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 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, San Francisco, New York, Columbus, and Boston among others. We have data for 56 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
487Origination Dollar Volume (All Markets)
$143,745,000Top 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) | 368 | $98,720,000 | $268,261 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $4,640,000 | $1,160,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $3,475,000 | $496,429 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $2,500,000 | $250,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $2,215,000 | $738,333 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 487 | $143,745,000 | $295,164 | $0 | 0.00% |
For 2021, Abbott Laboratories Employees Credit Union's most frequently originated type of loan was Conventional, with 487 originations.
Loan Reason
For 2021, Abbott Laboratories Employees Credit Union's most frequently cited loan purpose was Refi, with 291 originations. The 2nd most popular reason was Home Purchase, with 107 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 487 | $143,745,000 | $295,164 | $0 | 0.00% |
For 2021, Abbott Laboratories Employees Credit Union's most frequently cited loan duration was Other, with 487 originations.
Loan Sizing
2021 saw Abbott Laboratories Employees Credit Union place emphasis on $200k-400k loans with 173 originations, totaling $48,625,000 in origination value.
Applicant Income
Abbott Laboratories Employees Credit Union lent most frequently to those with incomes in the $150k-250k range, with 106 originations. The second most popular income band? $250k+, with 84 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 487 | $143,745,000 | $295,164 | $0 | 0.00% |
Abbott Laboratories Employees Credit Union lent most frequently to those with DTI ratios of Exempt%, with 487 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.66%
Abbott Laboratories Employees Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-0.82%
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 | 487 | $143,745,000 | $295,164 |