Fort Mcclellan Credit Union Mortgage Rates, Fees & Info
Anniston, ALLEI: 254900RA6QUTUBU19D95
Tax ID: 63-0346919
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Fort Mcclellan Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Fort Mcclellan Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Anniston, Talladega, and Gadsden among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Fort Mcclellan Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
32Origination Dollar Volume (All Markets)
$3,380,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 15 | $1,625,000 | $108,333 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,015,000 | $92,273 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $3,380,000 | $105,625 | $0 | 0.00% |
For 2020, Fort Mcclellan Credit Union's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 13 | $1,245,000 | $95,769 | $0 | 0.00% |
| Refi | 12 | $1,490,000 | $124,167 | $0 | 0.00% |
| Home Purchase | 7 | $645,000 | $92,143 | $0 | 0.00% |
For 2020, Fort Mcclellan Credit Union's most frequently cited loan purpose was Cash Out Refi, with 13 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $3,380,000 | $105,625 | $0 | 0.00% |
For 2020, Fort Mcclellan Credit Union's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2020 saw Fort Mcclellan Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $920,000 in origination value.
Applicant Income
Fort Mcclellan Credit Union lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $3,045,000 | $112,778 | $0 | 0.00% |
| Black | 5 | $335,000 | $67,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications74.14%
Fort Mcclellan Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination65.63%
Fort Mcclellan Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 32 | $3,380,000 | $105,625 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $1,075,000 | $97,727 |
| Single Family (1-4 Units):Site-Built | 21 | $2,305,000 | $109,762 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FORD MOTOR CREDIT CO. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |