Verve, A Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, Verve, A Credit Union of Oshkosh, WI reported 2,230 mortgage applications totaling $371.5 million, up 33% from 2019. The average application was for $166,605, and applicants reported an average income of $90,447. 62% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Oshkosh-Neenah, WI (819), Fond Du Lac, WI (347) and Appleton, WI (257) (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 | 2,230 |
| Total Mortgage Loan Application Amount | $371,530,000 |
| Average Mortgage Loan Application Amount | $166,605 |
| Highest Mortgage Loan Application Amount | $6,035,000 |
| Average Applicant Income | $90,447 |
| Highest Applicant Income | $930,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 819 | $ 124,685,000 | $ 152,240 | $ 91,000 |
| Fond du Lac, Wisconsin | 347 | $ 43,675,000 | $ 125,864 | $ 89,000 |
| Calumet, Wisconsin | 148 | $ 19,210,000 | $ 129,797 | $ 85,000 |
| La Crosse, Wisconsin | 116 | $ 19,250,000 | $ 165,948 | $ 77,000 |
| Outagamie, Wisconsin | 109 | $ 24,275,000 | $ 222,706 | $ 100,000 |
| Cook, Illinois | 93 | $ 24,265,000 | $ 260,913 | $ 151,000 |
| Manitowoc, Wisconsin | 41 | $ 4,705,000 | $ 114,756 | $ 78,000 |
| Brown, Wisconsin | 38 | $ 14,760,000 | $ 388,421 | $ 84,000 |
| Milwaukee, Wisconsin | 36 | $ 14,140,000 | $ 392,777 | $ 91,000 |
| Waushara, Wisconsin | 33 | $ 4,045,000 | $ 122,575 | $ 78,000 |
| Green Lake, Wisconsin | 24 | $ 2,810,000 | $ 117,083 | $ 73,000 |
| Dodge, Wisconsin | 18 | $ 2,290,000 | $ 127,222 | $ 84,000 |
| Vernon, Wisconsin | 14 | $ 1,920,000 | $ 137,142 | $ 71,000 |
| Waupaca, Wisconsin | 12 | $ 1,700,000 | $ 141,666 | $ 93,000 |
| Trempealeau, Wisconsin | 11 | $ 1,425,000 | $ 129,545 | $ 79,000 |
| Houston, Minnesota | 10 | $ 1,330,000 | $ 133,000 | $ 108,000 |
| Monroe, Wisconsin | 10 | $ 4,950,000 | $ 495,000 | $ 91,000 |
| Washington, Wisconsin | 10 | $ 2,350,000 | $ 235,000 | $ 98,000 |
| Waukesha, Wisconsin | 10 | $ 1,810,000 | $ 181,000 | $ 185,000 |
| Marinette, Wisconsin | 9 | $ 875,000 | $ 97,222 | $ 89,000 |
| Lake, Illinois | 7 | $ 2,655,000 | $ 379,285 | $ 184,000 |
| Shawano, Wisconsin | 7 | $ 735,000 | $ 105,000 | $ 66,000 |
| Portage, Wisconsin | 6 | $ 3,740,000 | $ 623,333 | $ 164,000 |
| Forest, Wisconsin | 5 | $ 365,000 | $ 73,000 | $ 84,000 |
| Iron, Wisconsin | 5 | $ 775,000 | $ 155,000 | $ 99,000 |
| Oneida, Wisconsin | 5 | $ 745,000 | $ 149,000 | $ 167,000 |
| Racine, Wisconsin | 5 | $ 385,000 | $ 77,000 | $ 174,000 |
| DuPage, Illinois | 4 | $ 1,090,000 | $ 272,500 | $ 115,000 |
| Langlade, Wisconsin | 4 | $ 1,180,000 | $ 295,000 | $ 198,000 |
| Marquette, Wisconsin | 4 | $ 1,460,000 | $ 365,000 | $ 135,000 |
| Vilas, Wisconsin | 4 | $ 1,250,000 | $ 312,500 | $ 86,000 |
| Kankakee, Illinois | 3 | $ 555,000 | $ 185,000 | $ 101,000 |
| Will, Illinois | 3 | $ 795,000 | $ 265,000 | $ 111,000 |
| Adams, Wisconsin | 3 | $ 385,000 | $ 128,333 | $ 131,000 |
| Door, Wisconsin | 3 | $ 915,000 | $ 305,000 | $ 364,000 |
| Jefferson, Wisconsin | 3 | $ 735,000 | $ 245,000 | $ 113,000 |
| Oconto, Wisconsin | 3 | $ 385,000 | $ 128,333 | $ 62,000 |
| Sheboygan, Wisconsin | 3 | $ 215,000 | $ 71,666 | $ 39,000 |
| Olmsted, Minnesota | 2 | $ 340,000 | $ 170,000 | $ 27,000 |
| Columbia, Wisconsin | 2 | $ 240,000 | $ 120,000 | $ 36,000 |
| Crawford, Wisconsin | 2 | $ 580,000 | $ 290,000 | $ 195,000 |
| Dane, Wisconsin | 2 | $ 190,000 | $ 95,000 | $ 112,000 |
| Florence, Wisconsin | 2 | $ 230,000 | $ 115,000 | $ 130,000 |
| Marathon, Wisconsin | 2 | $ 330,000 | $ 165,000 | $ 69,000 |
| Rock, Wisconsin | 2 | $ 550,000 | $ 275,000 | $ 58,000 |
| Sauk, Wisconsin | 2 | $ 3,450,000 | $ 1,725,000 | $ 0 |
| Walworth, Wisconsin | 2 | $ 700,000 | $ 350,000 | $ 251,000 |
| Sarasota, Florida | 1 | $ 125,000 | $ 125,000 | $ 88,000 |
| McHenry, Illinois | 1 | $ 245,000 | $ 245,000 | $ 131,000 |
