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 and Other loans. Afl Cio Employees Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Washington.Afl Cio Employees Federal Credit Union has an above 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
4Origination Dollar Volume (All Markets)
$400,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $400,000 | $100,000 | $0 | 0.00% |
For 2020, Afl Cio Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Other | 2 | $180,000 | $90,000 | $0 | 0.00% |
For 2020, Afl Cio Employees Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 2 originations. The 2nd most popular reason was Other, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 4 | $400,000 | $100,000 | $0 | 0.00% |
For 2020, Afl Cio Employees Federal Credit Union's most frequently cited loan duration was Other, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 2 | $120,000 | $60,000 | $0 | 0.00% |
| $100k-200k | 2 | $280,000 | $140,000 | $0 | 0.00% |
2020 saw Afl Cio Employees Federal Credit Union place emphasis on $100,000 or less loans with 2 originations, totaling $120,000 in origination value.
Applicant Income
Afl Cio Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 4 | $400,000 | $100,000 | $0 | 0.00% |
Afl Cio Employees Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Black | 3 | $345,000 | $115,000 | $0 | 0.00% |
| White | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.00%
Afl Cio Employees Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-25.00%
Afl Cio Employees Federal 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 |
|---|---|---|---|
| Exempt | 4 | $400,000 | $100,000 |