Central Credit Union Of Illinois Mortgage Rates, Fees & Info
Bellwood, ILLEI: 2549009PABKV8ZBDH619
Tax ID: 36-1250580
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Central Credit Union Of Illinois is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Central Credit Union Of Illinois has a high proportion of conventional loans. Their top (well, only) market is Chicago.Central Credit Union Of Illinois 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
51Origination Dollar Volume (All Markets)
$3,675,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 51 | $3,675,000 | $72,059 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $3,675,000 | $72,059 | $0 | 0.00% |
For 2023, Central Credit Union Of Illinois's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2023, Central Credit Union Of Illinois's most frequently cited loan purpose was Home Improvement, with 21 originations. The 2nd most popular reason was Other, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 21 | $2,115,000 | $100,714 | $0 | 0.00% |
| Other | 18 | $1,140,000 | $63,333 | $0 | 0.00% |
| 5 Year | 12 | $420,000 | $35,000 | $0 | 0.00% |
For 2023, Central Credit Union Of Illinois's most frequently cited loan duration was 10 Year, with 21 originations. The 2nd most popular length was Other, with 18 originations.
Loan Sizing
2023 saw Central Credit Union Of Illinois place emphasis on $100,000 or less loans with 44 originations, totaling $2,180,000 in origination value.
Applicant Income
Central Credit Union Of Illinois lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $3,675,000 | $72,059 | $0 | 0.00% |
Central Credit Union Of Illinois lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.81%
Central Credit Union Of Illinois has a below average approval rate.
Pick Rate
Approvals leading to origination78.43%
Central Credit Union Of Illinois has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $3,675,000 | $72,059 |