My Personal Credit Union Mortgage Rates, Fees & Info
Wyoming, MILEI: 549300XUS39F2SNI3007
Tax ID: 38-1907619
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Mortgage Data
Review & Overview
My Personal Credit Union is a smaller credit union specializing in Cash Out Refi loans. My Personal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Grand Rapids, Muskegon, Holland, and Lansing among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)My Personal 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
45Origination Dollar Volume (All Markets)
$2,355,000Top 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 |
|---|---|---|---|---|---|
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 35 | $1,715,000 | $49,000 | $0 | 0.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $135,000 | $45,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $2,355,000 | $52,333 | $0 | 0.00% |
For 2018, My Personal Credit Union's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2018, My Personal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 19 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $2,355,000 | $52,333 | $0 | 0.00% |
For 2018, My Personal Credit Union's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 39 | $1,595,000 | $40,897 | $0 | 0.00% |
| $100k-200k | 6 | $760,000 | $126,667 | $0 | 0.00% |
2018 saw My Personal Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $1,595,000 in origination value.
Applicant Income
My Personal Credit Union lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 45 | $2,355,000 | $52,333 | $0 | 0.00% |
My Personal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $1,895,000 | $51,216 | $0 | 0.00% |
| Black | 6 | $380,000 | $63,333 | $0 | 0.00% |
| Not provided | 2 | $80,000 | $40,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.65%
My Personal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination68.89%
My Personal 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 | 45 | $2,355,000 | $52,333 |