Lake Michigan Credit Union (2025)
Official HMDA public records summary of residential mortgage lending for Lake Michigan Credit Union. Review underwriting credit decisions, consumer product distribution, and national lending volume.
Lender Profile
#80 of 2,712
7,963
Loans Originated
• 0.20% National Market Share
• $3.16 Billion Originated Volume
• $315,000 Median Loan
Actionable Applications
8,333
Decisioned (Actions 1–3)
Approval Rate
96.52%
96.52% of actionable
Denial Rate
3.48%
3.48% of actionable
Loan Originations
7,963
95.56% funded rate
Originated Volume
$3.16 Billion
Median: $315,000
Application Outcomes (2025)
Outcomes for 8,333 actionable applications (Actions 1, 2, and 3).
Action 1: Originated
7,963
(95.56%)
Action 2: Approved not accepted
80
(0.96%)
Action 3: Denied
290
(3.48%)
Action 4: Withdrawn (not in denominator)
1,360
—
Action 5: Incomplete (not in denominator)
210
—
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →
How Lake Michigan Credit Union Compares
Institution vs. National Baseline (2025)
| Metric | Lake Michigan Credit Union | U.S. National |
|---|---|---|
| Actionable Apps | 8,333 | 5,197,320 |
| Approval Rate | 96.52% | 82.12% |
| Denial Rate | 3.48% | 17.88% |
| Originations | 7,963 | 4,052,301 |
| Originated Volume | $3.16 Billion | $1.58 Trillion |
| Median Loan | $315,000 | $325,000 |
Loan Product Mix (2025)
Distribution across Conventional, FHA, VA, and USDA loan types
| Loan Product | Apps | Originations | Approval % |
|---|---|---|---|
| Conventional | 7,869 | 7,567 | 97.13% |
| FHA | 338 | 278 | 83.14% |
| VA | 115 | 109 | 95.65% |
| USDA/RHS/FSA | 11 | 9 | 81.82% |
Regulatory & Corporate Profile
Official entity details from CFPB Transmittal Sheet
Legal Entity Identifier (ISO 17442 LEI)
549300YB1H2FRI6JPM51
Reported Corporate Headquarters
Grand Rapids, MI
National Origination Rank
Rank #80 by Action 1 Originations
Data Collection Basis
Regulation C (12 CFR Part 1003) Annual LAR Submission
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →Top 100 Lenders
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