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, San Francisco, Austin, Los Angeles, and Minneapolis among others. We have data for 36 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
187Origination Dollar Volume (All Markets)
$70,015,000Top 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) | 130 | $48,520,000 | $373,231 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $3,265,000 | $1,088,333 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,845,000 | $615,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $240,000 | $120,000 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (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 | 187 | $70,015,000 | $374,412 | $0 | 0.00% |
For 2022, Abbott Laboratories Employees Credit Union's most frequently originated type of loan was Conventional, with 187 originations.
Loan Reason
For 2022, Abbott Laboratories Employees Credit Union's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 187 | $70,015,000 | $374,412 | $0 | 0.00% |
For 2022, Abbott Laboratories Employees Credit Union's most frequently cited loan duration was Other, with 187 originations.
Loan Sizing
2022 saw Abbott Laboratories Employees Credit Union place emphasis on $200k-400k loans with 58 originations, totaling $17,180,000 in origination value.
Applicant Income
Abbott Laboratories Employees Credit Union lent most frequently to those with incomes in the $150k-250k range, with 58 originations. The second most popular income band? $250k+, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 187 | $70,015,000 | $374,412 | $0 | 0.00% |
Abbott Laboratories Employees Credit Union lent most frequently to those with DTI ratios of Exempt%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
Abbott Laboratories Employees Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination27.27%
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 | 187 | $70,015,000 | $374,412 |