Verve, A Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Verve, A Credit Union of Oshkosh, WI reported 1,676 mortgage applications totaling $336.0 million, down 28% from 2021. The average application was for $200,489, and applicants reported an average income of $98,127. 56% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Oshkosh-Neenah, WI (541), Fond Du Lac, WI (262) and Appleton, WI (187) (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 | 1,676 |
| Total Mortgage Loan Application Amount | $336,020,000 |
| Average Mortgage Loan Application Amount | $200,489 |
| Highest Mortgage Loan Application Amount | $15,005,000 |
| Average Applicant Income | $98,127 |
| Highest Applicant Income | $1,381,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Oshkosh-Neenah, WI | 541 | $ 85,175,000 | $ 157,439 | $ 98,000 |
| Fond Du Lac, WI | 262 | $ 31,250,000 | $ 119,274 | $ 102,000 |
| Appleton, WI | 187 | $ 36,985,000 | $ 197,780 | $ 99,000 |
| Outside any metro area | 151 | $ 24,965,000 | $ 165,331 | $ 114,357 |
| La Crosse-Onalaska, WI-MN | 89 | $ 10,285,000 | $ 115,561 | $ 96,056 |
| Chicago-Naperville, IL | 79 | $ 29,105,000 | $ 368,417 | $ 136,000 |
| Milwaukee-Waukesha-West Allis, WI | 45 | $ 17,615,000 | $ 391,444 | $ 132,000 |
| Green Bay, WI | 33 | $ 18,155,000 | $ 550,151 | $ 142,000 |
| Racine, WI | 5 | $ 1,355,000 | $ 271,000 | $ 214,000 |
| Sheboygan, WI | 4 | $ 710,000 | $ 177,500 | $ 186,000 |
| Wausau, WI | 4 | $ 690,000 | $ 172,500 | $ 248,000 |
| Elgin, IL | 2 | $ 370,000 | $ 185,000 | $ 82,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 170,000 | $ 85,000 | $ 71,000 |
| Eau Claire, WI | 1 | $ 15,005,000 | $ 15,005,000 | $ 0 |
| Lakeland-Winter Haven, FL | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Madison, WI | 1 | $ 185,000 | $ 185,000 | $ 89,000 |
| Muncie, IN | 1 | $ 11,605,000 | $ 11,605,000 | $ 0 |
| Pittsfield, MA | 1 | $ 505,000 | $ 505,000 | $ 0 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2022
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 | 688 | $185,200,000 | $269,000 | $9,945,000 | $99,000 | $1,112,000 |
| Home Improvement | 301 | $18,295,000 | $60,000 | $425,000 | $110,000 | $1,200,000 |
| Cash-out Refinancing | 282 | $77,190,000 | $273,000 | $15,005,000 | $92,000 | $833,000 |
| Other Purpose | 273 | $21,875,000 | $80,000 | $1,205,000 | $96,000 | $1,381,000 |
| Refinancing | 132 | $33,460,000 | $253,000 | $11,605,000 | $84,000 | $462,000 |
| 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 | 1,289 | $208,065,000 | $161,000 | $15,005,000 | $99,000 | $1,381,000 |
| Not Provided | 224 | $52,630,000 | $234,000 | $11,605,000 | $87,000 | $696,000 |
| Not applicable | 72 | $56,770,000 | $788,000 | $9,945,000 | $0 | $0 |
| Hispanic | 34 | $5,580,000 | $164,000 | $615,000 | $109,000 | $465,000 |
| Asian | 25 | $5,305,000 | $212,000 | $575,000 | $84,000 | $189,000 |
| Black or African American | 20 | $4,690,000 | $234,000 | $1,125,000 | $146,000 | $528,000 |
| American Indian or Alaskan Native | 3 | $205,000 | $68,000 | $135,000 | $89,000 | $114,000 |
| 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) | 1,664 | $334,500,000 | $201,000 | $15,005,000 | $99,000 | $1,381,000 |
| FHA-insured (Federal Housing Administration) | 12 | $1,520,000 | $126,000 | $165,000 | $58,000 | $72,000 |
| 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 | 945 | $187,345,000 | $198,000 | $9,945,000 | $110,000 | $1,112,000 |
| Application Denied By Financial Institution | 180 | $44,560,000 | $247,000 | $15,005,000 | $85,000 | $682,000 |
| Preapproval Denied by Financial Institution | 162 | $30,420,000 | $187,000 | $865,000 | $61,000 | $170,000 |
| Application Withdrawn By Applicant | 137 | $31,925,000 | $233,000 | $11,605,000 | $130,000 | $1,381,000 |
| File Closed For Incompleteness | 103 | $13,835,000 | $134,000 | $1,205,000 | $60,000 | $246,000 |
| Preapproval Approved but not Accepted | 99 | $20,555,000 | $207,000 | $505,000 | $79,000 | $264,000 |
| Application Approved But Not Accepted | 50 | $7,380,000 | $147,000 | $645,000 | $84,000 | $204,000 |
| 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 | 1,334 | $261,040,000 | $195,000 | $11,605,000 | $105,000 | $1,381,000 |
| Debt-To-Income Ratio | 152 | $30,460,000 | $200,000 | $1,075,000 | $61,000 | $299,000 |
| Other | 74 | $12,170,000 | $164,000 | $3,005,000 | $76,000 | $682,000 |
| Credit History | 66 | $7,890,000 | $119,000 | $385,000 | $75,000 | $254,000 |
| Collateral | 17 | $3,335,000 | $196,000 | $545,000 | $163,000 | $530,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $16,815,000 | $1,528,000 | $15,005,000 | $68,000 | $115,000 |
| Employment History | 9 | $1,905,000 | $211,000 | $865,000 | $66,000 | $135,000 |
| Credit Application Incomplete | 8 | $1,810,000 | $226,000 | $385,000 | $76,000 | $121,000 |
| Unverifiable Information | 5 | $595,000 | $119,000 | $175,000 | $101,000 | $143,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2022 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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