Consumers Cooperative Credit Union Mortgage Rates, Fees & Info

Gurnee, IL

LEI: 5493004K0Z4RFJSPYT52

Tax ID: 36-1936022

5 stars - out of 5 stars, based on 40 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Consumers Cooperative Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Consumers Cooperative Credit Union has a high proportion of conventional loans. Their top markets include Chicago, Milwaukee, Houston, Dallas, and Miami among others. Consumers Cooperative Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Consumers Cooperative Credit Union is typically an average fee lendor.


Originations

1,620

Origination Dollar Volume (All Markets)

$310,750,000

Relative Rate

Consumers Cooperative Credit Union's average 30 year fixed rate mortgage of loans were 3.05%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.1%.

Relative Fees

Consumers Cooperative Credit Union's average total fees for a 30 year fixed rate mortgage are $4,367.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1,394 $251,960,000 $180,746 $3,448 3.31%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 11 $5,195,000 $472,273 $2,888 3.10%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $4,630,000 $771,667 $6,300 2.79%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $4,330,000 $309,286 $4,399 3.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $4,285,000 $285,667 $5,284 2.97%
Outside of Metro Areas 13 $3,315,000 $255,000 $3,530 2.95%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 11 $2,815,000 $255,909 $4,456 2.91%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 7 $2,715,000 $387,857 $3,761 2.91%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 13 $2,695,000 $207,308 $3,697 2.99%
RACINE, WI (FHA|USDA|VA) 14 $2,550,000 $182,143 $3,038 3.33%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $2,340,000 $390,000 $2,136 3.13%
Whitewater, WI (FHA|USDA|VA) 12 $2,080,000 $173,333 $2,768 3.79%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,380,000 $345,000 $4,382 3.06%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,160,000 $580,000 $2,911 2.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,120,000 $186,667 $3,443 2.52%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $1,110,000 $555,000 $7,055 2.69%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $765,000 $765,000 $4,112 2.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $735,000 $245,000 $6,003 3.04%
ROCKFORD, IL (FHA|USDA|VA) 5 $725,000 $145,000 $4,137 2.83%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $720,000 $360,000 $7,068 2.56%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $685,000 $685,000 $4,031 3.88%
CHICO, CA (FHA|USDA|VA) 2 $570,000 $285,000 $0 3.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $570,000 $285,000 $5,446 2.94%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $555,000 $185,000 $3,880 3.00%
PITTSBURGH, PA (FHA|USDA|VA) 4 $530,000 $132,500 $3,395 2.78%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $480,000 $240,000 $2,919 2.69%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $455,000 $151,667 $1,488 3.71%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $455,000 $151,667 $4,879 2.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $435,000 $435,000 $6,439 3.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $420,000 $210,000 $2,862 2.56%
RENO, NV (FHA|USDA|VA) 1 $405,000 $405,000 $3,104 2.38%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $380,000 $190,000 $6,586 2.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $370,000 $185,000 $2,675 2.63%
APPLETON, WI (FHA|USDA|VA) 1 $355,000 $355,000 $9,994 3.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $345,000 $345,000 $3,813 2.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $345,000 $115,000 $3,511 3.33%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $305,000 $305,000 $7,575 2.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $300,000 $150,000 $2,790 2.88%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $285,000 $285,000 $1,452 2.88%
MADISON, WI (FHA|USDA|VA) 2 $280,000 $140,000 $2,679 2.94%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $255,000 $255,000 $3,832 2.88%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,959 3.13%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $3,106 3.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $235,000 $235,000 $1,793 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,559 3.00%
TUCSON, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $1,969 2.38%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $215,000 $215,000 $2,461 3.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,452 2.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $185,000 $185,000 $5,288 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $5,069 3.13%
PEORIA, IL (FHA|USDA|VA) 1 $185,000 $185,000 $2,467 2.38%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,539 2.88%
WILMINGTON, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,819 3.13%
Warsaw, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,670 3.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,319 2.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,011 2.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $155,000 $155,000 $5,460 3.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,580 2.63%
YUMA, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $2,221 2.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,622 4.00%
Brownwood, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,321 2.88%
Georgetown, SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,722 2.38%
Dixon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,094 3.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $140,000 $70,000 $2,608 3.13%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,370 2.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,402 3.63%
MANSFIELD, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,615 2.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $95,000 $95,000 $3,036 2.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,994 2.50%
Ottawa, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.25%
Payson, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $3,998 2.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,936 2.88%
Paris, TN (FHA|USDA|VA) 1 $55,000 $55,000 $3,284 3.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.99%
VALLEJO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.25%

Consumers Cooperative Credit Union's top markets include Chicago, Milwaukee, Houston, Dallas, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,620 $310,750,000 $191,821 $3,517 3.27%

For the 2021 period, Consumers Cooperative Credit Union's most frequently originated loan type of loans were Conventional, with 1,620 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 586 $113,820,000 $194,232 $2,568 2.85%
Home Purchase 350 $101,010,000 $288,600 $5,381 3.03%
Cash Out Refi 330 $65,220,000 $197,636 $3,695 2.92%
Home Improvement 200 $12,710,000 $63,550 $1,451 4.50%
Other 154 $17,990,000 $116,818 $2,034 4.58%

