Members Cooperative Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, Members Cooperative Credit Union of Duluth, MN reported 1,591 mortgage applications totaling $248.9 million, down 29% from 2020. The average application was for $156,420, and applicants reported an average income of $77,120. 61% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Duluth, MN-WI (697), Minneapolis-St. Paul-Bloomington, MN-WI (143) and San Jose-Sunnyvale-Santa Clara, CA (15) (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 | 1,591 |
| Total Mortgage Loan Application Amount | $248,865,000 |
| Average Mortgage Loan Application Amount | $156,420 |
| Highest Mortgage Loan Application Amount | $655,000 |
| Average Applicant Income | $77,120 |
| Highest Applicant Income | $838,000 |
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Members Cooperative Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Duluth, MN-WI | 697 | $ 107,105,000 | $ 153,665 | $ 77,901 |
| Outside any metro area | 547 | $ 82,665,000 | $ 151,124 | $ 72,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 143 | $ 29,555,000 | $ 206,678 | $ 97,482 |
| San Jose-Sunnyvale-Santa Clara, CA | 15 | $ 3,725,000 | $ 248,333 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 11 | $ 1,965,000 | $ 178,636 | $ 0 |
| San Diego-Carlsbad, CA | 10 | $ 1,430,000 | $ 143,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 8 | $ 1,790,000 | $ 223,750 | $ 0 |
| Columbia, SC | 7 | $ 555,000 | $ 79,285 | $ 0 |
| Alexandria, LA | 6 | $ 560,000 | $ 93,333 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 6 | $ 870,000 | $ 145,000 | $ 0 |
| Baton Rouge, LA | 5 | $ 565,000 | $ 113,000 | $ 0 |
| San Antonio-New Braunfels, TX | 5 | $ 725,000 | $ 145,000 | $ 0 |
| Charleston-North Charleston, SC | 4 | $ 460,000 | $ 115,000 | $ 0 |
| Macon-Bibb County, GA | 4 | $ 710,000 | $ 177,500 | $ 0 |
| Ocala, FL | 4 | $ 480,000 | $ 120,000 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 4 | $ 520,000 | $ 130,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 490,000 | $ 122,500 | $ 0 |
| Birmingham-Hoover, AL | 3 | $ 445,000 | $ 148,333 | $ 0 |
| Gainesville, FL | 3 | $ 505,000 | $ 168,333 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 3 | $ 275,000 | $ 91,666 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 305,000 | $ 101,666 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 355,000 | $ 118,333 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 575,000 | $ 191,666 | $ 0 |
| Albany, GA | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 220,000 | $ 110,000 | $ 0 |
| Auburn-Opelika, AL | 2 | $ 300,000 | $ 150,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Beaumont-Port Arthur, TX | 2 | $ 230,000 | $ 115,000 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 170,000 | $ 85,000 | $ 0 |
| Dallas-Plano-Irving, TX | 2 | $ 260,000 | $ 130,000 | $ 0 |
| Fort Smith, AR-OK | 2 | $ 190,000 | $ 95,000 | $ 0 |
| Hot Springs, AR | 2 | $ 200,000 | $ 100,000 | $ 0 |
| Jackson, TN | 2 | $ 250,000 | $ 125,000 | $ 0 |
| Jacksonville, FL | 2 | $ 330,000 | $ 165,000 | $ 101,000 |
| Lafayette, LA | 2 | $ 130,000 | $ 65,000 | $ 0 |
| Lake Charles, LA | 2 | $ 170,000 | $ 85,000 | $ 0 |
| Lakeland-Winter Haven, FL | 2 | $ 130,000 | $ 65,000 | $ 0 |
| Memphis, TN-MS-AR | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Napa, CA | 2 | $ 750,000 | $ 375,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 200,000 | $ 100,000 | $ 0 |
| Oklahoma City, OK | 2 | $ 130,000 | $ 65,000 | $ 0 |
| Pine Bluff, AR | 2 | $ 320,000 | $ 160,000 | $ 0 |
| Shreveport-Bossier City, LA | 2 | $ 360,000 | $ 180,000 | $ 0 |
| St. Cloud, MN | 2 | $ 490,000 | $ 245,000 | $ 60,000 |
| Texarkana, TX-AR | 2 | $ 250,000 | $ 125,000 | $ 0 |
| Tulsa, OK | 2 | $ 130,000 | $ 65,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 150,000 | $ 75,000 | $ 0 |
| Amarillo, TX | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Athens-Clarke County, GA | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Bakersfield, CA | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Brunswick, GA | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Clarksville, TN-KY | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Daphne-Fairhope-Foley, AL | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Fargo, ND-MN | 1 | $ 255,000 | $ 255,000 | $ 178,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Grand Forks, ND-MN | 1 | $ 45,000 | $ 45,000 | $ 76,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Hattiesburg, MS | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Hinesville, GA | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Madera, CA | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Madison, WI | 1 | $ 25,000 | $ 25,000 | $ 111,000 |
