Campbell Employees Federal Credit Union Mortgage Rates, Fees & Info
Cherry Hill, NJLEI: 984500AE53C2CD1BA542
Tax ID: 21-0640968
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Campbell Employees Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Campbell Employees Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Toledo, Lakeland, Norwalk, and Defiance among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Campbell Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
17Origination Dollar Volume (All Markets)
$1,035,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $415,000 | $59,286 | $0 | 4.50% |
| Outside of Metro Areas | 5 | $345,000 | $69,000 | $353 | 4.80% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $395 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.50% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.50% |
| Defiance, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $371 | 5.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 17 | $1,035,000 | $60,882 | $368 | 4.68% |
For 2022, Campbell Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 17 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 9 | $575,000 | $63,889 | $383 | 4.67% |
| Other | 8 | $460,000 | $57,500 | $361 | 4.69% |
For 2022, Campbell Employees Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 9 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 7 | $405,000 | $57,857 | $371 | 4.57% |
| 15 Year | 7 | $465,000 | $66,429 | $358 | 5.07% |
| 5 Year | 3 | $165,000 | $55,000 | $411 | 4.00% |
For 2022, Campbell Employees Federal Credit Union's most frequently cited loan duration was 10 Year, with 7 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $110,000 | $55,000 |
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 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 13 | $825,000 | $63,462 |
| 3-4% | 3 | $165,000 | $55,000 |
| 5-6% | 1 | $45,000 | $45,000 |
During 2022, Campbell Employees Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 13 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 16 | $920,000 | $57,500 | $368 | 4.69% |
| $100k-200k | 1 | $115,000 | $115,000 | $0 | 4.50% |
2022 saw Campbell Employees Federal Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $920,000 in origination value.
Applicant Income
Campbell Employees Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $50k or less, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 7 | $415,000 | $59,286 | $379 | 4.79% |
| 20-30% | 5 | $345,000 | $69,000 | $376 | 4.50% |
| 30-36% | 5 | $275,000 | $55,000 | $345 | 4.70% |
Campbell Employees Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 14 | $830,000 | $59,286 | $368 | 4.64% |
| Black | 3 | $205,000 | $68,333 | $0 | 4.83% |
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 | 17 | $1,035,000 | $60,882 |