Covantage Credit Union in Illinois vs the state
7.7%Denial rate-9.38 pts vs state
8.8%Decision denial rate-12.92 pts vs state
78.1%Origination rate+19.32 pts vs state
6.50%Median rate-0.25 pts vs state
-0.26Rate spread (pts)-0.64 pts vs state
$120kMedian applicant income
121Loans originated
12Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 99 | 77 | 12.1% | 7.25% | #338 |
| 2024 | 133 | 97 | 7.5% | 7.50% | #288 |
| 2025 | 155 | 121 | 7.7% | 6.50% | #291 |
What Covantage Credit Union lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Covantage Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Will County | 68 | 54 | 4 | 5.9% |
| Cook County | 58 | 44 | 6 | 10.3% |
| DuPage County | 7 | 6 | 0 | 0.0% |
| Kankakee County | 5 | 5 | 0 | 0.0% |
| Kane County | 3 | 3 | 0 | 0.0% |
| Lake County | 3 | 2 | 0 | 0.0% |
| Henry County | 2 | 1 | 0 | 0.0% |
| Kendall County | 2 | 1 | 1 | 50.0% |
| McHenry County | 1 | 1 | 0 | 0.0% |
| Jo Daviess County | 1 | 1 | 0 | 0.0% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 155 applications in 2025, of which 121 were originated and 12 denied.
7.7% of all applications, or 8.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Covantage Credit Union originated in Illinois in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Covantage Credit Union's own HMDA filing for properties located in Illinois, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology