Connexus Credit Union Mortgage Lending & HMDA Data, 2016

In 2016, Connexus Credit Union of Wausau, WI reported 850 mortgage applications totaling $111.8 million, down 26% from 2015. The average application was for $131,476, and applicants reported an average income of $144,678. 66% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (182), Wausau, WI (124) and Miami-Miami Beach-Kendall, FL (29) (applications in parentheses).

Mortgage Company & Address Connexus Credit Union
2600 Pine Ridge
Wausau, WI 54401
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 850
Total Mortgage Loan Application Amount $111,755,000
Average Mortgage Loan Application Amount $131,476
Highest Mortgage Loan Application Amount $1,000,000
Average Applicant Income $144,678
Highest Applicant Income $2,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Connexus Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Connexus Credit Union by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Marathon, Wisconsin 124 $ 14,709,000 $ 118,620 $ 96,000
Hennepin, Minnesota 115 $ 15,279,000 $ 132,860 $ 142,000
Miami-Dade, Florida 29 $ 2,253,000 $ 77,689 $ 194,000
Collier, Florida 25 $ 2,631,000 $ 105,240 $ 223,000
Strafford, New Hampshire 17 $ 3,135,000 $ 184,411 $ 135,000
Cook, Illinois 12 $ 1,000,000 $ 83,333 $ 195,000
Anoka, Minnesota 12 $ 906,000 $ 75,500 $ 170,000
Dakota, Minnesota 11 $ 677,000 $ 61,545 $ 189,000
Rockingham, New Hampshire 11 $ 2,852,000 $ 259,272 $ 179,000
Hamilton, Ohio 11 $ 1,130,000 $ 102,727 $ 109,000
Wright, Minnesota 10 $ 476,000 $ 47,600 $ 121,000
Broward, Florida 9 $ 513,000 $ 57,000 $ 115,000
Lee, Florida 8 $ 591,000 $ 73,875 $ 164,000
Ramsey, Minnesota 8 $ 418,000 $ 52,250 $ 156,000
Sherburne, Minnesota 8 $ 579,000 $ 72,375 $ 112,000
Middlesex, Massachusetts 6 $ 558,000 $ 93,000 $ 202,000
Suffolk, Massachusetts 5 $ 458,000 $ 91,600 $ 653,000
Carver, Minnesota 5 $ 304,000 $ 60,800 $ 130,000
Scott, Minnesota 5 $ 486,000 $ 97,200 $ 255,000
Washington, Minnesota 5 $ 309,000 $ 61,800 $ 155,000
Norfolk, Massachusetts 4 $ 351,000 $ 87,750 $ 176,000
Maricopa, Arizona 3 $ 121,000 $ 40,333 $ 133,000
Los Angeles, California 3 $ 316,000 $ 105,333 $ 187,000
Johnson, Kansas 3 $ 225,000 $ 75,000 $ 139,000
Kenton, Kentucky 3 $ 242,000 $ 80,666 $ 112,000
Butler, Ohio 3 $ 458,000 $ 152,666 $ 76,000
Franklin, Florida 2 $ 313,000 $ 156,500 $ 366,000
Marion, Florida 2 $ 59,000 $ 29,500 $ 51,000
Palm Beach, Florida 2 $ 147,000 $ 73,500 $ 125,000
DuPage, Illinois 2 $ 140,000 $ 70,000 $ 107,000
Lake, Illinois 2 $ 174,000 $ 87,000 $ 325,000
Wabasha, Minnesota 2 $ 40,000 $ 20,000 $ 21,000
Jackson, Missouri 2 $ 72,000 $ 36,000 $ 80,000
Clark, Wisconsin 2 $ 32,000 $ 16,000 $ 102,000
Lincoln, Wisconsin 2 $ 159,000 $ 79,500 $ 93,000
Mobile, Alabama 1 $ 35,000 $ 35,000 $ 137,000
Matanuska-Susitna, Alaska 1 $ 100,000 $ 100,000 $ 164,000
Contra Costa, California 1 $ 40,000 $ 40,000 $ 54,000
Orange, California 1 $ 124,000 $ 124,000 $ 238,000
Riverside, California 1 $ 52,000 $ 52,000 $ 206,000
San Diego, California 1 $ 150,000 $ 150,000 $ 192,000
Solano, California 1 $ 45,000 $ 45,000 $ 130,000
Sonoma, California 1 $ 50,000 $ 50,000 $ 142,000
Ventura, California 1 $ 66,000 $ 66,000 $ 372,000
New Castle, Delaware 1 $ 25,000 $ 25,000 $ 226,000
Charlotte, Florida 1 $ 200,000 $ 200,000 $ 99,000
Manatee, Florida 1 $ 44,000 $ 44,000 $ 119,000
Seminole, Florida 1 $ 80,000 $ 80,000 $ 187,000
St. Johns, Florida 1 $ 500,000 $ 500,000 $ 183,000
Cobb, Georgia 1 $ 50,000 $ 50,000 $ 151,000
Douglas, Georgia 1 $ 17,000 $ 17,000 $ 80,000
Fulton, Georgia 1 $ 155,000 $ 155,000 $ 110,000
Kane, Illinois 1 $ 41,000 $ 41,000 $ 191,000
Ogle, Illinois 1 $ 25,000 $ 25,000 $ 186,000
St. Joseph, Indiana 1 $ 35,000 $ 35,000 $ 135,000
White, Indiana 1 $ 30,000 $ 30,000 $ 158,000
Jefferson, Kentucky 1 $ 37,000 $ 37,000 $ 124,000
York, Maine 1 $ 87,000 $ 87,000 $ 300,000
Bristol, Massachusetts 1 $ 122,000 $ 122,000 $ 130,000
Essex, Massachusetts 1 $ 100,000 $ 100,000 $ 232,000
Aitkin, Minnesota 1 $ 100,000 $ 100,000 $ 287,000
Crow Wing, Minnesota 1 $ 18,000 $ 18,000 $ 92,000
Goodhue, Minnesota 1 $ 50,000 $ 50,000 $ 100,000
Isanti, Minnesota 1 $ 150,000 $ 150,000 $ 141,000
Kanabec, Minnesota 1 $ 18,000 $ 18,000 $ 62,000
Lake, Minnesota 1 $ 98,000 $ 98,000 $ 36,000
Le Sueur, Minnesota 1 $ 85,000 $ 85,000 $ 190,000
Mille Lacs, Minnesota 1 $ 76,000 $ 76,000 $ 117,000
Platte, Missouri 1 $ 80,000 $ 80,000 $ 438,000
St. Louis, Missouri 1 $ 119,000 $ 119,000 $ 200,000
Belknap, New Hampshire 1 $ 30,000 $ 30,000 $ 113,000
Cheshire, New Hampshire 1 $ 42,000 $ 42,000 $ 135,000
Hillsborough, New Hampshire 1 $ 64,000 $ 64,000 $ 219,000
Brunswick, North Carolina 1 $ 57,000 $ 57,000 $ 132,000
Franklin, Ohio 1 $ 70,000 $ 70,000 $ 370,000
Allegheny, Pennsylvania 1 $ 18,000 $ 18,000 $ 152,000
Huntingdon, Pennsylvania 1 $ 20,000 $ 20,000 $ 166,000
Lawrence, Pennsylvania 1 $ 20,000 $ 20,000 $ 158,000
Lebanon, Pennsylvania 1 $ 143,000 $ 143,000 $ 187,000
York, Pennsylvania 1 $ 320,000 $ 320,000 $ 456,000
Greenville, South Carolina 1 $ 77,000 $ 77,000 $ 162,000
Deuel, South Dakota 1 $ 60,000 $ 60,000 $ 147,000
Williamson, Tennessee 1 $ 122,000 $ 122,000 $ 247,000
Clark, Washington 1 $ 140,000 $ 140,000 $ 211,000
King, Washington 1 $ 86,000 $ 86,000 $ 50,000
Kitsap, Washington 1 $ 50,000 $ 50,000 $ 210,000
Brown, Wisconsin 1 $ 12,000 $ 12,000 $ 129,000
Iowa, Wisconsin 1 $ 73,000 $ 73,000 $ 145,000
Milwaukee, Wisconsin 1 $ 40,000 $ 40,000 $ 200,000
Oneida, Wisconsin 1 $ 31,000 $ 31,000 $ 73,000
Price, Wisconsin 1 $ 55,000 $ 55,000 $ 105,000
Walworth, Wisconsin 1 $ 75,000 $ 75,000 $ 384,000
Wood, Wisconsin 1 $ 24,000 $ 24,000 $ 138,000

