Co-Op Credit Union Mortgage Lending & HMDA Data, 2019

In 2019, Co-Op Credit Union of Black River Falls, WI reported 503 mortgage applications totaling $56.2 million, up 26% from 2018. The average application was for $111,799, and applicants reported an average income of $70,530. 87% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Eau Claire, WI (60), La Crosse-Onalaska, WI-MN (28) and Janesville-Beloit, WI (2) (applications in parentheses).

Mortgage Company & Address Co-Op Credit Union
100 E Main St
Black River Falls, WI 54615
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  
Total Number of Mortgage Applications 503
Total Mortgage Loan Application Amount $56,235,000
Average Mortgage Loan Application Amount $111,799
Highest Mortgage Loan Application Amount $435,000
Average Applicant Income $70,530
Highest Applicant Income $726,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Co-Op Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Co-Op Credit Union by Metropolitan Area in 2019

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Outside any metro area 398 $ 44,140,000 $ 110,904 $ 69,773
Eau Claire, WI 60 $ 6,900,000 $ 115,000 $ 85,000
La Crosse-Onalaska, WI-MN 28 $ 3,350,000 $ 119,642 $ 57,000
Janesville-Beloit, WI 2 $ 120,000 $ 60,000 $ 82,000
Madison, WI 2 $ 230,000 $ 115,000 $ 33,000
Appleton, WI 1 $ 235,000 $ 235,000 $ 84,000
Fond Du Lac, WI 1 $ 75,000 $ 75,000 $ 39,000
Green Bay, WI 1 $ 165,000 $ 165,000 $ 153,000
Oshkosh-Neenah, WI 1 $ 135,000 $ 135,000 $ 113,000
Rochester, MN 1 $ 25,000 $ 25,000 $ 0

Mortgage Loan Application Detail Totals for Co-Op Credit Union in 2019

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 206 $24,300,000 $117,000 $385,000 $70,000 $726,000
Cash-out Refinancing 118 $13,870,000 $117,000 $335,000 $76,000 $325,000
Refinancing 108 $13,420,000 $124,000 $435,000 $82,000 $335,000
Other Purpose 64 $3,760,000 $58,000 $245,000 $43,000 $157,000
Not Applicable 5 $585,000 $117,000 $245,000 $0 $0
Home Improvement 2 $300,000 $150,000 $185,000 $64,000 $71,000

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 477 $53,575,000 $112,000 $435,000 $71,000 $726,000
Hispanic 8 $890,000 $111,000 $235,000 $79,000 $212,000
American Indian or Alaskan Native 6 $600,000 $100,000 $205,000 $47,000 $81,000
Not Provided 6 $520,000 $86,000 $115,000 $77,000 $119,000
Not applicable 5 $585,000 $117,000 $245,000 $0 $0
Asian 1 $65,000 $65,000 $65,000 $46,000 $46,000
Black or African American 0 $0 $0 $0 $0 $0
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) 503 $56,235,000 $111,000 $435,000 $71,000 $726,000
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 437 $49,345,000 $112,000 $435,000 $72,000 $726,000
Application Withdrawn By Applicant 27 $3,265,000 $120,000 $385,000 $66,000 $135,000
Application Denied By Financial Institution 26 $2,430,000 $93,000 $265,000 $58,000 $230,000
File Closed For Incompleteness 4 $300,000 $75,000 $175,000 $39,000 $56,000
Preapproval Approved but not Accepted 4 $540,000 $135,000 $235,000 $62,000 $95,000
Preapproval Denied by Financial Institution 4 $340,000 $85,000 $125,000 $58,000 $90,000
Application Approved But Not Accepted 1 $15,000 $15,000 $15,000 $100,000 $100,000
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 473 $53,465,000 $113,000 $435,000 $71,000 $726,000
Debt-To-Income Ratio 12 $1,130,000 $94,000 $265,000 $42,000 $116,000
Credit History 11 $825,000 $75,000 $195,000 $74,000 $230,000
Collateral 3 $455,000 $151,000 $185,000 $87,000 $114,000
Employment History 2 $120,000 $60,000 $65,000 $30,000 $34,000
Insufficient Cash (Downpayment, Closing Cost) 1 $135,000 $135,000 $135,000 $51,000 $51,000
Other 1 $105,000 $105,000 $105,000 $59,000 $59,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Co-Op Credit Union's 2019 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 Co-Op 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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