Union Federal Savings And Loan Association Mortgage Rates, Fees & Info

Kewanee, IL

LEI: 254900TY6UTJ321IPS13

Tax ID: 36-1893040

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

Jump to:

Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Union Federal Savings And Loan Association is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Union Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Davenport, Milwaukee, Peoria, and Baraboo among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Union Federal Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    132

    Origination Dollar Volume (All Markets)

    $28,290,000

    Employee count

    35

    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
    MADISON, WI (FHA|USDA|VA) 48 $20,430,000 $425,625 $0 0.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 70 $5,310,000 $75,857 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $1,310,000 $327,500 $0 0.00%
    Outside of Metro Areas 1 $375,000 $375,000 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 3 $305,000 $101,667 $0 0.00%
    Baraboo, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Sterling, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Galesburg, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Union Federal Savings And Loan Association's top markets include Madison, Davenport, Milwaukee, Peoria, and Baraboo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $28,290,000 $214,318 $0 0.00%

    For 2021, Union Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $11,660,000 $166,571 $0 0.00%
    Cash Out Refi 47 $12,305,000 $261,809 $0 0.00%
    Refi 9 $2,765,000 $307,222 $0 0.00%
    Other 5 $1,545,000 $309,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2021, Union Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $28,290,000 $214,318 $0 0.00%

    For 2021, Union Federal Savings And Loan Association's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $3,115,000 $49,444 $0 0.00%
    $100k-200k 32 $4,930,000 $154,063 $0 0.00%
    $200k-400k 16 $4,510,000 $281,875 $0 0.00%
    $400k-600k 9 $4,455,000 $495,000 $0 0.00%
    $600k-1MM 7 $4,915,000 $702,143 $0 0.00%
    $1MM+ 5 $6,365,000 $1,273,000 $0 0.00%

    2021 saw Union Federal Savings And Loan Association place emphasis on $100,000 or less loans with 63 originations, totaling $3,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $1,530,000 $51,000 $0 0.00%
    $100k-150k 21 $2,975,000 $141,667 $0 0.00%
    $50k-75k 21 $1,425,000 $67,857 $0 0.00%
    $150k-250k 10 $1,930,000 $193,000 $0 0.00%
    $75k-100k 8 $910,000 $113,750 $0 0.00%

    Union Federal Savings And Loan Association lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $28,290,000 $214,318 $0 0.00%

    Union Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 41 $19,225,000 $468,902 $0 0.00%
    White 88 $8,500,000 $96,591 $0 0.00%
    Not provided 3 $565,000 $188,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.63%

    Union Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.94%

    Union Federal Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 132 $28,290,000 $214,318

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    132 $28,290,000 $214,318

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Union Federal Savings and Loan Association 110 W. 10th Avenue Milan, IL 61264 Full Service B&M $16,169
    Union Federal Savings and Loan Association 104 North Tremont Street Kewanee, IL 61443 Full Service B&M $79,485
    Union Federal Savings and Loan Association 1110 Division St. Orion, IL 61273 Full Service B&M $10,385
    Union Federal Savings and Loan Association 115 West Washington Ave. Madison, WI 53703 Full Service B&M $6,828
    Union Federal Savings and Loan Association 320 West Main Street Geneseo, IL 61254 Full Service B&M $11,748
    Union Federal Savings and Loan Association 357 42nd Avenue East Moline, IL 61244 Full Service B&M $14,441

    For 2021, Union Federal Savings And Loan Association had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,370
    Net interest income $4,620
    Total noninterest income $216
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $48
    Trading account gains and fees $0
    Additional Noninterest Income $168
    Pre-tax net operating income $899
    Securities gains (or losses, -) $0
    Income before extraordinary items $699
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $699
    Minority interest net income $0
    Net income $699
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $699

    Union Federal Savings And Loan Association's gross interest income from loans was $5,370,000.
    Union Federal Savings And Loan Association's net interest income from loans was $4,620,000.
    Union Federal Savings And Loan Association's fee based income from loans was $48,000.
    Union Federal Savings And Loan Association's net income from loans was $699,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $750
    Provision for credit losses $95
    Total noninterest expense $3,842
    Salaries and employee benefits $2,097
    Premises and equipment expense $554
    Additional noninterest expense $1,191
    Applicable income taxes $200
    Net charge-offs $54
    Cash dividends $0

    Union Federal Savings And Loan Association's interest expense for loans was $750,000.
    Union Federal Savings And Loan Association's payroll and benefits expense were $2,097,000.
    Union Federal Savings And Loan Association's property, plant and equipment expenses $554,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $139,423
    Deposits held in domestic offices $139,423
    Deposits by Individuals, partnerships, and corporations $138,530
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $893
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $36,968
    Demand deposits $4,811
    Nontransaction accounts $102,455
    Money market deposit accounts (MMDAs) $4,160
    Other savings deposits (excluding MMDAs) $48,124
    Total time deposits $50,171
    Total time and savings deposits $134,612
    Noninterest-bearing deposits $4,811
    Interest-bearing deposits $134,612
    Retail deposits $135,968
    IRAs and Keogh plan accounts $11,080
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $164,179
    Cash & Balances due from depository institutions $27,099
    Interest-bearing balances $24,255
    Total securities $5,724
    Federal funds sold & reverse repurchase $0
    Net loans and leases $121,302
    Loan and leases loss allowance $1,271
    Trading account assets $0
    Bank premises and fixed assets $2,634
    Other real estate owned $157
    Goodwill and other intangibles $217
    All other assets $7,046

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $164,179
    Total Liabilities $139,952
    Total deposits $139,423
    Interest-bearing deposits $134,612
    Deposits held in domestic offices $139,423
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $529

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $121,302
    Loan and leases loss allowance $1,271
    Total loans and leases (domestic) $122,573
    All real estate loans $119,937
    Real estate loans in domestic offices $119,937
    Construction and development loans $415
    Residential 1-4 family construction $0
    Other construction, all land development and other land $415
    Loans secured by nonfarm nonresidential properties $7,999
    Nonfarm nonresidential secured by owner-occupied properties $516
    Commercial real estate & other non-farm, non-residential $7,483
    Multifamily residential real estate $34,407
    1-4 family residential loans $77,116
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,410
    To non-U.S. addressees $0
    Loans to individuals $333
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $156
    Other loans to individuals $177
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $33
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Union Federal Savings and Loan Association had $121,302,000 of loans outstanding in 2021. $119,937,000 of loans were in real estate loans. $415,000 of loans were in development loans. $34,407,000 of loans were in multifamily mortgage loans. $77,116,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $156,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 6 $1,453 $242,167
    Nonfarm, nonresidential loans - <$100k 3 $61 $20,333
    Nonfarm, nonresidential loans - $250k-1MM 3 $1,392 $464,000
    Commercial & Industrial, US addressed loans - <$1MM 34 $1,547 $45,500
    Commercial & Industrial, US addressed loans - <$100k 27 $680 $25,185
    Commercial & Industrial, US addressed loans - $100-250k 7 $867 $123,857