Wings Financial Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, Wings Financial Credit Union of Apple Valley, MN reported 636 mortgage applications totaling $116.9 million, down 72% from 2003. The average application was for $183,864, and applicants reported an average income of $78,721. 81% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (335), Detroit-Livonia-Dearborn, MI (12) and Seattle-Bellevue-Everett, WA (11) (applications in parentheses).
| Mortgage Company & Address | Wings Financial Credit Union 14985 Glazier Avenue Apple Valley, MN 55124 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 636 |
| Total Mortgage Loan Application Amount | $116,938,000 |
| Average Mortgage Loan Application Amount | $183,864 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $78,721 |
| Highest Applicant Income | $405,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wings Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dakota, Minnesota | 142 | $ 25,912,000 | $ 182,478 | $ 69,000 |
| Hennepin, Minnesota | 92 | $ 16,023,000 | $ 174,163 | $ 82,000 |
| Ramsey, Minnesota | 33 | $ 5,888,000 | $ 178,424 | $ 60,000 |
| Washington, Minnesota | 23 | $ 4,560,000 | $ 198,260 | $ 71,000 |
| Scott, Minnesota | 22 | $ 5,058,000 | $ 229,909 | $ 76,000 |
| Wayne, Michigan | 12 | $ 1,745,000 | $ 145,416 | $ 64,000 |
| Rice, Minnesota | 9 | $ 2,036,000 | $ 226,222 | $ 98,000 |
| King, Washington | 9 | $ 2,200,000 | $ 244,444 | $ 97,000 |
| Oakland, Michigan | 8 | $ 1,799,000 | $ 224,875 | $ 85,000 |
| Maricopa, Arizona | 7 | $ 1,309,000 | $ 187,000 | $ 75,000 |
| Anoka, Minnesota | 7 | $ 1,232,000 | $ 176,000 | $ 77,000 |
| St. Louis, Minnesota | 7 | $ 827,000 | $ 118,142 | $ 67,000 |
| Shelby, Tennessee | 7 | $ 1,065,000 | $ 152,142 | $ 68,000 |
| Livingston, Michigan | 6 | $ 1,476,000 | $ 246,000 | $ 142,000 |
| Crow Wing, Minnesota | 6 | $ 827,000 | $ 137,833 | $ 51,000 |
| Palm Beach, Florida | 5 | $ 1,150,000 | $ 230,000 | $ 81,000 |
| Carver, Minnesota | 5 | $ 986,000 | $ 197,200 | $ 91,000 |
| Wright, Minnesota | 5 | $ 1,016,000 | $ 203,200 | $ 63,000 |
| DeSoto, Mississippi | 5 | $ 628,000 | $ 125,600 | $ 48,000 |
| Pierce, Wisconsin | 5 | $ 1,137,000 | $ 227,400 | $ 93,000 |
| Polk, Wisconsin | 5 | $ 844,000 | $ 168,800 | $ 115,000 |
| St. Croix, Wisconsin | 5 | $ 1,052,000 | $ 210,400 | $ 81,000 |
| Collier, Florida | 4 | $ 628,000 | $ 157,000 | $ 49,000 |
| Hillsborough, Florida | 4 | $ 624,000 | $ 156,000 | $ 56,000 |
| Kent, Michigan | 4 | $ 1,034,000 | $ 258,500 | $ 118,000 |
| San Diego, California | 3 | $ 990,000 | $ 330,000 | $ 157,000 |
| Charlotte, Florida | 3 | $ 346,000 | $ 115,333 | $ 73,000 |
| Washtenaw, Michigan | 3 | $ 813,000 | $ 271,000 | $ 87,000 |
| Aitkin, Minnesota | 3 | $ 540,000 | $ 180,000 | $ 65,000 |
| Goodhue, Minnesota | 3 | $ 486,000 | $ 162,000 | $ 71,000 |
| Clark, Nevada | 3 | $ 597,000 | $ 199,000 | $ 63,000 |
| Douglas, Wisconsin | 3 | $ 492,000 | $ 164,000 | $ 84,000 |
| Anchorage, Alaska | 2 | $ 136,000 | $ 68,000 | $ 143,000 |
| Santa Clara, California | 2 | $ 633,000 | $ 316,500 | $ 152,000 |
| Hartford, Connecticut | 2 | $ 354,000 | $ 177,000 | $ 73,000 |
| Broward, Florida | 2 | $ 194,000 | $ 97,000 | $ 28,000 |
| Lee, Florida | 2 | $ 546,000 | $ 273,000 | $ 158,000 |
| Osceola, Florida | 2 | $ 253,000 | $ 126,500 | $ 57,000 |
| Pinellas, Florida | 2 | $ 135,000 | $ 67,500 | $ 35,000 |
| Walton, Florida | 2 | $ 439,000 | $ 219,500 | $ 60,000 |
| Fulton, Georgia | 2 | $ 384,000 | $ 192,000 | $ 53,000 |
| Honolulu, Hawaii | 2 | $ 963,000 | $ 481,500 | $ 181,000 |
| Cook, Illinois | 2 | $ 197,000 | $ 98,500 | $ 37,000 |
| McHenry, Illinois | 2 | $ 208,000 | $ 104,000 | $ 57,000 |
| Anne Arundel, Maryland | 2 | $ 322,000 | $ 161,000 | $ 47,000 |
| Suffolk, Massachusetts | 2 | $ 461,000 | $ 230,500 | $ 54,000 |
| Carlton, Minnesota | 2 | $ 372,000 | $ 186,000 | $ 125,000 |
| Chisago, Minnesota | 2 | $ 367,000 | $ 183,500 | $ 83,000 |
| Isanti, Minnesota | 2 | $ 347,000 | $ 173,500 | $ 54,000 |
| Sherburne, Minnesota | 2 | $ 528,000 | $ 264,000 | $ 62,000 |
| Clay, Missouri | 2 | $ 210,000 | $ 105,000 | $ 75,000 |
| Carroll, New Hampshire | 2 | $ 777,000 | $ 388,500 | $ 187,000 |
| Merrimack, New Hampshire | 2 | $ 451,000 | $ 225,500 | $ 87,000 |
| Columbia, New York | 2 | $ 499,000 | $ 249,500 | $ 108,000 |
| Mecklenburg, North Carolina | 2 | $ 380,000 | $ 190,000 | $ 99,000 |
| Cass, North Dakota | 2 | $ 148,000 | $ 74,000 | $ 54,000 |
| Franklin, Ohio | 2 | $ 200,000 | $ 100,000 | $ 30,000 |
| Dallas, Texas | 2 | $ 314,000 | $ 157,000 | $ 80,000 |
| Snohomish, Washington | 2 | $ 536,000 | $ 268,000 | $ 81,000 |
| Milwaukee, Wisconsin | 2 | $ 164,000 | $ 82,000 | $ 43,000 |
| Pike, Alabama | 1 | $ 54,000 | $ 54,000 | $ 85,000 |
| Matanuska-Susitna, Alaska | 1 | $ 148,000 | $ 148,000 | $ 60,000 |
| Yavapai, Arizona | 1 | $ 232,000 | $ 232,000 | $ 45,000 |
| Baxter, Arkansas | 1 | $ 100,000 | $ 100,000 | $ 81,000 |
| Benton, Arkansas | 1 | $ 124,000 | $ 124,000 | $ 37,000 |
| Fresno, California | 1 | $ 237,000 | $ 237,000 | $ 48,000 |
| Orange, California | 1 | $ 418,000 | $ 418,000 | $ 111,000 |
| Riverside, California | 1 | $ 54,000 | $ 54,000 | $ 51,000 |
| San Luis Obispo, California | 1 | $ 334,000 | $ 334,000 | $ 95,000 |
| San Mateo, California | 1 | $ 200,000 | $ 200,000 | $ 40,000 |
| Adams, Colorado | 1 | $ 214,000 | $ 214,000 | $ 39,000 |
| New Castle, Delaware | 1 | $ 180,000 | $ 180,000 | $ 68,000 |
| Brevard, Florida | 1 | $ 120,000 | $ 120,000 | $ 23,000 |
