Afl Cio Employees Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 5493008LTXJSUQBJKO24
Tax ID: 53-0233491
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Afl Cio Employees Federal Credit Union is a smaller credit union specializing in Home Improvement loans. Their top markets by origination volume include: Washington, San Diego, Baltimore, and New York among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Afl Cio Employees Federal Credit Union has a below average approval rate when compared to the average across all lenders. They typically have relatively high rates.
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Originations
7Origination Dollar Volume (All Markets)
$1,055,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 6.17% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 7 | $1,055,000 | $150,714 | n/a | 6.00% |
For 2018, Afl Cio Employees Federal Credit Union's most frequently originated type of loan was HELOC, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 7 | $1,055,000 | $150,714 | $0 | 6.00% |
For 2018, Afl Cio Employees Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 7 | $1,055,000 | $150,714 | $0 | 6.00% |
For 2018, Afl Cio Employees Federal Credit Union's most frequently cited loan duration was 30 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3 | $465,000 | $155,000 |
| 5-6% | 2 | $390,000 | $195,000 |
| 4-5% | 1 | $105,000 | $105,000 |
During 2018, Afl Cio Employees Federal Credit Union's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was 6-7%, with 3 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 3 | $225,000 | $75,000 | $0 | 6.25% |
| $100k-200k | 2 | $250,000 | $125,000 | $0 | 5.63% |
| $200k-400k | 2 | $580,000 | $290,000 | $0 | 6.13% |
2018 saw Afl Cio Employees Federal Credit Union place emphasis on $100,000 or less loans with 3 originations, totaling $225,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 4 | $570,000 | $142,500 | $0 | 6.19% |
| $100k-150k | 2 | $180,000 | $90,000 | $0 | 5.75% |
| $250k+ | 1 | $305,000 | $305,000 | $0 | 5.50% |
Afl Cio Employees Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
Afl Cio Employees Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? <20%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Black | 5 | $905,000 | $181,000 | $0 | 6.06% |
| White | 1 | $105,000 | $105,000 | $0 | 5.00% |
| Not applicable | 1 | $45,000 | $45,000 | $0 | 6.75% |
Approval Rates
Total approvals of all applications53.85%
Afl Cio Employees Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7 | $1,055,000 | $150,714 |