Royal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, Royal Credit Union of Eau Claire, WI reported 7,559 mortgage applications totaling $1.3 billion, down 12% from 2021. The average application was for $171,074, and applicants reported an average income of $105,241. 74% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (3,045), Eau Claire, WI (2,110) and Wausau, WI (49) (applications in parentheses).
| Mortgage Company & Address | Royal Credit Union 200 Riverfront Terrace Eau Claire, WI 54702 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 | 7,559 |
| Total Mortgage Loan Application Amount | $1,293,155,000 |
| Average Mortgage Loan Application Amount | $171,074 |
| Highest Mortgage Loan Application Amount | $13,785,000 |
| Average Applicant Income | $105,241 |
| Highest Applicant Income | $1,943,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Royal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 3,045 | $ 606,985,000 | $ 199,338 | $ 119,797 |
| Eau Claire, WI | 2,110 | $ 339,880,000 | $ 161,080 | $ 100,000 |
| Outside any metro area | 1,727 | $ 223,405,000 | $ 129,360 | $ 95,519 |
| Wausau, WI | 49 | $ 4,975,000 | $ 101,530 | $ 104,000 |
| Duluth, MN-WI | 35 | $ 5,885,000 | $ 168,142 | $ 119,942 |
| St. Cloud, MN | 20 | $ 2,740,000 | $ 137,000 | $ 72,000 |
| Rochester, MN | 19 | $ 4,655,000 | $ 245,000 | $ 96,000 |
| Milwaukee-Waukesha-West Allis, WI | 11 | $ 2,235,000 | $ 203,181 | $ 160,000 |
| Green Bay, WI | 10 | $ 1,570,000 | $ 157,000 | $ 139,000 |
| La Crosse-Onalaska, WI-MN | 9 | $ 1,515,000 | $ 168,333 | $ 123,000 |
| Mankato-North Mankato, MN | 7 | $ 635,000 | $ 90,714 | $ 103,000 |
| Appleton, WI | 6 | $ 900,000 | $ 150,000 | $ 70,000 |
| Madison, WI | 6 | $ 1,280,000 | $ 213,333 | $ 114,000 |
| Cleveland-Elyria, OH | 5 | $ 275,000 | $ 55,000 | $ 228,000 |
| Sheboygan, WI | 5 | $ 355,000 | $ 71,000 | $ 104,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,385,000 | $ 277,000 | $ 149,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 1,630,000 | $ 407,500 | $ 280,000 |
| Akron, OH | 3 | $ 175,000 | $ 58,333 | $ 228,000 |
| Las Vegas-Henderson-Paradise, NV | 3 | $ 1,195,000 | $ 398,333 | $ 272,000 |
| Eugene, OR | 1 | $ 295,000 | $ 295,000 | $ 58,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 185,000 | $ 185,000 | $ 85,000 |
| Fort Wayne, IN | 1 | $ 205,000 | $ 205,000 | $ 94,000 |
| Fort Worth-Arlington, TX | 1 | $ 505,000 | $ 505,000 | $ 255,000 |
| Fresno, CA | 1 | $ 645,000 | $ 645,000 | $ 243,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 275,000 | $ 275,000 | $ 70,000 |
| Janesville-Beloit, WI | 1 | $ 75,000 | $ 75,000 | $ 50,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 155,000 | $ 155,000 | $ 48,000 |
| Oshkosh-Neenah, WI | 1 | $ 45,000 | $ 45,000 | $ 30,000 |
| Panama City, FL | 1 | $ 355,000 | $ 355,000 | $ 102,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 315,000 | $ 315,000 | $ 68,000 |
| Punta Gorda, FL | 1 | $ 645,000 | $ 645,000 | $ 269,000 |
| Racine, WI | 1 | $ 85,000 | $ 85,000 | $ 59,000 |
| Raleigh, NC | 1 | $ 665,000 | $ 665,000 | $ 245,000 |
| Richmond, VA | 1 | $ 65,000 | $ 65,000 | $ 143,000 |
| St. Joseph, MO-KS | 1 | $ 555,000 | $ 555,000 | $ 103,000 |
| Tacoma-Lakewood, WA | 1 | $ 965,000 | $ 965,000 | $ 635,000 |
| The Villages, FL | 1 | $ 485,000 | $ 485,000 | $ 391,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 345,000 | $ 345,000 | $ 89,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 445,000 | $ 445,000 | $ 743,000 |