Mortgage Loan Application Detail Totals for Connexus Credit Union in 2016

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 417 $63,101,000 $151,000 $1,000,000 $133,000 $1,776,000
Home Purchase 312 $42,340,000 $135,000 $747,000 $159,000 $2,500,000
Home Improvement 121 $6,314,000 $52,000 $202,000 $148,000 $411,000

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 659 $89,026,000 $135,000 $1,000,000 $145,000 $2,500,000
Not Provided 114 $13,673,000 $119,000 $417,000 $150,000 $445,000
Asian 33 $3,890,000 $117,000 $417,000 $122,000 $627,000
Hispanic 23 $2,426,000 $105,000 $360,000 $161,000 $544,000
Black or African American 17 $2,082,000 $122,000 $400,000 $104,000 $203,000
Native Hawaiin or Other Pacific Islander 2 $168,000 $84,000 $111,000 $173,000 $215,000
American Indian or Alaskan Native 2 $490,000 $245,000 $400,000 $206,000 $256,000
Not applicable 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) 850 $111,755,000 $131,000 $1,000,000 $145,000 $2,500,000
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 559 $74,776,000 $133,000 $747,000 $148,000 $2,500,000
Application Denied By Financial Institution 139 $18,234,000 $131,000 $720,000 $113,000 $875,000
Application Withdrawn By Applicant 101 $8,627,000 $85,000 $500,000 $172,000 $627,000
File Closed For Incompleteness 35 $8,203,000 $234,000 $1,000,000 $175,000 $1,776,000
Preapproval Denied by Financial Institution 16 $1,915,000 $119,000 $260,000 $65,000 $147,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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
Credit History 49 $6,981,000 $142,000 $720,000 $101,000 $325,000
Debt-To-Income Ratio 38 $4,640,000 $122,000 $417,000 $78,000 $267,000
Collateral 29 $4,693,000 $161,000 $480,000 $143,000 $875,000
Other 26 $2,277,000 $87,000 $335,000 $132,000 $245,000
Employment History 7 $792,000 $113,000 $183,000 $102,000 $365,000
Insufficient Cash (Downpayment, Closing Cost) 2 $364,000 $182,000 $184,000 $111,000 $127,000
Unverifiable Information 2 $283,000 $141,000 $222,000 $49,000 $98,000
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 Connexus Credit Union's 2016 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 Connexus 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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