Members Choice Financial Credit Union Mortgage Rates, Fees & Info

Danville, PA

LEI: 5493006RLJ90VH94SV71

Tax ID: 24-0823199

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Members Choice Financial Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Home Improvement loans. Members Choice Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bloomsburg, Sunbury, Lewisburg, and Pottsville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Members Choice Financial 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    43

    Origination Dollar Volume (All Markets)

    $3,425,000

    Top 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
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 20 $1,490,000 $74,500 $0 0.00%
    Sunbury, PA (FHA|USDA|VA) 18 $1,380,000 $76,667 $0 0.00%
    Lewisburg, PA (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    Members Choice Financial Credit Union's top markets include Bloomsburg, Sunbury, Lewisburg, and Pottsville among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $3,425,000 $79,651 $0 0.00%

    For 2019, Members Choice Financial Credit Union's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $985,000 $75,769 $0 0.00%
    Refi 12 $1,100,000 $91,667 $0 0.00%
    Home Improvement 11 $805,000 $73,182 $0 0.00%
    Cash Out Refi 5 $425,000 $85,000 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%

    For 2019, Members Choice Financial Credit Union's most frequently cited loan purpose was Home Purchase, 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 43 $3,425,000 $79,651 $0 0.00%

    For 2019, Members Choice Financial Credit Union's most frequently cited loan duration was Other, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,040,000 $56,667 $0 0.00%
    $100k-200k 4 $550,000 $137,500 $0 0.00%
    $200k-400k 3 $835,000 $278,333 $0 0.00%

    2019 saw Members Choice Financial Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $2,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 13 $1,095,000 $84,231 $0 0.00%
    $75k-100k 10 $790,000 $79,000 $0 0.00%
    $50k-75k 6 $390,000 $65,000 $0 0.00%
    $100k-150k 5 $305,000 $61,000 $0 0.00%
    $250k+ 2 $340,000 $170,000 $0 0.00%
    $150k-250k 1 $55,000 $55,000 $0 0.00%

    Members Choice Financial Credit Union lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 43 $3,425,000 $79,651 $0 0.00%

    Members Choice Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $2,975,000 $80,405 $0 0.00%
    Not applicable 6 $450,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.37%

    Members Choice Financial Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.37%

    Members Choice Financial Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 43 $3,425,000 $79,651

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $150,000 $75,000
    Single Family (1-4 Units):Manufactured 2 $210,000 $105,000
    Single Family (1-4 Units):Site-Built 39 $3,065,000 $78,590

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%