| Hernando, Florida | 1 | $ 119,000 | $ 119,000 | $ 31,000 |
| Indian River, Florida | 1 | $ 230,000 | $ 230,000 | $ 44,000 |
| Lake, Florida | 1 | $ 287,000 | $ 287,000 | $ 139,000 |
| Manatee, Florida | 1 | $ 56,000 | $ 56,000 | $ 59,000 |
| Marion, Florida | 1 | $ 149,000 | $ 149,000 | $ 48,000 |
| Miami-Dade, Florida | 1 | $ 70,000 | $ 70,000 | $ 161,000 |
| Orange, Florida | 1 | $ 217,000 | $ 217,000 | $ 52,000 |
| Santa Rosa, Florida | 1 | $ 150,000 | $ 150,000 | $ 405,000 |
| Seminole, Florida | 1 | $ 236,000 | $ 236,000 | $ 102,000 |
| Volusia, Florida | 1 | $ 205,000 | $ 205,000 | $ 140,000 |
| Cherokee, Georgia | 1 | $ 215,000 | $ 215,000 | $ 131,000 |
| Clayton, Georgia | 1 | $ 113,000 | $ 113,000 | $ 52,000 |
| Cobb, Georgia | 1 | $ 230,000 | $ 230,000 | $ 121,000 |
| Forsyth, Georgia | 1 | $ 414,000 | $ 414,000 | $ 103,000 |
| Hawaii, Hawaii | 1 | $ 148,000 | $ 148,000 | $ 54,000 |
| Boise, Idaho | 1 | $ 100,000 | $ 100,000 | $ 113,000 |
| Kootenai, Idaho | 1 | $ 50,000 | $ 50,000 | $ 30,000 |
| Lake, Illinois | 1 | $ 55,000 | $ 55,000 | $ 28,000 |
| Monroe, Illinois | 1 | $ 257,000 | $ 257,000 | $ 111,000 |
| Monroe, Indiana | 1 | $ 120,000 | $ 120,000 | $ 28,000 |
| Black Hawk, Iowa | 1 | $ 121,000 | $ 121,000 | $ 48,000 |
| Dallas, Iowa | 1 | $ 219,000 | $ 219,000 | $ 108,000 |
| Ringgold, Iowa | 1 | $ 113,000 | $ 113,000 | $ 61,000 |
| Johnson, Kansas | 1 | $ 153,000 | $ 153,000 | $ 55,000 |
| Campbell, Kentucky | 1 | $ 113,000 | $ 113,000 | $ 40,000 |
| Larue, Kentucky | 1 | $ 70,000 | $ 70,000 | $ 28,000 |
| Waldo, Maine | 1 | $ 180,000 | $ 180,000 | $ 47,000 |
| Montgomery, Maryland | 1 | $ 236,000 | $ 236,000 | $ 46,000 |
| Essex, Massachusetts | 1 | $ 145,000 | $ 145,000 | $ 76,000 |
| Bay, Michigan | 1 | $ 203,000 | $ 203,000 | $ 48,000 |
| Gladwin, Michigan | 1 | $ 122,000 | $ 122,000 | $ 79,000 |
| Lenawee, Michigan | 1 | $ 66,000 | $ 66,000 | $ 42,000 |
| Monroe, Michigan | 1 | $ 194,000 | $ 194,000 | $ 157,000 |
| Clearwater, Minnesota | 1 | $ 65,000 | $ 65,000 | $ 67,000 |
| Dodge, Minnesota | 1 | $ 117,000 | $ 117,000 | $ 30,000 |
| Hubbard, Minnesota | 1 | $ 129,000 | $ 129,000 | $ 62,000 |
| Itasca, Minnesota | 1 | $ 192,000 | $ 192,000 | $ 188,000 |
| Lake, Minnesota | 1 | $ 70,000 | $ 70,000 | $ 32,000 |
| Le Sueur, Minnesota | 1 | $ 176,000 | $ 176,000 | $ 86,000 |
| Olmsted, Minnesota | 1 | $ 334,000 | $ 334,000 | $ 188,000 |
| Pine, Minnesota | 1 | $ 250,000 | $ 250,000 | $ 43,000 |
| Sibley, Minnesota | 1 | $ 183,000 | $ 183,000 | $ 72,000 |
| Todd, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Cass, Missouri | 1 | $ 176,000 | $ 176,000 | $ 45,000 |
| Dawson, Montana | 1 | $ 46,000 | $ 46,000 | $ 104,000 |
| Gallatin, Montana | 1 | $ 140,000 | $ 140,000 | $ 95,000 |
| Yellowstone, Montana | 1 | $ 80,000 | $ 80,000 | $ 120,000 |
| Douglas, Nevada | 1 | $ 267,000 | $ 267,000 | $ 42,000 |
| Belknap, New Hampshire | 1 | $ 200,000 | $ 200,000 | $ 144,000 |
| Hillsborough, New Hampshire | 1 | $ 125,000 | $ 125,000 | $ 190,000 |
| Strafford, New Hampshire | 1 | $ 153,000 | $ 153,000 | $ 53,000 |
| Atlantic, New Jersey | 1 | $ 300,000 | $ 300,000 | $ 90,000 |
| Camden, New Jersey | 1 | $ 330,000 | $ 330,000 | $ 89,000 |
| Middlesex, New Jersey | 1 | $ 149,000 | $ 149,000 | $ 24,000 |
| Ocean, New Jersey | 1 | $ 291,000 | $ 291,000 | $ 105,000 |
| Nassau, New York | 1 | $ 250,000 | $ 250,000 | $ 100,000 |
| Onondaga, New York | 1 | $ 150,000 | $ 150,000 | $ 229,000 |
| Catawba, North Carolina | 1 | $ 85,000 | $ 85,000 | $ 83,000 |
| Union, North Carolina | 1 | $ 160,000 | $ 160,000 | $ 45,000 |
| Wake, North Carolina | 1 | $ 221,000 | $ 221,000 | $ 105,000 |
| Grand Forks, North Dakota | 1 | $ 38,000 | $ 38,000 | $ 19,000 |
| Ward, North Dakota | 1 | $ 46,000 | $ 46,000 | $ 53,000 |
| Hamilton, Ohio | 1 | $ 131,000 | $ 131,000 | $ 115,000 |
| Licking, Ohio | 1 | $ 92,000 | $ 92,000 | $ 75,000 |
| Lucas, Ohio | 1 | $ 203,000 | $ 203,000 | $ 210,000 |
| Montgomery, Ohio | 1 | $ 81,000 | $ 81,000 | $ 21,000 |
| Portage, Ohio | 1 | $ 145,000 | $ 145,000 | $ 58,000 |
| Clackamas, Oregon | 1 | $ 170,000 | $ 170,000 | $ 87,000 |
| Berks, Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 109,000 |
| Bradford, Pennsylvania | 1 | $ 128,000 | $ 128,000 | $ 34,000 |
| Bucks, Pennsylvania | 1 | $ 219,000 | $ 219,000 | $ 58,000 |
| Butler, Pennsylvania | 1 | $ 132,000 | $ 132,000 | $ 102,000 |
| Cumberland, Pennsylvania | 1 | $ 92,000 | $ 92,000 | $ 71,000 |
| Spartanburg, South Carolina | 1 | $ 203,000 | $ 203,000 | $ 97,000 |
| Codington, South Dakota | 1 | $ 134,000 | $ 134,000 | $ 135,000 |
| Minnehaha, South Dakota | 1 | $ 131,000 | $ 131,000 | $ 45,000 |
| Fayette, Tennessee | 1 | $ 190,000 | $ 190,000 | $ 245,000 |
| Sevier, Tennessee | 1 | $ 95,000 | $ 95,000 | $ 72,000 |
| Tipton, Tennessee | 1 | $ 116,000 | $ 116,000 | $ 53,000 |
| Bexar, Texas | 1 | $ 68,000 | $ 68,000 | $ 69,000 |
| Collin, Texas | 1 | $ 119,000 | $ 119,000 | $ 106,000 |
| Comal, Texas | 1 | $ 311,000 | $ 311,000 | $ 116,000 |
| Cooke, Texas | 1 | $ 272,000 | $ 272,000 | $ 200,000 |
| Denton, Texas | 1 | $ 270,000 | $ 270,000 | $ 166,000 |
| Harris, Texas | 1 | $ 144,000 | $ 144,000 | $ 382,000 |
| Lubbock, Texas | 1 | $ 50,000 | $ 50,000 | $ 79,000 |
| Fairfax, Virginia | 1 | $ 334,000 | $ 334,000 | $ 110,000 |
| Henrico, Virginia | 1 | $ 281,000 | $ 281,000 | $ 142,000 |
| Shenandoah, Virginia | 1 | $ 270,000 | $ 270,000 | $ 168,000 |
| Grays Harbor, Washington | 1 | $ 70,000 | $ 70,000 | $ 51,000 |
