Westby Co-Op Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Westby Co-Op Credit Union of Westby, WI reported 502 mortgage applications totaling $59.6 million, down 14% from 2023. The average application was for $118,705, and applicants reported an average income of $92,766. 81% of its applications resulted in an originated loan and 3% were denied. Its largest markets were La Crosse-Onalaska, WI-MN (97), Madison, WI (26) and Janesville-Beloit, WI (2) (applications in parentheses).
| Mortgage Company & Address | Westby Co-Op Credit Union 501 N Main St Westby, WI 54667 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 502 |
| Total Mortgage Loan Application Amount | $59,590,000 |
| Average Mortgage Loan Application Amount | $118,705 |
| Highest Mortgage Loan Application Amount | $745,000 |
| Average Applicant Income | $92,766 |
| Highest Applicant Income | $349,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Westby Co-Op Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 372 | $ 43,600,000 | $ 117,204 | $ 94,000 |
| La Crosse-Onalaska, WI-MN | 97 | $ 11,435,000 | $ 117,886 | $ 90,000 |
| Madison, WI | 26 | $ 3,320,000 | $ 127,692 | $ 89,000 |
| Janesville-Beloit, WI | 2 | $ 270,000 | $ 135,000 | $ 59,000 |
| Eau Claire, WI | 1 | $ 155,000 | $ 155,000 | $ 152,000 |
| Kenosha, WI | 1 | $ 165,000 | $ 165,000 | $ 87,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 375,000 | $ 375,000 | $ 207,000 |
| Oshkosh-Neenah, WI | 1 | $ 195,000 | $ 195,000 | $ 77,000 |
| Wausau, WI | 1 | $ 75,000 | $ 75,000 | $ 23,000 |
Mortgage Loan Application Detail Totals for Westby Co-Op Credit Union in 2024
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 305 | $25,555,000 | $83,000 | $745,000 | $90,000 | $325,000 |
| Home Purchase | 155 | $26,645,000 | $171,000 | $505,000 | $91,000 | $325,000 |
| Refinancing | 32 | $7,010,000 | $219,000 | $445,000 | $122,000 | $349,000 |
| Home Improvement | 10 | $380,000 | $38,000 | $65,000 | $111,000 | $183,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 461 | $54,595,000 | $118,000 | $745,000 | $93,000 | $349,000 |
| Not applicable | 22 | $2,580,000 | $117,000 | $275,000 | $0 | $0 |
| Hispanic | 8 | $1,090,000 | $136,000 | $235,000 | $97,000 | $142,000 |
| Black or African American | 5 | $565,000 | $113,000 | $185,000 | $108,000 | $163,000 |
| Not Provided | 3 | $285,000 | $95,000 | $185,000 | $82,000 | $105,000 |
| American Indian or Alaskan Native | 2 | $390,000 | $195,000 | $315,000 | $82,000 | $142,000 |
| Asian | 1 | $85,000 | $85,000 | $85,000 | $63,000 | $63,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 495 | $58,395,000 | $117,000 | $745,000 | $93,000 | $349,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $1,195,000 | $170,000 | $315,000 | $79,000 | $142,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 408 | $48,190,000 | $118,000 | $745,000 | $97,000 | $349,000 |
| Application Withdrawn By Applicant | 54 | $7,360,000 | $136,000 | $505,000 | $86,000 | $221,000 |
| File Closed For Incompleteness | 21 | $1,925,000 | $91,000 | $235,000 | $67,000 | $104,000 |
| Application Denied By Financial Institution | 14 | $1,850,000 | $132,000 | $375,000 | $58,000 | $126,000 |
| Application Approved But Not Accepted | 5 | $265,000 | $53,000 | $85,000 | $60,000 | $88,000 |
| 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 | 488 | $57,740,000 | $118,000 | $745,000 | $94,000 | $349,000 |
| Debt-To-Income Ratio | 6 | $650,000 | $108,000 | $355,000 | $42,000 | $72,000 |
| Collateral | 4 | $510,000 | $127,000 | $175,000 | $69,000 | $126,000 |
| Other | 2 | $600,000 | $300,000 | $375,000 | $85,000 | $101,000 |
| Credit History | 2 | $90,000 | $45,000 | $55,000 | $61,000 | $77,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Westby Co-Op Credit Union's 2024 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 Westby Co-Op 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.
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