Central Credit Union Of Illinois Mortgage Rates, Fees & Info

Bellwood, IL

LEI: 2549009PABKV8ZBDH619

Tax ID: 36-1250580

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Central Credit Union Of Illinois is a smaller credit union specializing in 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.

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    Originations

    86

    Origination Dollar Volume (All Markets)

    $8,070,000

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 86 $8,070,000 $93,837 $0 0.00%
    Central Credit Union Of Illinois's top markets include and Chicago among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $8,070,000 $93,837 $0 0.00%

    For 2019, Central Credit Union Of Illinois's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 67 $7,325,000 $109,328 $0 0.00%
    Other 14 $510,000 $36,429 $0 0.00%
    Home Improvement 5 $235,000 $47,000 $0 0.00%

    For 2019, Central Credit Union Of Illinois's most frequently cited loan purpose was Refi, with 67 originations. The 2nd most popular reason was Other, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $8,070,000 $93,837 $0 0.00%

    For 2019, Central Credit Union Of Illinois's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,455,000 $50,102 $0 0.00%
    $100k-200k 29 $3,595,000 $123,966 $0 0.00%
    $200k-400k 8 $2,020,000 $252,500 $0 0.00%

    2019 saw Central Credit Union Of Illinois place emphasis on $100,000 or less loans with 49 originations, totaling $2,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $2,180,000 $99,091 $0 0.00%
    $75k-100k 21 $1,845,000 $87,857 $0 0.00%
    $50k-75k 16 $1,180,000 $73,750 $0 0.00%
    $150k-250k 13 $1,705,000 $131,154 $0 0.00%
    $50k or less 11 $535,000 $48,636 $0 0.00%
    $250k+ 3 $625,000 $208,333 $0 0.00%

    Central Credit Union Of Illinois lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 86 $8,070,000 $93,837 $0 0.00%

    Central Credit Union Of Illinois lent most frequently to those with DTI ratios of Exempt%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $5,935,000 $100,593 $0 0.00%
    Black 17 $1,165,000 $68,529 $0 0.00%
    Not provided 8 $730,000 $91,250 $0 0.00%
    Asian Indian 2 $240,000 $120,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.19%

    Central Credit Union Of Illinois has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.88%

    Central Credit Union Of Illinois has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 86 $8,070,000 $93,837

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 86 $8,070,000 $93,837

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CENTERSTATE BANK CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    CENTERSTATE BANK CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%