Members Cooperative mortgage approval rate & lending review
Members Cooperative decided 540 mortgage applications and funded 459 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Members Cooperative reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Members Cooperative at a glance
Approval is 9.7 points above the 76.5% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 180 / 196 | 98% | $205K | 177 |
| Home improvement loans | 84% | 135 / 160 | 99% | $45K | 134 |
| Refinance | 79% | 86 / 109 | 100% | $85K | 86 |
| Investment property purchase | 97% | 33 / 34 | 97% | $135K | 32 |
Members Cooperative lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 86% | $105K | 538 | 457 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Members Cooperative lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| St. Louis County, MN | Mortgage lenders | 92% | 177 | 159 |
| St. Louis County, MN | Home improvement loans | 86% | 150 | 128 |
| St. Louis County, MN | Refinance | 79% | 99 | 78 |
| St. Louis County, MN | Investment property purchase | 97% | 33 | 31 |
The county markets where Members Cooperative made the most loans. Each link opens that market with every lender ranked.
Questions about Members Cooperative
What is Members Cooperative's mortgage approval rate?
Members Cooperative approved 86.1% of the 540 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.7 points above the 76.5% national rate for the same mix of loan types.
How often do borrowers take the loan Members Cooperative offers?
Borrowers accepted 99% of the loans Members Cooperative approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Members Cooperative make?
The typical home purchase mortgage loan Members Cooperative made was $205K; across all loan types its typical loan ran from $45K to $205K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Members Cooperative lend?
Members Cooperative decided applications in 2 of the states Fat Boy Data covers, most of them in Minnesota and Wisconsin.
Can I apply to Members Cooperative directly?
Yes. Members Cooperative is a bank or credit union with 12 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Members Cooperative's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Members Cooperative treats applications, then get a rate quote from the lender.