Verve, A Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Verve, A Credit Union of Oshkosh, WI reported 1,136 mortgage applications totaling $218.7 million, up 4% from 2023. The average application was for $192,535, and applicants reported an average income of $111,109. 60% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Oshkosh-Neenah, WI (398), Fond Du Lac, WI (194) and Appleton, WI (102) (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 | 1,136 |
| Total Mortgage Loan Application Amount | $218,720,000 |
| Average Mortgage Loan Application Amount | $192,535 |
| Highest Mortgage Loan Application Amount | $12,505,000 |
| Average Applicant Income | $111,109 |
| Highest Applicant Income | $7,722,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 398 | $ 76,660,000 | $ 192,613 | $ 103,000 |
| Fond du Lac, Wisconsin | 194 | $ 19,520,000 | $ 100,618 | $ 97,000 |
| La Crosse, Wisconsin | 59 | $ 7,605,000 | $ 128,898 | $ 86,000 |
| Calumet, Wisconsin | 56 | $ 6,410,000 | $ 114,464 | $ 113,000 |
| Outagamie, Wisconsin | 46 | $ 9,520,000 | $ 206,956 | $ 117,000 |
| Cook, Illinois | 33 | $ 15,315,000 | $ 464,090 | $ 120,000 |
| Milwaukee, Wisconsin | 26 | $ 10,380,000 | $ 399,230 | $ 141,000 |
| Green Lake, Wisconsin | 24 | $ 3,130,000 | $ 130,416 | $ 95,000 |
| Manitowoc, Wisconsin | 22 | $ 1,990,000 | $ 90,454 | $ 117,000 |
| Waushara, Wisconsin | 19 | $ 3,865,000 | $ 203,421 | $ 117,000 |
| Dodge, Wisconsin | 15 | $ 5,615,000 | $ 374,333 | $ 84,000 |
| Brown, Wisconsin | 12 | $ 9,380,000 | $ 781,666 | $ 98,000 |
| Marinette, Wisconsin | 6 | $ 550,000 | $ 91,666 | $ 115,000 |
| Waupaca, Wisconsin | 6 | $ 650,000 | $ 108,333 | $ 92,000 |
| Marquette, Wisconsin | 5 | $ 735,000 | $ 147,000 | $ 108,000 |
| Waukesha, Wisconsin | 5 | $ 1,295,000 | $ 259,000 | $ 756,000 |
| Monroe, Wisconsin | 4 | $ 440,000 | $ 110,000 | $ 87,000 |
| Portage, Wisconsin | 4 | $ 1,370,000 | $ 342,500 | $ 159,000 |
| Jackson, Wisconsin | 3 | $ 385,000 | $ 128,333 | $ 130,000 |
| Shawano, Wisconsin | 3 | $ 715,000 | $ 238,333 | $ 94,000 |
| Vernon, Wisconsin | 3 | $ 155,000 | $ 51,666 | $ 45,000 |
| Washington, Wisconsin | 3 | $ 1,445,000 | $ 481,666 | $ 150,000 |
| Hennepin, Minnesota | 2 | $ 720,000 | $ 360,000 | $ 200,000 |
| Houston, Minnesota | 2 | $ 70,000 | $ 35,000 | $ 68,000 |
| Crawford, Wisconsin | 2 | $ 230,000 | $ 115,000 | $ 139,000 |
| Eau Claire, Wisconsin | 2 | $ 130,000 | $ 65,000 | $ 101,000 |
| Marathon, Wisconsin | 2 | $ 140,000 | $ 70,000 | $ 166,000 |
| Oconto, Wisconsin | 2 | $ 270,000 | $ 135,000 | $ 143,000 |
| Sheboygan, Wisconsin | 2 | $ 100,000 | $ 50,000 | $ 84,000 |
| Kane, Illinois | 1 | $ 2,565,000 | $ 2,565,000 | $ 0 |
| McHenry, Illinois | 1 | $ 625,000 | $ 625,000 | $ 350,000 |
| Will, Illinois | 1 | $ 305,000 | $ 305,000 | $ 145,000 |
| Summit, Ohio | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Clark, Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 94,000 |
| Dane, Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 59,000 |
| Door, Wisconsin | 1 | $ 595,000 | $ 595,000 | $ 699,000 |
| Forest, Wisconsin | 1 | $ 465,000 | $ 465,000 | $ 362,000 |
| Juneau, Wisconsin | 1 | $ 15,000 | $ 15,000 | $ 53,000 |
| Lafayette, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 168,000 |
| Ozaukee, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 225,000 |
