Altra Federal Credit Union Mortgage Lending & HMDA Data, 2010

In 2010, Altra Federal Credit Union of Onalaska, WI reported 2,861 mortgage applications totaling $379.4 million, down 19% from 2009. The average application was for $132,607, and applicants reported an average income of $82,340. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were La Crosse, WI-MN (1,689), Tyler, TX (244) and Clarksville, TN-KY (164) (applications in parentheses).

Mortgage Company & Address Altra Federal Credit Union
1700 Oak Forest Drive
Onalaska, WI 54650
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 2,861
Total Mortgage Loan Application Amount $379,391,000
Average Mortgage Loan Application Amount $132,607
Highest Mortgage Loan Application Amount $1,400,000
Average Applicant Income $82,340
Highest Applicant Income $1,020,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Altra Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Altra Federal Credit Union by County in 2010

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
La Crosse, Wisconsin 1,535 $ 201,898,000 $ 131,529 $ 79,000
Smith, Texas 244 $ 33,184,000 $ 136,000 $ 102,000
Montgomery, Tennessee 155 $ 16,635,000 $ 107,322 $ 66,000
Houston, Minnesota 154 $ 22,021,000 $ 142,993 $ 75,000
Winona, Minnesota 148 $ 17,219,000 $ 116,344 $ 69,000
Vernon, Wisconsin 103 $ 13,558,000 $ 131,631 $ 79,000
Trempealeau, Wisconsin 58 $ 7,632,000 $ 131,586 $ 70,000
Monroe, Wisconsin 41 $ 5,574,000 $ 135,951 $ 74,000
Cherokee, Texas 22 $ 2,867,000 $ 130,318 $ 98,000
Fayette, Kentucky 16 $ 1,425,000 $ 89,062 $ 64,000
Buffalo, Wisconsin 15 $ 1,439,000 $ 95,933 $ 77,000
Pueblo, Colorado 10 $ 1,314,000 $ 131,400 $ 87,000
Van Zandt, Texas 10 $ 993,000 $ 99,300 $ 101,000
Jackson, Wisconsin 10 $ 1,448,000 $ 144,800 $ 71,000
Fillmore, Minnesota 9 $ 1,006,000 $ 111,777 $ 95,000
Allamakee, Iowa 8 $ 994,000 $ 124,250 $ 55,000
Hennepin, Minnesota 8 $ 2,487,000 $ 310,875 $ 155,000
Stewart, Tennessee 8 $ 794,000 $ 99,250 $ 43,000
Henderson, Texas 8 $ 860,000 $ 107,500 $ 55,000
Tarrant, Texas 8 $ 1,368,000 $ 171,000 $ 135,000
Dane, Wisconsin 8 $ 1,441,000 $ 180,125 $ 99,000
Juneau, Wisconsin 8 $ 1,010,000 $ 126,250 $ 133,000
Olmsted, Minnesota 7 $ 790,000 $ 112,857 $ 81,000
Jessamine, Kentucky 6 $ 436,000 $ 72,666 $ 47,000
Dakota, Minnesota 6 $ 1,386,000 $ 231,000 $ 111,000
Ramsey, Minnesota 6 $ 963,000 $ 160,500 $ 120,000
Milwaukee, Wisconsin 6 $ 773,000 $ 128,833 $ 86,000
Eau Claire, Wisconsin 5 $ 584,000 $ 116,800 $ 76,000
Sebastian, Arkansas 4 $ 383,000 $ 95,750 $ 78,000
Anoka, Minnesota 4 $ 900,000 $ 225,000 $ 108,000
Mercer, New Jersey 4 $ 86,000 $ 21,500 $ 62,000
Harris, Texas 4 $ 983,000 $ 245,750 $ 161,000
Rusk, Texas 4 $ 610,000 $ 152,500 $ 112,000
Chippewa, Wisconsin 4 $ 279,000 $ 69,750 $ 58,000
Columbia, Wisconsin 4 $ 370,000 $ 92,500 $ 67,000
Crawford, Wisconsin 4 $ 251,000 $ 62,750 $ 65,000
Washington, Arkansas 3 $ 223,000 $ 74,333 $ 114,000
Summit, Colorado 3 $ 947,000 $ 315,666 $ 288,000
Hillsborough, Florida 3 $ 1,140,000 $ 380,000 $ 173,000
Lee, Florida 3 $ 252,000 $ 84,000 $ 116,000
Cook, Illinois 3 $ 470,000 $ 156,666 $ 95,000
Scott, Iowa 3 $ 740,000 $ 246,666 $ 162,000
