Prime Financial Credit Union Mortgage Lending & HMDA Data, 2007

In 2007, Prime Financial Credit Union of Cudahy, WI reported 528 mortgage applications totaling $25.9 million, down 18% from 2006. The average application was for $49,106, and applicants reported an average income of $49,469. 66% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (130), Minneapolis-St. Paul-Bloomington, MN-WI (25) and Warren-Troy-Farmington Hills, MI (16) (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 528
Total Mortgage Loan Application Amount $25,928,000
Average Mortgage Loan Application Amount $49,106
Highest Mortgage Loan Application Amount $620,000
Average Applicant Income $49,469
Highest Applicant Income $350,000

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records Prime Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Milwaukee, Wisconsin 107 $ 6,129,000 $ 57,280 $ 51,000
Waukesha, Wisconsin 21 $ 2,715,000 $ 129,285 $ 87,000
Wayne, Michigan 15 $ 664,000 $ 44,266 $ 40,000
Anoka, Minnesota 10 $ 398,000 $ 39,800 $ 55,000
Manitowoc, Wisconsin 9 $ 295,000 $ 32,777 $ 58,000
Johnson, Iowa 7 $ 213,000 $ 30,428 $ 58,000
Monroe, Michigan 7 $ 290,000 $ 41,428 $ 50,000
Oakland, Michigan 7 $ 240,000 $ 34,285 $ 51,000
Cook, Illinois 6 $ 136,000 $ 22,666 $ 55,000
Lake, Illinois 6 $ 669,000 $ 111,500 $ 80,000
Ramsey, Minnesota 6 $ 319,000 $ 53,166 $ 55,000
Portage, Ohio 6 $ 168,000 $ 28,000 $ 32,000
Trumbull, Ohio 6 $ 118,000 $ 19,666 $ 32,000
Sedgwick, Kansas 5 $ 276,000 $ 55,200 $ 38,000
Pike, Kentucky 5 $ 350,000 $ 70,000 $ 50,000
Kent, Michigan 5 $ 216,000 $ 43,200 $ 42,000
Macomb, Michigan 5 $ 294,000 $ 58,800 $ 72,000
Dakota, Minnesota 5 $ 267,000 $ 53,400 $ 46,000
Clay, Missouri 5 $ 237,000 $ 47,400 $ 35,000
Clermont, Ohio 5 $ 117,000 $ 23,400 $ 43,000
Marion, Indiana 4 $ 177,000 $ 44,250 $ 63,000
Black Hawk, Iowa 4 $ 141,000 $ 35,250 $ 38,000
Linn, Iowa 4 $ 95,000 $ 23,750 $ 45,000
Washtenaw, Michigan 4 $ 302,000 $ 75,500 $ 46,000
Morgan, Illinois 3 $ 158,000 $ 52,666 $ 50,000
Story, Iowa 3 $ 117,000 $ 39,000 $ 56,000
Jefferson, Kentucky 3 $ 89,000 $ 29,666 $ 52,000
Livingston, Michigan 3 $ 141,000 $ 47,000 $ 53,000
Benton, Minnesota 3 $ 104,000 $ 34,666 $ 27,000
Clay, Minnesota 3 $ 67,000 $ 22,333 $ 28,000
Jefferson, Missouri 3 $ 75,000 $ 25,000 $ 40,000
Williams, North Dakota 3 $ 179,000 $ 59,666 $ 83,000
Columbiana, Ohio 3 $ 102,000 $ 34,000 $ 26,000
Tuscarawas, Ohio 3 $ 59,000 $ 19,666 $ 31,000
Nowata, Oklahoma 3 $ 135,000 $ 45,000 $ 53,000
Bucks, Pennsylvania 3 $ 133,000 $ 44,333 $ 45,000
Lancaster, Pennsylvania 3 $ 173,000 $ 57,666 $ 36,000
Adams, Illinois 2 $ 89,000 $ 44,500 $ 36,000
Champaign, Illinois 2 $ 96,000 $ 48,000 $ 53,000
Lee, Illinois 2 $ 92,000 $ 46,000 $ 38,000
McLean, Illinois 2 $ 70,000 $ 35,000 $ 58,000
Polk, Iowa 2 $ 84,000 $ 42,000 $ 53,000
Bell, Kentucky 2 $ 58,000 $ 29,000 $ 59,000
Letcher, Kentucky 2 $ 95,000 $ 47,500 $ 44,000
Rockcastle, Kentucky 2 $ 78,000 $ 39,000 $ 32,000
Warren, Kentucky 2 $ 102,000 $ 51,000 $ 42,000
Allegan, Michigan 2 $ 71,000 $ 35,500 $ 41,000
Grand Traverse, Michigan 2 $ 96,000 $ 48,000 $ 46,000
Ionia, Michigan 2 $ 91,000 $ 45,500 $ 35,000
Carver, Minnesota 2 $ 59,000 $ 29,500 $ 40,000
St. Louis, Minnesota 2 $ 103,000 $ 51,500 $ 68,000
Stearns, Minnesota 2 $ 61,000 $ 30,500 $ 20,000
Cedar, Missouri 2 $ 93,000 $ 46,500 $ 36,000
Greene, Missouri 2 $ 105,000 $ 52,500 $ 80,000
Ontario, New York 2 $ 99,000 $ 49,500 $ 51,000
Belmont, Ohio 2 $ 198,000 $ 99,000 $ 43,000
Franklin, Ohio 2 $ 57,000 $ 28,500 $ 32,000
Hancock, Ohio 2 $ 67,000 $ 33,500 $ 33,000
Lucas, Ohio 2 $ 66,000 $ 33,000 $ 43,000
Wayne, Ohio 2 $ 20,000 $ 10,000 $ 36,000
Wood, Ohio 2 $ 72,000 $ 36,000 $ 42,000
York, Pennsylvania 2 $ 65,000 $ 32,500 $ 40,000
Brown, South Dakota 2 $ 69,000 $ 34,500 $ 42,000
Dunn, Wisconsin 2 $ 91,000 $ 45,500 $ 34,000
Marathon, Wisconsin 2 $ 61,000 $ 30,500 $ 26,000
Racine, Wisconsin 2 $ 114,000 $ 57,000 $ 62,000
Walworth, Wisconsin 2 $ 65,000 $ 32,500 $ 62,000
Washington, Wisconsin 2 $ 323,000 $ 161,500 $ 96,000
Kent, Delaware 1 $ 21,000 $ 21,000 $ 32,000
Gwinnett, Georgia 1 $ 22,000 $ 22,000 $ 25,000
Brown, Illinois 1 $ 32,000 $ 32,000 $ 14,000
Clay, Illinois 1 $ 58,000 $ 58,000 $ 37,000
Grundy, Illinois 1 $ 15,000 $ 15,000 $ 51,000
Hamilton, Illinois 1 $ 43,000 $ 43,000 $ 12,000
Jersey, Illinois 1 $ 85,000 $ 85,000 $ 42,000
Johnson, Illinois 1 $ 27,000 $ 27,000 $ 90,000
Madison, Illinois 1 $ 104,000 $ 104,000 $ 85,000
McHenry, Illinois 1 $ 54,000 $ 54,000 $ 40,000
Sangamon, Illinois 1 $ 70,000 $ 70,000 $ 226,000
St. Clair, Illinois 1 $ 63,000 $ 63,000 $ 67,000
Will, Illinois 1 $ 40,000 $ 40,000 $ 33,000
Winnebago, Illinois 1 $ 24,000 $ 24,000 $ 28,000
Woodford, Illinois 1 $ 22,000 $ 22,000 $ 45,000
Floyd, Indiana 1 $ 57,000 $ 57,000 $ 38,000
Grant, Indiana 1 $ 15,000 $ 15,000 $ 21,000
Howard, Indiana 1 $ 16,000 $ 16,000 $ 58,000
Johnson, Indiana 1 $ 16,000 $ 16,000 $ 32,000
Kosciusko, Indiana 1 $ 41,000 $ 41,000 $ 84,000
LaPorte, Indiana 1 $ 27,000 $ 27,000 $ 81,000
Madison, Indiana 1 $ 19,000 $ 19,000 $ 75,000
Miami, Indiana 1 $ 31,000 $ 31,000 $ 73,000
Tippecanoe, Indiana 1 $ 21,000 $ 21,000 $ 64,000
Jackson, Iowa 1 $ 21,000 $ 21,000 $ 44,000
Marion, Iowa 1 $ 22,000 $ 22,000 $ 38,000
Warren, Iowa 1 $ 41,000 $ 41,000 $ 63,000
Anderson, Kansas 1 $ 52,000 $ 52,000 $ 62,000
Butler, Kansas 1 $ 52,000 $ 52,000 $ 44,000
Cherokee, Kansas 1 $ 56,000 $ 56,000 $ 52,000
Dickinson, Kansas 1 $ 39,000 $ 39,000 $ 44,000
Douglas, Kansas 1 $ 37,000 $ 37,000 $ 44,000
Greenwood, Kansas 1 $ 62,000 $ 62,000 $ 81,000
Harper, Kansas 1 $ 89,000 $ 89,000 $ 103,000
Montgomery, Kansas 1 $ 37,000 $ 37,000 $ 20,000
Pottawatomie, Kansas 1 $ 40,000 $ 40,000 $ 63,000
Reno, Kansas 1 $ 89,000 $ 89,000 $ 54,000
Riley, Kansas 1 $ 54,000 $ 54,000 $ 29,000
Saline, Kansas 1 $ 48,000 $ 48,000 $ 31,000
Shawnee, Kansas 1 $ 20,000 $ 20,000 $ 59,000
Sumner, Kansas 1 $ 52,000 $ 52,000 $ 46,000
Wilson, Kansas 1 $ 39,000 $ 39,000 $ 23,000
Wyandotte, Kansas 1 $ 43,000 $ 43,000 $ 59,000
Breathitt, Kentucky 1 $ 40,000 $ 40,000 $ 50,000
Butler, Kentucky 1 $ 35,000 $ 35,000 $ 32,000
Campbell, Kentucky 1 $ 17,000 $ 17,000 $ 31,000
Casey, Kentucky 1 $ 34,000 $ 34,000 $ 23,000
Elliott, Kentucky 1 $ 52,000 $ 52,000 $ 55,000
Floyd, Kentucky 1 $ 46,000 $ 46,000 $ 31,000
Greenup, Kentucky 1 $ 36,000 $ 36,000 $ 27,000
Hardin, Kentucky 1 $ 69,000 $ 69,000 $ 57,000
Knott, Kentucky 1 $ 80,000 $ 80,000 $ 57,000
Madison, Kentucky 1 $ 58,000 $ 58,000 $ 48,000
Magoffin, Kentucky 1 $ 59,000 $ 59,000 $ 54,000
McCracken, Kentucky 1 $ 23,000 $ 23,000 $ 27,000
Nicholas, Kentucky 1 $ 28,000 $ 28,000 $ 36,000
Perry, Kentucky 1 $ 71,000 $ 71,000 $ 48,000
Taylor, Kentucky 1 $ 51,000 $ 51,000 $ 73,000
Wicomico, Maryland 1 $ 26,000 $ 26,000 $ 20,000
Barry, Michigan 1 $ 26,000 $ 26,000 $ 28,000
Berrien, Michigan 1 $ 45,000 $ 45,000 $ 26,000
Chippewa, Michigan 1 $ 37,000 $ 37,000 $ 22,000
Eaton, Michigan 1 $ 50,000 $ 50,000 $ 40,000
Genesee, Michigan 1 $ 39,000 $ 39,000 $ 31,000
Kalamazoo, Michigan 1 $ 25,000 $ 25,000 $ 52,000
Lenawee, Michigan 1 $ 39,000 $ 39,000 $ 30,000
Marquette, Michigan 1 $ 32,000 $ 32,000 $ 24,000
Missaukee, Michigan 1 $ 17,000 $ 17,000 $ 54,000
Ogemaw, Michigan 1 $ 28,000 $ 28,000 $ 90,000
Shiawassee, Michigan 1 $ 41,000 $ 41,000 $ 43,000
St. Clair, Michigan 1 $ 35,000 $ 35,000 $ 33,000
Tuscola, Michigan 1 $ 20,000 $ 20,000 $ 37,000
Beltrami, Minnesota 1 $ 31,000 $ 31,000 $ 20,000
Blue Earth, Minnesota 1 $ 27,000 $ 27,000 $ 25,000
Brown, Minnesota 1 $ 57,000 $ 57,000 $ 46,000
Cook, Minnesota 1 $ 41,000 $ 41,000 $ 31,000
