Verve, A Credit Union Mortgage Lending & HMDA Data, 2009
In 2009, Verve, A Credit Union of Oshkosh, WI reported 904 mortgage applications totaling $103.5 million, up 29% from 2008. The average application was for $114,473, and applicants reported an average income of $68,360. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Oshkosh-Neenah, WI (635), Fond Du Lac, WI (99) and Appleton, WI (40) (applications in parentheses).
| Mortgage Company & Address | Verve, A Credit Union 2900 Universal St Oshkosh, WI 54904 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 904 |
| Total Mortgage Loan Application Amount | $103,484,000 |
| Average Mortgage Loan Application Amount | $114,473 |
| Highest Mortgage Loan Application Amount | $453,000 |
| Average Applicant Income | $68,360 |
| Highest Applicant Income | $516,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Winnebago, Wisconsin | 636 | $ 70,731,000 | $ 111,212 | $ 68,000 |
| Fond du Lac, Wisconsin | 99 | $ 11,058,000 | $ 111,696 | $ 67,000 |
| Outagamie, Wisconsin | 29 | $ 4,181,000 | $ 144,172 | $ 71,000 |
| Waushara, Wisconsin | 26 | $ 2,803,000 | $ 107,807 | $ 65,000 |
| Green Lake, Wisconsin | 13 | $ 1,085,000 | $ 83,461 | $ 54,000 |
| Waupaca, Wisconsin | 12 | $ 2,032,000 | $ 169,333 | $ 107,000 |
| Calumet, Wisconsin | 11 | $ 1,742,000 | $ 158,363 | $ 68,000 |
| Milwaukee, Wisconsin | 5 | $ 805,000 | $ 161,000 | $ 84,000 |
| Door, Wisconsin | 4 | $ 635,000 | $ 158,750 | $ 86,000 |
| Washington, Wisconsin | 4 | $ 559,000 | $ 139,750 | $ 84,000 |
| Sheboygan, Wisconsin | 3 | $ 453,000 | $ 151,000 | $ 80,000 |
| Brown, Wisconsin | 2 | $ 334,000 | $ 167,000 | $ 112,000 |
| Columbia, Wisconsin | 2 | $ 187,000 | $ 93,500 | $ 73,000 |
| Dodge, Wisconsin | 2 | $ 640,000 | $ 320,000 | $ 142,000 |
| Florence, Wisconsin | 2 | $ 105,000 | $ 52,500 | $ 18,000 |
| Jefferson, Wisconsin | 2 | $ 235,000 | $ 117,500 | $ 63,000 |
| Oconto, Wisconsin | 2 | $ 156,000 | $ 78,000 | $ 57,000 |
| Oneida, Wisconsin | 2 | $ 180,000 | $ 90,000 | $ 83,000 |
| Waukesha, Wisconsin | 2 | $ 433,000 | $ 216,500 | $ 146,000 |
| Cook, Illinois | 1 | $ 348,000 | $ 348,000 | $ 159,000 |
| Aiken, South Carolina | 1 | $ 384,000 | $ 384,000 | $ 90,000 |
| Collin, Texas | 1 | $ 237,000 | $ 237,000 | $ 83,000 |
| Snohomish, Washington | 1 | $ 200,000 | $ 200,000 | $ 95,000 |
| Adams, Wisconsin | 1 | $ 150,000 | $ 150,000 | $ 34,000 |
| Dane, Wisconsin | 1 | $ 124,000 | $ 124,000 | $ 42,000 |
| Eau Claire, Wisconsin | 1 | $ 161,000 | $ 161,000 | $ 96,000 |
| Grant, Wisconsin | 1 | $ 117,000 | $ 117,000 | $ 36,000 |
| Langlade, Wisconsin | 1 | $ 168,000 | $ 168,000 | $ 60,000 |
| Marquette, Wisconsin | 1 | $ 110,000 | $ 110,000 | $ 144,000 |
| Price, Wisconsin | 1 | $ 29,000 | $ 29,000 | $ 93,000 |
| Shawano, Wisconsin | 1 | $ 117,000 | $ 117,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Verve, A 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 | 698 | $81,509,000 | $116,000 | $452,000 | $72,000 | $516,000 |
| Home Purchase | 203 | $21,624,000 | $106,000 | $453,000 | $56,000 | $297,000 |
| Home Improvement | 3 | $351,000 | $117,000 | $153,000 | $58,000 | $75,000 |
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 | 881 | $101,126,000 | $114,000 | $453,000 | $68,000 | $398,000 |
| Asian | 11 | $1,025,000 | $93,000 | $183,000 | $100,000 | $516,000 |
| Hispanic | 6 | $749,000 | $124,000 | $184,000 | $81,000 | $146,000 |
| American Indian or Alaskan Native | 3 | $196,000 | $65,000 | $75,000 | $49,000 | $67,000 |
| Black or African American | 2 | $373,000 | $186,000 | $237,000 | $62,000 | $83,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $15,000 | $15,000 | $15,000 | $53,000 | $53,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 897 | $102,783,000 | $114,000 | $453,000 | $68,000 | $516,000 |
| FHA-insured (Federal Housing Administration) | 7 | $701,000 | $100,000 | $189,000 | $38,000 | $67,000 |
| 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 | 689 | $77,320,000 | $112,000 | $441,000 | $70,000 | $516,000 |
| Application Approved But Not Accepted | 102 | $13,271,000 | $130,000 | $453,000 | $70,000 | $219,000 |
| Application Denied By Financial Institution | 65 | $7,849,000 | $120,000 | $307,000 | $55,000 | $173,000 |
| Preapproval Denied by Financial Institution | 28 | $2,471,000 | $88,000 | $238,000 | $45,000 | $154,000 |
| Application Withdrawn By Applicant | 13 | $1,409,000 | $108,000 | $216,000 | $57,000 | $104,000 |
| File Closed For Incompleteness | 7 | $1,164,000 | $166,000 | $258,000 | $87,000 | $141,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 26 | $2,566,000 | $98,000 | $263,000 | $32,000 | $79,000 |
| Credit History | 25 | $2,379,000 | $95,000 | $238,000 | $57,000 | $173,000 |
| Unverifiable Information | 14 | $2,282,000 | $163,000 | $307,000 | $77,000 | $163,000 |
| Mortgage Insurance Denied | 5 | $605,000 | $121,000 | $162,000 | $57,000 | $95,000 |
| Collateral | 4 | $658,000 | $164,000 | $191,000 | $86,000 | $117,000 |
| Other | 3 | $198,000 | $66,000 | $80,000 | $43,000 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $147,000 | $147,000 | $147,000 | $79,000 | $79,000 |
| 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 Verve, A 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 Verve, A 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 Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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