American 1 Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, American 1 Credit Union of Jackson, MI reported 360 mortgage applications totaling $3.2 million, up 10% from 2017. The average application was for $9,000, and applicants reported an average income of $55,983. 60% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Jackson, MI (201), Detroit-Dearborn-Livonia, MI (24) and Battle Creek, MI (22) (applications in parentheses).
| Mortgage Company & Address | American 1 Credit Union 718 E. Michigan Ave. Jackson, MI 49201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 360 |
| Total Mortgage Loan Application Amount | $3,240,000 |
| Average Mortgage Loan Application Amount | $9,000 |
| Highest Mortgage Loan Application Amount | $55,000 |
| Average Applicant Income | $55,983 |
| Highest Applicant Income | $230,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Jackson, Michigan | 201 | $ 1,835,000 | $ 9,129 | $ 55,000 |
| Hillsdale, Michigan | 48 | $ 450,000 | $ 9,375 | $ 45,000 |
| Wayne, Michigan | 24 | $ 260,000 | $ 10,833 | $ 68,000 |
| Calhoun, Michigan | 22 | $ 140,000 | $ 6,363 | $ 47,000 |
| Lenawee, Michigan | 19 | $ 185,000 | $ 9,736 | $ 49,000 |
| Macomb, Michigan | 7 | $ 65,000 | $ 9,285 | $ 100,000 |
| Branch, Michigan | 6 | $ 40,000 | $ 6,666 | $ 62,000 |
| Monroe, Michigan | 5 | $ 25,000 | $ 5,000 | $ 67,000 |
| Washtenaw, Michigan | 5 | $ 45,000 | $ 9,000 | $ 42,000 |
| Miami, Indiana | 2 | $ 10,000 | $ 5,000 | $ 78,000 |
| Oakland, Michigan | 2 | $ 20,000 | $ 10,000 | $ 99,000 |
| Hancock, West Virginia | 2 | $ 10,000 | $ 5,000 | $ 58,000 |
| Talladega, Alabama | 1 | $ 5,000 | $ 5,000 | $ 38,000 |
| Flagler, Florida | 1 | $ 15,000 | $ 15,000 | $ 80,000 |
| Gwinnett, Georgia | 1 | $ 5,000 | $ 5,000 | $ 55,000 |
| Clare, Michigan | 1 | $ 5,000 | $ 5,000 | $ 54,000 |
| Eaton, Michigan | 1 | $ 15,000 | $ 15,000 | $ 56,000 |
| Genesee, Michigan | 1 | $ 25,000 | $ 25,000 | $ 230,000 |
| Ingham, Michigan | 1 | $ 5,000 | $ 5,000 | $ 82,000 |
| Kalamazoo, Michigan | 1 | $ 5,000 | $ 5,000 | $ 30,000 |
| Livingston, Michigan | 1 | $ 15,000 | $ 15,000 | $ 106,000 |
| St. Clair, Michigan | 1 | $ 5,000 | $ 5,000 | $ 74,000 |
| Iredell, North Carolina | 1 | $ 15,000 | $ 15,000 | $ 22,000 |
| Mercer, North Dakota | 1 | $ 15,000 | $ 15,000 | $ 79,000 |
| Bradley, Tennessee | 1 | $ 5,000 | $ 5,000 | $ 104,000 |
| Harris, Texas | 1 | $ 5,000 | $ 5,000 | $ 12,000 |
| Tarrant, Texas | 1 | $ 5,000 | $ 5,000 | $ 109,000 |
| Brooke, West Virginia | 1 | $ 5,000 | $ 5,000 | $ 26,000 |
| Marshall, West Virginia | 1 | $ 5,000 | $ 5,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for American 1 Credit Union in 2018
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 Improvement | 359 | $3,235,000 | $9,000 | $55,000 | $56,000 | $230,000 |
| Home Purchase | 1 | $5,000 | $5,000 | $5,000 | $50,000 | $50,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 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 | 318 | $2,930,000 | $9,000 | $55,000 | $56,000 | $230,000 |
| Black or African American | 34 | $240,000 | $7,000 | $25,000 | $53,000 | $135,000 |
| Hispanic | 5 | $55,000 | $11,000 | $25,000 | $45,000 | $74,000 |
| Asian | 2 | $10,000 | $5,000 | $5,000 | $36,000 | $41,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $5,000 | $5,000 | $5,000 | $92,000 | $92,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 360 | $3,240,000 | $9,000 | $55,000 | $56,000 | $230,000 |
| 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 | 215 | $1,845,000 | $8,000 | $35,000 | $56,000 | $169,000 |
| Application Denied By Financial Institution | 102 | $880,000 | $8,000 | $55,000 | $48,000 | $196,000 |
| Application Withdrawn By Applicant | 19 | $195,000 | $10,000 | $25,000 | $62,000 | $180,000 |
| Application Approved But Not Accepted | 19 | $245,000 | $12,000 | $35,000 | $75,000 | $230,000 |
| File Closed For Incompleteness | 5 | $75,000 | $15,000 | $25,000 | $75,000 | $123,000 |
| 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 |
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 | 258 | $2,360,000 | $9,000 | $35,000 | $59,000 | $230,000 |
| Debt-To-Income Ratio | 44 | $510,000 | $11,000 | $55,000 | $50,000 | $154,000 |
| Credit History | 40 | $260,000 | $6,000 | $25,000 | $50,000 | $196,000 |
| Collateral | 11 | $65,000 | $5,000 | $15,000 | $47,000 | $108,000 |
| Employment History | 7 | $45,000 | $6,000 | $15,000 | $26,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American 1 Credit Union's 2018 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 American 1 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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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