Members Choice Financial Credit Union Mortgage Rates, Fees & Info
Danville, PALEI: 5493006RLJ90VH94SV71
Tax ID: 24-0823199
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Mortgage Data
Review & Overview
Members Choice Financial Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Members Choice Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sunbury, Bloomsburg, Lewisburg, Selinsgrove, and Philadelphia among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Members Choice Financial Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
150Origination Dollar Volume (All Markets)
$14,790,000Top 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 |
|---|---|---|---|---|---|
| Sunbury, PA (FHA|USDA|VA) | 65 | $6,845,000 | $105,308 | $0 | 0.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 46 | $3,710,000 | $80,652 | $0 | 0.00% |
| Lewisburg, PA (FHA|USDA|VA) | 17 | $1,255,000 | $73,824 | $0 | 0.00% |
| Selinsgrove, PA (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $395,000 | $395,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 6 | $240,000 | $40,000 | $0 | 0.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 150 | $14,790,000 | $98,600 | $0 | 0.00% |
For 2023, Members Choice Financial Credit Union's most frequently originated type of loan was Conventional, with 150 originations.
Loan Reason
For 2023, Members Choice Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 43 originations. The 2nd most popular reason was Other, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 150 | $14,790,000 | $98,600 | $0 | 0.00% |
For 2023, Members Choice Financial Credit Union's most frequently cited loan duration was Other, with 150 originations.
Loan Sizing
2023 saw Members Choice Financial Credit Union place emphasis on $100,000 or less loans with 106 originations, totaling $4,660,000 in origination value.
Applicant Income
Members Choice Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k or less, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 150 | $14,790,000 | $98,600 | $0 | 0.00% |
Members Choice Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 150 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.60%
Members Choice Financial Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.67%
Members Choice Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 150 | $14,790,000 | $98,600 |