% |
| Osceola County, MI | 1 | Under 10 loans | 0.0% |
| Otsego County, MI | 1 | Under 10 loans | 0.0% |
| St. Clair County, MI | 1 | Under 10 loans | 0.0% |
| Chippewa County, MI | 0 | Under 10 loans | Not published |
| Eaton County, MI | 0 | Under 10 loans | Not published |
| Gratiot County, MI | 0 | Under 10 loans | 100.0% |
| Huron County, MI | 0 | Under 10 loans | 100.0% |
| Montcalm County, MI | 0 | Under 10 loans | 100.0% |
| Ogemaw County, MI | 0 | Under 10 loans | Not published |
| Wexford County, MI | 0 | Under 10 loans | Not published |
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When ELGA CREDIT UNION’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.