United Consumers Credit Union Mortgage Rates, Fees & Info

Independence, MO

LEI: 549300D5WZYDJFZQJ463

Tax ID: 44-0541384

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
  • Similar Lenders
  • 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

    United Consumers Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. United Consumers Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Joseph, Wichita, and Warrensburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Consumers 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. United Consumers Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    131

    Origination Dollar Volume (All Markets)

    $19,785,000

    Awards

    UNITED CONSUMERS CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) awards

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 102 $16,420,000 $160,980 $2,522 3.21%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 22 $2,540,000 $115,455 $2,386 3.09%
    Outside of Metro Areas 4 $520,000 $130,000 $2,622 3.72%
    WICHITA, KS (FHA|USDA|VA) 2 $210,000 $105,000 $1,897 2.75%
    Warrensburg, MO (FHA|USDA|VA) 1 $95,000 $95,000 $2,421 3.50%
    United Consumers Credit Union's top markets include Kansas City, St. Joseph, Wichita, and Warrensburg among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against UNITED CONSUMERS CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HNB National Bank
    Similarity Rank: 195
    Azura Credit Union
    Similarity Rank: 380
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 553
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 592
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 652
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 825
    Central Bank of Warrensburg
    Similarity Rank: 1188
    CoreFirst Bank & Trust
    Similarity Rank: 1518
    Union Bank and Trust Company
    Similarity Rank: 1760
    MERITRUST Federal Credit Union
    Similarity Rank: 1898

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $19,785,000 $151,031 $2,492 3.20%

    For 2020, United Consumers Credit Union's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 51 $6,935,000 $135,980 $2,657 3.25%
    Home Purchase 37 $6,025,000 $162,838 $2,289 3.41%
    Refi 29 $4,755,000 $163,966 $2,469 2.89%
    Other 9 $1,575,000 $175,000 $2,403 2.79%
    Home Improvement 5 $495,000 $99,000 $2,595 3.58%

    For 2020, United Consumers Credit Union's most frequently cited loan purpose was Cash Out Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 62 $10,890,000 $175,645 $2,397 3.29%
    15 Year 42 $5,520,000 $131,429 $2,661 3.02%
    20 Year 13 $1,705,000 $131,154 $2,560 3.17%
    10 Year 9 $955,000 $106,111 $2,162 3.08%
    Other 4 $370,000 $92,500 $2,714 4.06%
    5 Year 1 $345,000 $345,000 $2,504 2.75%

    For 2020, United Consumers Credit Union's most frequently cited loan duration was 30 Year, with 62 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 72 $11,650,000 $161,806
    $1k-2k 42 $4,630,000 $110,238
    $2k-3k 13 $1,905,000 $146,538
    $3k-4k 3 $885,000 $295,000
    $4k-5k 1 $715,000 $715,000

    United Consumers Credit Union's average total fees were $2,397, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 56 $7,480,000 $133,571
    2.5-3% 54 $9,080,000 $168,148
    <2.5% 13 $2,605,000 $200,385
    4-5% 6 $420,000 $70,000
    5-6% 2 $200,000 $100,000

    During 2020, United Consumers Credit Union's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 62 $8,480,000 $136,774 $2,449 3.03%
    $100,000 or less 39 $2,685,000 $68,846 $2,348 3.63%
    $200k-400k 28 $7,410,000 $264,643 $2,572 2.97%
    $400k-600k 1 $495,000 $495,000 $4,987 2.50%
    $600k-1MM 1 $715,000 $715,000 $6,011 3.75%

    2020 saw United Consumers Credit Union place emphasis on $100k-200k loans with 62 originations, totaling $8,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 37 $5,045,000 $136,351 $2,308 3.07%
    $50k or less 33 $2,795,000 $84,697 $2,343 3.52%
    $100k-150k 25 $4,655,000 $186,200 $2,482 3.17%
    $75k-100k 18 $2,830,000 $157,222 $2,451 3.11%
    $150k-250k 13 $2,905,000 $223,462 $2,883 3.07%
    $250k+ 4 $1,450,000 $362,500 $3,929 3.03%

    United Consumers Credit Union lent most frequently to those with incomes in the $50k-75k range, with 37 originations. The second most popular income band? $50k or less, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 43 $6,235,000 $145,000 $2,466 3.10%
    30-36% 30 $4,310,000 $143,667 $2,508 3.06%
    <20% 23 $3,485,000 $151,522 $2,685 3.33%
    40% 6 $700,000 $116,667 $2,167 3.40%
    43% 4 $500,000 $125,000 $1,930 2.97%
    50-60% 4 $650,000 $162,500 $2,589 3.88%
    36% 3 $735,000 $245,000 $2,075 2.96%
    39% 3 $525,000 $175,000 $3,070 3.54%
    44% 3 $365,000 $121,667 $1,869 3.58%
    41% 2 $500,000 $250,000 $2,687 3.94%
    37% 2 $260,000 $130,000 $2,693 3.38%
    48% 2 $190,000 $95,000 $2,255 2.75%
    47% 1 $315,000 $315,000 $2,509 3.00%
    >60% 1 $235,000 $235,000 $3,550 3.50%
    49% 1 $295,000 $295,000 $2,472 3.38%
    38% 1 $45,000 $45,000 $2,561 3.75%
    42% 1 $275,000 $275,000 $2,217 2.75%

    United Consumers Credit Union lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $15,070,000 $160,319 $2,526 3.23%
    Not provided 25 $3,145,000 $125,800 $2,560 3.23%
    Asian 9 $1,035,000 $115,000 $2,159 2.76%
    Black 3 $535,000 $178,333 $1,862 3.08%

    Approval Rates

    Total approvals of all applications
    89.18%

    United Consumers Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.94%

    United Consumers 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
    NA 131 $19,785,000 $151,031

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 130 $19,690,000 $151,462

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $675,000 $96,429 $2,509 3.11%
    40-60% 24 $2,830,000 $117,917 $2,232 3.07%
    60-80% 65 $10,295,000 $158,385 $2,681 3.33%
    80-100% 29 $5,035,000 $173,621 $2,310 3.06%
    Under 20% 2 $200,000 $100,000 $2,425 3.13%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    UNITED GUARANTY CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 1 100.0%