Educators Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, Educators Credit Union of Mount Pleasant, WI reported 10,060 mortgage applications totaling $1.3 billion, up 92% from 2019. The average application was for $133,007, and applicants reported an average income of $98,588. 56% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (3,908), Racine, WI (2,589) and Lake County-Kenosha County, IL-WI (922) (applications in parentheses).
| Mortgage Company & Address | Educators Credit Union 1326 Willow Rd Mount Pleasant, WI 53177 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 | 10,060 |
| Total Mortgage Loan Application Amount | $1,338,060,000 |
| Average Mortgage Loan Application Amount | $133,007 |
| Highest Mortgage Loan Application Amount | $1,255,000 |
| Average Applicant Income | $98,588 |
| Highest Applicant Income | $8,320,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Educators Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Educators 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 |
|---|---|---|---|---|---|---|
| Refinancing | 5,146 | $748,150,000 | $145,000 | $1,255,000 | $98,000 | $2,489,000 |
| Home Purchase | 2,850 | $442,640,000 | $155,000 | $1,085,000 | $78,000 | $2,283,000 |
| Cash-out Refinancing | 1,714 | $130,580,000 | $76,000 | $825,000 | $127,000 | $8,320,000 |
| Home Improvement | 199 | $6,355,000 | $31,000 | $385,000 | $87,000 | $330,000 |
| Other Purpose | 151 | $10,335,000 | $68,000 | $995,000 | $200,000 | $4,338,000 |
| 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 | 7,315 | $1,011,875,000 | $138,000 | $1,085,000 | $104,000 | $8,320,000 |
| Black or African American | 1,327 | $143,495,000 | $108,000 | $705,000 | $86,000 | $6,786,000 |
| Hispanic | 979 | $117,955,000 | $120,000 | $575,000 | $75,000 | $1,940,000 |
| Asian | 201 | $32,765,000 | $163,000 | $1,255,000 | $103,000 | $706,000 |
| Not applicable | 94 | $11,240,000 | $119,000 | $425,000 | $0 | $0 |
| Not Provided | 82 | $11,690,000 | $142,000 | $505,000 | $72,000 | $960,000 |
| American Indian or Alaskan Native | 39 | $5,535,000 | $141,000 | $495,000 | $84,000 | $188,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $935,000 | $187,000 | $455,000 | $109,000 | $207,000 |
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) | 10,060 | $1,338,060,000 | $133,000 | $1,255,000 | $98,000 | $8,320,000 |
| 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 | 5,624 | $758,290,000 | $134,000 | $1,255,000 | $99,000 | $701,000 |
| Application Withdrawn By Applicant | 2,499 | $351,905,000 | $140,000 | $1,085,000 | $102,000 | $6,269,000 |
| Preapproval Denied by Financial Institution | 879 | $122,335,000 | $139,000 | $605,000 | $58,000 | $2,088,000 |
| Application Denied By Financial Institution | 699 | $63,575,000 | $90,000 | $585,000 | $106,000 | $8,320,000 |
| File Closed For Incompleteness | 358 | $41,850,000 | $116,000 | $705,000 | $137,000 | $4,338,000 |
| Preapproval Approved but not Accepted | 1 | $105,000 | $105,000 | $105,000 | $60,000 | $60,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 |
|---|---|---|---|---|---|---|
| Not applicable | 8,482 | $1,152,150,000 | $135,000 | $1,255,000 | $102,000 | $6,269,000 |
| Credit History | 852 | $100,810,000 | $118,000 | $605,000 | $105,000 | $8,320,000 |
| Debt-To-Income Ratio | 658 | $76,820,000 | $116,000 | $585,000 | $50,000 | $211,000 |
| Collateral | 29 | $2,835,000 | $97,000 | $285,000 | $120,000 | $1,080,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $2,095,000 | $139,000 | $295,000 | $79,000 | $516,000 |
| Employment History | 12 | $1,250,000 | $104,000 | $185,000 | $37,000 | $102,000 |
| Unverifiable Information | 8 | $1,580,000 | $197,000 | $325,000 | $78,000 | $236,000 |
| Other | 4 | $520,000 | $130,000 | $255,000 | $50,000 | $56,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Educators 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 Educators 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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with aggregated HMDA statistics today.
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