| Pierce, Wisconsin | 1 | $ 455,000 | $ 455,000 | $ 213,000 |
| Racine, Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 113,000 |
| Sauk, Wisconsin | 1 | $ 275,000 | $ 275,000 | $ 73,000 |
| Trempealeau, Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 143,000 |
| Wood, Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2024
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 | 368 | $110,910,000 | $301,000 | $7,425,000 | $127,000 | $7,722,000 |
| Home Improvement | 338 | $22,660,000 | $67,000 | $635,000 | $108,000 | $1,050,000 |
| Other Purpose | 290 | $25,800,000 | $88,000 | $855,000 | $97,000 | $2,668,000 |
| Cash-out Refinancing | 83 | $11,645,000 | $140,000 | $595,000 | $102,000 | $584,000 |
| Refinancing | 57 | $47,705,000 | $836,000 | $12,505,000 | $112,000 | $228,000 |
| 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 | 808 | $100,670,000 | $124,000 | $855,000 | $114,000 | $7,722,000 |
| Not Provided | 186 | $25,570,000 | $137,000 | $705,000 | $100,000 | $2,668,000 |
| Not applicable | 78 | $82,920,000 | $1,063,000 | $12,505,000 | $0 | $0 |
| Hispanic | 25 | $2,885,000 | $115,000 | $475,000 | $85,000 | $203,000 |
| Asian | 22 | $4,670,000 | $212,000 | $435,000 | $151,000 | $552,000 |
| Black or African American | 8 | $910,000 | $113,000 | $195,000 | $64,000 | $150,000 |
| American Indian or Alaskan Native | 7 | $695,000 | $99,000 | $245,000 | $78,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $400,000 | $200,000 | $205,000 | $40,000 | $54,000 |
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) | 1,134 | $218,400,000 | $192,000 | $12,505,000 | $111,000 | $7,722,000 |
| FHA-insured (Federal Housing Administration) | 2 | $320,000 | $160,000 | $165,000 | $82,000 | $98,000 |
| 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 | 679 | $139,585,000 | $205,000 | $12,505,000 | $120,000 | $2,668,000 |
| Application Denied By Financial Institution | 121 | $11,705,000 | $96,000 | $675,000 | $78,000 | $334,000 |
| Application Withdrawn By Applicant | 92 | $25,000,000 | $271,000 | $7,425,000 | $80,000 | $320,000 |
| Preapproval Approved but not Accepted | 88 | $21,460,000 | $243,000 | $765,000 | $191,000 | $7,722,000 |
| File Closed For Incompleteness | 78 | $6,910,000 | $88,000 | $395,000 | $62,000 | $304,000 |
| Preapproval Denied by Financial Institution | 58 | $10,820,000 | $186,000 | $705,000 | $70,000 | $552,000 |
| Application Approved But Not Accepted | 20 | $3,240,000 | $162,000 | $355,000 | $91,000 | $172,000 |
| 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 | 957 | $196,195,000 | $205,000 | $12,505,000 | $118,000 | $7,722,000 |
| Debt-To-Income Ratio | 95 | $14,165,000 | $149,000 | $705,000 | $69,000 | $234,000 |
| Credit History | 48 | $4,500,000 | $93,000 | $335,000 | $81,000 | $334,000 |
| Other | 17 | $1,145,000 | $67,000 | $155,000 | $68,000 | $145,000 |
| Collateral | 7 | $335,000 | $47,000 | $85,000 | $90,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,665,000 | $333,000 | $675,000 | $71,000 | $85,000 |
| Credit Application Incomplete | 4 | $230,000 | $57,000 | $105,000 | $42,000 | $68,000 |
| Employment History | 3 | $485,000 | $161,000 | $275,000 | $224,000 | $552,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2024 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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