Abbott Laboratories Employees Credit Union Mortgage Rates, Fees & Info
Gurnee, ILLEI: 549300O4KTZGM04CCZ47
Tax ID: 36-3679911
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Mortgage Data
Review & Overview
Abbott Laboratories Employees Credit Union is a smaller credit union specializing in Refi and 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, Minneapolis, Columbus, and St. Louis among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)Abbott Laboratories Employees 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
400Origination Dollar Volume (All Markets)
$109,400,000Top 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) | 324 | $80,200,000 | $247,531 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $3,460,000 | $576,667 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $2,070,000 | $345,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $1,810,000 | $301,667 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,220,000 | $305,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,115,000 | $1,115,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Forest City, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 400 | $109,400,000 | $273,500 | $0 | 0.00% |
For 2020, Abbott Laboratories Employees Credit Union's most frequently originated type of loan was Conventional, with 400 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 290 | $75,040,000 | $258,759 | $0 | 0.00% |
| Home Purchase | 62 | $24,800,000 | $400,000 | $0 | 0.00% |
| Cash Out Refi | 48 | $9,560,000 | $199,167 | $0 | 0.00% |
For 2020, Abbott Laboratories Employees Credit Union's most frequently cited loan purpose was Refi, with 290 originations. The 2nd most popular reason was Home Purchase, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 400 | $109,400,000 | $273,500 | $0 | 0.00% |
For 2020, Abbott Laboratories Employees Credit Union's most frequently cited loan duration was Other, with 400 originations.
Loan Sizing
2020 saw Abbott Laboratories Employees Credit Union place emphasis on $200k-400k loans with 138 originations, totaling $37,800,000 in origination value.
Applicant Income
Abbott Laboratories Employees Credit Union lent most frequently to those with incomes in the $150k-250k range, with 69 originations. The second most popular income band? $250k+, with 54 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 400 | $109,400,000 | $273,500 | $0 | 0.00% |
Abbott Laboratories Employees Credit Union lent most frequently to those with DTI ratios of Exempt%, with 400 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.57%
Abbott Laboratories Employees Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-5.25%
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 | 400 | $109,400,000 | $273,500 |