TOWER Federal Credit Union in Illinois vs the state
38.1%Denial rate+20.98 pts vs state
42.1%Decision denial rate+20.43 pts vs state
50.5%Origination rate-8.26 pts vs state
7.00%Median rate+0.25 pts vs state
-0.20Rate spread (pts)-0.58 pts vs state
$160kMedian applicant income
53Loans originated
40Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 90 | 53 | 34.4% | 7.49% | #355 |
| 2024 | 119 | 78 | 25.2% | 8.00% | #307 |
| 2025 | 105 | 53 | 38.1% | 7.00% | #341 |
What TOWER Federal Credit Union lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 60 | 30 | 22 | 36.7% |
| DuPage County | 15 | 10 | 5 | 33.3% |
| Will County | 8 | 4 | 3 | 37.5% |
| McHenry County | 7 | 2 | 4 | 57.1% |
| Kane County | 5 | 4 | 1 | 20.0% |
| Lake County | 5 | 2 | 1 | 20.0% |
| DeKalb County | 2 | 0 | 2 | 100.0% |
| Champaign County | 1 | 0 | 1 | 100.0% |
| Sangamon County | 1 | 1 | 0 | 0.0% |
| Winnebago County | 1 | 0 | 1 | 100.0% |
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: 105 applications in 2025, of which 53 were originated and 40 denied.
38.1% of all applications, or 42.1% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans TOWER Federal Credit Union originated in Illinois in 2025 was 7.00%, against a statewide median of 6.75%.
About this data. Figures are TOWER 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