Chicago Patrolmen's Federal Credit Union Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900LP2WHZQ61VBS60
Tax ID: 36-2165040
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Mortgage Data
Review & Overview
Chicago Patrolmen's Federal Credit Union is a smaller credit union specializing in Refi loans. Chicago Patrolmen's Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Phoenix, Los Angeles, Yankton, and Toccoa among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Chicago Patrolmen's Federal 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
99Origination Dollar Volume (All Markets)
$16,575,000Top 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) | 82 | $12,700,000 | $154,878 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,145,000 | $306,429 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Yankton, SD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $16,575,000 | $167,424 | $0 | 0.00% |
For 2019, Chicago Patrolmen's Federal Credit Union's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
For 2019, Chicago Patrolmen's Federal Credit Union's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Other, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $16,575,000 | $167,424 | $0 | 0.00% |
For 2019, Chicago Patrolmen's Federal Credit Union's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2019 saw Chicago Patrolmen's Federal Credit Union place emphasis on $200k-400k loans with 35 originations, totaling $9,255,000 in origination value.
Applicant Income
Chicago Patrolmen's Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 28 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $16,575,000 | $167,424 | $0 | 0.00% |
Chicago Patrolmen's Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 86 | $14,730,000 | $171,279 | $0 | 0.00% |
| Black | 12 | $1,610,000 | $134,167 | $0 | 0.00% |
| Asian | 1 | $235,000 | $235,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.76%
Chicago Patrolmen's Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination64.65%
Chicago Patrolmen's Federal 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 |
|---|---|---|---|
| Exempt | 99 | $16,575,000 | $167,424 |