Members First Credit Union Mortgage Lending & HMDA Data, 2019
In 2019, Members First Credit Union of Corpus Christi, TX reported 187 mortgage applications totaling $20.3 million, down 4% from 2018. The average application was for $108,368, and applicants reported an average income of $79,941. 26% of its applications resulted in an originated loan and 34% were denied. Its largest markets were Corpus Christi, TX (118), Brownsville-Harlingen, TX (9) and Houston-The Woodlands-Sugar Land, TX (1) (applications in parentheses).
| Mortgage Company & Address | Members First Credit Union 5444 S. Staples Corpus Christi, TX 78411 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 187 |
| Total Mortgage Loan Application Amount | $20,265,000 |
| Average Mortgage Loan Application Amount | $108,368 |
| Highest Mortgage Loan Application Amount | $545,000 |
| Average Applicant Income | $79,941 |
| Highest Applicant Income | $474,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Members First Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Members First Credit Union in 2019
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 82 | $6,310,000 | $76,000 | $215,000 | $77,000 | $474,000 |
| Home Purchase | 77 | $12,055,000 | $156,000 | $545,000 | $89,000 | $348,000 |
| Refinancing | 16 | $1,110,000 | $69,000 | $175,000 | $64,000 | $160,000 |
| Home Improvement | 10 | $640,000 | $64,000 | $105,000 | $60,000 | $120,000 |
| Other Purpose | 2 | $150,000 | $75,000 | $95,000 | $79,000 | $92,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 115 | $11,495,000 | $99,000 | $545,000 | $76,000 | $279,000 |
| White | 59 | $7,495,000 | $127,000 | $425,000 | $89,000 | $474,000 |
| Black or African American | 7 | $485,000 | $69,000 | $165,000 | $73,000 | $154,000 |
| Not Provided | 2 | $90,000 | $45,000 | $55,000 | $31,000 | $44,000 |
| Not applicable | 1 | $45,000 | $45,000 | $45,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $365,000 | $365,000 | $365,000 | $129,000 | $129,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 187 | $20,265,000 | $108,000 | $545,000 | $80,000 | $474,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 64 | $4,180,000 | $65,000 | $165,000 | $52,000 | $185,000 |
| Loan Originated | 48 | $5,450,000 | $113,000 | $455,000 | $104,000 | $474,000 |
| Preapproval Denied by Financial Institution | 36 | $5,380,000 | $149,000 | $425,000 | $72,000 | $246,000 |
| Preapproval Approved but not Accepted | 16 | $3,310,000 | $206,000 | $545,000 | $119,000 | $348,000 |
| Application Approved But Not Accepted | 12 | $1,050,000 | $87,000 | $205,000 | $87,000 | $171,000 |
| File Closed For Incompleteness | 9 | $705,000 | $78,000 | $125,000 | $95,000 | $217,000 |
| Application Withdrawn By Applicant | 2 | $190,000 | $95,000 | $105,000 | $92,000 | $120,000 |
| Loan Purchased By The 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 | 87 | $10,705,000 | $123,000 | $545,000 | $103,000 | $474,000 |
| Debt-To-Income Ratio | 46 | $4,400,000 | $95,000 | $385,000 | $49,000 | $111,000 |
| Credit History | 33 | $3,045,000 | $92,000 | $405,000 | $69,000 | $246,000 |
| Unverifiable Information | 7 | $615,000 | $87,000 | $115,000 | $38,000 | $84,000 |
| Collateral | 7 | $455,000 | $65,000 | $85,000 | $69,000 | $124,000 |
| Employment History | 3 | $715,000 | $238,000 | $425,000 | $128,000 | $185,000 |
| Other | 2 | $100,000 | $50,000 | $65,000 | $53,000 | $79,000 |
| Credit Application Incomplete | 1 | $85,000 | $85,000 | $85,000 | $79,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $145,000 | $145,000 | $145,000 | $55,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Members First Credit Union's 2019 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 First 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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