Abbott Laboratories Employees Credit Union Mortgage Rates, Fees & Info
Gurnee, ILLEI: 549300O4KTZGM04CCZ47
Tax ID: 36-3679911
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Abbott Laboratories Employees Credit Union is a smaller credit union specializing in Home Purchase loans. Abbott Laboratories Employees Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Los Angeles, Columbus, Washington, and Racine among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Abbott Laboratories Employees Credit Union has an above 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
146Origination Dollar Volume (All Markets)
$51,670,000Top 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) | 102 | $34,810,000 | $341,275 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $625,000 | $208,333 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 146 | $51,670,000 | $353,904 | $0 | 0.00% |
For 2023, Abbott Laboratories Employees Credit Union's most frequently originated type of loan was Conventional, with 146 originations.
Loan Reason
For 2023, Abbott Laboratories Employees Credit Union's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 146 | $51,670,000 | $353,904 | $0 | 0.00% |
For 2023, Abbott Laboratories Employees Credit Union's most frequently cited loan duration was Other, with 146 originations.
Loan Sizing
2023 saw Abbott Laboratories Employees Credit Union place emphasis on $200k-400k loans with 51 originations, totaling $15,225,000 in origination value.
Applicant Income
Abbott Laboratories Employees Credit Union lent most frequently to those with incomes in the $150k-250k range, with 50 originations. The second most popular income band? $250k+, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 146 | $51,670,000 | $353,904 | $0 | 0.00% |
Abbott Laboratories Employees Credit Union lent most frequently to those with DTI ratios of Exempt%, with 146 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.05%
Abbott Laboratories Employees Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination39.73%
Abbott Laboratories Employees 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 | 146 | $51,670,000 | $353,904 |