# FINANCIAL PLUS CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/financial-plus-credit-union-il

> **📋 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

FINANCIAL PLUS CREDIT UNION is a credit union, headquartered in Ottawa, IL, with 111 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 5% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 48% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300GWJ5O0AQLJKV83
- **Headquarters:** Ottawa, IL
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** IL
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 95/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.183%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $433
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 111
- **Dollar Volume:** $19 million
- **Applications Received:** 152
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $166,982
- **Average Borrower Income:** $134,117

## Safe Rate Awards 🏆

- ⭐ **Refinance Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 28/100 | 111 | -0.183% | $433 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 64 loans, Score: 28/100 (Acceptable)
- Refinance: 47 loans, Score: 45/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 28/100 | 64 | $10M | -0.212% | Acceptable 🙂 |
| Refinance | 42/100 | 47 | $8M | -0.142% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 111 | 0.09% | 70/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 93 | 61/100 |
| Chicago | IL | 14 | 47/100 |

## Frequently Asked Questions

### What loan types does FINANCIAL PLUS CREDIT UNION offer?

FINANCIAL PLUS 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 FINANCIAL PLUS CREDIT UNION offer mortgages?

FINANCIAL PLUS CREDIT UNION offers mortgages in 1 states: IL.

### How competitive are FINANCIAL PLUS CREDIT UNION's mortgage rates?

FINANCIAL PLUS CREDIT UNION has a pricing score of 95/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.183% below market average.

### What type of lender is FINANCIAL PLUS CREDIT UNION?

FINANCIAL PLUS CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Ottawa, IL.

### What is FINANCIAL PLUS CREDIT UNION's loan approval success rate?

FINANCIAL PLUS CREDIT UNION has a pull-through score of 52/100 (Sound). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/financial-plus-credit-union-il

### How to Cite

> "FINANCIAL PLUS CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/financial-plus-credit-union-il

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