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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, Phoenix, Racine, Whitewater, and Nashville among others. We have data for 39 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
779Origination Dollar Volume (All Markets)
$136,565,000Top 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) | 705 | $121,755,000 | $172,702 | $3,800 | 4.39% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $3,747 | 3.78% |
| RACINE, WI (FHA|USDA|VA) | 8 | $1,320,000 | $165,000 | $3,004 | 4.16% |
| Whitewater, WI (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $2,236 | 5.28% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $3,685 | 3.67% |
| Outside of Metro Areas | 6 | $1,060,000 | $176,667 | $4,650 | 3.73% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $6,218 | 4.22% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $4,327 | 3.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,622 | 3.81% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,648 | 3.44% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,798 | 3.88% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,772 | 4.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,274 | 3.81% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,387 | 3.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,018 | 3.67% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,999 | 3.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,889 | 3.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $1,941 | 6.29% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,301 | 3.75% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,883 | 4.75% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,896 | 5.06% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,382 | 4.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,520 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,498 | 4.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,790 | 4.50% |
| Wooster, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,959 | 3.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,989 | 3.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,909 | 3.63% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,345 | 4.63% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,021 | 4.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,921 | 3.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,071 | 3.63% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,322 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,246 | 3.38% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,036 | 3.63% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,387 | 3.88% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,327 | 4.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,469 | 4.13% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $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: 85
Similarity Rank: 188
Similarity Rank: 352
Similarity Rank: 480
Similarity Rank: 498
Similarity Rank: 513
Similarity Rank: 516
Similarity Rank: 572
Similarity Rank: 618
Similarity Rank: 754
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 777 | $136,265,000 | $175,373 | $3,780 | 4.37% |
| FHA | 2 | $300,000 | $150,000 | $9,665 | 4.00% |
For 2019, Consumers Cooperative Credit Union's most frequently originated type of loan was Conventional, with 777 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2019, Consumers Cooperative Credit Union's most frequently cited loan purpose was Home Purchase, with 307 originations. The 2nd most popular reason was Refi, with 146 originations.
Loan Duration/Length
For 2019, Consumers Cooperative Credit Union's most frequently cited loan duration was 30 Year, with 399 originations. The 2nd most popular length was 15 Year, with 159 originations.
Origination Fees/Closing Costs
Consumers Cooperative Credit Union's average total fees were $4,618, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 308 originations.
Interest Rates
During 2019, Consumers Cooperative Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 381 originations.
Loan Sizing
2019 saw Consumers Cooperative Credit Union place emphasis on $100k-200k loans with 347 originations, totaling $49,905,000 in origination value.
Applicant Income
Consumers Cooperative Credit Union lent most frequently to those with incomes in the $100k-150k range, with 209 originations. The second most popular income band? $50k-75k, with 185 originations.
Applicant Debt to Income Ratio
Consumers Cooperative Credit Union lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.38%
Consumers Cooperative Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-3.08%
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 | 779 | $136,565,000 | $175,308 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 13 | $12,375,000 | $951,923 |
| Single Family (1-4 Units):Site-Built | 766 | $124,190,000 | $162,128 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Consumer Real Estate Finance Co. | FHA mortgage | Closing on a mortgage | 1 | 50.0% |
| Consumer Real Estate Finance Co. | Other type of mortgage | Closing on a mortgage | 1 | 50.0% |