Consumers Cooperative Credit Union Mortgage Rates, Fees & Info
Gurnee, ILLEI: 5493004K0Z4RFJSPYT52
Tax ID: 36-1936022
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Consumers Cooperative Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Consumers Cooperative Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Racine, Cape Coral, and Naples among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Consumers Cooperative Credit Union has an above 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.12% | 4/21/24 |
| 30 Year Conventional Purchase | 6.14% | 4/21/24 |
| 30 Year Conventional Refi | 6.08% | 4/21/24 |
| 30 Year Cash-out Refi | 6.23% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.23% | 4/21/24 |
| 15 Year Conventional Refi | 6.16% | 4/21/24 |
| 15 Year Cash-out Refi | 6.16% | 4/21/24 |
| 15 Year FHA Purchase | 5.68% | 4/21/24 |
| 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
469Origination Dollar Volume (All Markets)
$79,165,000Awards
CONSUMERS COOPERATIVE CREDIT UNION - 2018
CONSUMERS COOPERATIVE CREDIT UNION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for CONSUMERS COOPERATIVE CREDIT UNION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 429 | $72,465,000 | $168,916 | $3,675 | 4.73% |
| Whitewater, WI (FHA|USDA|VA) | 9 | $1,735,000 | $192,778 | $3,051 | 4.18% |
| RACINE, WI (FHA|USDA|VA) | 9 | $1,495,000 | $166,111 | $2,750 | 5.37% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,515 | 4.75% |
| Outside of Metro Areas | 4 | $430,000 | $107,500 | $3,023 | 4.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,085 | 4.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,752 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,097 | 4.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,215 | 4.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,715 | 4.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,892 | 4.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,972 | 5.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,459 | 4.50% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,538 | 4.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,614 | 3.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.25% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,412 | 4.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,525 | 4.50% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,098 | 3.88% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,567 | 5.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against CONSUMERS COOPERATIVE CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 28
Similarity Rank: 104
Similarity Rank: 200
Similarity Rank: 312
Similarity Rank: 392
Similarity Rank: 408
Similarity Rank: 416
Similarity Rank: 432
Similarity Rank: 533
Similarity Rank: 592
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 469 | $79,165,000 | $168,795 | $3,679 | 4.72% |
For 2018, Consumers Cooperative Credit Union's most frequently originated type of loan was Conventional, with 469 originations.
Loan Reason
For 2018, Consumers Cooperative Credit Union's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Refi, with 87 originations.
Loan Duration/Length
For 2018, Consumers Cooperative Credit Union's most frequently cited loan duration was 30 Year, with 252 originations. The 2nd most popular length was 15 Year, with 88 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 437 | $66,375,000 | $151,888 |
Consumers Cooperative Credit Union's average total fees were $4,509, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 437 originations.
Interest Rates
During 2018, Consumers Cooperative Credit Union's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 302 originations.
Loan Sizing
2018 saw Consumers Cooperative Credit Union place emphasis on $100k-200k loans with 216 originations, totaling $30,680,000 in origination value.
Applicant Income
Consumers Cooperative Credit Union lent most frequently to those with incomes in the $50k-75k range, with 118 originations. The second most popular income band? $100k-150k, with 99 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $265,000 | $265,000 | $1,553 | 3.50% |
Consumers Cooperative Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.48%
Consumers Cooperative Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination48.61%
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 | 469 | $79,165,000 | $168,795 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 18 | $10,650,000 | $591,667 |
| Single Family (1-4 Units):Site-Built | 451 | $68,515,000 | $151,918 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Consumer Real Estate Finance Co. | FHA mortgage | Closing on a mortgage | 2 | 66.7% |
| Consumer Real Estate Finance Co. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |