Members First Credit Union Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300TJ1PI0CYX4D722
Tax ID: 74-1142836
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Members First Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Members First Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corpus Christi, Brownsville, Houston, San Antonio, and Jacksonville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Members First Credit Union has a below 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
41Origination Dollar Volume (All Markets)
$7,325,000Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 30 | $5,050,000 | $168,333 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $7,325,000 | $178,659 | $0 | 0.00% |
For 2023, Members First Credit Union's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2023, Members First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
For 2023, Members First Credit Union's most frequently cited loan duration was 30 Year, with 16 originations. The 2nd most popular length was 15 Year, with 11 originations.
Loan Sizing
2023 saw Members First Credit Union place emphasis on $100,000 or less loans with 17 originations, totaling $1,145,000 in origination value.
Applicant Income
Members First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $75k-100k, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 36 | $6,220,000 | $172,778 | $0 | 0.00% |
| Asian | 2 | $600,000 | $300,000 | $0 | 0.00% |
| Black | 3 | $505,000 | $168,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications69.06%
Members First Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination58.54%
Members First 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 |
|---|---|---|---|
| NA | 41 | $7,325,000 | $178,659 |