For the 2021, Consumers Cooperative Credit Union's most frequently cited loan purpose of loans were Refi, with 586 originations. The 2nd most popular reason of loans were Home Purchase, with 350 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 605 $146,795,000 $242,636 $4,367 3.05%
15 Year 412 $69,420,000 $168,495 $2,764 2.69%
10 Year 393 $31,635,000 $80,496 $2,076 4.22%
20 Year 165 $29,205,000 $177,000 $3,226 3.02%
5 Year 34 $17,560,000 $516,471 $250 4.70%
Other 11 $16,135,000 $1,466,818 $2,201 3.38%

For the 2021, Consumers Cooperative Credit Union's most frequently cited loan length of loans were 30 Year, with 605 originations. The 2nd most popular length of loans were 15 Year, with 412 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 640 $119,270,000 $186,359
$2k-3k 196 $38,480,000 $196,327
$3k-4k 182 $37,370,000 $205,330
$<1k 174 $35,360,000 $203,218
$5k+ 58 $20,200,000 $348,276

$4,367 of loans were Consumers Cooperative Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 640 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 718 $153,490,000 $213,774
3-4% 487 $92,495,000 $189,928
<2.5% 258 $43,610,000 $169,031
5-6% 60 $3,570,000 $59,500
4-5% 43 $3,255,000 $75,698
6-7% 19 $805,000 $42,368
7-8% 13 $695,000 $53,462
Over 8% 13 $525,000 $40,385

During 2021, Consumers Cooperative Credit Union's average interest rate of loans were 3.05%, while their most frequently originated rate bucket of loans were 2.5-3%, with 718 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 659 $96,625,000 $146,624 $3,316 2.95%
$100,000 or less 451 $25,345,000 $56,197 $2,361 4.10%
$200k-400k 407 $108,375,000 $266,278 $4,150 2.93%
$400k-600k 59 $28,035,000 $475,169 $5,298 2.98%
$600k-1MM 27 $19,925,000 $737,963 $3,559 3.26%
$1MM+ 17 $32,445,000 $1,908,529 $7,797 3.26%

2021 saw Consumers Cooperative Credit Union place emphasis on $100k-200k loans with 659 originations, totaling $96,625,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 390 $64,620,000 $165,692 $3,576 3.41%
$50k-75k 331 $46,085,000 $139,230 $3,453 3.08%
$150k-250k 308 $68,320,000 $221,818 $3,763 3.34%
$75k-100k 291 $44,435,000 $152,698 $3,323 3.14%
$50k or less 172 $18,190,000 $105,756 $3,108 3.14%
$250k+ 92 $36,050,000 $391,848 $4,533 3.71%

Consumers Cooperative Credit Union lent most frequently to those with incomes in the $100k-150k range, with 390 originations. The second most popular income band? $50k-75k, with 331 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 435 $71,465,000 $164,287 $3,186 3.28%
30-36% 332 $59,640,000 $179,639 $3,575 3.26%
<20% 202 $31,320,000 $155,050 $2,868 3.33%
37% 61 $11,995,000 $196,639 $3,846 3.17%
39% 58 $11,340,000 $195,517 $3,982 3.44%
36% 52 $10,270,000 $197,500 $3,545 3.33%
38% 51 $7,805,000 $153,039 $3,625 3.36%
43% 51 $9,605,000 $188,333 $3,714 3.20%
42% 46 $7,830,000 $170,217 $4,179 3.66%
41% 46 $7,920,000 $172,174 $3,487 3.19%
44% 46 $9,900,000 $215,217 $4,308 3.06%
40% 37 $6,395,000 $172,838 $3,490 3.48%
49% 35 $7,185,000 $205,286 $3,421 2.82%
47% 34 $5,870,000 $172,647 $3,699 2.96%
45% 33 $6,775,000 $205,303 $4,331 3.06%
46% 33 $6,175,000 $187,121 $4,129 3.17%
48% 27 $5,005,000 $185,370 $4,708 3.11%
50-60% 3 $735,000 $245,000 $2,494 3.33%
>60% 1 $195,000 $195,000 $0 3.75%

Consumers Cooperative Credit Union lent most frequently to those with DTI ratios of 20-30%, with 435 originations. The next most common DTI ratio? 30-36%, with 332 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,131 $192,455,000 $170,164 $3,447 3.33%
Not provided 270 $50,610,000 $187,444 $3,541 3.05%
Not applicable 32 $26,790,000 $837,188 $0 3.79%
Asian 76 $19,340,000 $254,474 $4,000 3.03%
Black 77 $11,645,000 $151,234 $3,999 3.31%
Asian Indian 15 $6,625,000 $441,667 $2,842 3.08%
American Indian 15 $2,655,000 $177,000 $3,181 3.48%
Other Asian 2 $270,000 $135,000 $3,195 2.50%
Chinese 1 $205,000 $205,000 $0 3.25%
Native Hawaiian 1 $155,000 $155,000 $4,862 2.88%

Approval Rates

Total approvals of all applications
88.30%

Consumers Cooperative Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
43.31%

Consumers Cooperative Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 1,620 $310,750,000 $191,821

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,620 $310,750,000 $191,821

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 185 $25,055,000 $135,432 $2,331 3.65%
40-60% 293 $50,345,000 $171,826 $2,490 2.85%
60-80% 611 $144,385,000 $236,309 $3,524 2.89%
80-100% 291 $76,955,000 $264,450 $5,093 2.97%
Under 20% 238 $13,160,000 $55,294 $567 4.85%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Consumer Credit Services, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%