Boeing Employees Credit Union Mortgage Lending & HMDA Data, 2009
In 2009, Boeing Employees Credit Union of Tukwila, WA reported 17,768 mortgage applications totaling $4.2 billion, up 75% from 2008. The average application was for $238,615, and applicants reported an average income of $97,733. 44% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (9,997), Tacoma, WA (1,872) and Olympia, WA (304) (applications in parentheses).
| Mortgage Company & Address | Boeing Employees Credit Union 12770 Gateway Drive Tukwila, WA 98168 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 17,768 |
| Total Mortgage Loan Application Amount | $4,239,714,000 |
| Average Mortgage Loan Application Amount | $238,615 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $97,733 |
| Highest Applicant Income | $1,911,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Boeing Employees Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Seattle-Bellevue-Everett, WA | 9,997 | $ 2,511,522,000 | $ 251,227 | $ 105,000 |
| Tacoma, WA | 1,872 | $ 399,300,000 | $ 213,301 | $ 94,000 |
| Olympia, WA | 304 | $ 67,135,000 | $ 220,838 | $ 96,000 |
| Bremerton-Silverdale, WA | 199 | $ 46,406,000 | $ 233,195 | $ 101,000 |
| Mount Vernon-Anacortes, WA | 178 | $ 38,151,000 | $ 214,331 | $ 87,000 |
| Phoenix-Mesa-Scottsdale, AZ | 142 | $ 21,927,000 | $ 154,415 | $ 99,000 |
| Portland-Vancouver-Beaverton, OR-WA | 138 | $ 29,755,000 | $ 215,615 | $ 104,826 |
| Spokane, WA | 82 | $ 13,956,000 | $ 170,195 | $ 86,000 |
| Wenatchee-East Wenatchee, WA | 80 | $ 17,698,000 | $ 221,225 | $ 132,000 |
| Bellingham, WA | 73 | $ 15,254,000 | $ 208,958 | $ 99,000 |
| Los Angeles-Long Beach-Glendale, CA | 40 | $ 11,368,000 | $ 284,200 | $ 136,000 |
| Tucson, AZ | 31 | $ 4,764,000 | $ 153,677 | $ 116,000 |
| San Diego-Carlsbad-San Marcos, CA | 29 | $ 7,989,000 | $ 275,482 | $ 111,000 |
| Riverside-San Bernardino-Ontario, CA | 28 | $ 7,435,000 | $ 265,535 | $ 169,000 |
| Kennewick-Pasco-Richland, WA | 26 | $ 3,871,000 | $ 148,884 | $ 87,000 |
| Santa Ana-Anaheim-Irvine, CA | 25 | $ 7,450,000 | $ 298,000 | $ 158,000 |
| Yakima, WA | 21 | $ 3,159,000 | $ 150,428 | $ 72,000 |
| St. Louis, MO-IL | 17 | $ 2,580,000 | $ 151,764 | $ 100,117 |
| Oakland-Fremont-Hayward, CA | 16 | $ 4,446,000 | $ 277,875 | $ 118,000 |
| Chicago-Naperville-Joliet, IL | 15 | $ 4,143,000 | $ 276,200 | $ 130,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 13 | $ 2,710,000 | $ 208,461 | $ 88,000 |
| Bend, OR | 11 | $ 2,061,000 | $ 187,363 | $ 117,000 |
| Longview, WA | 9 | $ 1,014,000 | $ 112,666 | $ 57,000 |
| Philadelphia, PA | 8 | $ 1,748,000 | $ 218,500 | $ 93,000 |
| Eugene-Springfield, OR | 7 | $ 1,046,000 | $ 149,428 | $ 76,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 6 | $ 1,577,000 | $ 262,833 | $ 128,000 |
| San Francisco-San Mateo-Redwood City, CA | 5 | $ 2,733,000 | $ 546,600 | $ 218,000 |
| Kansas City, MO-KS | 4 | $ 533,000 | $ 133,250 | $ 73,250 |
| Lake Havasu City-Kingman, AZ | 4 | $ 482,000 | $ 120,500 | $ 50,000 |
| Salem, OR | 4 | $ 521,000 | $ 130,250 | $ 53,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 1,389,000 | $ 347,250 | $ 148,000 |
| Wichita, KS | 4 | $ 672,000 | $ 168,000 | $ 136,000 |
| Medford, OR | 3 | $ 835,000 | $ 278,333 | $ 144,000 |
| Bakersfield, CA | 2 | $ 495,000 | $ 247,500 | $ 186,000 |
| Columbia, MO | 2 | $ 244,000 | $ 122,000 | $ 67,000 |
| Fresno, CA | 2 | $ 399,000 | $ 199,500 | $ 85,000 |
| Prescott, AZ | 2 | $ 275,000 | $ 137,500 | $ 61,000 |
| Redding, CA | 2 | $ 498,000 | $ 249,000 | $ 85,000 |
