Associated Credit Union Mortgage Rates, Fees & Info
Norcross, GALEI: 254900132A3VX6LLZU43
Tax ID: 58-0240950
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Mortgage Data
Review & Overview
Associated Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Associated Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Augusta, Jefferson, and Athens among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Associated Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Associated Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 4/28/24 |
| 30 Year Conventional Refi | 6.61% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.99% | 4/28/24 |
| 15 Year Conventional Refi | 6.23% | 4/28/24 |
| 15 Year Cash-out Refi | 6.23% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Associated Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
745Origination Dollar Volume (All Markets)
$82,245,000Awards
Associated Credit Union - 2018
Associated Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 580 | $65,820,000 | $113,483 | $3,312 | 4.68% |
| Outside of Metro Areas | 66 | $4,900,000 | $74,242 | $2,408 | 5.35% |
| GAINESVILLE, GA (FHA|USDA|VA) | 22 | $2,700,000 | $122,727 | $3,343 | 4.56% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 27 | $2,115,000 | $78,333 | $2,564 | 4.79% |
| Jefferson, GA (FHA|USDA|VA) | 11 | $1,035,000 | $94,091 | $1,583 | 5.01% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 8 | $930,000 | $116,250 | $3,154 | 4.80% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,001 | 3.96% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,024 | 5.06% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,264 | 4.31% |
| Seneca, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,339 | 4.63% |
| Tifton, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,319 | 3.38% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,273 | 4.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,069 | 4.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,751 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,624 | 4.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,490 | 4.25% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,492 | 4.81% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,025 | 4.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,349 | 4.69% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,356 | 3.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,307 | 3.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,538 | 5.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $3,160 | 4.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,429 | 3.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,447 | 4.38% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,314 | 4.63% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,816 | 4.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.95% |
Similar Lenders
We use machine learning to identify the top lenders compared against Associated Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 489 | $68,005,000 | $139,070 | $3,264 | 4.46% |
| HELOC | 256 | $14,240,000 | $55,625 | n/a | 5.27% |
For 2018, Associated Credit Union's most frequently originated type of loan was Conventional, with 489 originations. Their 2nd most popular type was HELOC, with 256 originations.
Loan Reason
For 2018, Associated Credit Union's most frequently cited loan purpose was Refi, with 208 originations. The 2nd most popular reason was Home Improvement, with 196 originations.
Loan Duration/Length
For 2018, Associated Credit Union's most frequently cited loan duration was 10 Year, with 222 originations. The 2nd most popular length was 30 Year, with 203 originations.
Origination Fees/Closing Costs
Associated Credit Union's average total fees were $4,528, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 181 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 358 | $43,420,000 | $121,285 |
| 3-4% | 154 | $25,380,000 | $164,805 |
| 5-6% | 131 | $7,505,000 | $57,290 |
| 6-7% | 72 | $3,080,000 | $42,778 |
| 2.5-3% | 9 | $1,705,000 | $189,444 |
During 2018, Associated Credit Union's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 358 originations.
Loan Sizing
2018 saw Associated Credit Union place emphasis on $100,000 or less loans with 405 originations, totaling $19,075,000 in origination value.
Applicant Income
Associated Credit Union lent most frequently to those with incomes in the $100k-150k range, with 201 originations. The second most popular income band? $50k-75k, with 169 originations.
Applicant Debt to Income Ratio
Associated Credit Union lent most frequently to those with DTI ratios of 20-30%, with 198 originations. The next most common DTI ratio? 30-36%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.48%
Associated Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination70.47%
Associated Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 745 | $82,245,000 | $110,396 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $275,000 | $275,000 |
| Single Family (1-4 Units):Site-Built | 744 | $81,970,000 | $110,175 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSOCIATED BANC-CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Trouble during payment process | 7 | 63.6% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Other type of mortgage | Trouble during payment process | 1 | 9.1% |