Central Credit Union Of Illinois Mortgage Rates, Fees & Info
Bellwood, ILLEI: 2549009PABKV8ZBDH619
Tax ID: 36-1250580
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Central Credit Union Of Illinois is a smaller credit union specializing in Other, Refi, and Home Improvement 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.
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Originations
44Origination Dollar Volume (All Markets)
$3,610,000Top 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) | 44 | $3,610,000 | $82,045 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $3,610,000 | $82,045 | $0 | 0.00% |
For 2024, Central Credit Union Of Illinois's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 21 | $1,135,000 | $54,048 | $0 | 0.00% |
| Refi | 13 | $1,645,000 | $126,538 | $0 | 0.00% |
| Home Improvement | 10 | $830,000 | $83,000 | $0 | 0.00% |
For 2024, Central Credit Union Of Illinois's most frequently cited loan purpose was Other, with 21 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 30 | $2,880,000 | $96,000 | $0 | 0.00% |
| Other | 8 | $510,000 | $63,750 | $0 | 0.00% |
| 5 Year | 6 | $220,000 | $36,667 | $0 | 0.00% |
For 2024, Central Credit Union Of Illinois's most frequently cited loan duration was 10 Year, with 30 originations. The 2nd most popular length was Other, with 8 originations.
Loan Sizing
2024 saw Central Credit Union Of Illinois place emphasis on $100,000 or less loans with 35 originations, totaling $1,965,000 in origination value.
Applicant Income
Central Credit Union Of Illinois lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $3,610,000 | $82,045 | $0 | 0.00% |
Central Credit Union Of Illinois lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $2,605,000 | $96,481 | $0 | 0.00% |
| Black | 9 | $525,000 | $58,333 | $0 | 0.00% |
| Not provided | 8 | $480,000 | $60,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.75%
Central Credit Union Of Illinois has a below average approval rate.
Pick Rate
Approvals leading to origination86.36%
Central Credit Union Of Illinois has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $3,610,000 | $82,045 |