Trustone Financial Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, Trustone Financial Credit Union of Plymouth, MN reported 10,756 mortgage applications totaling $1.8 billion, up 25% from 2020. The average application was for $167,882, and applicants reported an average income of $128,136. 72% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (8,846), Milwaukee-Waukesha-West Allis, WI (405) and Lake County-Kenosha County, IL-WI (380) (applications in parentheses).
| Mortgage Company & Address | Trustone Financial Credit Union 14601 27th Avenue North Plymouth, MN 55447 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 | 10,756 |
| Total Mortgage Loan Application Amount | $1,805,740,000 |
| Average Mortgage Loan Application Amount | $167,882 |
| Highest Mortgage Loan Application Amount | $27,755,000 |
| Average Applicant Income | $128,136 |
| Highest Applicant Income | $2,382,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Trustone Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hennepin, Minnesota | 3,805 | $ 701,755,000 | $ 184,429 | $ 137,000 |
| Dakota, Minnesota | 1,188 | $ 195,570,000 | $ 164,621 | $ 123,000 |
| Ramsey, Minnesota | 891 | $ 159,165,000 | $ 178,636 | $ 115,000 |
| Anoka, Minnesota | 839 | $ 129,185,000 | $ 153,974 | $ 112,000 |
| Scott, Minnesota | 505 | $ 84,195,000 | $ 166,722 | $ 136,000 |
| Washington, Minnesota | 495 | $ 85,575,000 | $ 172,878 | $ 148,000 |
| Wright, Minnesota | 431 | $ 63,425,000 | $ 147,157 | $ 121,000 |
| Kenosha, Wisconsin | 380 | $ 47,020,000 | $ 123,736 | $ 83,000 |
| Carver, Minnesota | 229 | $ 39,805,000 | $ 173,820 | $ 166,000 |
| Milwaukee, Wisconsin | 223 | $ 30,985,000 | $ 138,946 | $ 115,000 |
| Sherburne, Minnesota | 214 | $ 30,760,000 | $ 143,738 | $ 118,000 |
| Waukesha, Wisconsin | 135 | $ 18,365,000 | $ 136,037 | $ 175,000 |
| Stearns, Minnesota | 128 | $ 15,070,000 | $ 117,734 | $ 91,000 |
| Racine, Wisconsin | 115 | $ 16,965,000 | $ 147,521 | $ 112,000 |
| Rice, Minnesota | 103 | $ 15,155,000 | $ 147,135 | $ 108,000 |
| Chisago, Minnesota | 83 | $ 13,655,000 | $ 164,518 | $ 113,000 |
| St. Croix, Wisconsin | 63 | $ 11,345,000 | $ 180,079 | $ 145,000 |
| St. Louis, Minnesota | 56 | $ 9,300,000 | $ 166,071 | $ 126,000 |
| Isanti, Minnesota | 48 | $ 5,700,000 | $ 118,750 | $ 115,000 |
| Crow Wing, Minnesota | 45 | $ 9,895,000 | $ 219,888 | $ 180,000 |
| Benton, Minnesota | 41 | $ 5,585,000 | $ 136,219 | $ 90,000 |
| Goodhue, Minnesota | 37 | $ 5,965,000 | $ 161,216 | $ 128,000 |
| Washington, Wisconsin | 29 | $ 3,185,000 | $ 109,827 | $ 160,000 |
| Le Sueur, Minnesota | 28 | $ 5,580,000 | $ 199,285 | $ 117,000 |
| McLeod, Minnesota | 28 | $ 3,040,000 | $ 108,571 | $ 91,000 |
| Cass, Minnesota | 26 | $ 4,520,000 | $ 173,846 | $ 139,000 |
| Meeker, Minnesota | 24 | $ 2,370,000 | $ 98,750 | $ 96,000 |
| Polk, Wisconsin | 23 | $ 4,435,000 | $ 192,826 | $ 158,000 |
| Itasca, Minnesota | 21 | $ 3,145,000 | $ 149,761 | $ 168,000 |
| Mille Lacs, Minnesota | 18 | $ 2,650,000 | $ 147,222 | $ 126,000 |
| Pine, Minnesota | 18 | $ 2,510,000 | $ 139,444 | $ 78,000 |
| Ozaukee, Wisconsin | 18 | $ 3,050,000 | $ 169,444 | $ 213,000 |
| Douglas, Minnesota | 17 | $ 3,325,000 | $ 195,588 | $ 145,000 |
| Kandiyohi, Minnesota | 17 | $ 3,225,000 | $ 189,705 | $ 114,000 |
| Lee, Florida | 16 | $ 3,710,000 | $ 231,875 | $ 285,000 |
| Burnett, Wisconsin | 15 | $ 2,065,000 | $ 137,666 | $ 141,000 |
| Olmsted, Minnesota | 14 | $ 1,480,000 | $ 105,714 | $ 120,000 |
| Walworth, Wisconsin | 14 | $ 1,360,000 | $ 97,142 | $ 98,000 |
| Morrison, Minnesota | 13 | $ 2,195,000 | $ 168,846 | $ 94,000 |
| Otter Tail, Minnesota | 13 | $ 2,155,000 | $ 165,769 | $ 134,000 |
| Dane, Wisconsin | 13 | $ 1,455,000 | $ 111,923 | $ 162,000 |
| Washburn, Wisconsin | 13 | $ 2,305,000 | $ 177,307 | $ 193,000 |
| Aitkin, Minnesota | 11 | $ 2,025,000 | $ 184,090 | $ 111,000 |
| Becker, Minnesota | 11 | $ 2,125,000 | $ 193,181 | $ 106,000 |
| Blue Earth, Minnesota | 10 | $ 1,120,000 | $ 112,000 | $ 56,000 |
| Eau Claire, Wisconsin | 9 | $ 1,275,000 | $ 141,666 | $ 120,000 |
| Pierce, Wisconsin | 9 | $ 935,000 | $ 103,888 | $ 120,000 |
| Carlton, Minnesota | 8 | $ 1,220,000 | $ 152,500 | $ 85,000 |
| Steele, Minnesota | 8 | $ 1,380,000 | $ 172,500 | $ 107,000 |
| Lyon, Minnesota | 7 | $ 1,105,000 | $ 157,857 | $ 75,000 |
| Sibley, Minnesota | 7 | $ 685,000 | $ 97,857 | $ 120,000 |
| Wabasha, Minnesota | 7 | $ 1,075,000 | $ 153,571 | $ 66,000 |
| Hubbard, Minnesota | 6 | $ 1,030,000 | $ 171,666 | $ 112,000 |
| Kanabec, Minnesota | 6 | $ 1,040,000 | $ 173,333 | $ 111,000 |
| Renville, Minnesota | 6 | $ 580,000 | $ 96,666 | $ 98,000 |
| Jefferson, Wisconsin | 6 | $ 660,000 | $ 110,000 | $ 203,000 |
| Sheboygan, Wisconsin | 6 | $ 710,000 | $ 118,333 | $ 86,000 |
| Maricopa, Arizona | 5 | $ 485,000 | $ 97,000 | $ 54,000 |
| Beltrami, Minnesota | 5 | $ 985,000 | $ 197,000 | $ 99,000 |
| Winona, Minnesota | 5 | $ 915,000 | $ 183,000 | $ 133,000 |
| Dodge, Wisconsin | 5 | $ 715,000 | $ 143,000 | $ 154,000 |
| Douglas, Wisconsin | 5 | $ 745,000 | $ 149,000 | $ 103,000 |
| Collier, Florida | 4 | $ 1,090,000 | $ 272,500 | $ 110,000 |
| Hillsborough, Florida | 4 | $ 1,020,000 | $ 255,000 | $ 138,000 |
| Pinellas, Florida | 4 | $ 1,090,000 | $ 272,500 | $ 130,000 |
| Todd, Minnesota | 4 | $ 760,000 | $ 190,000 | $ 110,000 |
| Bayfield, Wisconsin | 4 | $ 640,000 | $ 160,000 | $ 201,000 |
| Sawyer, Wisconsin | 4 | $ 670,000 | $ 167,500 | $ 177,000 |
| Vernon, Wisconsin | 4 | $ 330,000 | $ 82,500 | $ 100,000 |
| Pasco, Florida | 3 | $ 765,000 | $ 255,000 | $ 101,000 |
| Polk, Florida | 3 | $ 795,000 | $ 265,000 | $ 129,000 |
| Clay, Minnesota | 3 | $ 545,000 | $ 181,666 | $ 123,000 |
| Cook, Minnesota | 3 | $ 845,000 | $ 281,666 | $ 120,000 |
| Cottonwood, Minnesota | 3 | $ 215,000 | $ 71,666 | $ 62,000 |
| Freeborn, Minnesota | 3 | $ 165,000 | $ 55,000 | $ 104,000 |
| Houston, Minnesota | 3 | $ 375,000 | $ 125,000 | $ 89,000 |
| Lake, Minnesota | 3 | $ 715,000 | $ 238,333 | $ 508,000 |
| Pope, Minnesota | 3 | $ 1,175,000 | $ 391,666 | $ 186,000 |
| Redwood, Minnesota | 3 | $ 285,000 | $ 95,000 | $ 125,000 |
| Roseau, Minnesota | 3 | $ 295,000 | $ 98,333 | $ 86,000 |
| Wadena, Minnesota | 3 | $ 355,000 | $ 118,333 | $ 52,000 |
| Barron, Wisconsin | 3 | $ 475,000 | $ 158,333 | $ 158,000 |
| Marathon, Wisconsin | 3 | $ 585,000 | $ 195,000 | $ 205,000 |
| Winnebago, Wisconsin | 3 | $ 225,000 | $ 75,000 | $ 77,000 |
| Wood, Wisconsin | 3 | $ 185,000 | $ 61,666 | $ 176,000 |
| Lake, Florida | 2 | $ 230,000 | $ 115,000 | $ 44,000 |
| Manatee, Florida | 2 | $ 450,000 | $ 225,000 | $ 90,000 |
| Brown, Minnesota | 2 | $ 150,000 | $ 75,000 | $ 105,000 |
| Chippewa, Minnesota | 2 | $ 140,000 | $ 70,000 | $ 106,000 |
| Fillmore, Minnesota | 2 | $ 350,000 | $ 175,000 | $ 43,000 |
| Mower, Minnesota | 2 | $ 200,000 | $ 100,000 | $ 36,000 |
| Nicollet, Minnesota | 2 | $ 90,000 | $ 45,000 | $ 125,000 |
| Polk, Minnesota | 2 | $ 210,000 | $ 105,000 | $ 65,000 |
| Brown, Wisconsin | 2 | $ 340,000 | $ 170,000 | $ 67,000 |
| Chippewa, Wisconsin | 2 | $ 450,000 | $ 225,000 | $ 93,000 |
| Clark, Wisconsin | 2 | $ 90,000 | $ 45,000 | $ 43,000 |
| Fond du Lac, Wisconsin | 2 | $ 400,000 | $ 200,000 | $ 103,000 |
| La Crosse, Wisconsin | 2 | $ 180,000 | $ 90,000 | $ 90,000 |
| Lincoln, Wisconsin | 2 | $ 630,000 | $ 315,000 | $ 101,000 |
| Oneida, Wisconsin | 2 | $ 140,000 | $ 70,000 | $ 420,000 |
| Pepin, Wisconsin | 2 | $ 570,000 | $ 285,000 | $ 86,000 |
| Portage, Wisconsin | 2 | $ 330,000 | $ 165,000 | $ 113,000 |
| Rock, Wisconsin | 2 | $ 130,000 | $ 65,000 | $ 54,000 |
| Alachua, Florida | 1 | $ 215,000 | $ 215,000 | $ 322,000 |
| Brevard, Florida | 1 | $ 255,000 | $ 255,000 | $ 159,000 |
| Hernando, Florida | 1 | $ 125,000 | $ 125,000 | $ 35,000 |
| Indian River, Florida | 1 | $ 135,000 | $ 135,000 | $ 69,000 |
| Orange, Florida | 1 | $ 415,000 | $ 415,000 | $ 244,000 |
| Osceola, Florida | 1 | $ 155,000 | $ 155,000 | $ 109,000 |
| Sarasota, Florida | 1 | $ 205,000 | $ 205,000 | $ 169,000 |
| St. Johns, Florida | 1 | $ 455,000 | $ 455,000 | $ 133,000 |
| Clayton, Georgia | 1 | $ 105,000 | $ 105,000 | $ 59,000 |
| Cook, Illinois | 1 | $ 5,000 | $ 5,000 | $ 42,000 |
| Polk, Iowa | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Big Stone, Minnesota | 1 | $ 15,000 | $ 15,000 | $ 39,000 |
| Dodge, Minnesota | 1 | $ 235,000 | $ 235,000 | $ 140,000 |
| Faribault, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 44,000 |
| Grant, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 87,000 |
| Koochiching, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 88,000 |
| Martin, Minnesota | 1 | $ 205,000 | $ 205,000 | $ 105,000 |
| Waseca, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 86,000 |
| Yellow Medicine, Minnesota | 1 | $ 85,000 | $ 85,000 | $ 145,000 |
| Harris, Texas | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Hidalgo, Texas | 1 | $ 2,025,000 | $ 2,025,000 | $ 0 |
| Montgomery, Texas | 1 | $ 85,000 | $ 85,000 | $ 240,000 |
| Adams, Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 74,000 |
| Columbia, Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 90,000 |
| Door, Wisconsin | 1 | $ 25,000 | $ 25,000 | $ 42,000 |
| Marinette, Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 85,000 |
| Outagamie, Wisconsin | 1 | $ 15,000 | $ 15,000 | $ 90,000 |
| Sauk, Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 144,000 |
| Shawano, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 63,000 |
| Vilas, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 249,000 |
| Waupaca, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 118,000 |
Mortgage Loan Application Detail Totals for Trustone Financial Credit Union in 2021
