Educators Credit Union · Illinois · 2025

Educators Credit Union in Illinois: approval rate, denial rate and rates (2025)

Educators Credit Union took 35 mortgage applications in Illinois in 2025, ranking #512 of 1,150 lenders active in the state. It originated 42.9% of them and denied 34.3% (36.4% of the applications it decided), against a statewide denial rate of 17.1%.

35Applicationsin IL
36.4%Decision denial ratestate 21.7%
6.13%Median ratestate 6.75%
$155,000Median loanstate $185,000
$4.2MVolume6 counties

Educators Credit Union in Illinois vs the state

34.3%Denial rate+17.17 pts vs state
36.4%Decision denial rate+14.68 pts vs state
42.9%Origination rate-15.88 pts vs state
6.13%Median rate-0.63 pts vs state
-0.16Rate spread (pts)-0.54 pts vs state
$111kMedian applicant income
15Loans originated
12Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023342514.7%6.25%#516
2024351842.9%6.81%#504
2025351534.3%6.13%#512

What Educators Credit Union lends in Illinois

By loan purpose

Home purchase 15 43% · 0.0% denied
Refinance 2 6% · 50.0% denied
Cash-out refinance 6 17% · 16.7% denied
Other / HELOC 12 34% · 83.3% denied

By loan type

Conventional 35 100% · 34.3% denied

Why it denied Illinois applicants

Debt-to-income ratio 5 42%
Credit history 4 33%
Collateral 2 17%
Incomplete application 1 8%

Where in Illinois

Counties with the most Educators Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lake County 1564 26.7%
Winnebago County 1053 30.0%
McHenry County 541 20.0%
Cook County 202 100.0%
DuPage County 201 50.0%
DeKalb County 101 100.0%

Other large lenders in Illinois

LenderGradeApplicationsDenial rateMedian rate
Guaranteed RateB 17,4794.9%6.63%
Rocket MortgageC 16,97119.7%6.75%
United Shore Financial ServicesB 15,64413.0%6.50%
JPMorgan Chase BankB 13,5749.7%6.49%
U.S. BankD 10,07638.3%7.00%
Crosscountry MortgageB 8,7794.5%6.75%
Fifth Third BankD 8,62832.1%7.50%
The Huntington National BankD 8,22631.9%6.99%
BMO BankF 8,00732.7%8.33%
Loandepot.ComD 7,01917.7%6.88%

Frequently asked questions

Illinois: 35 applications in 2025, of which 15 were originated and 12 denied.

34.3% of all applications, or 36.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Educators Credit Union originated in Illinois in 2025 was 6.13%, against a statewide median of 6.75%.

About this data. Figures are Educators 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