Crow Wing, Minnesota 1 $ 46,000 $ 46,000 $ 35,000
Hennepin, Minnesota 1 $ 41,000 $ 41,000 $ 43,000
Kittson, Minnesota 1 $ 35,000 $ 35,000 $ 21,000
Mower, Minnesota 1 $ 41,000 $ 41,000 $ 65,000
Olmsted, Minnesota 1 $ 78,000 $ 78,000 $ 104,000
Otter Tail, Minnesota 1 $ 27,000 $ 27,000 $ 20,000
Roseau, Minnesota 1 $ 62,000 $ 62,000 $ 23,000
Wabasha, Minnesota 1 $ 44,000 $ 44,000 $ 33,000
Washington, Minnesota 1 $ 25,000 $ 25,000 $ 57,000
Winona, Minnesota 1 $ 30,000 $ 30,000 $ 25,000
Cape Girardeau, Missouri 1 $ 28,000 $ 28,000 $ 18,000
Cass, Missouri 1 $ 23,000 $ 23,000 $ 129,000
Daviess, Missouri 1 $ 36,000 $ 36,000 $ 36,000
Jasper, Missouri 1 $ 38,000 $ 38,000 $ 48,000
Lincoln, Missouri 1 $ 36,000 $ 36,000 $ 31,000
Morgan, Missouri 1 $ 16,000 $ 16,000 $ 25,000
Pemiscot, Missouri 1 $ 65,000 $ 65,000 $ 30,000
Perry, Missouri 1 $ 47,000 $ 47,000 $ 51,000
Platte, Missouri 1 $ 29,000 $ 29,000 $ 35,000
St. Charles, Missouri 1 $ 73,000 $ 73,000 $ 68,000
St. Francois, Missouri 1 $ 72,000 $ 72,000 $ 51,000
St. Louis, Missouri 1 $ 29,000 $ 29,000 $ 53,000
Sullivan, Missouri 1 $ 47,000 $ 47,000 $ 33,000
Washington, Missouri 1 $ 35,000 $ 35,000 $ 27,000
Wayne, Missouri 1 $ 30,000 $ 30,000 $ 40,000
Buffalo, Nebraska 1 $ 32,000 $ 32,000 $ 19,000
Delaware, New York 1 $ 41,000 $ 41,000 $ 52,000
Franklin, New York 1 $ 43,000 $ 43,000 $ 47,000
Ward, North Dakota 1 $ 42,000 $ 42,000 $ 52,000
Ashtabula, Ohio 1 $ 34,000 $ 34,000 $ 34,000
Athens, Ohio 1 $ 40,000 $ 40,000 $ 35,000
Butler, Ohio 1 $ 45,000 $ 45,000 $ 56,000
Champaign, Ohio 1 $ 24,000 $ 24,000 $ 38,000
Coshocton, Ohio 1 $ 30,000 $ 30,000 $ 63,000
Defiance, Ohio 1 $ 16,000 $ 16,000 $ 28,000
Delaware, Ohio 1 $ 16,000 $ 16,000 $ 39,000
Fulton, Ohio 1 $ 50,000 $ 50,000 $ 37,000
Geauga, Ohio 1 $ 51,000 $ 51,000 $ 32,000
Hocking, Ohio 1 $ 99,000 $ 99,000 $ 103,000
Lake, Ohio 1 $ 41,000 $ 41,000 $ 37,000
Licking, Ohio 1 $ 169,000 $ 169,000 $ 52,000
Montgomery, Ohio 1 $ 21,000 $ 21,000 $ 41,000
Muskingum, Ohio 1 $ 67,000 $ 67,000 $ 75,000
Pike, Ohio 1 $ 28,000 $ 28,000 $ 12,000
Stark, Ohio 1 $ 29,000 $ 29,000 $ 36,000
Summit, Ohio 1 $ 37,000 $ 37,000 $ 51,000
Allegheny, Pennsylvania 1 $ 25,000 $ 25,000 $ 47,000
Berks, Pennsylvania 1 $ 40,000 $ 40,000 $ 46,000
Blair, Pennsylvania 1 $ 46,000 $ 46,000 $ 65,000
Butler, Pennsylvania 1 $ 25,000 $ 25,000 $ 33,000
Chester, Pennsylvania 1 $ 33,000 $ 33,000 $ 27,000
Cumberland, Pennsylvania 1 $ 33,000 $ 33,000 $ 35,000
Dauphin, Pennsylvania 1 $ 30,000 $ 30,000 $ 41,000
