Elements Financial Federal Credit Union in Illinois vs the state
16.7%Denial rate-0.45 pts vs state
21.1%Decision denial rate-0.63 pts vs state
58.3%Origination rate-0.41 pts vs state
5.31%Median rate-1.44 pts vs state
-1.46Rate spread (pts)-1.84 pts vs state
$202kMedian applicant income
14Loans originated
4Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 33 | 19 | 27.3% | 6.00% | #521 |
| 2024 | 28 | 14 | 42.9% | 4.99% | #542 |
| 2025 | 24 | 14 | 16.7% | 5.31% | #567 |
What Elements Financial Federal Credit Union lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Elements Financial Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 8 | 4 | 1 | 12.5% |
| Lake County | 4 | 3 | 0 | 0.0% |
| DuPage County | 3 | 2 | 1 | 33.3% |
| Champaign County | 2 | 1 | 0 | 0.0% |
| Kane County | 2 | 2 | 0 | 0.0% |
| Douglas County | 1 | 1 | 0 | 0.0% |
| Clark County | 1 | 0 | 1 | 100.0% |
| Sangamon County | 1 | 1 | 0 | 0.0% |
| St. Clair County | 1 | 0 | 1 | 100.0% |
| Winnebago County | 1 | 0 | 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: 24 applications in 2025, of which 14 were originated and 4 denied.
16.7% of all applications, or 21.1% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Elements Financial Federal Credit Union originated in Illinois in 2025 was 5.31%, against a statewide median of 6.75%.
About this data. Figures are Elements Financial Federal 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