PREFERRED CREDIT UNION
PREFERRED CREDIT UNION received 260 applications in 2025 and made 170 mortgages, in 21 counties across 1 state. The median rate its borrowers got was 6.375% on a median loan of $65,000. Of 198 decisions, 28 were denials — 14.1%, most often for debt-to-income ratio.
| Legal Entity Identifier | 254900DOBILWQF3MQ479 |
|---|---|
| Applications received | 260 |
| Mortgages made | 170 |
| Denied | 28 |
| Approved, not taken up | 0 |
| Withdrawn or incomplete | 62 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.318 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 | 20 | 6.438% | $180,000 | 4.8% |
| Refinancing | 3 | Under 10 loans | Under 10 loans | 25.0% |
| Cash-out refinancing | 33 | 6.490% | $85,000 | 10.8% |
| Other purposes | 114 | 6.313% | $55,000 | 16.2% |
Where PREFERRED CREDIT UNION lends most
The 21 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Montcalm County, MI | 50 | 6.250% | 12.3% |
| Kent County, MI | 30 | 6.375% | 16.7% |
| Mason County, MI | 30 | 6.313% | 11.8% |
| Ionia County, MI | 15 | 6.490% | 21.1% |
| Barry County, MI | 12 | 6.490% | 14.3% |
| Newaygo County, MI | 7 | Under 10 loans | 0.0% |
| Kalamazoo County, MI | 6 | Under 10 loans | 0.0% |
| Ottawa County, MI | 6 | Under 10 loans | 14.3% |
| Mecosta County, MI | 2 | Under 10 loans | 33.3% |
| Muskegon County, MI | 2 | Under 10 loans | 0.0% |
| Oceana County, MI | 2 | Under 10 loans | 50.0% |
| Allegan County, MI | 1 | Under 10 loans | 0.0% |
| Calhoun County, MI | 1 | Under 10 loans | 0.0% |
| Ingham County, MI | 1 | Under 10 loans | 0.0% |
| Isabella County, MI | 1 | Under 10 loans | 0.0% |
| Lake County, MI | 1 | Under 10 loans | 0.0% |
| Missaukee County, MI | 1 | Under 10 loans | 0.0% |
| Osceola County, MI | 1 | Under 10 loans | 0.0% |
| Saginaw County, MI | 1 | Under 10 loans | 0.0% |
| Eaton County, MI | 0 | Under 10 loans | 100.0% |
| Ogemaw County, MI | 0 | Under 10 loans | Not published |
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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.