Members Cooperative Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, Members Cooperative Credit Union of Duluth, MN reported 2,256 mortgage applications totaling $318.1 million, up 31% from 2019. The average application was for $140,979, and applicants reported an average income of $75,472. 54% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Duluth, MN-WI (670), Minneapolis-St. Paul-Bloomington, MN-WI (139) and Houston-The Woodlands-Sugar Land, TX (22) (applications in parentheses).
| Mortgage Company & Address | Members Cooperative Credit Union 4628 Mike Colalillo Dr Duluth, MN 55816 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 | 2,256 |
| Total Mortgage Loan Application Amount | $318,050,000 |
| Average Mortgage Loan Application Amount | $140,979 |
| Highest Mortgage Loan Application Amount | $9,935,000 |
| Average Applicant Income | $75,472 |
| Highest Applicant Income | $780,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Members Cooperative Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 797 | $ 117,625,000 | $ 147,584 | $ 72,984 |
| Duluth, MN-WI | 670 | $ 97,800,000 | $ 145,970 | $ 75,223 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 139 | $ 26,045,000 | $ 187,374 | $ 101,000 |
| Houston-The Woodlands-Sugar Land, TX | 22 | $ 3,040,000 | $ 138,181 | $ 87,000 |
| Tampa-St. Petersburg-Clearwater, FL | 20 | $ 2,720,000 | $ 136,000 | $ 83,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 17 | $ 1,695,000 | $ 99,705 | $ 89,647 |
| Birmingham-Hoover, AL | 16 | $ 2,190,000 | $ 136,875 | $ 79,000 |
| Gainesville, FL | 16 | $ 1,810,000 | $ 113,125 | $ 60,000 |
| Lafayette, LA | 16 | $ 1,610,000 | $ 100,625 | $ 73,000 |
| Columbia, SC | 14 | $ 1,340,000 | $ 95,714 | $ 62,000 |
| Ocala, FL | 14 | $ 1,530,000 | $ 109,285 | $ 67,000 |
| Tulsa, OK | 14 | $ 1,420,000 | $ 101,428 | $ 82,000 |
| Jacksonville, FL | 13 | $ 1,995,000 | $ 153,461 | $ 99,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 12 | $ 1,720,000 | $ 143,333 | $ 88,000 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 1,085,000 | $ 98,636 | $ 72,000 |
| Shreveport-Bossier City, LA | 11 | $ 1,005,000 | $ 91,363 | $ 71,000 |
| Orlando-Kissimmee-Sanford, FL | 10 | $ 1,290,000 | $ 129,000 | $ 66,000 |
| Tucson, AZ | 10 | $ 1,140,000 | $ 114,000 | $ 83,000 |
| Atlanta-Sandy Springs-Roswell, GA | 9 | $ 1,405,000 | $ 156,111 | $ 80,000 |
| Baton Rouge, LA | 9 | $ 845,000 | $ 93,888 | $ 55,000 |
| Oklahoma City, OK | 9 | $ 815,000 | $ 90,555 | $ 64,000 |
| San Antonio-New Braunfels, TX | 9 | $ 1,005,000 | $ 111,666 | $ 77,000 |
| Charleston-North Charleston, SC | 8 | $ 950,000 | $ 118,750 | $ 62,000 |
| Little Rock-North Little Rock-Conway, AR | 8 | $ 1,100,000 | $ 137,500 | $ 75,000 |
| Pensacola-Ferry Pass-Brent, FL | 8 | $ 910,000 | $ 113,750 | $ 78,000 |
| Dallas-Plano-Irving, TX | 7 | $ 935,000 | $ 133,571 | $ 69,000 |
| Fort Worth-Arlington, TX | 7 | $ 1,145,000 | $ 163,571 | $ 79,000 |
| Knoxville, TN | 7 | $ 675,000 | $ 96,428 | $ 65,000 |
| Augusta-Richmond County, GA-SC | 6 | $ 640,000 | $ 106,666 | $ 86,000 |
