Alabama Central Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, Alabama Central Credit Union of Birmingham, AL reported 83 mortgage applications totaling $13.6 million, down 51% from 2022. The average application was for $163,795, and applicants reported an average income of $137,506. 59% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Florence-Muscle Shoals, AL (36), Mobile, AL (10) and Birmingham-Hoover, AL (7) (applications in parentheses).
| Mortgage Company & Address | Alabama Central Credit Union 3601 4th Ave S Birmingham, AL 35222 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 83 |
| Total Mortgage Loan Application Amount | $13,595,000 |
| Average Mortgage Loan Application Amount | $163,795 |
| Highest Mortgage Loan Application Amount | $895,000 |
| Average Applicant Income | $137,506 |
| Highest Applicant Income | $1,176,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alabama Central Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Florence-Muscle Shoals, AL | 36 | $ 7,130,000 | $ 198,055 | $ 179,000 |
| Outside any metro area | 20 | $ 3,560,000 | $ 178,000 | $ 102,850 |
| Mobile, AL | 10 | $ 900,000 | $ 90,000 | $ 118,000 |
| Birmingham-Hoover, AL | 7 | $ 775,000 | $ 110,714 | $ 104,000 |
| Tuscaloosa, AL | 4 | $ 240,000 | $ 60,000 | $ 62,000 |
| Decatur, AL | 2 | $ 50,000 | $ 25,000 | $ 99,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 105,000 | $ 105,000 | $ 156,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 415,000 | $ 415,000 | $ 451,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 145,000 | $ 145,000 | $ 260,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 275,000 | $ 275,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Alabama Central Credit Union in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 28 | $6,470,000 | $231,000 | $525,000 | $149,000 | $460,000 |
| Cash-out Refinancing | 18 | $2,240,000 | $124,000 | $305,000 | $134,000 | $233,000 |
| Other Purpose | 15 | $1,255,000 | $83,000 | $225,000 | $102,000 | $178,000 |
| Refinancing | 15 | $3,065,000 | $204,000 | $895,000 | $177,000 | $1,176,000 |
| Home Improvement | 7 | $565,000 | $80,000 | $215,000 | $92,000 | $138,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 55 | $10,465,000 | $190,000 | $895,000 | $150,000 | $1,176,000 |
| Black or African American | 12 | $1,070,000 | $89,000 | $155,000 | $77,000 | $138,000 |
| Not applicable | 10 | $1,450,000 | $145,000 | $445,000 | $0 | $0 |
| Hispanic | 4 | $360,000 | $90,000 | $155,000 | $140,000 | $178,000 |
| Not Provided | 2 | $250,000 | $125,000 | $145,000 | $208,000 | $260,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 83 | $13,595,000 | $163,000 | $895,000 | $139,000 | $1,176,000 |
| 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 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 49 | $8,475,000 | $172,000 | $895,000 | $174,000 | $1,176,000 |
| Application Denied By Financial Institution | 23 | $2,585,000 | $112,000 | $275,000 | $98,000 | $260,000 |
| Application Withdrawn By Applicant | 6 | $960,000 | $160,000 | $305,000 | $64,000 | $146,000 |
| Preapproval Approved but not Accepted | 3 | $1,035,000 | $345,000 | $495,000 | $127,000 | $198,000 |
| Preapproval Denied by Financial Institution | 2 | $540,000 | $270,000 | $355,000 | $150,000 | $150,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 58 | $10,470,000 | $180,000 | $895,000 | $157,000 | $1,176,000 |
| Credit History | 11 | $1,055,000 | $95,000 | $185,000 | $89,000 | $222,000 |
| Other | 10 | $1,330,000 | $133,000 | $275,000 | $116,000 | $260,000 |
| Debt-To-Income Ratio | 2 | $260,000 | $130,000 | $205,000 | $77,000 | $92,000 |
| Employment History | 1 | $355,000 | $355,000 | $355,000 | $150,000 | $150,000 |
| Collateral | 1 | $125,000 | $125,000 | $125,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Alabama Central Credit Union's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Alabama Central Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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