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 |
| 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 | 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records Prime Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Milwaukee-Waukesha-West Allis, WI | 130 | $ 9,167,000 | $ 70,515 | $ 58,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 25 | $ 1,109,000 | $ 44,360 | $ 52,000 |
| Warren-Troy-Farmington Hills, MI | 16 | $ 710,000 | $ 44,375 | $ 57,000 |
| Detroit-Livonia-Dearborn, MI | 15 | $ 664,000 | $ 44,266 | $ 40,000 |
| St. Louis, MO-IL | 10 | $ 500,000 | $ 50,000 | $ 48,600 |
| Chicago-Naperville-Joliet, IL | 9 | $ 245,000 | $ 27,222 | $ 51,000 |
| Grand Rapids-Wyoming, MI | 8 | $ 333,000 | $ 41,625 | $ 38,000 |
| Kansas City, MO-KS | 8 | $ 332,000 | $ 41,500 | $ 49,375 |
| Akron, OH | 7 | $ 205,000 | $ 29,285 | $ 35,000 |
| Cincinnati-Middletown, OH-KY-IN | 7 | $ 179,000 | $ 25,571 | $ 43,000 |
| Iowa City, IA | 7 | $ 213,000 | $ 30,428 | $ 58,000 |
| Lake County-Kenosha County, IL-WI | 7 | $ 752,000 | $ 107,428 | $ 74,000 |
| Monroe, MI | 7 | $ 290,000 | $ 41,428 | $ 50,000 |
| Wichita, KS | 7 | $ 380,000 | $ 54,285 | $ 40,000 |
| Youngstown-Warren-Boardman, OH-PA | 6 | $ 118,000 | $ 19,666 | $ 32,000 |
| Indianapolis-Carmel, IN | 5 | $ 193,000 | $ 38,600 | $ 57,000 |
| Philadelphia, PA | 5 | $ 219,000 | $ 43,800 | $ 48,000 |
| St. Cloud, MN | 5 | $ 165,000 | $ 33,000 | $ 24,000 |
| Toledo, OH | 5 | $ 188,000 | $ 37,600 | $ 41,000 |
| Ann Arbor, MI | 4 | $ 302,000 | $ 75,500 | $ 46,000 |
| Cedar Rapids, IA | 4 | $ 95,000 | $ 23,750 | $ 45,000 |
| Columbus, OH | 4 | $ 242,000 | $ 60,500 | $ 38,000 |
| Louisville-Jefferson County, KY-IN | 4 | $ 146,000 | $ 36,500 | $ 48,500 |
| Waterloo-Cedar Falls, IA | 4 | $ 141,000 | $ 35,250 | $ 38,000 |
| Ames, IA | 3 | $ 117,000 | $ 39,000 | $ 56,000 |
| Des Moines-West Des Moines, IA | 3 | $ 125,000 | $ 41,666 | $ 56,000 |
| Fargo, ND-MN | 3 | $ 67,000 | $ 22,333 | $ 28,000 |
| Lancaster, PA | 3 | $ 173,000 | $ 57,666 | $ 36,000 |
| Bloomington-Normal, IL | 2 | $ 70,000 | $ 35,000 | $ 58,000 |
| Bowling Green, KY | 2 | $ 102,000 | $ 51,000 | $ 42,000 |
| Champaign-Urbana, IL | 2 | $ 96,000 | $ 48,000 | $ 53,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 92,000 | $ 46,000 | $ 34,000 |
| Duluth, MN-WI | 2 | $ 103,000 | $ 51,500 | $ 68,000 |
| Harrisburg-Carlisle, PA | 2 | $ 63,000 | $ 31,500 | $ 38,000 |
| Madison, WI | 2 | $ 173,000 | $ 86,500 | $ 40,000 |
| Pittsburgh, PA | 2 | $ 50,000 | $ 25,000 | $ 40,000 |
| Racine, WI | 2 | $ 114,000 | $ 57,000 | $ 62,000 |
| Rochester, MN | 2 | $ 122,000 | $ 61,000 | $ 68,000 |
| Rochester, NY | 2 | $ 99,000 | $ 49,500 | $ 51,000 |
| Springfield, MO | 2 | $ 105,000 | $ 52,500 | $ 80,000 |
| Wausau, WI | 2 | $ 61,000 | $ 30,500 | $ 26,000 |
| Wheeling, WV-OH | 2 | $ 198,000 | $ 99,000 | $ 43,000 |
| York-Hanover, PA | 2 | $ 65,000 | $ 32,500 | $ 40,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 20,000 | $ 20,000 | $ 41,000 |
| Altoona, PA | 1 | $ 46,000 | $ 46,000 | $ 65,000 |
| Anderson, IN | 1 | $ 19,000 | $ 19,000 | $ 75,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 22,000 | $ 22,000 | $ 25,000 |
| Canton-Massillon, OH | 1 | $ 29,000 | $ 29,000 | $ 36,000 |
| Dayton, OH | 1 | $ 21,000 | $ 21,000 | $ 41,000 |
| Dover, DE | 1 | $ 21,000 | $ 21,000 | $ 32,000 |
| Elizabethtown, KY | 1 | $ 69,000 | $ 69,000 | $ 57,000 |
| Flint, MI | 1 | $ 39,000 | $ 39,000 | $ 31,000 |
| Fond Du Lac, WI | 1 | $ 59,000 | $ 59,000 | $ 58,000 |
| Green Bay, WI | 1 | $ 20,000 | $ 20,000 | $ 12,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 36,000 | $ 36,000 | $ 27,000 |
| Joplin, MO | 1 | $ 38,000 | $ 38,000 | $ 48,000 |
| Kalamazoo-Portage, MI | 1 | $ 25,000 | $ 25,000 | $ 52,000 |
| Kokomo, IN | 1 | $ 16,000 | $ 16,000 | $ 58,000 |
| Lafayette, IN | 1 | $ 21,000 | $ 21,000 | $ 64,000 |
| Lansing-East Lansing, MI | 1 | $ 50,000 | $ 50,000 | $ 40,000 |
| Lawrence, KS | 1 | $ 37,000 | $ 37,000 | $ 44,000 |
| Michigan City-La Porte, IN | 1 | $ 27,000 | $ 27,000 | $ 81,000 |
| Newark-Union, NJ-PA | 1 | $ 59,000 | $ 59,000 | $ 43,000 |
| Niles-Benton Harbor, MI | 1 | $ 45,000 | $ 45,000 | $ 26,000 |
| Peoria, IL | 1 | $ 22,000 | $ 22,000 | $ 45,000 |
| Reading, PA | 1 | $ 40,000 | $ 40,000 | $ 46,000 |
| Rockford, IL | 1 | $ 24,000 | $ 24,000 | $ 28,000 |
| Salisbury, MD | 1 | $ 26,000 | $ 26,000 | $ 20,000 |
| Sioux City, IA-NE-SD | 1 | $ 87,000 | $ 87,000 | $ 69,000 |
| Sioux Falls, SD | 1 | $ 31,000 | $ 31,000 | $ 26,000 |
| Springfield, IL | 1 | $ 70,000 | $ 70,000 | $ 226,000 |
| Topeka, KS | 1 | $ 20,000 | $ 20,000 | $ 59,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 26,000 | $ 26,000 | $ 18,000 |
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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with aggregated HMDA statistics today.
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