Lehigh, Pennsylvania 1 $ 20,000 $ 20,000 $ 41,000
Montgomery, Pennsylvania 1 $ 53,000 $ 53,000 $ 76,000
Pike, Pennsylvania 1 $ 59,000 $ 59,000 $ 43,000
Minnehaha, South Dakota 1 $ 31,000 $ 31,000 $ 26,000
Union, South Dakota 1 $ 87,000 $ 87,000 $ 69,000
Spotsylvania, Virginia 1 $ 26,000 $ 26,000 $ 18,000
Brown, Wisconsin 1 $ 20,000 $ 20,000 $ 12,000
Clark, Wisconsin 1 $ 21,000 $ 21,000 $ 48,000
Columbia, Wisconsin 1 $ 136,000 $ 136,000 $ 0
Crawford, Wisconsin 1 $ 45,000 $ 45,000 $ 87,000
Dane, Wisconsin 1 $ 37,000 $ 37,000 $ 81,000
Fond du Lac, Wisconsin 1 $ 59,000 $ 59,000 $ 58,000
Green, Wisconsin 1 $ 35,000 $ 35,000 $ 69,000
Jackson, Wisconsin 1 $ 27,000 $ 27,000 $ 36,000
Juneau, Wisconsin 1 $ 36,000 $ 36,000 $ 29,000
Kenosha, Wisconsin 1 $ 83,000 $ 83,000 $ 38,000
Polk, Wisconsin 1 $ 25,000 $ 25,000 $ 63,000
Sawyer, Wisconsin 1 $ 44,000 $ 44,000 $ 54,000
Trempealeau, Wisconsin 1 $ 45,000 $ 45,000 $ 55,000
Vilas, Wisconsin 1 $ 45,000 $ 45,000 $ 22,000
Campbell, Wyoming 1 $ 48,000 $ 48,000 $ 54,000

Mortgage Loan Application Detail Totals for Prime Financial Credit Union in 2007

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 378 $17,399,000 $46,000 $620,000 $47,000 $350,000
Refinancing 98 $7,259,000 $74,000 $315,000 $55,000 $155,000
Home Improvement 52 $1,270,000 $24,000 $199,000 $57,000 $159,000

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 456 $22,023,000 $48,000 $620,000 $50,000 $350,000
Black or African American 34 $2,145,000 $63,000 $199,000 $43,000 $90,000
Not Provided 27 $1,279,000 $47,000 $414,000 $38,000 $155,000
Hispanic 11 $481,000 $43,000 $112,000 $74,000 $154,000
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) 528 $25,928,000 $49,000 $620,000 $49,000 $350,000
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 347 $17,089,000 $49,000 $620,000 $52,000 $350,000
Application Approved But Not Accepted 169 $8,260,000 $48,000 $270,000 $45,000 $182,000
Application Denied By Financial Institution 12 $579,000 $48,000 $188,000 $40,000 $74,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 3 $92,000 $30,000 $72,000 $31,000 $70,000
Insufficient Cash (Downpayment, Closing Cost) 2 $57,000 $28,000 $37,000 $42,000 $64,000
Other 2 $104,000 $52,000 $56,000 $44,000 $45,000
Credit History 1 $50,000 $50,000 $50,000 $48,000 $48,000
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 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 2007 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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