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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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MEMBERS FIRST CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MEMBERS FIRST CREDIT UNION |
| Address | PO BOX 2165
MIDLAND, MI 48641 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 80 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,420,000 |
| Average Mortgage Loan Amount Applied For | $105,000 |
| Highest Mortgage Loan Amount Applied For | $213,000 |
| Average Applicant Income | $67,375 |
| Highest Applicant Income | $132,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
29 | $2,743,000 |
$94,000 | $417,000 |
$40,000 | $140,000 |
| Refinancing |
73 | $5,572,000 |
$76,000 | $213,000 |
$46,000 | $132,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
102 | $8,315,000 |
$81,000 | $417,000 |
$44,000 | $140,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
102 | $8,315,000 |
$81,000 | $417,000 |
$44,000 | $140,000 |
| 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 |
7 | $434,000 |
$62,000 | $190,000 |
$35,000 | $71,000 |
| Application Denied By Financial Institution |
14 | $1,442,000 |
$103,000 | $156,000 |
$54,000 | $140,000 |
| Application Withdrawn By Applicant |
18 | $1,605,000 |
$89,000 | $417,000 |
$31,000 | $98,000 |
| File Closed For Incompleteness |
1 | $25,000 |
$25,000 | $25,000 |
$10,000 | $10,000 |
| Loan Originated |
62 | $4,809,000 |
$77,000 | $213,000 |
$48,000 | $125,000 |
| 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 |
4 | $439,000 |
$109,000 | $140,000 |
$26,000 | $43,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $393,000 |
$98,000 | $138,000 |
$65,000 | $132,000 |
| Debt-To-Income Ratio |
3 | $221,000 |
$73,000 | $130,000 |
$89,000 | $140,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $100,000 |
$100,000 | $100,000 |
$17,000 | $17,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $133,000 |
$133,000 | $133,000 |
$44,000 | $44,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MEMBERS FIRST CREDIT UNION by:
Metropolitan Area And
County
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