| Monroe, LA | 6 | $ 740,000 | $ 123,333 | $ 62,000 |
| Texarkana, TX-AR | 6 | $ 660,000 | $ 110,000 | $ 58,000 |
| Austin-Round Rock, TX | 5 | $ 445,000 | $ 89,000 | $ 68,000 |
| Homosassa Springs, FL | 5 | $ 505,000 | $ 101,000 | $ 39,000 |
| Longview, TX | 5 | $ 495,000 | $ 99,000 | $ 79,000 |
| Pine Bluff, AR | 5 | $ 645,000 | $ 129,000 | $ 74,000 |
| Alexandria, LA | 4 | $ 420,000 | $ 105,000 | $ 47,000 |
| Beaumont-Port Arthur, TX | 4 | $ 470,000 | $ 117,500 | $ 106,000 |
| Cleveland, TN | 4 | $ 460,000 | $ 115,000 | $ 46,000 |
| Daphne-Fairhope-Foley, AL | 4 | $ 370,000 | $ 92,500 | $ 49,000 |
| Hattiesburg, MS | 4 | $ 570,000 | $ 142,500 | $ 97,000 |
| Lake Charles, LA | 4 | $ 590,000 | $ 147,500 | $ 95,000 |
| Lakeland-Winter Haven, FL | 4 | $ 530,000 | $ 132,500 | $ 56,000 |
| Macon-Bibb County, GA | 4 | $ 710,000 | $ 177,500 | $ 73,000 |
| Montgomery, AL | 4 | $ 490,000 | $ 122,500 | $ 73,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 520,000 | $ 130,000 | $ 88,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 520,000 | $ 130,000 | $ 70,000 |
| St. Cloud, MN | 4 | $ 1,120,000 | $ 280,000 | $ 96,000 |
| Tuscaloosa, AL | 4 | $ 460,000 | $ 115,000 | $ 59,000 |
| Amarillo, TX | 3 | $ 365,000 | $ 121,666 | $ 58,000 |
| Athens-Clarke County, GA | 3 | $ 455,000 | $ 151,666 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 515,000 | $ 171,666 | $ 116,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 445,000 | $ 148,333 | $ 99,000 |
| Hammond, LA | 3 | $ 355,000 | $ 118,333 | $ 89,000 |
| Jackson, MS | 3 | $ 365,000 | $ 121,666 | $ 62,000 |
| Memphis, TN-MS-AR | 3 | $ 305,000 | $ 101,666 | $ 64,666 |
| Mobile, AL | 3 | $ 295,000 | $ 98,333 | $ 54,000 |
| Rome, GA | 3 | $ 255,000 | $ 85,000 | $ 68,000 |
| Salem, OR | 3 | $ 185,000 | $ 61,666 | $ 37,000 |
| San Angelo, TX | 3 | $ 445,000 | $ 148,333 | $ 91,000 |
| Tallahassee, FL | 3 | $ 325,000 | $ 108,333 | $ 99,000 |
| Warner Robins, GA | 3 | $ 325,000 | $ 108,333 | $ 55,000 |
| Albuquerque, NM | 2 | $ 140,000 | $ 70,000 | $ 39,000 |
| Anniston-Oxford-Jacksonville, AL | 2 | $ 290,000 | $ 145,000 | $ 66,000 |
| Bend-Redmond, OR | 2 | $ 230,000 | $ 115,000 | $ 107,000 |
| Brunswick, GA | 2 | $ 210,000 | $ 105,000 | $ 54,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 210,000 | $ 105,000 | $ 60,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 320,000 | $ 160,000 | $ 67,000 |
| Dalton, GA | 2 | $ 230,000 | $ 115,000 | $ 72,000 |
| Dothan, AL | 2 | $ 130,000 | $ 65,000 | $ 44,000 |
| Eugene, OR | 2 | $ 280,000 | $ 140,000 | $ 63,000 |
| Fayetteville, NC | 2 | $ 230,000 | $ 115,000 | $ 56,000 |
| Florence, SC | 2 | $ 230,000 | $ 115,000 | $ 64,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 100,000 | $ 50,000 | $ 73,000 |
| Fort Smith, AR-OK | 2 | $ 210,000 | $ 105,000 | $ 53,500 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 150,000 | $ 75,000 | $ 41,000 |
| Gulfport-Biloxi-Pascagoula, MS | 2 | $ 190,000 | $ 95,000 | $ 43,000 |