| Dakota, Minnesota | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Hennepin, Minnesota | 1 | $ 495,000 | $ 495,000 | $ 226,000 |
| Isanti, Minnesota | 1 | $ 265,000 | $ 265,000 | $ 93,000 |
| Winona, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 154,000 |
| Ashland, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 36,000 |
| Buffalo, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 133,000 |
| Chippewa, Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 84,000 |
| Clark, Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 39,000 |
| Eau Claire, Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 92,000 |
| Jackson, Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 254,000 |
| Kenosha, Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 247,000 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2020
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 | 679 | $147,665,000 | $217,000 | $6,035,000 | $79,000 | $849,000 |
| Refinancing | 649 | $109,145,000 | $168,000 | $945,000 | $101,000 | $914,000 |
| Cash-out Refinancing | 430 | $80,770,000 | $187,000 | $3,585,000 | $92,000 | $930,000 |
| Other Purpose | 284 | $24,940,000 | $87,000 | $505,000 | $89,000 | $831,000 |
| Home Improvement | 188 | $9,010,000 | $47,000 | $445,000 | $94,000 | $600,000 |
| 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 | 1,740 | $251,070,000 | $144,000 | $2,015,000 | $94,000 | $930,000 |
| Not Provided | 326 | $41,210,000 | $126,000 | $885,000 | $70,000 | $606,000 |
| Not applicable | 75 | $63,155,000 | $842,000 | $6,035,000 | $0 | $0 |
| Asian | 40 | $8,630,000 | $215,000 | $525,000 | $99,000 | $310,000 |
| Hispanic | 29 | $5,065,000 | $174,000 | $385,000 | $86,000 | $181,000 |
| Black or African American | 9 | $1,165,000 | $129,000 | $325,000 | $78,000 | $194,000 |
| American Indian or Alaskan Native | 7 | $805,000 | $115,000 | $265,000 | $77,000 | $134,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 2,221 | $370,345,000 | $166,000 | $6,035,000 | $91,000 | $930,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,185,000 | $131,000 | $255,000 | $48,000 | $75,000 |
| 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 | 1,384 | $261,860,000 | $189,000 | $6,035,000 | $100,000 | $930,000 |
| File Closed For Incompleteness | 194 | $24,000,000 | $123,000 | $505,000 | $64,000 | $612,000 |
| Preapproval Denied by Financial Institution | 187 | $25,775,000 | $137,000 | $885,000 | $55,000 | $375,000 |
| Application Withdrawn By Applicant | 185 | $24,215,000 | $130,000 | $515,000 | $84,000 | $307,000 |
| Application Denied By Financial Institution | 184 | $21,430,000 | $116,000 | $435,000 | $89,000 | $914,000 |
| Application Approved But Not Accepted | 74 | $11,440,000 | $154,000 | $805,000 | $109,000 | $705,000 |
| Preapproval Approved but not Accepted | 22 | $2,810,000 | $127,000 | $375,000 | $53,000 | $125,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,859 | $324,325,000 | $174,000 | $6,035,000 | $94,000 | $930,000 |
| Debt-To-Income Ratio | 125 | $16,995,000 | $135,000 | $435,000 | $59,000 | $284,000 |
| Credit History | 102 | $12,280,000 | $120,000 | $885,000 | $76,000 | $375,000 |
| Other | 94 | $12,100,000 | $128,000 | $315,000 | $69,000 | $831,000 |
| Collateral | 27 | $3,235,000 | $119,000 | $405,000 | $118,000 | $914,000 |
| Unverifiable Information | 9 | $1,015,000 | $112,000 | $175,000 | $89,000 | $150,000 |
| Credit Application Incomplete | 5 | $715,000 | $143,000 | $255,000 | $31,000 | $54,000 |
| Employment History | 5 | $515,000 | $103,000 | $145,000 | $154,000 | $600,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $350,000 | $87,000 | $145,000 | $43,000 | $90,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2020 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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