Consumers Cooperative Credit Union Mortgage Rates, Fees & Info

Gurnee, IL

LEI: 5493004K0Z4RFJSPYT52

Tax ID: 36-1936022

5 stars - Updated: 4/5/25 - out of 5 stars, based on 35 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Consumers Cooperative Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Consumers Cooperative Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Miami, Rockford, Atlanta, and Dallas among others. We have data for 63 markets. (Some data included below & more in-depth data is available with an active subscription.)

Consumers Cooperative Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Consumers Cooperative Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.99% 4/5/25
30 Year Conventional Purchase 6.75% 4/5/25
30 Year Conventional Refi 6.41% 4/5/25
30 Year Cash-out Refi 6.52% 4/5/25
15 Year Conventional Purchase 6.22% 4/5/25
15 Year Conventional Refi 5.80% 4/5/25
15 Year Cash-out Refi 5.80% 4/5/25
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Consumers Cooperative Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Consumers Cooperative Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,223

Origination Dollar Volume (All Markets)

$189,345,000

Awards

CONSUMERS COOPERATIVE CREDIT UNION 30 Year Conventional Loans silver CONSUMERS COOPERATIVE CREDIT UNION 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Consumers Cooperative Credit Union's average 30 year fixed mortgage rate was 6.48%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.07%.

Relative Fees (Closing Costs)

Consumers Cooperative Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,452.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1,074 $159,260,000 $148,287 $2,370 7.21%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $4,900,000 $306,250 $3,834 6.77%
ROCKFORD, IL (FHA|USDA|VA) 18 $2,210,000 $122,778 $1,491 7.28%
Outside of Metro Areas 9 $1,665,000 $185,000 $2,262 6.69%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,370,000 $228,333 $6,743 6.62%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,275,000 $425,000 $5,041 6.17%
RACINE, WI (FHA|USDA|VA) 5 $1,275,000 $255,000 $2,673 6.43%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,155,000 $231,000 $4,591 6.42%
Baraboo, WI (FHA|USDA|VA) 2 $990,000 $495,000 $2,849 6.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $930,000 $232,500 $4,060 6.34%
SHEBOYGAN, WI (FHA|USDA|VA) 2 $780,000 $390,000 $0 5.74%
Whitewater, WI (FHA|USDA|VA) 5 $735,000 $147,000 $2,624 6.62%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $725,000 $241,667 $4,131 6.25%
Crossville, TN (FHA|USDA|VA) 2 $710,000 $355,000 $4,016 7.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $610,000 $305,000 $4,966 6.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $580,000 $96,667 $2,945 7.18%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $560,000 $280,000 $7,945 6.75%
COLUMBIA, MO (FHA|USDA|VA) 1 $555,000 $555,000 $2,300 6.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $550,000 $275,000 $2,509 6.25%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $475,000 $475,000 $2,774 6.75%
MADISON, WI (FHA|USDA|VA) 2 $470,000 $235,000 $4,209 6.75%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $460,000 $230,000 $3,396 6.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $395,000 $395,000 $3,846 6.88%
Cornelia, GA (FHA|USDA|VA) 1 $365,000 $365,000 $3,969 6.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $350,000 $175,000 $3,663 6.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $345,000 $345,000 $5,002 6.13%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $340,000 $170,000 $2,476 6.37%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $340,000 $170,000 $0 8.00%
PEORIA, IL (FHA|USDA|VA) 1 $325,000 $325,000 $2,587 7.13%
Albemarle, NC (FHA|USDA|VA) 1 $325,000 $325,000 $10,980 5.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.00%
PITTSBURGH, PA (FHA|USDA|VA) 2 $270,000 $135,000 $3,145 5.93%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $255,000 $255,000 $4,229 6.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $245,000 $245,000 $2,717 6.50%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $225,000 $225,000 $3,292 6.38%
Rochelle, IL (FHA|USDA|VA) 1 $215,000 $215,000 $3,062 6.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,627 6.38%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,162 5.63%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $180,000 $90,000 $0 8.37%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,995 6.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $175,000 $58,333 $959 6.79%
LANCASTER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.74%
THE VILLAGES, FL (FHA|USDA|VA) 2 $150,000 $75,000 $3,810 6.25%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,487 6.38%
Freeport, IL (FHA|USDA|VA) 2 $130,000 $65,000 $0 6.49%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,709 6.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.74%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.49%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.49%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $95,000 $95,000 $550 7.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.49%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $1,939 6.13%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,713 6.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.24%
Marion, NC (FHA|USDA|VA) 1 $55,000 $55,000 $257 7.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.74%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.99%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.49%
SPARTANBURG, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.49%
Marinette, WI-MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,115 7.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.74%
Consumers Cooperative Credit Union's top markets include Chicago, Miami, Rockford, Atlanta, and Dallas among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 722 $77,620,000 $107,507 n/a 7.07%
    Conventional 501 $111,725,000 $223,004 $2,527 7.28%

    For 2024, Consumers Cooperative Credit Union's most frequently originated type of loan was HELOC, with 722 originations. Their 2nd most popular type was Conventional, with 501 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 612 $65,510,000 $107,042 $820 7.25%
    Home Improvement 240 $23,540,000 $98,083 $255 7.23%
    Home Purchase 213 $75,635,000 $355,094 $4,819 6.55%
    Other 137 $12,525,000 $91,423 $124 7.70%
    Refi 21 $12,135,000 $577,857 $2,753 6.18%

    For 2024, Consumers Cooperative Credit Union's most frequently cited loan purpose was Cash Out Refi, with 612 originations. The 2nd most popular reason was Home Improvement, with 240 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 785 $82,515,000 $105,115 $293 7.20%
    30 Year 234 $63,540,000 $271,538 $4,452 6.48%
    10 Year 75 $4,125,000 $55,000 $74 8.11%
    15 Year 58 $4,460,000 $76,897 $868 8.01%
    5 Year 44 $1,440,000 $32,727 $113 7.51%
    Other 27 $33,265,000 $1,232,037 $0 6.71%

    For 2024, Consumers Cooperative Credit Union's most frequently cited loan duration was 20 Year, with 785 originations. The 2nd most popular length was 30 Year, with 234 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 240 $15,820,000 $65,917
    $1k-2k 220 $58,910,000 $267,773
    $2k-3k 5 $965,000 $193,000
    $5k+ 5 $1,745,000 $349,000
    $3k-4k 2 $430,000 $215,000
    $4k-5k 2 $590,000 $295,000

    Consumers Cooperative Credit Union's average total fees were $4,452, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 240 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 615 $125,895,000 $204,707
    Over 8% 229 $16,325,000 $71,288
    7-8% 228 $21,740,000 $95,351
    5-6% 151 $25,385,000 $168,113

    During 2024, Consumers Cooperative Credit Union's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 615 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 648 $34,610,000 $53,410 $387 7.52%
    $100k-200k 308 $39,560,000 $128,442 $3,195 6.82%
    $200k-400k 188 $51,420,000 $273,511 $4,577 6.67%
    $400k-600k 44 $21,370,000 $485,682 $5,341 6.58%
    $600k-1MM 25 $17,955,000 $718,200 $5,004 6.69%
    $1MM+ 10 $24,430,000 $2,443,000 $2,626 6.59%

    2024 saw Consumers Cooperative Credit Union place emphasis on $100,000 or less loans with 648 originations, totaling $34,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 310 $39,250,000 $126,613 $2,731 7.21%
    $150k-250k 291 $46,645,000 $160,292 $2,891 7.13%
    $50k-75k 203 $16,225,000 $79,926 $1,899 7.16%
    $75k-100k 199 $18,005,000 $90,477 $2,200 7.44%
    $250k+ 114 $31,110,000 $272,895 $3,425 6.73%
    $50k or less 81 $5,555,000 $68,580 $2,060 7.10%

    Consumers Cooperative Credit Union lent most frequently to those with incomes in the $100k-150k range, with 310 originations. The second most popular income band? $150k-250k, with 291 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 199 $29,925,000 $150,377 $3,110 7.04%
    20-30% 186 $24,810,000 $133,387 $3,006 6.80%
    49% 87 $9,565,000 $109,943 $1,602 7.58%
    50-60% 63 $7,785,000 $123,571 $2,488 6.88%
    48% 55 $8,185,000 $148,818 $3,011 7.18%
    <20% 54 $5,270,000 $97,593 $2,390 6.70%
    44% 54 $7,850,000 $145,370 $2,833 7.26%
    39% 49 $5,355,000 $109,286 $2,042 7.52%
    46% 49 $4,575,000 $93,367 $1,302 7.76%
    43% 49 $5,275,000 $107,653 $1,771 7.30%
    45% 47 $6,705,000 $142,660 $1,857 7.15%
    47% 47 $5,005,000 $106,489 $1,231 7.67%
    42% 46 $5,840,000 $126,957 $2,022 7.57%
    37% 46 $5,590,000 $121,522 $1,800 7.30%
    40% 45 $5,915,000 $131,444 $1,963 7.10%
    41% 41 $6,405,000 $156,220 $3,937 6.90%
    38% 34 $4,440,000 $130,588 $1,646 7.48%
    36% 26 $4,560,000 $175,385 $3,342 6.70%
    >60% 19 $3,025,000 $159,211 $2,912 7.59%

    Consumers Cooperative Credit Union lent most frequently to those with DTI ratios of 30-36%, with 199 originations. The next most common DTI ratio? 20-30%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 770 $101,710,000 $132,091 $2,301 7.14%
    Not provided 279 $35,415,000 $126,935 $2,493 7.26%
    Not applicable 22 $29,870,000 $1,357,727 $0 6.70%
    Asian 53 $10,095,000 $190,472 $4,179 7.09%
    Black 61 $6,925,000 $113,525 $3,299 7.14%
    Asian Indian 14 $3,430,000 $245,000 $4,974 6.86%
    American Indian 19 $1,645,000 $86,579 $2,107 7.57%
    Chinese 2 $120,000 $60,000 $0 6.49%
    Korean 1 $55,000 $55,000 $0 6.49%
    Japanese 1 $55,000 $55,000 $0 6.49%
    Filipino 1 $25,000 $25,000 $0 6.49%

    Approval Rates

    Total approvals of all applications
    84.92%

    Consumers Cooperative Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.81%

    Consumers Cooperative Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,223 $189,345,000 $154,820

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,223 $189,345,000 $154,820

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 345 $40,035,000 $116,043 $807 7.29%
    40-60% 101 $34,225,000 $338,861 $3,384 6.72%
    60-80% 129 $49,685,000 $385,155 $4,202 6.62%
    80-100% 117 $34,405,000 $294,060 $4,829 6.56%
    Under 20% 531 $30,995,000 $58,371 $172 7.41%