| Hot Springs, AR | 2 | $ 140,000 | $ 70,000 | $ 41,000 |
| Jackson, TN | 2 | $ 250,000 | $ 125,000 | $ 73,000 |
| Killeen-Temple, TX | 2 | $ 200,000 | $ 100,000 | $ 45,000 |
| Lubbock, TX | 2 | $ 120,000 | $ 60,000 | $ 30,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 160,000 | $ 80,000 | $ 51,000 |
| Morristown, TN | 2 | $ 290,000 | $ 145,000 | $ 138,000 |
| Odessa, TX | 2 | $ 280,000 | $ 140,000 | $ 98,000 |
| Panama City, FL | 2 | $ 310,000 | $ 155,000 | $ 96,000 |
| Port St. Lucie, FL | 2 | $ 270,000 | $ 135,000 | $ 73,000 |
| Savannah, GA | 2 | $ 190,000 | $ 95,000 | $ 41,000 |
| The Villages, FL | 2 | $ 110,000 | $ 55,000 | $ 64,000 |
| Tyler, TX | 2 | $ 180,000 | $ 90,000 | $ 92,000 |
| Albany, GA | 1 | $ 125,000 | $ 125,000 | $ 77,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 185,000 | $ 185,000 | $ 101,000 |
| Asheville, NC | 1 | $ 95,000 | $ 95,000 | $ 31,000 |
| Chattanooga, TN-GA | 1 | $ 95,000 | $ 95,000 | $ 67,000 |
| Columbus, GA-AL | 1 | $ 65,000 | $ 65,000 | $ 32,000 |
| Corpus Christi, TX | 1 | $ 35,000 | $ 35,000 | $ 22,000 |
| Decatur, AL | 1 | $ 135,000 | $ 135,000 | $ 67,000 |
| Florence-Muscle Shoals, AL | 1 | $ 125,000 | $ 125,000 | $ 68,000 |
| Goldsboro, NC | 1 | $ 65,000 | $ 65,000 | $ 44,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 95,000 | $ 95,000 | $ 32,000 |
| Hinesville, GA | 1 | $ 25,000 | $ 25,000 | $ 21,000 |
| Houma-Thibodaux, LA | 1 | $ 115,000 | $ 115,000 | $ 72,000 |
| Huntsville, AL | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Jonesboro, AR | 1 | $ 45,000 | $ 45,000 | $ 49,000 |
| Kansas City, MO-KS | 1 | $ 145,000 | $ 145,000 | $ 54,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 45,000 | $ 45,000 | $ 66,000 |
| Lawton, OK | 1 | $ 105,000 | $ 105,000 | $ 27,000 |
| Mankato-North Mankato, MN | 1 | $ 225,000 | $ 225,000 | $ 77,000 |
| Midland, TX | 1 | $ 165,000 | $ 165,000 | $ 51,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 105,000 | $ 105,000 | $ 90,000 |
| New Orleans-Metairie, LA | 1 | $ 145,000 | $ 145,000 | $ 125,000 |
| Olympia-Tumwater, WA | 1 | $ 95,000 | $ 95,000 | $ 95,000 |
| Punta Gorda, FL | 1 | $ 55,000 | $ 55,000 | $ 44,000 |
| Raleigh, NC | 1 | $ 85,000 | $ 85,000 | $ 46,000 |
| Rochester, MN | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
| Rocky Mount, NC | 1 | $ 65,000 | $ 65,000 | $ 32,000 |
| San Diego-Carlsbad, CA | 1 | $ 135,000 | $ 135,000 | $ 128,000 |
| Sherman-Denison, TX | 1 | $ 55,000 | $ 55,000 | $ 41,000 |
| Spartanburg, SC | 1 | $ 105,000 | $ 105,000 | $ 85,000 |
| Springfield, MO | 1 | $ 155,000 | $ 155,000 | $ 130,000 |
| St. Louis, MO-IL | 1 | $ 105,000 | $ 105,000 | $ 37,000 |
| Sumter, SC | 1 | $ 105,000 | $ 105,000 | $ 49,000 |
| Tacoma-Lakewood, WA | 1 | $ 105,000 | $ 105,000 | $ 65,000 |
| Valdosta, GA | 1 | $ 45,000 | $ 45,000 | $ 30,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 75,000 | $ 75,000 | $ 60,000 |
| Wheeling, WV-OH | 1 | $ 135,000 | $ 135,000 | $ 50,000 |
| Winchester, VA-WV | 1 | $ 115,000 | $ 115,000 | $ 60,000 |
| Yuma, AZ | 1 | $ 55,000 | $ 55,000 | $ 50,000 |
