Campbell Employees Federal Credit Union Mortgage Rates, Fees & Info
Cherry Hill, NJLEI: 984500AE53C2CD1BA542
Tax ID: 21-0640968
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Mortgage Data
Review & Overview
Campbell Employees Federal Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Campbell Employees Federal Credit Union has a high proportion of conventional loans. Their top two markets are Philadelphia and Toledo .Campbell Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
5Origination Dollar Volume (All Markets)
$215,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 5.78% |
| Outside of Metro Areas | 2 | $80,000 | $40,000 | $516 | 5.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $482 | 6.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $180,000 | $45,000 | $499 | 5.89% |
| HELOC | 1 | $35,000 | $35,000 | n/a | 6.00% |
For 2023, Campbell Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 4 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 3 | $105,000 | $35,000 | $499 | 6.00% |
| Home Improvement | 2 | $110,000 | $55,000 | $0 | 5.78% |
For 2023, Campbell Employees Federal Credit Union's most frequently cited loan purpose was Other, with 3 originations. The 2nd most popular reason was Home Improvement, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 3 | $145,000 | $48,333 | $0 | 5.85% |
| 10 Year | 1 | $45,000 | $45,000 | $516 | 5.50% |
| 5 Year | 1 | $25,000 | $25,000 | $482 | 6.50% |
For 2023, Campbell Employees Federal Credit Union's most frequently cited loan duration was 15 Year, with 3 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $25,000 | $25,000 |
Campbell Employees Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 2 | $80,000 | $40,000 |
| 6-7% | 2 | $100,000 | $50,000 |
| 4-5% | 1 | $35,000 | $35,000 |
During 2023, Campbell Employees Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 5 | $215,000 | $43,000 | $499 | 5.91% |
2023 saw Campbell Employees Federal Credit Union place emphasis on $100,000 or less loans with 5 originations, totaling $215,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 4 | $140,000 | $35,000 | $499 | 5.70% |
| $50k or less | 1 | $75,000 | $75,000 | $0 | 6.75% |
Campbell Employees Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 4 originations. The second most popular income band? $50k or less, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 3 | $105,000 | $35,000 | $499 | 6.00% |
| 43% | 1 | $75,000 | $75,000 | $0 | 6.75% |
Campbell Employees Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 43%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3 | $105,000 | $35,000 | $499 | 6.00% |
| Black | 1 | $75,000 | $75,000 | $0 | 6.75% |
| Not provided | 1 | $35,000 | $35,000 | $0 | 4.80% |
Approval Rates
Total approvals of all applications100.00%
Campbell Employees Federal 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 |
|---|---|---|---|
| NA | 5 | $215,000 | $43,000 |