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

Jump to:

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 Home Purchase, Cash Out Refi, 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, Branson, Lawrence, and Wichita among others. We have data for 6 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.

    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

    75

    Origination Dollar Volume (All Markets)

    $11,975,000

    Awards

    UNITED CONSUMERS CREDIT UNION 30 Year Conventional Loans silver UNITED CONSUMERS CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) 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) 58 $9,770,000 $168,448 $2,358 3.04%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 11 $1,325,000 $120,455 $2,148 2.86%
    Outside of Metro Areas 3 $375,000 $125,000 $2,727 2.92%
    Branson, MO (FHA|USDA|VA) 1 $225,000 $225,000 $2,523 2.88%
    LAWRENCE, KS (FHA|USDA|VA) 1 $145,000 $145,000 $855 3.25%
    WICHITA, KS (FHA|USDA|VA) 1 $135,000 $135,000 $1,771 2.88%
    United Consumers Credit Union's top markets include Kansas City, St. Joseph, Branson, Lawrence, and Wichita 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.

    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 426
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 693
    CoreFirst Bank & Trust
    Similarity Rank: 759
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 1062
    Truity Federal Credit Union
    Similarity Rank: 1274
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1428
    Central National Bank
    Similarity Rank: 1782
    Union Bank and Trust Company
    Similarity Rank: 1862
    Envista Credit Union
    Similarity Rank: 2370
    Hawthorn Bank
    Similarity Rank: 2600

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $11,975,000 $159,667 $2,316 3.01%

    For 2021, United Consumers Credit Union's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $3,845,000 $167,174 $2,150 3.14%
    Cash Out Refi 23 $2,915,000 $126,739 $2,475 3.09%
    Refi 20 $3,490,000 $174,500 $2,281 2.73%
    Other 6 $800,000 $133,333 $2,178 3.15%
    Home Improvement 3 $925,000 $308,333 $2,896 2.88%

    For 2021, United Consumers Credit Union's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 41 $7,205,000 $175,732 $2,195 3.20%
    15 Year 16 $2,330,000 $145,625 $2,655 2.72%
    20 Year 10 $1,430,000 $143,000 $2,440 3.04%
    10 Year 8 $1,010,000 $126,250 $2,109 2.56%

    For 2021, United Consumers Credit Union's most frequently cited loan duration was 30 Year, with 41 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $9,915,000 $173,947
    $1k-2k 14 $1,400,000 $100,000
    $2k-3k 3 $545,000 $181,667
    $3k-4k 1 $115,000 $115,000

    United Consumers Credit Union's average total fees were $2,195, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 35 $5,265,000 $150,429
    2.5-3% 27 $4,425,000 $163,889
    <2.5% 12 $2,210,000 $184,167
    4-5% 1 $75,000 $75,000

    During 2021, United Consumers Credit Union's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 36 $5,140,000 $142,778 $2,248 2.98%
    $100,000 or less 20 $1,420,000 $71,000 $2,275 3.19%
    $200k-400k 17 $4,495,000 $264,412 $2,474 2.89%
    $400k-600k 2 $920,000 $460,000 $2,620 2.69%

    2021 saw United Consumers Credit Union place emphasis on $100k-200k loans with 36 originations, totaling $5,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $2,370,000 $107,727 $2,335 3.14%
    $100k-150k 16 $3,350,000 $209,375 $2,275 3.02%
    $50k-75k 15 $2,055,000 $137,000 $2,210 3.04%
    $75k-100k 12 $1,830,000 $152,500 $2,354 3.11%
    $150k-250k 9 $1,925,000 $213,889 $2,440 2.54%
    $250k+ 1 $445,000 $445,000 $2,604 2.13%

    United Consumers Credit Union lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $5,295,000 $182,586 $2,408 2.92%
    30-36% 15 $2,585,000 $172,333 $2,386 3.04%
    <20% 10 $1,140,000 $114,000 $2,394 2.95%
    42% 4 $780,000 $195,000 $2,354 3.25%
    46% 3 $335,000 $111,667 $2,084 3.08%
    44% 2 $410,000 $205,000 $2,648 3.00%
    50-60% 2 $330,000 $165,000 $2,132 2.69%
    36% 2 $90,000 $45,000 $2,442 3.56%
    37% 2 $260,000 $130,000 $2,668 2.94%
    39% 2 $150,000 $75,000 $2,449 3.19%
    41% 2 $240,000 $120,000 $428 3.06%
    45% 1 $155,000 $155,000 $868 2.88%

    United Consumers Credit Union lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $9,675,000 $148,846 $2,285 3.01%
    Not provided 3 $725,000 $241,667 $3,495 3.13%
    American Indian 2 $680,000 $340,000 $2,347 2.75%
    Black 3 $645,000 $215,000 $1,997 3.33%
    Asian 2 $250,000 $125,000 $2,015 2.44%

    Approval Rates

    Total approvals of all applications
    84.00%

    United Consumers Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    38.67%

    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 75 $11,975,000 $159,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $11,975,000 $159,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $155,000 $51,667 $2,499 3.29%
    40-60% 13 $1,985,000 $152,692 $2,116 2.68%
    60-80% 36 $5,680,000 $157,778 $2,401 3.06%
    80-100% 20 $3,760,000 $188,000 $2,214 3.08%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 20.0%