DAYTON, Ohio (2/15/08)--Dayton, Ohio-area credit unions and banks say they have managed to avoid many of the problems in the mortgage market. Wright-Patt CU’s home-loan applications doubled in January, compared with one year ago, Tim Mislansky, senior vice president, told the Dayton Daily News (Feb. 9). The credit union also saw an increase in demand for purchase mortgages and refinancing applications. Wright-Patt’s average home loan is $90,000, with more than half of loans going to first-time homebuyers, Mislansky told the newspaper. Credit unions usually avoid risky debts such as subprime loans, he added. Though lenders like Wright-Patt aren’t tangled up with foreclosures or subprime loans, they are still affected indirectly. Credit has tightened, and markets that bought home loans from credit unions have cut back, the newspaper stated. About 98% of state-chartered banks and credit unions were not involved with subprime lending, said Dennis Ginty, spokesman for the Ohio Department of Commerce. Though some institutions did not get involved with subprime lending, it is still a major problem, Nancy Mohan, assistant professor of finance at the University of Dayton, told the Daily News.