Chicago Patrolmen's Federal Credit Union Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900LP2WHZQ61VBS60
Tax ID: 36-2165040
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Chicago Patrolmen's Federal Credit Union is a smaller credit union specializing in Other and Cash Out Refi loans. Chicago Patrolmen's Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Phoenix, Dallas, Michigan City, and Texarkana among others. We have data for 9 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
53Origination Dollar Volume (All Markets)
$5,805,000Top 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) | 37 | $4,175,000 | $112,838 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $465,000 | $51,667 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $5,805,000 | $109,528 | $0 | 0.00% |
For 2021, Chicago Patrolmen's Federal Credit Union's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2021, Chicago Patrolmen's Federal Credit Union's most frequently cited loan purpose was Other, with 25 originations. The 2nd most popular reason was Home Improvement, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $5,805,000 | $109,528 | $0 | 0.00% |
For 2021, Chicago Patrolmen's Federal Credit Union's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2021 saw Chicago Patrolmen's Federal Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,220,000 in origination value.
Applicant Income
Chicago Patrolmen's Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $5,805,000 | $109,528 | $0 | 0.00% |
Chicago Patrolmen's Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 43 | $4,735,000 | $110,116 | $0 | 0.00% |
| Black | 10 | $1,070,000 | $107,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications79.01%
Chicago Patrolmen's Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination79.25%
Chicago Patrolmen's Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $5,805,000 | $109,528 |