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 Home Improvement, Refi, and Home Purchase loans. Associated Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Augusta, Gainesville, Jefferson, and Greenville among others. We have data for 39 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 an average 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.61% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.99% | 4/21/24 |
| 15 Year Conventional Refi | 6.23% | 4/21/24 |
| 15 Year Cash-out Refi | 6.23% | 4/21/24 |
| 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
944Origination Dollar Volume (All Markets)
$113,760,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 779 | $90,175,000 | $115,757 | $4,427 | 5.14% |
| Outside of Metro Areas | 32 | $6,030,000 | $188,438 | $5,636 | 4.70% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 41 | $4,545,000 | $110,854 | $4,863 | 5.15% |
| GAINESVILLE, GA (FHA|USDA|VA) | 26 | $3,080,000 | $118,462 | $2,950 | 5.51% |
| Jefferson, GA (FHA|USDA|VA) | 16 | $1,090,000 | $68,125 | $2,003 | 5.20% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $5,854 | 5.03% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $6,701 | 4.06% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $4,588 | 5.43% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,714 | 3.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $12,754 | 5.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,270 | 6.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,887 | 5.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,828 | 4.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,370 | 5.00% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,711 | 3.56% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,122 | 3.63% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,624 | 4.69% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,927 | 4.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,480 | 5.50% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,095 | 3.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,850 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,084 | 5.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,270 | 4.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,901 | 5.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 6.42% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| ROME, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,293 | 5.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,466 | 5.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,880 | 6.50% |
| Dublin, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,084 | 6.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,379 | 2.63% |
| Americus, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,592 | 3.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,291 | 5.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| Cordele, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.50% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 532 | $36,300,000 | $68,233 | n/a | 5.45% |
| Conventional | 412 | $77,460,000 | $188,010 | $4,509 | 4.71% |
For 2022, Associated Credit Union's most frequently originated type of loan was HELOC, with 532 originations. Their 2nd most popular type was Conventional, with 412 originations.
Loan Reason
For 2022, Associated Credit Union's most frequently cited loan purpose was Home Improvement, with 455 originations. The 2nd most popular reason was Refi, with 243 originations.
Loan Duration/Length
For 2022, Associated Credit Union's most frequently cited loan duration was 5 Year, with 289 originations. The 2nd most popular length was 10 Year, with 226 originations.
Origination Fees/Closing Costs
Associated Credit Union's average total fees were $5,910, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 87 originations.
Interest Rates
During 2022, Associated Credit Union's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 301 originations.
Loan Sizing
2022 saw Associated Credit Union place emphasis on $100,000 or less loans with 543 originations, totaling $28,525,000 in origination value.
Applicant Income
Associated Credit Union lent most frequently to those with incomes in the $100k-150k range, with 237 originations. The second most popular income band? $75k-100k, with 202 originations.
Applicant Debt to Income Ratio
Associated Credit Union lent most frequently to those with DTI ratios of 20-30%, with 288 originations. The next most common DTI ratio? 30-36%, with 183 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.10%
Associated Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination50.95%
Associated Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 944 | $113,760,000 | $120,508 |