Lake Michigan Credit Union in Illinois vs the state
2.5%Denial rate-14.59 pts vs state
3.1%Decision denial rate-18.55 pts vs state
77.2%Origination rate+18.48 pts vs state
5.88%Median rate-0.88 pts vs state
-0.18Rate spread (pts)-0.56 pts vs state
$275kMedian applicant income
61Loans originated
2Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 53 | 36 | 0.0% | 5.56% | #441 |
| 2024 | 84 | 67 | 2.4% | 6.00% | #361 |
| 2025 | 79 | 61 | 2.5% | 5.88% | #383 |
What Lake Michigan Credit Union lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Lake Michigan Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 34 | 24 | 1 | 2.9% |
| DuPage County | 12 | 8 | 1 | 8.3% |
| Lake County | 7 | 5 | 0 | 0.0% |
| Kane County | 6 | 5 | 0 | 0.0% |
| Will County | 5 | 4 | 0 | 0.0% |
| Peoria County | 4 | 4 | 0 | 0.0% |
| Sangamon County | 3 | 3 | 0 | 0.0% |
| Champaign County | 2 | 2 | 0 | 0.0% |
| Adams County | 1 | 1 | 0 | 0.0% |
| McLean 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: 79 applications in 2025, of which 61 were originated and 2 denied.
2.5% of all applications, or 3.1% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Lake Michigan Credit Union originated in Illinois in 2025 was 5.88%, against a statewide median of 6.75%.
About this data. Figures are Lake Michigan 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