| Salinas, CA | 2 | $ 380,000 | $ 190,000 | $ 75,000 |
| San Luis Obispo-Paso Robles, CA | 2 | $ 353,000 | $ 176,500 | $ 61,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 282,000 | $ 141,000 | $ 96,000 |
| Springfield, MO | 2 | $ 172,000 | $ 86,000 | $ 119,000 |
| Yuma, AZ | 2 | $ 212,000 | $ 106,000 | $ 77,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 259,000 | $ 259,000 | $ 188,000 |
| Champaign-Urbana, IL | 1 | $ 120,000 | $ 120,000 | $ 22,000 |
| Chico, CA | 1 | $ 178,000 | $ 178,000 | $ 135,000 |
| Corvallis, OR | 1 | $ 330,000 | $ 330,000 | $ 97,000 |
| Erie, PA | 1 | $ 113,000 | $ 113,000 | $ 47,000 |
| Harrisburg-Carlisle, PA | 1 | $ 144,000 | $ 144,000 | $ 177,000 |
| Joplin, MO | 1 | $ 72,000 | $ 72,000 | $ 358,000 |
| Merced, CA | 1 | $ 148,000 | $ 148,000 | $ 86,000 |
| Modesto, CA | 1 | $ 89,000 | $ 89,000 | $ 72,000 |
| Peoria, IL | 1 | $ 99,000 | $ 99,000 | $ 55,000 |
| Rockford, IL | 1 | $ 182,000 | $ 182,000 | $ 53,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 333,000 | $ 333,000 | $ 105,000 |
| State College, PA | 1 | $ 240,000 | $ 240,000 | $ 107,000 |
| Stockton, CA | 1 | $ 212,000 | $ 212,000 | $ 168,000 |
| York-Hanover, PA | 1 | $ 195,000 | $ 195,000 | $ 47,000 |
Mortgage Loan Application Detail Totals for Boeing Employees Credit Union in 2009
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 | 10,602 | $2,543,794,000 | $239,000 | $2,500,000 | $107,000 | $1,370,000 |
| Home Purchase | 7,161 | $1,694,014,000 | $236,000 | $2,499,000 | $84,000 | $1,911,000 |
| Home Improvement | 5 | $1,906,000 | $381,000 | $550,000 | $118,000 | $173,000 |
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 | 11,439 | $2,665,618,000 | $233,000 | $2,500,000 | $95,000 | $1,842,000 |
| Not Provided | 3,297 | $831,586,000 | $252,000 | $1,600,000 | $111,000 | $1,911,000 |
| Asian | 1,716 | $442,861,000 | $258,000 | $1,425,000 | $98,000 | $961,000 |
| Hispanic | 570 | $129,978,000 | $228,000 | $1,800,000 | $85,000 | $1,450,000 |
| Black or African American | 437 | $98,527,000 | $225,000 | $730,000 | $76,000 | $300,000 |
| Native Hawaiian or Other Pacific Islander | 160 | $37,922,000 | $237,000 | $920,000 | $86,000 | $711,000 |
| American Indian or Alaskan Native | 149 | $33,222,000 | $222,000 | $506,000 | $85,000 | $478,000 |
| Not applicable | 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) | 17,768 | $4,239,714,000 | $238,000 | $2,500,000 | $98,000 | $1,911,000 |
| 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 | 7,781 | $1,755,977,000 | $225,000 | $2,499,000 | $103,000 | $1,842,000 |
| Application Approved But Not Accepted | 3,532 | $910,090,000 | $257,000 | $2,500,000 | $113,000 | $1,450,000 |
| Application Denied By Financial Institution | 2,613 | $641,148,000 | $245,000 | $1,278,000 | $80,000 | $1,911,000 |
| Preapproval Approved but not Accepted | 1,684 | $438,090,000 | $260,000 | $1,500,000 | $94,000 | $1,065,000 |
| Preapproval Denied by Financial Institution | 1,552 | $328,208,000 | $211,000 | $1,150,000 | $58,000 | $260,000 |
| Application Withdrawn By Applicant | 484 | $130,418,000 | $269,000 | $1,350,000 | $118,000 | $961,000 |
| File Closed For Incompleteness | 122 | $35,783,000 | $293,000 | $1,600,000 | $136,000 | $1,069,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Boeing Employees Credit Union's 2009 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 Boeing Employees 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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