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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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EECU A COMMUNITY CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
EECU A COMMUNITY CREDIT UNION |
| Address | 1425 W. PARNALL RD
JACKSON, MI 49201 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 32 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,253,000 |
| Average Mortgage Loan Amount Applied For | $41,333 |
| Highest Mortgage Loan Amount Applied For | $100,000 |
| Average Applicant Income | $57,333 |
| Highest Applicant Income | $143,000 |
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| Home Improvement |
24 | $929,000 |
$38,000 | $100,000 |
$60,000 | $143,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
8 | $324,000 |
$40,000 | $86,000 |
$52,000 | $88,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $14,000 |
$14,000 | $14,000 |
$48,000 | $48,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $110,000 |
$55,000 | $75,000 |
$60,000 | $70,000 |
| White |
29 | $1,129,000 |
$38,000 | $100,000 |
$58,000 | $143,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
32 | $1,253,000 |
$39,000 | $100,000 |
$58,000 | $143,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $20,000 |
$20,000 | $20,000 |
$83,000 | $83,000 |
| Application Denied By Financial Institution |
5 | $204,000 |
$40,000 | $85,000 |
$49,000 | $70,000 |
| Application Withdrawn By Applicant |
8 | $368,000 |
$46,000 | $100,000 |
$49,000 | $88,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
18 | $661,000 |
$36,000 | $80,000 |
$63,000 | $143,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $35,000 |
$35,000 | $35,000 |
$70,000 | $70,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $85,000 |
$85,000 | $85,000 |
$37,000 | $37,000 |
| Debt-To-Income Ratio |
3 | $84,000 |
$28,000 | $40,000 |
$46,000 | $69,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EECU A COMMUNITY CREDIT UNION by:
Metropolitan Area And
County
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