Gas & Electric Credit Union Mortgage Lending & HMDA Data, 2010
In 2010, Gas & Electric Credit Union of Rock Island, IL reported 68 mortgage applications totaling $4.5 million, up 3% from 2009. The average application was for $65,676, and applicants reported an average income of $89,411. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (55), Iowa City, IA (3) and Des Moines-West Des Moines, IA (2) (applications in parentheses).
| Mortgage Company & Address | Gas & Electric Credit Union 2300 4th Ave Rock Island, IL 61201 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 |
| Total Number of Mortgage Applications | 68 |
| Total Mortgage Loan Application Amount | $4,466,000 |
| Average Mortgage Loan Application Amount | $65,676 |
| Highest Mortgage Loan Application Amount | $230,000 |
| Average Applicant Income | $89,411 |
| Highest Applicant Income | $255,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gas & Electric Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Rock Island, Illinois | 30 | $ 1,860,000 | $ 62,000 | $ 77,000 |
| Scott, Iowa | 19 | $ 1,349,000 | $ 71,000 | $ 103,000 |
| Henry, Illinois | 5 | $ 272,000 | $ 54,400 | $ 80,000 |
| Muscatine, Iowa | 5 | $ 401,000 | $ 80,200 | $ 114,000 |
| Johnson, Iowa | 3 | $ 199,000 | $ 66,333 | $ 100,000 |
| Clinton, Iowa | 2 | $ 89,000 | $ 44,500 | $ 75,000 |
| Mercer, Illinois | 1 | $ 20,000 | $ 20,000 | $ 133,000 |
| Appanoose, Iowa | 1 | $ 22,000 | $ 22,000 | $ 34,000 |
| Dallas, Iowa | 1 | $ 230,000 | $ 230,000 | $ 120,000 |
| Warren, Iowa | 1 | $ 24,000 | $ 24,000 | $ 109,000 |
Mortgage Loan Application Detail Totals for Gas & Electric Credit Union in 2010
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 | 36 | $2,903,000 | $80,000 | $230,000 | $88,000 | $189,000 |
| Home Improvement | 29 | $1,189,000 | $41,000 | $100,000 | $94,000 | $255,000 |
| Home Purchase | 3 | $374,000 | $124,000 | $172,000 | $62,000 | $138,000 |
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 | 59 | $3,988,000 | $67,000 | $230,000 | $91,000 | $255,000 |
| Not Provided | 4 | $132,000 | $33,000 | $50,000 | $68,000 | $99,000 |
| Black or African American | 3 | $203,000 | $67,000 | $92,000 | $98,000 | $172,000 |
| Hispanic | 2 | $143,000 | $71,000 | $82,000 | $57,000 | $69,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 68 | $4,466,000 | $65,000 | $230,000 | $89,000 | $255,000 |
| 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 | 64 | $4,263,000 | $66,000 | $230,000 | $91,000 | $255,000 |
| Application Denied By Financial Institution | 4 | $203,000 | $50,000 | $100,000 | $64,000 | $133,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Collateral | 2 | $45,000 | $22,000 | $25,000 | $78,000 | $133,000 |
| Credit History | 1 | $58,000 | $58,000 | $58,000 | $60,000 | $60,000 |
| Debt-To-Income Ratio | 1 | $100,000 | $100,000 | $100,000 | $39,000 | $39,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gas & Electric Credit Union's 2010 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 Gas & Electric 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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