Healthcare Associates Credit Union Mortgage Rates, Fees & Info
Naperville, ILLEI: 254900E3R2YX26OH3128
Tax ID: 36-3047069
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Healthcare Associates Credit Union is a smaller credit union specializing in Other, Home Improvement, and Refi loans. Healthcare Associates Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, St. Louis, Fort Collins, Janesville, and Effingham among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Healthcare Associates 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.
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Originations
221Origination Dollar Volume (All Markets)
$16,435,000Top 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) | 201 | $14,175,000 | $70,522 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Effingham, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against HealthCare Associates 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 | 221 | $16,435,000 | $74,367 | $0 | 0.00% |
For 2022, Healthcare Associates Credit Union's most frequently originated type of loan was Conventional, with 221 originations.
Loan Reason
For 2022, Healthcare Associates Credit Union's most frequently cited loan purpose was Other, with 78 originations. The 2nd most popular reason was Home Improvement, with 73 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 221 | $16,435,000 | $74,367 | $0 | 0.00% |
For 2022, Healthcare Associates Credit Union's most frequently cited loan duration was Other, with 221 originations.
Loan Sizing
2022 saw Healthcare Associates Credit Union place emphasis on $100,000 or less loans with 176 originations, totaling $8,490,000 in origination value.
Applicant Income
Healthcare Associates Credit Union lent most frequently to those with incomes in the $100k-150k range, with 78 originations. The second most popular income band? $150k-250k, with 53 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 221 | $16,435,000 | $74,367 | $0 | 0.00% |
Healthcare Associates Credit Union lent most frequently to those with DTI ratios of Exempt%, with 221 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.75%
Healthcare Associates Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination76.47%
Healthcare Associates Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 221 | $16,435,000 | $74,367 |