Scott, Kentucky 3 $ 175,000 $ 58,333 $ 93,000
Shelby, Kentucky 3 $ 565,000 $ 188,333 $ 63,000
Le Flore, Oklahoma 3 $ 309,000 $ 103,000 $ 45,000
Davidson, Tennessee 3 $ 212,000 $ 70,666 $ 96,000
Henry, Tennessee 3 $ 198,000 $ 66,000 $ 67,000
Houston, Tennessee 3 $ 239,000 $ 79,666 $ 78,000
Wilson, Tennessee 3 $ 812,000 $ 270,666 $ 73,000
Anderson, Texas 3 $ 572,000 $ 190,666 $ 120,000
Gregg, Texas 3 $ 326,000 $ 108,666 $ 67,000
McLennan, Texas 3 $ 362,000 $ 120,666 $ 81,000
Wood, Texas 3 $ 285,000 $ 95,000 $ 93,000
Douglas, Wisconsin 3 $ 428,000 $ 142,666 $ 79,000
Pierce, Wisconsin 3 $ 781,000 $ 260,333 $ 0
St. Croix, Wisconsin 3 $ 703,000 $ 234,333 $ 73,000
Washington, Wisconsin 3 $ 371,000 $ 123,666 $ 110,000
Waukesha, Wisconsin 3 $ 496,000 $ 165,333 $ 83,000
Bay, Florida 2 $ 298,000 $ 149,000 $ 135,000
Pinellas, Florida 2 $ 1,808,000 $ 904,000 $ 531,000
Sarasota, Florida 2 $ 281,000 $ 140,500 $ 61,000
Cerro Gordo, Iowa 2 $ 123,000 $ 61,500 $ 50,000
Clayton, Iowa 2 $ 360,000 $ 180,000 $ 88,000
Des Moines, Iowa 2 $ 168,000 $ 84,000 $ 68,000
Woodbury, Iowa 2 $ 256,000 $ 128,000 $ 91,000
Clark, Kentucky 2 $ 199,000 $ 99,500 $ 70,000
Estill, Kentucky 2 $ 79,000 $ 39,500 $ 58,000
Floyd, Kentucky 2 $ 106,000 $ 53,000 $ 69,000
Jefferson, Kentucky 2 $ 216,000 $ 108,000 $ 63,000
Madison, Kentucky 2 $ 241,000 $ 120,500 $ 54,000
Montgomery, Kentucky 2 $ 179,000 $ 89,500 $ 48,000
Rockcastle, Kentucky 2 $ 183,000 $ 91,500 $ 42,000
Woodford, Kentucky 2 $ 260,000 $ 130,000 $ 141,000
Itasca, Minnesota 2 $ 1,308,000 $ 654,000 $ 235,000
Wabasha, Minnesota 2 $ 346,000 $ 173,000 $ 53,000
Washington, Minnesota 2 $ 349,000 $ 174,500 $ 72,000
Williamson, Tennessee 2 $ 353,000 $ 176,500 $ 126,000
Bexar, Texas 2 $ 200,000 $ 100,000 $ 234,000
Camp, Texas 2 $ 146,000 $ 73,000 $ 89,000
Navarro, Texas 2 $ 117,000 $ 58,500 $ 64,000
Barron, Wisconsin 2 $ 506,000 $ 253,000 $ 284,000
Bayfield, Wisconsin 2 $ 274,000 $ 137,000 $ 87,000
Marathon, Wisconsin 2 $ 202,000 $ 101,000 $ 100,000
Sawyer, Wisconsin 2 $ 306,000 $ 153,000 $ 125,000
Crawford, Arkansas 1 $ 130,000 $ 130,000 $ 144,000
Saline, Arkansas 1 $ 130,000 $ 130,000 $ 32,000
Los Angeles, California 1 $ 65,000 $ 65,000 $ 101,000
Boulder, Colorado 1 $ 280,000 $ 280,000 $ 118,000
Broomfield, Colorado 1 $ 239,000 $ 239,000 $ 151,000
Eagle, Colorado 1 $ 800,000 $ 800,000 $ 791,000
Grand, Colorado 1 $ 382,000 $ 382,000 $ 175,000
Teller, Colorado 1 $ 84,000 $ 84,000 $ 51,000
Alachua, Florida 1 $ 413,000 $ 413,000 $ 180,000
Broward, Florida 1 $ 680,000 $ 680,000 $ 278,000
Charlotte, Florida 1 $ 139,000 $ 139,000 $ 88,000
Miami-Dade, Florida 1 $ 352,000 $ 352,000 $ 315,000
Orange, Florida 1 $ 212,000 $ 212,000 $ 103,000
Cobb, Georgia 1 $ 417,000 $ 417,000 $ 1,020,000
Paulding, Georgia 1 $ 242,000 $ 242,000 $ 88,000
Toombs, Georgia 1 $ 7,000 $ 7,000 $ 53,000
Adams, Illinois 1 $ 92,000 $ 92,000 $ 79,000
Kendall, Illinois 1 $ 252,000 $ 252,000 $ 164,000
Madison, Illinois 1 $ 95,000 $ 95,000 $ 46,000
Boone, Iowa 1 $ 37,000 $ 37,000 $ 17,000
Clarke, Iowa 1 $ 100,000 $ 100,000 $ 40,000
Polk, Iowa 1 $ 157,000 $ 157,000 $ 116,000
Pottawattamie, Iowa 1 $ 199,000 $ 199,000 $ 82,000
Winneshiek, Iowa 1 $ 105,000 $ 105,000 $ 46,000
