Prime Financial Credit Union Mortgage Lending & HMDA Data, 2019
In 2019, Prime Financial Credit Union of Cudahy, WI reported 286 mortgage applications totaling $27.8 million, up 4% from 2018. The average application was for $97,167, and applicants reported an average income of $70,531. 27% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (156), Racine, WI (4) and Lake County-Kenosha County, IL-WI (1) (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 |
| 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 | 286 |
| Total Mortgage Loan Application Amount | $27,790,000 |
| Average Mortgage Loan Application Amount | $97,167 |
| Highest Mortgage Loan Application Amount | $585,000 |
| Average Applicant Income | $70,531 |
| Highest Applicant Income | $442,000 |
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records Prime Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Milwaukee, Wisconsin | 134 | $ 10,410,000 | $ 77,686 | $ 70,000 |
| Waukesha, Wisconsin | 19 | $ 2,335,000 | $ 122,894 | $ 132,000 |
| Racine, Wisconsin | 4 | $ 450,000 | $ 112,500 | $ 165,000 |
| Ozaukee, Wisconsin | 2 | $ 350,000 | $ 175,000 | $ 94,000 |
| Walworth, Wisconsin | 2 | $ 100,000 | $ 50,000 | $ 121,000 |
| Riverside, California | 1 | $ 125,000 | $ 125,000 | $ 28,000 |
| Dent, Missouri | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Dodge, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 161,000 |
| Juneau, Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 78,000 |
| Kenosha, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 54,000 |
| Marquette, Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 61,000 |
| Washington, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Prime Financial 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 136 | $15,680,000 | $115,000 | $435,000 | $61,000 | $442,000 |
| Cash-out Refinancing | 128 | $8,840,000 | $69,000 | $415,000 | $77,000 | $300,000 |
| Refinancing | 20 | $3,240,000 | $162,000 | $585,000 | $93,000 | $196,000 |
| Other Purpose | 2 | $30,000 | $15,000 | $15,000 | $80,000 | $84,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 109 | $11,995,000 | $110,000 | $435,000 | $87,000 | $442,000 |
| Black or African American | 85 | $6,955,000 | $81,000 | $415,000 | $61,000 | $139,000 |
| Hispanic | 74 | $6,050,000 | $81,000 | $235,000 | $60,000 | $197,000 |
| Not Provided | 10 | $860,000 | $86,000 | $185,000 | $60,000 | $123,000 |
| Asian | 5 | $1,225,000 | $245,000 | $585,000 | $77,000 | $158,000 |
| Not applicable | 2 | $350,000 | $175,000 | $185,000 | $43,000 | $46,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $355,000 | $355,000 | $355,000 | $116,000 | $116,000 |
| American Indian or Alaskan Native | 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) | 286 | $27,790,000 | $97,000 | $585,000 | $71,000 | $442,000 |
| 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 | 90 | $7,690,000 | $85,000 | $355,000 | $51,000 | $135,000 |
| Application Withdrawn By Applicant | 87 | $9,315,000 | $107,000 | $435,000 | $65,000 | $300,000 |
| Loan Originated | 77 | $6,755,000 | $87,000 | $585,000 | $102,000 | $442,000 |
| File Closed For Incompleteness | 26 | $3,010,000 | $115,000 | $415,000 | $67,000 | $300,000 |
| Preapproval Denied by Financial Institution | 5 | $875,000 | $175,000 | $265,000 | $75,000 | $123,000 |
| Preapproval Approved but not Accepted | 1 | $145,000 | $145,000 | $145,000 | $37,000 | $37,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 191 | $19,225,000 | $100,000 | $585,000 | $80,000 | $442,000 |
| Debt-To-Income Ratio | 33 | $3,765,000 | $114,000 | $235,000 | $44,000 | $94,000 |
| Credit History | 31 | $2,235,000 | $72,000 | $355,000 | $54,000 | $125,000 |
| Collateral | 13 | $975,000 | $75,000 | $165,000 | $63,000 | $135,000 |
| Other | 13 | $1,235,000 | $95,000 | $265,000 | $63,000 | $123,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $315,000 | $105,000 | $165,000 | $62,000 | $73,000 |
| Unverifiable Information | 1 | $15,000 | $15,000 | $15,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $25,000 | $25,000 | $25,000 | $74,000 | $74,000 |
| Employment History | 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 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 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.
For a list of all lenders in Wisconsin, 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