Prime Financial Credit Union Mortgage Lending & HMDA Data, 2005

In 2005, Prime Financial Credit Union of Cudahy, WI reported 318 mortgage applications totaling $15.9 million, up 3% from 2004. The average application was for $50,028, and applicants reported an average income of $56,022. 98% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (100), Minneapolis-St. Paul-Bloomington, MN-WI (15) and Chicago-Naperville-Joliet, IL (5) (applications in parentheses).

Mortgage Company & Address Prime Financial Credit Union
5656 S Packard Ave
Cudahy, WI 53110
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 318
Total Mortgage Loan Application Amount $15,909,000
Average Mortgage Loan Application Amount $50,028
Highest Mortgage Loan Application Amount $330,000
Average Applicant Income $56,022
Highest Applicant Income $480,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Prime Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Prime Financial Credit Union by County in 2005

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Milwaukee, Wisconsin 86 $ 4,323,000 $ 50,267 $ 47,000
Waukesha, Wisconsin 10 $ 751,000 $ 75,100 $ 97,000
Ramsey, Minnesota 6 $ 293,000 $ 48,833 $ 49,000
Lake, Illinois 3 $ 161,000 $ 53,666 $ 65,000
McHenry, Illinois 3 $ 783,000 $ 261,000 $ 136,000
Sangamon, Illinois 3 $ 142,000 $ 47,333 $ 36,000
Polk, Iowa 3 $ 138,000 $ 46,000 $ 38,000
Whitley, Kentucky 3 $ 135,000 $ 45,000 $ 29,000
Calhoun, Michigan 3 $ 66,000 $ 22,000 $ 30,000
Wayne, Michigan 3 $ 137,000 $ 45,666 $ 88,000
Wright, Minnesota 3 $ 130,000 $ 43,333 $ 49,000
Berks, Pennsylvania 3 $ 231,000 $ 77,000 $ 83,000
Lawrence, Pennsylvania 3 $ 118,000 $ 39,333 $ 35,000
Washington, Wisconsin 3 $ 502,000 $ 167,333 $ 65,000
Cook, Illinois 2 $ 253,000 $ 126,500 $ 44,000
Lee, Illinois 2 $ 45,000 $ 22,500 $ 89,000
Butler, Kansas 2 $ 67,000 $ 33,500 $ 38,000
Cherokee, Kansas 2 $ 60,000 $ 30,000 $ 30,000
Saline, Kansas 2 $ 122,000 $ 61,000 $ 50,000
Johnson, Kentucky 2 $ 62,000 $ 31,000 $ 31,000
Magoffin, Kentucky 2 $ 71,000 $ 35,500 $ 42,000
Perry, Kentucky 2 $ 44,000 $ 22,000 $ 18,000
Isabella, Michigan 2 $ 40,000 $ 20,000 $ 24,000
Kalamazoo, Michigan 2 $ 43,000 $ 21,500 $ 22,000
Oakland, Michigan 2 $ 121,000 $ 60,500 $ 42,000
Anoka, Minnesota 2 $ 101,000 $ 50,500 $ 77,000
Dakota, Minnesota 2 $ 125,000 $ 62,500 $ 82,000
Newton, Missouri 2 $ 86,000 $ 43,000 $ 23,000
Hancock, Ohio 2 $ 73,000 $ 36,500 $ 32,000
Highland, Ohio 2 $ 76,000 $ 38,000 $ 37,000
Licking, Ohio 2 $ 60,000 $ 30,000 $ 40,000
Butler, Pennsylvania 2 $ 79,000 $ 39,500 $ 40,000
Washington, Pennsylvania 2 $ 63,000 $ 31,500 $ 27,000
Fond du Lac, Wisconsin 2 $ 100,000 $ 50,000 $ 56,000
Jackson, Wisconsin 2 $ 76,000 $ 38,000 $ 40,000
Sheboygan, Wisconsin 2 $ 66,000 $ 33,000 $ 25,000
Weld, Colorado 1 $ 36,000 $ 36,000 $ 40,000
Charlotte, Florida 1 $ 278,000 $ 278,000 $ 240,000
Marion, Florida 1 $ 24,000 $ 24,000 $ 32,000
Palm Beach, Florida 1 $ 86,000 $ 86,000 $ 300,000
Clay, Illinois 1 $ 32,000 $ 32,000 $ 48,000
Coles, Illinois 1 $ 27,000 $ 27,000 $ 23,000
Fulton, Illinois 1 $ 28,000 $ 28,000 $ 52,000
Jasper, Illinois 1 $ 30,000 $ 30,000 $ 34,000
Jefferson, Illinois 1 $ 54,000 $ 54,000 $ 46,000
Allen, Indiana 1 $ 34,000 $ 34,000 $ 57,000
Bartholomew, Indiana 1 $ 20,000 $ 20,000 $ 41,000
Clark, Indiana 1 $ 46,000 $ 46,000 $ 32,000
Clay, Indiana 1 $ 53,000 $ 53,000 $ 28,000
Crawford, Indiana 1 $ 27,000 $ 27,000 $ 37,000
Delaware, Indiana 1 $ 55,000 $ 55,000 $ 40,000
Howard, Indiana 1 $ 43,000 $ 43,000 $ 25,000
Johnson, Indiana 1 $ 40,000 $ 40,000 $ 54,000
Kosciusko, Indiana 1 $ 30,000 $ 30,000 $ 36,000
Madison, Indiana 1 $ 12,000 $ 12,000 $ 25,000
Marion, Indiana 1 $ 14,000 $ 14,000 $ 36,000
Rush, Indiana 1 $ 35,000 $ 35,000 $ 47,000
Black Hawk, Iowa 1 $ 28,000 $ 28,000 $ 25,000
Johnson, Iowa 1 $ 36,000 $ 36,000 $ 45,000
Jones, Iowa 1 $ 23,000 $ 23,000 $ 46,000
Lee, Iowa 1 $ 46,000 $ 46,000 $ 46,000
Monroe, Iowa 1 $ 19,000 $ 19,000 $ 36,000
Wapello, Iowa 1 $ 18,000 $ 18,000 $ 18,000
Wright, Iowa 1 $ 36,000 $ 36,000 $ 25,000
Ellis, Kansas 1 $ 54,000 $ 54,000 $ 29,000
Greenwood, Kansas 1 $ 40,000 $ 40,000 $ 57,000
Jefferson, Kansas 1 $ 51,000 $ 51,000 $ 39,000
Neosho, Kansas 1 $ 66,000 $ 66,000 $ 36,000
Pratt, Kansas 1 $ 72,000 $ 72,000 $ 49,000
Reno, Kansas 1 $ 38,000 $ 38,000 $ 39,000
Russell, Kansas 1 $ 43,000 $ 43,000 $ 31,000
Sedgwick, Kansas 1 $ 22,000 $ 22,000 $ 10,000
Wyandotte, Kansas 1 $ 32,000 $ 32,000 $ 34,000
Breathitt, Kentucky 1 $ 42,000 $ 42,000 $ 20,000
Calloway, Kentucky 1 $ 21,000 $ 21,000 $ 19,000
Clinton, Kentucky 1 $ 29,000 $ 29,000 $ 115,000
Crittenden, Kentucky 1 $ 60,000 $ 60,000 $ 48,000
Floyd, Kentucky 1 $ 34,000 $ 34,000 $ 19,000
Gallatin, Kentucky 1 $ 20,000 $ 20,000 $ 9,000
Grant, Kentucky 1 $ 19,000 $ 19,000 $ 21,000
Graves, Kentucky 1 $ 62,000 $ 62,000 $ 32,000
Henderson, Kentucky 1 $ 23,000 $ 23,000 $ 19,000
Jefferson, Kentucky 1 $ 28,000 $ 28,000 $ 28,000
Knox, Kentucky 1 $ 35,000 $ 35,000 $ 14,000
Laurel, Kentucky 1 $ 25,000 $ 25,000 $ 45,000
Madison, Kentucky 1 $ 54,000 $ 54,000 $ 26,000
Martin, Kentucky 1 $ 51,000 $ 51,000 $ 49,000
McCreary, Kentucky 1 $ 51,000 $ 51,000 $ 29,000
McLean, Kentucky 1 $ 24,000 $ 24,000 $ 28,000
Menifee, Kentucky 1 $ 61,000 $ 61,000 $ 33,000
Pulaski, Kentucky 1 $ 21,000 $ 21,000 $ 40,000
Rowan, Kentucky 1 $ 38,000 $ 38,000 $ 17,000
Alcona, Michigan 1 $ 13,000 $ 13,000 $ 48,000
Grand Traverse, Michigan 1 $ 14,000 $ 14,000 $ 19,000
Lapeer, Michigan 1 $ 31,000 $ 31,000 $ 101,000
Livingston, Michigan 1 $ 72,000 $ 72,000 $ 25,000
Monroe, Michigan 1 $ 52,000 $ 52,000 $ 67,000
Montcalm, Michigan 1 $ 35,000 $ 35,000 $ 25,000
Ottawa, Michigan 1 $ 50,000 $ 50,000 $ 39,000
Shiawassee, Michigan 1 $ 23,000 $ 23,000 $ 32,000
Chisago, Minnesota 1 $ 23,000 $ 23,000 $ 21,000
Clay, Minnesota 1 $ 47,000 $ 47,000 $ 34,000
Dodge, Minnesota 1 $ 45,000 $ 45,000 $ 98,000
Lake of the Woods, Minnesota 1 $ 25,000 $ 25,000 $ 63,000
Mahnomen, Minnesota 1 $ 51,000 $ 51,000 $ 66,000
Polk, Minnesota 1 $ 27,000 $ 27,000 $ 27,000
Roseau, Minnesota 1 $ 40,000 $ 40,000 $ 69,000
Wabasha, Minnesota 1 $ 36,000 $ 36,000 $ 38,000
Wadena, Minnesota 1 $ 31,000 $ 31,000 $ 60,000
Washington, Minnesota 1 $ 55,000 $ 55,000 $ 75,000
Winona, Minnesota 1 $ 32,000 $ 32,000 $ 51,000
Adair, Missouri 1 $ 44,000 $ 44,000 $ 23,000
Barry, Missouri 1 $ 67,000 $ 67,000 $ 31,000
Clay, Missouri 1 $ 65,000 $ 65,000 $ 80,000
Greene, Missouri 1 $ 32,000 $ 32,000 $ 48,000
Jasper, Missouri 1 $ 48,000 $ 48,000 $ 19,000
Jefferson, Missouri 1 $ 28,000 $ 28,000 $ 42,000
Laclede, Missouri 1 $ 59,000 $ 59,000 $ 66,000
Phelps, Missouri 1 $ 66,000 $ 66,000 $ 77,000
Polk, Missouri 1 $ 21,000 $ 21,000 $ 40,000
Reynolds, Missouri 1 $ 33,000 $ 33,000 $ 48,000
St. Charles, Missouri 1 $ 31,000 $ 31,000 $ 24,000
St. Francois, Missouri 1 $ 23,000 $ 23,000 $ 42,000
Stoddard, Missouri 1 $ 26,000 $ 26,000 $ 39,000
Wayne, Missouri 1 $ 62,000 $ 62,000 $ 97,000
Webster, Missouri 1 $ 50,000 $ 50,000 $ 31,000
Glacier, Montana 1 $ 61,000 $ 61,000 $ 71,000
Atlantic, New Jersey 1 $ 38,000 $ 38,000 $ 48,000
McLean, North Dakota 1 $ 74,000 $ 74,000 $ 62,000
Belmont, Ohio 1 $ 17,000 $ 17,000 $ 54,000
Carroll, Ohio 1 $ 40,000 $ 40,000 $ 33,000
Darke, Ohio 1 $ 33,000 $ 33,000 $ 40,000
Erie, Ohio 1 $ 54,000 $ 54,000 $ 72,000
Franklin, Ohio 1 $ 11,000 $ 11,000 $ 52,000
Fulton, Ohio 1 $ 52,000 $ 52,000 $ 31,000
Hamilton, Ohio 1 $ 29,000 $ 29,000 $ 41,000
Hocking, Ohio 1 $ 42,000 $ 42,000 $ 19,000
Jefferson, Ohio 1 $ 28,000 $ 28,000 $ 38,000
Lorain, Ohio 1 $ 40,000 $ 40,000 $ 51,000
Miami, Ohio 1 $ 31,000 $ 31,000 $ 50,000
Muskingum, Ohio 1 $ 40,000 $ 40,000 $ 35,000
Ottawa, Ohio 1 $ 54,000 $ 54,000 $ 88,000
Pickaway, Ohio 1 $ 46,000 $ 46,000 $ 49,000
Portage, Ohio 1 $ 57,000 $ 57,000 $ 51,000
Ross, Ohio 1 $ 56,000 $ 56,000 $ 53,000
Tuscarawas, Ohio 1 $ 14,000 $ 14,000 $ 26,000
Wood, Ohio 1 $ 53,000 $ 53,000 $ 29,000
Blair, Pennsylvania 1 $ 36,000 $ 36,000 $ 53,000
Centre, Pennsylvania 1 $ 33,000 $ 33,000 $ 25,000
Crawford, Pennsylvania 1 $ 24,000 $ 24,000 $ 25,000