| Mankato-North Mankato, MN | 1 | $ 45,000 | $ 45,000 | $ 76,000 |
| Midland, TX | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Modesto, CA | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Monroe, LA | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Montgomery, AL | 1 | $ 165,000 | $ 165,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Odessa, TX | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Portland-South Portland, ME | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Reading, PA | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Redding, CA | 1 | $ 95,000 | $ 95,000 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Santa Rosa, CA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Savannah, GA | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Sherman-Denison, TX | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Sumter, SC | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Tallahassee, FL | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Topeka, KS | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Tuscaloosa, AL | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Tyler, TX | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Valdosta, GA | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Vallejo-Fairfield, CA | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Victoria, TX | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Warner Robins, GA | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Wausau, WI | 1 | $ 125,000 | $ 125,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for Members Cooperative Credit Union in 2021
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 | 701 | $113,755,000 | $162,000 | $545,000 | $73,000 | $390,000 |
| Refinancing | 667 | $106,255,000 | $159,000 | $655,000 | $79,000 | $401,000 |
| Cash-out Refinancing | 156 | $21,950,000 | $140,000 | $485,000 | $89,000 | $838,000 |
| Home Improvement | 66 | $6,790,000 | $102,000 | $475,000 | $74,000 | $185,000 |
| Other Purpose | 1 | $115,000 | $115,000 | $115,000 | $64,000 | $64,000 |
| 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 | 1,124 | $184,360,000 | $164,000 | $655,000 | $76,000 | $838,000 |
| Not applicable | 323 | $42,805,000 | $132,000 | $395,000 | $0 | $0 |
| Not Provided | 109 | $16,165,000 | $148,000 | $485,000 | $100,000 | $401,000 |
| American Indian or Alaskan Native | 20 | $3,130,000 | $156,000 | $345,000 | $82,000 | $159,000 |
| Hispanic | 8 | $950,000 | $118,000 | $355,000 | $49,000 | $111,000 |
| Asian | 3 | $685,000 | $228,000 | $475,000 | $71,000 | $102,000 |
| Black or African American | 3 | $435,000 | $145,000 | $205,000 | $40,000 | $49,000 |
| 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) | 1,589 | $248,625,000 | $156,000 | $655,000 | $78,000 | $838,000 |
| FHA-insured (Federal Housing Administration) | 2 | $240,000 | $120,000 | $195,000 | $89,000 | $90,000 |
| 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 | 968 | $157,910,000 | $163,000 | $605,000 | $78,000 | $390,000 |
| Loan Purchased By The Institution | 297 | $39,775,000 | $133,000 | $395,000 | $0 | $0 |
| Application Withdrawn By Applicant | 176 | $29,710,000 | $168,000 | $605,000 | $83,000 | $838,000 |
| Application Denied By Financial Institution | 111 | $15,875,000 | $143,000 | $555,000 | $63,000 | $401,000 |
| File Closed For Incompleteness | 37 | $5,275,000 | $142,000 | $655,000 | $88,000 | $364,000 |
| Application Approved But Not Accepted | 2 | $320,000 | $160,000 | $175,000 | $127,000 | $193,000 |
| 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 | 1,480 | $232,990,000 | $157,000 | $655,000 | $79,000 | $838,000 |
| Credit History | 45 | $5,485,000 | $121,000 | $555,000 | $66,000 | $144,000 |
| Debt-To-Income Ratio | 45 | $6,705,000 | $149,000 | $335,000 | $46,000 | $159,000 |
| Collateral | 18 | $3,270,000 | $181,000 | $405,000 | $94,000 | $401,000 |
| Other | 3 | $415,000 | $138,000 | $265,000 | $78,000 | $96,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Members Cooperative Credit Union's 2021 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.
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