Mortgage Loan Application Detail Totals for Royal Credit Union in 2022
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 | 3,121 | $769,625,000 | $246,000 | $13,785,000 | $99,000 | $1,260,000 |
| Other Purpose | 2,000 | $181,450,000 | $90,000 | $7,255,000 | $115,000 | $900,000 |
| Home Improvement | 1,287 | $112,875,000 | $87,000 | $9,405,000 | $114,000 | $1,678,000 |
| Cash-out Refinancing | 670 | $136,110,000 | $203,000 | $1,185,000 | $95,000 | $1,031,000 |
| Refinancing | 481 | $93,095,000 | $193,000 | $2,945,000 | $96,000 | $1,943,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 5,561 | $873,525,000 | $157,000 | $1,925,000 | $106,000 | $1,678,000 |
| Not Provided | 960 | $166,800,000 | $173,000 | $2,945,000 | $114,000 | $1,943,000 |
| Hispanic | 384 | $69,190,000 | $180,000 | $625,000 | $78,000 | $266,000 |
| Asian | 232 | $49,040,000 | $211,000 | $1,155,000 | $98,000 | $554,000 |
| Black or African American | 194 | $35,190,000 | $181,000 | $705,000 | $104,000 | $996,000 |
| Not applicable | 135 | $85,045,000 | $629,000 | $13,785,000 | $0 | $0 |
| American Indian or Alaskan Native | 48 | $7,870,000 | $163,000 | $785,000 | $84,000 | $244,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $75,000 | $75,000 | $75,000 | $163,000 | $163,000 |
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) | 7,308 | $1,221,990,000 | $167,000 | $13,785,000 | $106,000 | $1,943,000 |
| FHA-insured (Federal Housing Administration) | 212 | $57,710,000 | $272,000 | $705,000 | $75,000 | $172,000 |
| VA-guaranteed (Veterans Administration) | 34 | $12,170,000 | $357,000 | $1,185,000 | $95,000 | $236,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $1,285,000 | $257,000 | $305,000 | $77,000 | $96,000 |
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 | 5,564 | $984,940,000 | $177,000 | $13,785,000 | $110,000 | $1,678,000 |
| Application Withdrawn By Applicant | 740 | $140,440,000 | $189,000 | $2,945,000 | $115,000 | $1,943,000 |
| Application Denied By Financial Institution | 531 | $46,795,000 | $88,000 | $625,000 | $76,000 | $750,000 |
| Preapproval Denied by Financial Institution | 459 | $83,115,000 | $181,000 | $605,000 | $61,000 | $600,000 |
| File Closed For Incompleteness | 182 | $24,310,000 | $133,000 | $505,000 | $103,000 | $996,000 |
| Application Approved But Not Accepted | 83 | $13,555,000 | $163,000 | $1,125,000 | $105,000 | $554,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 6,569 | $1,163,245,000 | $177,000 | $13,785,000 | $111,000 | $1,943,000 |
| Debt-To-Income Ratio | 538 | $74,420,000 | $138,000 | $605,000 | $59,000 | $600,000 |
| Credit History | 351 | $42,605,000 | $121,000 | $425,000 | $82,000 | $388,000 |
| Collateral | 37 | $5,035,000 | $136,000 | $625,000 | $103,000 | $750,000 |
| Employment History | 30 | $4,310,000 | $143,000 | $345,000 | $52,000 | $122,000 |
| Other | 19 | $1,535,000 | $80,000 | $315,000 | $96,000 | $183,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,480,000 | $148,000 | $455,000 | $46,000 | $78,000 |
| Unverifiable Information | 4 | $510,000 | $127,000 | $205,000 | $38,000 | $66,000 |
| Mortgage Insurance Denied | 1 | $15,000 | $15,000 | $15,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Royal Credit Union's 2022 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 Royal 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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