# Great Lakes Credit Union

> **Canonical URL:** https://saferate.com/lenders/great-lakes-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Great Lakes Credit Union is a credit union, headquartered in Bannockburn, IL, serving borrowers across 10 states, with 73 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 8% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 68% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300W6J23SLH6AR815
- **Headquarters:** Bannockburn, IL
- **Geographic Reach:** Multi-Region
- **States Served:** 10
- **State List:** CO, FL, GA, IL, IN, OH, PA, TN, TX, WI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 92/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 32/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.223%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $-1,540
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 73
- **Dollar Volume:** $17 million
- **Applications Received:** 115
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $234,041
- **Average Borrower Income:** $114,644
- **Average Property Value:** $320,890

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 30/100 | 73 | +0.223% | $-1,540 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 60 loans, Score: 31/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 31/100 | 60 | $15M | +0.277% | Acceptable 🙂 |
| Refinance | 22/100 | 13 | $2M | -0.032% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 59 | 0.05% | 64/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Chicago | IL | 35 | 60/100 |
| Lake County, IL | IL | 18 | 61/100 |

## Where This Lender Ranks

Great Lakes Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#5** in Lake County, IL for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/lake-county-il/best-mortgage-lenders/credit-unions/conventional-loans)

## Frequently Asked Questions

### What loan types does Great Lakes Credit Union offer?

Great Lakes Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Great Lakes Credit Union offer mortgages?

Great Lakes Credit Union offers mortgages in 10 states: CO, FL, GA, IL, IN, OH, PA, TN, TX, WI.

### How competitive are Great Lakes Credit Union's mortgage rates?

Great Lakes Credit Union has a pricing score of 92/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.223% above market average.

### What type of lender is Great Lakes Credit Union?

Great Lakes Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Bannockburn, IL.

### What is Great Lakes Credit Union's loan approval success rate?

Great Lakes Credit Union has a pull-through score of 32/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/great-lakes-credit-union

### How to Cite

> "Great Lakes Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/great-lakes-credit-union

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