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 an average proportion of conventional loans. Their top markets by origination volume include: Washington, Miami, Los Angeles, Daphne, and Muncie among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Afl Cio Employees Federal 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
25Origination Dollar Volume (All Markets)
$1,895,000Top 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) | 17 | $1,265,000 | $74,412 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $120,000 | $60,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 21 | $1,625,000 | $77,381 | n/a | 0.00% |
| Conventional | 4 | $270,000 | $67,500 | $0 | 0.00% |
For 2022, Afl Cio Employees Federal Credit Union's most frequently originated type of loan was HELOC, with 21 originations. Their 2nd most popular type was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 19 | $1,445,000 | $76,053 | $0 | 0.00% |
| Other | 6 | $450,000 | $75,000 | $0 | 0.00% |
For 2022, Afl Cio Employees Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 19 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $1,895,000 | $75,800 | $0 | 0.00% |
For 2022, Afl Cio Employees Federal Credit Union's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 19 | $965,000 | $50,789 | $0 | 0.00% |
| $100k-200k | 5 | $675,000 | $135,000 | $0 | 0.00% |
| $200k-400k | 1 | $255,000 | $255,000 | $0 | 0.00% |
2022 saw Afl Cio Employees Federal Credit Union place emphasis on $100,000 or less loans with 19 originations, totaling $965,000 in origination value.
Applicant Income
Afl Cio Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $250k+, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.78%
Afl Cio Employees Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination88.00%
Afl Cio Employees Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 25 | $1,895,000 | $75,800 |