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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,757 | $563,645,000 | $204,000 | $27,755,000 | $126,000 | $1,726,000 |
| Home Improvement | 2,403 | $177,665,000 | $73,000 | $895,000 | $140,000 | $2,382,000 |
| Home Purchase | 2,220 | $540,250,000 | $243,000 | $7,415,000 | $124,000 | $1,489,000 |
| Other Purpose | 1,710 | $133,240,000 | $77,000 | $755,000 | $136,000 | $1,670,000 |
| Cash-out Refinancing | 1,666 | $390,940,000 | $234,000 | $1,265,000 | $112,000 | $868,000 |
| 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 | 8,655 | $1,392,385,000 | $160,000 | $2,005,000 | $131,000 | $1,800,000 |
| Not Provided | 770 | $142,140,000 | $184,000 | $1,405,000 | $136,000 | $2,382,000 |
| Black or African American | 512 | $82,740,000 | $161,000 | $565,000 | $93,000 | $711,000 |
| Hispanic | 361 | $55,735,000 | $154,000 | $535,000 | $95,000 | $468,000 |
| Asian | 347 | $61,725,000 | $177,000 | $1,055,000 | $129,000 | $720,000 |
| American Indian or Alaskan Native | 57 | $8,955,000 | $157,000 | $895,000 | $103,000 | $375,000 |
| Not applicable | 21 | $57,165,000 | $2,722,000 | $27,755,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 12 | $1,950,000 | $162,000 | $315,000 | $100,000 | $193,000 |
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) | 10,491 | $1,736,305,000 | $165,000 | $27,755,000 | $129,000 | $2,382,000 |
| FHA-insured (Federal Housing Administration) | 192 | $49,760,000 | $259,000 | $525,000 | $75,000 | $223,000 |
| VA-guaranteed (Veterans Administration) | 68 | $18,530,000 | $272,000 | $565,000 | $85,000 | $313,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $1,145,000 | $229,000 | $375,000 | $68,000 | $83,000 |
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 | 7,765 | $1,363,445,000 | $175,000 | $27,755,000 | $132,000 | $2,382,000 |
| Application Withdrawn By Applicant | 1,600 | $265,330,000 | $165,000 | $1,055,000 | $122,000 | $1,670,000 |
| Application Denied By Financial Institution | 1,144 | $134,770,000 | $117,000 | $1,425,000 | $108,000 | $1,800,000 |
| Application Approved But Not Accepted | 247 | $42,195,000 | $170,000 | $1,015,000 | $133,000 | $826,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 9,612 | $1,670,970,000 | $173,000 | $27,755,000 | $131,000 | $2,382,000 |
| Debt-To-Income Ratio | 317 | $39,305,000 | $123,000 | $1,065,000 | $69,000 | $361,000 |
| Credit History | 237 | $27,595,000 | $116,000 | $575,000 | $113,000 | $1,644,000 |
| Unverifiable Information | 223 | $24,595,000 | $110,000 | $725,000 | $124,000 | $1,062,000 |
| Credit Application Incomplete | 192 | $16,340,000 | $85,000 | $545,000 | $122,000 | $434,000 |
| Collateral | 100 | $9,780,000 | $97,000 | $755,000 | $137,000 | $647,000 |
| Other | 42 | $9,160,000 | $218,000 | $1,425,000 | $163,000 | $1,800,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 21 | $5,085,000 | $242,000 | $455,000 | $74,000 | $228,000 |
| Employment History | 12 | $2,910,000 | $242,000 | $445,000 | $85,000 | $161,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Trustone Financial Credit Union's 2021 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 Trustone 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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