top of page
  • Writer's pictureCNN

Navy Federal Credit Union denied over 50% of Black loan applicants in 2022

The largest credit union in the US has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender, a trend that reached new heights last year. CNN's Rene Marsh reports.

CNN only analyzed loan applications that were ultimately approved or denied by lenders, not those that were withdrawn by borrowers before a decision was made. In 2022, according to the data, Navy Federal approved 77.1% of White applicants, 55.8% of Latino applicants, and 48.5% of Black applicants.

bottom of page