State Employees' Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, State Employees' Credit Union of Raleigh, NC reported 54,508 mortgage applications totaling $8.0 billion, down 18% from 2022. The average application was for $147,683, and applicants reported an average income of $110,218. 62% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Raleigh, NC (9,358), Charlotte-Concord-Gastonia, NC-SC (7,957) and Durham-Chapel Hill, NC (3,984) (applications in parentheses).
| Mortgage Company & Address | State Employees' Credit Union P.O. Drawer 25279 Raleigh, NC 27611 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 |
| Total Number of Mortgage Applications | 54,508 |
| Total Mortgage Loan Application Amount | $8,049,930,000 |
| Average Mortgage Loan Application Amount | $147,683 |
| Highest Mortgage Loan Application Amount | $4,005,000 |
| Average Applicant Income | $110,218 |
| Highest Applicant Income | $9,480,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Employees' Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 11,368 | $ 1,466,710,000 | $ 129,020 | $ 97,634 |
| Raleigh, NC | 9,358 | $ 1,627,210,000 | $ 173,884 | $ 129,000 |
| Charlotte-Concord-Gastonia, NC-SC | 7,957 | $ 1,167,785,000 | $ 146,761 | $ 113,396 |
| Durham-Chapel Hill, NC | 3,984 | $ 648,550,000 | $ 162,788 | $ 124,000 |
| Greensboro-High Point, NC | 3,960 | $ 509,930,000 | $ 128,770 | $ 97,000 |
| Winston-Salem, NC | 2,996 | $ 409,750,000 | $ 136,765 | $ 97,000 |
| Hickory-Lenoir-Morganton, NC | 2,622 | $ 338,700,000 | $ 129,176 | $ 95,000 |
| Asheville, NC | 2,169 | $ 353,705,000 | $ 163,072 | $ 109,000 |
| Fayetteville, NC | 1,563 | $ 192,735,000 | $ 123,310 | $ 99,000 |
| Wilmington, NC | 1,415 | $ 258,325,000 | $ 182,561 | $ 133,000 |
| Burlington, NC | 1,343 | $ 192,275,000 | $ 143,168 | $ 95,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1,202 | $ 240,920,000 | $ 200,432 | $ 136,954 |
| Greenville, NC | 1,106 | $ 137,080,000 | $ 123,942 | $ 106,000 |
| Rocky Mount, NC | 883 | $ 101,395,000 | $ 114,830 | $ 91,000 |
| Goldsboro, NC | 698 | $ 75,050,000 | $ 107,521 | $ 88,000 |
| New Bern, NC | 517 | $ 62,715,000 | $ 121,305 | $ 112,000 |
| Jacksonville, NC | 396 | $ 62,680,000 | $ 158,282 | $ 110,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 212 | $ 34,020,000 | $ 160,471 | $ 110,462 |
| Atlanta-Sandy Springs-Roswell, GA | 129 | $ 29,285,000 | $ 227,015 | $ 146,000 |
| Spartanburg, SC | 98 | $ 18,820,000 | $ 192,040 | $ 92,000 |
| Greenville-Anderson-Mauldin, SC | 94 | $ 19,730,000 | $ 209,893 | $ 113,000 |
| Charleston-North Charleston, SC | 60 | $ 17,120,000 | $ 285,333 | $ 157,000 |
| Columbia, SC | 48 | $ 10,240,000 | $ 213,333 | $ 137,000 |
| Richmond, VA | 42 | $ 9,490,000 | $ 225,952 | $ 186,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 27 | $ 7,445,000 | $ 275,740 | $ 170,000 |
| Johnson City, TN | 24 | $ 4,150,000 | $ 172,916 | $ 72,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 23 | $ 10,025,000 | $ 435,869 | $ 277,434 |
| Roanoke, VA | 22 | $ 4,450,000 | $ 202,272 | $ 145,000 |
| Florence, SC | 18 | $ 2,820,000 | $ 156,666 | $ 114,000 |
| Kingsport-Bristol-Bristol, TN-VA | 17 | $ 2,995,000 | $ 176,176 | $ 100,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 17 | $ 6,015,000 | $ 353,823 | $ 155,000 |
| Augusta-Richmond County, GA-SC | 16 | $ 2,210,000 | $ 138,125 | $ 79,000 |
| Blacksburg-Christiansburg-Radford, VA | 12 | $ 2,010,000 | $ 167,500 | $ 143,000 |
| Charlottesville, VA | 11 | $ 3,005,000 | $ 273,181 | $ 119,000 |
| Lynchburg, VA | 11 | $ 2,565,000 | $ 233,181 | $ 115,000 |
| Knoxville, TN | 10 | $ 2,800,000 | $ 280,000 | $ 203,000 |
| Savannah, GA | 8 | $ 1,990,000 | $ 248,750 | $ 121,000 |
| Memphis, TN-MS-AR | 7 | $ 405,000 | $ 57,857 | $ 118,000 |
| Brunswick, GA | 6 | $ 2,910,000 | $ 485,000 | $ 178,000 |
| Chattanooga, TN-GA | 6 | $ 1,690,000 | $ 281,666 | $ 276,500 |
| Columbus, GA-AL | 4 | $ 670,000 | $ 167,500 | $ 153,000 |
| Gainesville, GA | 4 | $ 730,000 | $ 182,500 | $ 79,000 |
| Macon-Bibb County, GA | 4 | $ 210,000 | $ 52,500 | $ 354,000 |
| Morristown, TN | 4 | $ 1,780,000 | $ 445,000 | $ 281,000 |
| Staunton-Waynesboro, VA | 4 | $ 910,000 | $ 227,500 | $ 83,000 |
| Cleveland, TN | 3 | $ 705,000 | $ 235,000 | $ 102,000 |
| Sumter, SC | 3 | $ 485,000 | $ 161,666 | $ 101,000 |
| Dalton, GA | 2 | $ 240,000 | $ 120,000 | $ 106,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 130,000 | $ 65,000 | $ 152,000 |
| Rome, GA | 2 | $ 400,000 | $ 200,000 | $ 70,000 |
| Winchester, VA-WV | 2 | $ 350,000 | $ 175,000 | $ 107,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 365,000 | $ 365,000 | $ 118,000 |
| Athens-Clarke County, GA | 1 | $ 45,000 | $ 45,000 | $ 300,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 55,000 | $ 55,000 | $ 320,000 |
| Chicago-Naperville, IL | 1 | $ 75,000 | $ 75,000 | $ 93,000 |
| Cleveland-Elyria, OH | 1 | $ 15,000 | $ 15,000 | $ 2,112,000 |
| Columbus, OH | 1 | $ 55,000 | $ 55,000 | $ 114,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 75,000 | $ 75,000 | $ 75,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 5,000 | $ 5,000 | $ 108,000 |
| Harrisburg-Carlisle, PA | 1 | $ 15,000 | $ 15,000 | $ 88,000 |
| Harrisonburg, VA | 1 | $ 205,000 | $ 205,000 | $ 45,000 |
| Jackson, TN | 1 | $ 155,000 | $ 155,000 | $ 55,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 75,000 | $ 75,000 | $ 1,822,000 |
| Philadelphia, PA | 1 | $ 105,000 | $ 105,000 | $ 62,000 |
| Pittsburgh, PA | 1 | $ 55,000 | $ 55,000 | $ 65,000 |
| Port St. Lucie, FL | 1 | $ 25,000 | $ 25,000 | $ 88,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 15,000 | $ 15,000 | $ 96,000 |
| Valdosta, GA | 1 | $ 35,000 | $ 35,000 | $ 58,000 |
| Warner Robins, GA | 1 | $ 235,000 | $ 235,000 | $ 75,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 5,000 | $ 5,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for State Employees' Credit Union in 2023
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 | 19,163 | $4,940,625,000 | $257,000 | $3,975,000 | $117,000 | $6,240,000 |
| Home Improvement | 14,964 | $1,015,810,000 | $67,000 | $1,625,000 | $109,000 | $7,796,000 |
| Other Purpose | 10,899 | $781,185,000 | $71,000 | $4,005,000 | $107,000 | $9,480,000 |
| Refinancing | 9,323 | $1,294,945,000 | $138,000 | $2,005,000 | $102,000 | $3,876,000 |
| Not Applicable | 159 | $17,365,000 | $109,000 | $335,000 | $0 | $0 |
| Cash-out Refinancing | 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 | 33,757 | $5,081,085,000 | $150,000 | $3,975,000 | $114,000 | $7,796,000 |
| Black or African American | 12,547 | $1,570,925,000 | $125,000 | $1,805,000 | $95,000 | $9,480,000 |
| Not Provided | 3,886 | $642,120,000 | $165,000 | $4,005,000 | $127,000 | $7,843,000 |
| Hispanic | 1,843 | $294,645,000 | $159,000 | $955,000 | $95,000 | $2,544,000 |
| Not applicable | 940 | $182,530,000 | $194,000 | $1,185,000 | $0 | $0 |
| American Indian or Alaskan Native | 672 | $79,950,000 | $118,000 | $1,085,000 | $93,000 | $704,000 |
| Asian | 652 | $148,620,000 | $227,000 | $1,165,000 | $134,000 | $1,822,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $4,545,000 | $239,000 | $455,000 | $102,000 | $233,000 |
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) | 54,508 | $8,049,930,000 | $147,000 | $4,005,000 | $110,000 | $9,480,000 |
| 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 | 33,943 | $5,386,785,000 | $158,000 | $4,005,000 | $115,000 | $7,843,000 |
| Application Denied By Financial Institution | 10,561 | $1,095,495,000 | $103,000 | $1,755,000 | $93,000 | $9,480,000 |
| Application Withdrawn By Applicant | 5,908 | $941,320,000 | $159,000 | $1,515,000 | $112,000 | $5,533,000 |
| File Closed For Incompleteness | 2,221 | $248,635,000 | $111,000 | $2,005,000 | $114,000 | $5,200,000 |
| Loan Purchased By The Institution | 1,289 | $278,125,000 | $215,000 | $1,805,000 | $106,000 | $1,474,000 |
| Application Approved But Not Accepted | 586 | $99,570,000 | $169,000 | $1,325,000 | $100,000 | $730,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 43,947 | $6,954,435,000 | $158,000 | $4,005,000 | $114,000 | $7,843,000 |
| Debt-To-Income Ratio | 6,079 | $685,395,000 | $112,000 | $1,755,000 | $63,000 | $1,999,000 |
| Credit History | 2,817 | $229,515,000 | $81,000 | $625,000 | $141,000 | $9,480,000 |
| Collateral | 1,314 | $128,990,000 | $98,000 | $1,755,000 | $115,000 | $4,668,000 |
| Unverifiable Information | 149 | $20,235,000 | $135,000 | $765,000 | $148,000 | $3,984,000 |
| Other | 123 | $21,565,000 | $175,000 | $1,575,000 | $169,000 | $2,112,000 |
| Employment History | 64 | $6,700,000 | $104,000 | $605,000 | $92,000 | $1,560,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $2,395,000 | $217,000 | $385,000 | $85,000 | $161,000 |
| Credit Application Incomplete | 4 | $700,000 | $175,000 | $295,000 | $99,000 | $144,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into State Employees' Credit Union's 2023 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 State Employees' 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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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