# FIRST NORTHERN Credit Union

> **Canonical URL:** https://saferate.com/lenders/first-northern-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

FIRST NORTHERN Credit Union is a credit union, headquartered in Chicago, IL, serving borrowers across 5 states, with 150 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 30% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 30% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300LI5KT42YX5L588
- **Headquarters:** Chicago, IL
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** FL, IL, MI, OK, WI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.358%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $871
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 150
- **Dollar Volume:** $30 million
- **Applications Received:** 203
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $196,800
- **Average Borrower Income:** $151,560

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **Purchase Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 55/100 | 150 | +0.358% | $871 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 130 loans, Score: 55/100 (Sound)
- Refinance: 20 loans, Score: 43/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 54/100 | 130 | $27M | +0.340% | Sound ☺️ |
| Refinance | 42/100 | 20 | $2M | +0.499% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 136 | 0.11% | 72/100 |
| WI | 10 | 0.02% | 42/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Rockford, IL | IL | 102 | 84/100 |
| Chicago | IL | 25 | 53/100 |

## Frequently Asked Questions

### What loan types does FIRST NORTHERN Credit Union offer?

FIRST NORTHERN 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 FIRST NORTHERN Credit Union offer mortgages?

FIRST NORTHERN Credit Union offers mortgages in 5 states: FL, IL, MI, OK, WI.

### How competitive are FIRST NORTHERN Credit Union's mortgage rates?

FIRST NORTHERN Credit Union has a pricing score of 70/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.358% above market average.

### What type of lender is FIRST NORTHERN Credit Union?

FIRST NORTHERN Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Chicago, IL.

### What is FIRST NORTHERN Credit Union's loan approval success rate?

FIRST NORTHERN Credit Union has a pull-through score of 70/100 (Strong). 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/first-northern-credit-union

### How to Cite

> "FIRST NORTHERN Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-northern-credit-union

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