Anderson, Kentucky 1 $ 44,000 $ 44,000 $ 31,000
Bourbon, Kentucky 1 $ 40,000 $ 40,000 $ 39,000
Campbell, Kentucky 1 $ 160,000 $ 160,000 $ 121,000
Christian, Kentucky 1 $ 93,000 $ 93,000 $ 64,000
Franklin, Kentucky 1 $ 137,000 $ 137,000 $ 113,000
Garrard, Kentucky 1 $ 30,000 $ 30,000 $ 30,000
Johnson, Kentucky 1 $ 10,000 $ 10,000 $ 72,000
Lincoln, Kentucky 1 $ 91,000 $ 91,000 $ 53,000
Meade, Kentucky 1 $ 139,000 $ 139,000 $ 38,000
Nicholas, Kentucky 1 $ 122,000 $ 122,000 $ 67,000
Todd, Kentucky 1 $ 65,000 $ 65,000 $ 27,000
East Baton Rouge, Louisiana 1 $ 218,000 $ 218,000 $ 135,000
Lafayette, Louisiana 1 $ 109,000 $ 109,000 $ 26,000
Webster, Louisiana 1 $ 71,000 $ 71,000 $ 97,000
Dodge, Minnesota 1 $ 41,000 $ 41,000 $ 47,000
Marshall, Minnesota 1 $ 76,000 $ 76,000 $ 54,000
Mille Lacs, Minnesota 1 $ 220,000 $ 220,000 $ 65,000
Mower, Minnesota 1 $ 123,000 $ 123,000 $ 82,000
Wright, Minnesota 1 $ 237,000 $ 237,000 $ 84,000
Ontario, New York 1 $ 17,000 $ 17,000 $ 58,000
Cass, North Dakota 1 $ 52,000 $ 52,000 $ 120,000
McClain, Oklahoma 1 $ 177,000 $ 177,000 $ 118,000
Muskogee, Oklahoma 1 $ 152,000 $ 152,000 $ 84,000
Sequoyah, Oklahoma 1 $ 67,000 $ 67,000 $ 21,000
Wagoner, Oklahoma 1 $ 265,000 $ 265,000 $ 120,000
Beaver, Pennsylvania 1 $ 40,000 $ 40,000 $ 79,000
Carbon, Pennsylvania 1 $ 35,000 $ 35,000 $ 76,000
Monroe, Pennsylvania 1 $ 69,000 $ 69,000 $ 192,000
Cheatham, Tennessee 1 $ 95,000 $ 95,000 $ 28,000
Dickson, Tennessee 1 $ 164,000 $ 164,000 $ 77,000
Marshall, Tennessee 1 $ 90,000 $ 90,000 $ 58,000
Maury, Tennessee 1 $ 118,000 $ 118,000 $ 87,000
Robertson, Tennessee 1 $ 120,000 $ 120,000 $ 47,000
Sequatchie, Tennessee 1 $ 182,000 $ 182,000 $ 80,000
Shelby, Tennessee 1 $ 36,000 $ 36,000 $ 22,000
Aransas, Texas 1 $ 103,000 $ 103,000 $ 125,000
Brazoria, Texas 1 $ 122,000 $ 122,000 $ 18,000
Collin, Texas 1 $ 137,000 $ 137,000 $ 786,000
Fort Bend, Texas 1 $ 222,000 $ 222,000 $ 76,000
Harrison, Texas 1 $ 222,000 $ 222,000 $ 95,000
Haskell, Texas 1 $ 85,000 $ 85,000 $ 38,000
Houston, Texas 1 $ 38,000 $ 38,000 $ 19,000
Johnson, Texas 1 $ 134,000 $ 134,000 $ 141,000
Montgomery, Texas 1 $ 540,000 $ 540,000 $ 200,000
Nueces, Texas 1 $ 111,000 $ 111,000 $ 129,000
Panola, Texas 1 $ 200,000 $ 200,000 $ 78,000
Polk, Texas 1 $ 29,000 $ 29,000 $ 274,000
San Jacinto, Texas 1 $ 234,000 $ 234,000 $ 92,000
Taylor, Texas 1 $ 151,000 $ 151,000 $ 35,000
Travis, Texas 1 $ 240,000 $ 240,000 $ 76,000
Brown, Wisconsin 1 $ 135,000 $ 135,000 $ 73,000
Burnett, Wisconsin 1 $ 102,000 $ 102,000 $ 14,000
Clark, Wisconsin 1 $ 197,000 $ 197,000 $ 101,000
Dodge, Wisconsin 1 $ 68,000 $ 68,000 $ 83,000
Jefferson, Wisconsin 1 $ 225,000 $ 225,000 $ 152,000
Kenosha, Wisconsin 1 $ 200,000 $ 200,000 $ 59,000
Manitowoc, Wisconsin 1 $ 53,000 $ 53,000 $ 89,000
Marquette, Wisconsin 1 $ 132,000 $ 132,000 $ 52,000
Menominee, Wisconsin 1 $ 52,000 $ 52,000 $ 64,000
Oneida, Wisconsin 1 $ 202,000 $ 202,000 $ 186,000
Racine, Wisconsin 1 $ 160,000 $ 160,000 $ 140,000
Rusk, Wisconsin 1 $ 240,000 $ 240,000 $ 70,000
Waupaca, Wisconsin 1 $ 161,000 $ 161,000 $ 150,000
Waushara, Wisconsin 1 $ 124,000 $ 124,000 $ 73,000
Wood, Wisconsin 1 $ 27,000 $ 27,000 $ 74,000

Mortgage Loan Application Detail Totals for Altra Federal Credit Union in 2010

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
Refinancing 2,207 $305,120,000 $138,000 $1,400,000 $85,000 $1,020,000
Home Purchase 535 $69,552,000 $130,000 $800,000 $73,000 $791,000
Home Improvement 119 $4,719,000 $39,000 $171,000 $75,000 $396,000

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 2,630 $347,499,000 $132,000 $1,400,000 $82,000 $905,000
Not Provided 92 $13,028,000 $141,000 $337,000 $89,000 $212,000
Black or African American 45 $5,778,000 $128,000 $417,000 $95,000 $1,020,000
Hispanic 40 $4,123,000 $103,000 $680,000 $66,000 $278,000
Asian 39 $5,467,000 $140,000 $345,000 $82,000 $394,000
American Indian or Alaskan Native 6 $1,079,000 $179,000 $280,000 $101,000 $202,000
Not applicable 5 $1,831,000 $366,000 $931,000 $0 $0
Native Hawaiian or Other Pacific Islander 4 $586,000 $146,000 $254,000 $91,000 $138,000

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) 2,818 $373,159,000 $132,000 $1,400,000 $82,000 $905,000
FHA-insured (Federal Housing Administration) 29 $3,778,000 $130,000 $417,000 $90,000 $1,020,000
VA-guaranteed (Veterans Administration) 14 $2,454,000 $175,000 $300,000 $66,000 $142,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 2,224 $293,456,000 $131,000 $931,000 $84,000 $803,000
Application Withdrawn By Applicant 497 $70,623,000 $142,000 $1,400,000 $83,000 $1,020,000
Application Denied By Financial Institution 112 $13,561,000 $121,000 $463,000 $59,000 $260,000
File Closed For Incompleteness 27 $1,631,000 $60,000 $250,000 $76,000 $148,000
Loan Purchased By The Institution 1 $120,000 $120,000 $120,000 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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
Credit History 31 $3,626,000 $116,000 $356,000 $58,000 $117,000
Debt-To-Income Ratio 31 $5,473,000 $176,000 $463,000 $47,000 $95,000
Collateral 16 $2,230,000 $139,000 $288,000 $67,000 $135,000
Insufficient Cash (Downpayment, Closing Cost) 4 $896,000 $224,000 $455,000 $92,000 $181,000
Unverifiable Information 3 $187,000 $62,000 $77,000 $60,000 $113,000
Other 1 $160,000 $160,000 $160,000 $45,000 $45,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Altra Federal Credit Union's 2010 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 Altra Federal 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.
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