PlainLender

CONSUMERS CREDIT UNION

LAKE FOREST, IL

CONSUMERS CREDIT UNION processed 1,890 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,223 loans with a 15.1% denial rate. Cash-out Refinancing was the primary loan purpose. Based in LAKE FOREST, IL. The approval rate of 64.7% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. CONSUMERS CREDIT UNION processed 1,890 HMDA-reported mortgage applications in 2024, originating 1,223 loans and denying 285 for a denial rate of 15.1% (applicants themselves withdrew 120 files before a decision). The average loan amount was $151,540 at a 7.156% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 5493004K0Z4RFJSPYT52 from LAKE FOREST, IL.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. CONSUMERS CREDIT UNION's 64.7% origination rate tells you how often an application turned into funded money; the 15.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,890 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,890
Applications
1,223
Originated
15.1%
Denial Rate
$151,540
Avg Loan Amount
Avg Interest Rate: 7.156% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,890 1,223 285 $151,540

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for CONSUMERS CREDIT UNION (LEI: 5493004K0Z4RFJSPYT52) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
117
Debt-to-income ratio
112
Other
41
Collateral
33
Employment history
15
Insufficient cash
7
Unverifiable information
6
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 988 612 $98,907
Home Purchase 430 213 $305,512
Home Improvement 269 240 $98,271
Other 159 137 $87,013
Refinancing 44 21 $387,500

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,109 68.1% 12.9%
Asian 117 59.0% 15.4%
Black or African American 115 48.7% 27.0%
Joint 35 65.7% 14.3%
American Indian or Alaska Native 25 64.0% 24.0%
2 or more minority races 4 50.0% 25.0%
Native Hawaiian or Other Pacific Islander 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,096 66.9% 13.8%
Hispanic or Latino 391 53.2% 22.5%
Joint 70 70.0% 12.9%

Nearby Lenders in IL

Other HMDA-reporting lenders in IL with similar activity. Compare any two side-by-side.

GUARANTEED RATE, INC.

CHICAGO, IL

124,492 apps 62,820 originated 5.1% denied

BMO Harris Bank NA

Chicago, IL

42,165 apps 18,166 originated 29.4% denied

Mutual of Omaha Mortgage

Lombard, IL

34,393 apps 19,951 originated 20.2% denied

GUARANTEED RATE AFFINITY, LLC

CHICAGO, IL

21,826 apps 14,587 originated 6.0% denied

THE FEDERAL SAVINGS BANK

CHICAGO, IL

20,656 apps 8,146 originated 9.3% denied
Compare CONSUMERS CREDIT UNION vs GUARANTEED RATE, INC. →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did CONSUMERS CREDIT UNION process?
CONSUMERS CREDIT UNION processed 1,890 mortgage applications in the 2023 HMDA reporting year. Of these, 1,223 were originated (approved and funded), 120 were withdrawn by the applicant, and 285 were denied.
What is CONSUMERS CREDIT UNION's mortgage approval rate?
CONSUMERS CREDIT UNION has an approval (origination) rate of 64.7%, meaning 64.7% of all applications resulted in a funded mortgage. The denial rate is 15.1%.
What is the average loan amount at CONSUMERS CREDIT UNION?
The average mortgage loan amount at CONSUMERS CREDIT UNION is $151,540. The average interest rate is 7.156%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at CONSUMERS CREDIT UNION?
The most common reasons for mortgage denial at CONSUMERS CREDIT UNION are: Credit history, Debt-to-income ratio, Other. In total, 285 applications were denied out of 1,890 total applications.
What types of mortgage loans does CONSUMERS CREDIT UNION offer?
CONSUMERS CREDIT UNION processes Conventional loans. The most common type is Conventional with 1,890 applications and an average loan amount of $151,540.
What loan purposes does CONSUMERS CREDIT UNION serve?
CONSUMERS CREDIT UNION serves the following loan purposes: Cash-out Refinancing (988 applications), Home Purchase (430 applications), Home Improvement (269 applications), Other (159 applications), Refinancing (44 applications). Cash-out Refinancing is the most common purpose.
Where is CONSUMERS CREDIT UNION located?
CONSUMERS CREDIT UNION is headquartered in LAKE FOREST, IL. The lender is identified by LEI 5493004K0Z4RFJSPYT52 in HMDA data.
How does CONSUMERS CREDIT UNION compare in lending across racial demographics?
CONSUMERS CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 68.1% and denial rate of 12.9%; Asian applicants have an approval rate of 59.0% and denial rate of 15.4%; Black or African American applicants have an approval rate of 48.7% and denial rate of 27.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.