| Mason, Washington | 1 | $ 63,000 | $ 63,000 | $ 64,000 |
| Pierce, Washington | 1 | $ 160,000 | $ 160,000 | $ 62,000 |
| Whatcom, Washington | 1 | $ 167,000 | $ 167,000 | $ 64,000 |
| Barron, Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 41,000 |
| Dane, Wisconsin | 1 | $ 103,000 | $ 103,000 | $ 96,000 |
| Kenosha, Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 202,000 |
| Waukesha, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Wings Financial Credit Union in 2004
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 | 345 | $59,771,000 | $167,424 | $747,000 | $82,969 | $405,000 |
| Home Purchase | 271 | $53,677,000 | $168,918 | $800,000 | $79,513 | $382,000 |
| Home Improvement | 20 | $3,490,000 | $223,000 | $418,000 | $78,833 | $172,000 |
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 | 476 | $86,332,000 | $175,384 | $747,000 | $80,743 | $405,000 |
| Not Provided | 125 | $23,481,000 | $171,360 | $800,000 | $83,920 | $296,000 |
| Black or African American | 14 | $2,519,000 | $179,250 | $320,000 | $52,250 | $134,000 |
| Asian | 8 | $1,699,000 | $210,750 | $400,000 | $87,000 | $161,000 |
| Hispanic | 7 | $1,498,000 | $221,250 | $334,000 | $75,000 | $117,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,227,000 | $235,666 | $475,000 | $104,666 | $193,000 |
| American Indian or Alaskan Native | 1 | $182,000 | $182,000 | $182,000 | $61,000 | $61,000 |
| Not applicable | 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) | 636 | $116,938,000 | $173,166 | $800,000 | $79,380 | $405,000 |
| 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 | 512 | $92,735,000 | $171,675 | $800,000 | $83,325 | $405,000 |
| Application Approved But Not Accepted | 58 | $10,794,000 | $154,333 | $442,000 | $70,055 | $147,000 |
| Application Denied By Financial Institution | 43 | $8,646,000 | $183,000 | $418,000 | $53,266 | $128,000 |
| Preapproval Denied by Financial Institution | 12 | $2,957,000 | $246,000 | $399,000 | $65,000 | $143,000 |
| Application Withdrawn By Applicant | 10 | $1,736,000 | $172,500 | $290,000 | $71,500 | $138,000 |
| File Closed For Incompleteness | 1 | $70,000 | $70,000 | $70,000 | $28,000 | $28,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 36 | $7,880,000 | $214,250 | $418,000 | $54,250 | $143,000 |
| Debt-To-Income Ratio | 9 | $1,837,000 | $167,400 | $315,000 | $46,200 | $82,000 |
| Collateral | 7 | $1,217,000 | $173,857 | $330,000 | $62,428 | $89,000 |
| Employment History | 2 | $538,000 | $269,000 | $300,000 | $75,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wings Financial Credit Union's 2004 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 Wings 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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