Cumberland, Pennsylvania 1 $ 51,000 $ 51,000 $ 44,000
Erie, Pennsylvania 1 $ 25,000 $ 25,000 $ 32,000
Greene, Pennsylvania 1 $ 39,000 $ 39,000 $ 70,000
McKean, Pennsylvania 1 $ 27,000 $ 27,000 $ 58,000
Northampton, Pennsylvania 1 $ 70,000 $ 70,000 $ 92,000
Boone, West Virginia 1 $ 47,000 $ 47,000 $ 60,000
Chippewa, Wisconsin 1 $ 38,000 $ 38,000 $ 56,000
Crawford, Wisconsin 1 $ 48,000 $ 48,000 $ 80,000
Dane, Wisconsin 1 $ 64,000 $ 64,000 $ 38,000
Eau Claire, Wisconsin 1 $ 21,000 $ 21,000 $ 35,000
Green Lake, Wisconsin 1 $ 222,000 $ 222,000 $ 480,000
Iowa, Wisconsin 1 $ 42,000 $ 42,000 $ 27,000
Juneau, Wisconsin 1 $ 38,000 $ 38,000 $ 25,000
La Crosse, Wisconsin 1 $ 21,000 $ 21,000 $ 31,000
Lincoln, Wisconsin 1 $ 35,000 $ 35,000 $ 33,000
Marathon, Wisconsin 1 $ 146,000 $ 146,000 $ 76,000
Monroe, Wisconsin 1 $ 53,000 $ 53,000 $ 120,000
Ozaukee, Wisconsin 1 $ 55,000 $ 55,000 $ 34,000
Pierce, Wisconsin 1 $ 21,000 $ 21,000 $ 33,000
Racine, Wisconsin 1 $ 255,000 $ 255,000 $ 120,000
Sauk, Wisconsin 1 $ 44,000 $ 44,000 $ 22,000
Vernon, Wisconsin 1 $ 37,000 $ 37,000 $ 20,000
Walworth, Wisconsin 1 $ 26,000 $ 26,000 $ 32,000
Waupaca, Wisconsin 1 $ 18,000 $ 18,000 $ 65,000
Campbell, Wyoming 1 $ 77,000 $ 77,000 $ 69,000

Mortgage Loan Application Detail Totals for Prime Financial Credit Union in 2005

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 217 $11,325,000 $56,529 $278,000 $54,411 $240,000
Refinancing 55 $3,662,000 $56,181 $330,000 $74,545 $480,000
Home Improvement 46 $922,000 $29,500 $71,000 $67,000 $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 286 $14,433,000 $53,647 $330,000 $58,117 $480,000
Black or African American 21 $929,000 $33,000 $121,000 $32,000 $138,000
Hispanic 9 $445,000 $48,000 $142,000 $55,000 $74,000
Asian 2 $102,000 $51,000 $90,000 $47,500 $78,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 318 $15,909,000 $53,000 $330,000 $57,777 $480,000
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 313 $15,363,000 $52,888 $330,000 $58,000 $480,000
Application Denied By Financial Institution 3 $312,000 $104,000 $160,000 $32,000 $50,000
Application Withdrawn By Applicant 2 $234,000 $117,000 $142,000 $35,000 $40,000
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
Credit History 2 $152,000 $76,000 $109,000 $24,000 $33,000
Other 1 $160,000 $160,000 $160,000 $50,000 $50,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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 Prime Financial Credit Union's 2005 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 Prime Financial 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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