Associated School Employees Credit Union Mortgage Rates, Fees & Info
YOUNGSTOWN, OHLEI: 549300EBDJ0OSO5L7O79
Tax ID: 34-0928469
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Akron, Canton, and Salem among others. We have data for 4 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
95Origination Dollar Volume (All Markets)
$9,575,000Top 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) | 88 | $8,770,000 | $99,659 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $9,575,000 | $100,789 | $0 | 0.00% |
For 2021, Associated School Employees Credit Union's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
For 2021, Associated School Employees Credit Union's most frequently cited loan purpose was Cash Out Refi, with 47 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 95 | $9,575,000 | $100,789 | $0 | 0.00% |
For 2021, Associated School Employees Credit Union's most frequently cited loan duration was Other, with 95 originations.
Loan Sizing
2021 saw Associated School Employees Credit Union place emphasis on $100,000 or less loans with 51 originations, totaling $3,135,000 in origination value.
Applicant Income
Associated School Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 95 | $9,575,000 | $100,789 | $0 | 0.00% |
Associated School Employees Credit Union lent most frequently to those with DTI ratios of Exempt%, with 95 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 93 | $9,465,000 | $101,774 | $0 | 0.00% |
| Asian | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Black | 1 | $25,000 | $25,000 | $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 | 95 | $9,575,000 | $100,789 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSOCIATED BANC-CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 16.7% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Incorrect information on your report | 1 | 8.3% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Struggling to pay mortgage | 2 | 16.7% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Trouble during payment process | 3 | 25.0% |
| ASSOCIATED BANC-CORP | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 8.3% |
| ASSOCIATED BANC-CORP | FHA mortgage | Struggling to pay mortgage | 1 | 8.3% |
| ASSOCIATED BANC-CORP | FHA mortgage | Trouble during payment process | 1 | 8.3% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 8.3% |