Mortgage Loan Application Detail Totals for Members Cooperative 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,492 | $204,670,000 | $137,000 | $9,935,000 | $72,000 | $500,000 |
| Refinancing | 643 | $100,065,000 | $155,000 | $995,000 | $84,000 | $780,000 |
| Cash-out Refinancing | 80 | $9,860,000 | $123,000 | $695,000 | $75,000 | $194,000 |
| Home Improvement | 41 | $3,455,000 | $84,000 | $345,000 | $69,000 | $148,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 1,848 | $256,410,000 | $138,000 | $995,000 | $75,000 | $683,000 |
| Not Provided | 158 | $31,010,000 | $196,000 | $9,935,000 | $94,000 | $780,000 |
| Hispanic | 78 | $9,160,000 | $117,000 | $235,000 | $71,000 | $165,000 |
| Black or African American | 74 | $7,820,000 | $105,000 | $235,000 | $58,000 | $168,000 |
| Not applicable | 51 | $7,065,000 | $138,000 | $715,000 | $0 | $0 |
| American Indian or Alaskan Native | 36 | $5,230,000 | $145,000 | $285,000 | $77,000 | $149,000 |
| Asian | 10 | $1,320,000 | $132,000 | $245,000 | $53,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $35,000 | $35,000 | $35,000 | $63,000 | $63,000 |
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) | 2,230 | $313,930,000 | $140,000 | $9,935,000 | $76,000 | $780,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,870,000 | $159,000 | $365,000 | $67,000 | $143,000 |
| VA-guaranteed (Veterans Administration) | 6 | $970,000 | $161,000 | $195,000 | $72,000 | $98,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $280,000 | $140,000 | $165,000 | $47,000 | $48,000 |
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 | 1,225 | $174,415,000 | $142,000 | $995,000 | $74,000 | $367,000 |
| Application Approved But Not Accepted | 571 | $68,345,000 | $119,000 | $465,000 | $76,000 | $500,000 |
| Application Denied By Financial Institution | 209 | $35,005,000 | $167,000 | $9,935,000 | $62,000 | $204,000 |
| Application Withdrawn By Applicant | 199 | $30,835,000 | $154,000 | $545,000 | $90,000 | $780,000 |
| File Closed For Incompleteness | 52 | $9,450,000 | $181,000 | $485,000 | $97,000 | $289,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,047 | $283,045,000 | $138,000 | $995,000 | $77,000 | $780,000 |
| Credit History | 70 | $8,090,000 | $115,000 | $425,000 | $69,000 | $185,000 |
| Debt-To-Income Ratio | 60 | $7,700,000 | $128,000 | $305,000 | $44,000 | $130,000 |
| Collateral | 44 | $14,860,000 | $337,000 | $9,935,000 | $70,000 | $194,000 |
| Other | 21 | $3,115,000 | $148,000 | $365,000 | $78,000 | $163,000 |
| Employment History | 7 | $575,000 | $82,000 | $165,000 | $70,000 | $204,000 |
| Unverifiable Information | 4 | $420,000 | $105,000 | $115,000 | $62,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $245,000 | $81,000 | $115,000 | $48,000 | $58,000 |
| 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 Members Cooperative 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 Members Cooperative 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 Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About