Virginia Credit Union League Reality Check SurveyVirginia Credit Union League Reality Check Survey

Reality Check Loans (Please Report 1st Quarter 2012 Data)

Quarterly 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

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)

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) # of Loans Outstanding
$ Amount of Loans Outstanding
# of Loans Granted YTD
$ Amount Granted YTD

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.)

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.) # of Loans Granted YTD
$ Amount Granted YTD
Total # of Loans Outstanding
Total $ Amount of Loans Outstanding

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.)

Please tell us the Metropolitan Statistical Area in which the majority of these loan types were made by your credit union. (Choose only one.) Blacksburg-Christiansburg-Radford

Charlottesville

Danville

Harrisonburg

Kingsport-BristolTN-BristolVA

Lynchburg

Richmond-Petersburg

Roanoke

Virginia Beach-Norfolk-Newport News

Washington-Arlington-Alexandria

Winchester

5. Please tell us the number of loans you have made in the recently completed quarter 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.

Please tell us the number of loans you have made in the recently completed quarter 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. Emergency Need
Credit Builder/Re-Builder
Vehicle Repair
Other Transportation (Purchase of scooter, for example)
Medical (Purchase of Medical Equipment, Pay Doctor Bills, Dental Procedures, Purchase Eyeglasses, etc.)
House Repair/Appliance Purchase or Upgrade
Education/Training (job related)
Job Necessities (special tools, clothing, equipment, etc.)
Pay Utilities/Phone Bill/Other Bill
Other

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 the recently completed quarter, how many of your borrowers fell within these income ranges for the three loan types listed above?

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 the recently completed quarter, how many of your borrowers fell within these income ranges for the three loan types listed above? Less than $9,000
$9,000-$14,999
$15,000-$21,999
$22,000-$29,999
$30,000-$34,999
$35,000-$44,999
$45,000-plus

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 the recently completed quarter. 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)

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 the recently completed quarter. 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) A Paper (Excellent Credit)
B Paper (Good Credit)
C Paper (Average Credit)
D Paper (Poor Credit)
F Paper (Very Poor Credit)