Associated School Employees Credit Union Mortgage Rates, Fees & Info
YOUNGSTOWN, OHLEI: 549300EBDJ0OSO5L7O79
Tax ID: 34-0928469
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Mortgage Data
Review & Overview
Associated School Employees Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Associated School Employees Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Youngstown, Salem, Akron, Cincinnati, and Cleveland among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Associated School Employees Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
87Origination Dollar Volume (All Markets)
$7,055,000Top 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 |
|---|---|---|---|---|---|
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 80 | $6,380,000 | $79,750 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $7,055,000 | $81,092 | $0 | 0.00% |
For 2018, Associated School Employees Credit Union's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 48 | $3,190,000 | $66,458 | $0 | 0.00% |
| Refi | 28 | $2,670,000 | $95,357 | $0 | 0.00% |
| Home Purchase | 11 | $1,195,000 | $108,636 | $0 | 0.00% |
For 2018, Associated School Employees Credit Union's most frequently cited loan purpose was Cash Out Refi, with 48 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $7,055,000 | $81,092 | $0 | 0.00% |
For 2018, Associated School Employees Credit Union's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2018 saw Associated School Employees Credit Union place emphasis on $100,000 or less loans with 62 originations, totaling $3,340,000 in origination value.
Applicant Income
Associated School Employees Credit Union lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $7,055,000 | $81,092 | $0 | 0.00% |
Associated School Employees Credit Union lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 87 | $7,055,000 | $81,092 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Associated School Employees 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $7,055,000 | $81,092 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $220,000 | $110,000 |
| Single Family (1-4 Units):Site-Built | 85 | $6,835,000 | $80,412 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSOCIATED BANC-CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Trouble during payment process | 7 | 63.6% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Other type of mortgage | Trouble during payment process | 1 | 9.1% |