Virginia Credit Union League Reality Check Survey - Calendar Year 2013

Reality Check Loans (Calendar Year 2013 Data)

Calendar Reporting on Lending to Low- and Moderate-Income Members

Please note: Only aggregate data will be reported; individual credit union data will not be made available without the express written consent of your credit union.
1. Name of Your Credit Union
2. Please provide us information on the following loan type for your credit union: Micro-Loans ($3,000 or less loan in which the loan recipient received all proceeds at loan closing) (Please exclude credit card totals)
3. Credit Builder/Re-Builder Loans (No loan proceeds are released at closing; proceeds held in a restricted account until loan is paid down/paid off to create positive credit reference and boost loan recipient's credit score) (Please report totals as whole numbers, rounding to the nearest dollar.)
4. Please tell us the Metropolitan Statistical Area in which the majority of these loan types were made by your credit union. (Choose only one.)
5. Please tell us the number of loans you have made in Calendar Year 2013 in each of these purpose categories. If the loan proceeds will be used for multiple purposes, please add it to the total for each applicable loan purpose.
6. Please tell us what you can about the income of your borrowers for your credit union's versions of micro-loans and credit builder/re-builder loans. For these types of loans made in Calendar Year 2013, how many of your borrowers fell within the listed income ranges?
7. Please provide us information about the "credit scores" of the borrowers for which you closed loans in these categories - micro-loan and credit builder/re-builder loans - during Calendar Year 2013. If loans were co-signed, please list all parties in the appropriate category, if possible.

Credit unions use various scoring models, so we've attempted to simplify categories. Please provide the number of borrowers for each category.

A Paper (Excellent Credit) (Comparable to a FICO score of 720 and above)
B Paper (Good Credit) (Comparable to a FICO score of 660-720)
C Paper (Average Credit) (Comparable to a FICO score of 620-660)
D Paper (Poor Credit) (Comparable to a FICO score of 580-620)
F Paper (Very Poor Credit) (Comparable to a FICO score below 579)