Consumers Cooperative Credit Union Mortgage Rates, Fees & Info
Gurnee, ILLEI: 5493004K0Z4RFJSPYT52
Tax ID: 36-1936022
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Mortgage Data
Review & Overview
Consumers Cooperative Credit Union is a smaller credit union specializing in Refi, 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, Dallas, and Phoenix among others. We have data for 88 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,625Origination Dollar Volume (All Markets)
$370,355,000Top 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) | 1,341 | $285,835,000 | $213,151 | $3,272 | 3.26% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 40 | $12,240,000 | $306,000 | $4,661 | 3.23% |
| ROCKFORD, IL (FHA|USDA|VA) | 9 | $7,035,000 | $781,667 | $3,460 | 3.83% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 24 | $6,650,000 | $277,083 | $4,124 | 3.31% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 21 | $5,845,000 | $278,333 | $3,214 | 3.20% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $4,050,000 | $289,286 | $3,691 | 2.98% |
| Outside of Metro Areas | 17 | $3,705,000 | $217,941 | $2,553 | 3.26% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $3,525,000 | $503,571 | $5,029 | 3.14% |
| RACINE, WI (FHA|USDA|VA) | 10 | $2,510,000 | $251,000 | $3,064 | 3.15% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $2,335,000 | $778,333 | $3,692 | 3.17% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $5,490 | 3.20% |
| Whitewater, WI (FHA|USDA|VA) | 8 | $1,660,000 | $207,500 | $2,693 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $3,704 | 3.10% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $7,973 | 3.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $4,994 | 3.27% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $5,819 | 2.94% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $3,459 | 3.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $1,245 | 3.29% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $3,066 | 2.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $3,634 | 3.33% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $3,567 | 3.16% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $2,777 | 2.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,513 | 3.04% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,218 | 2.94% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $5,348 | 3.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $2,975 | 3.44% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,018 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $2,951 | 3.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $2,911 | 4.75% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,270 | 3.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $2,836 | 4.38% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $4,617 | 3.38% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $2,577 | 2.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,551 | 2.31% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,458 | 3.08% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,931 | 2.75% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,827 | 2.88% |
| MADISON, WI (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,623 | 3.54% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,389 | 3.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,548 | 3.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,741 | 4.88% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,899 | 3.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,989 | 3.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,009 | 3.44% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,336 | 2.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,378 | 3.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,125 | 3.25% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,903 | 2.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,617 | 2.94% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,967 | 2.38% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,246 | 3.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,794 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,656 | 3.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,768 | 2.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,306 | 2.63% |
| Seneca, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,716 | 2.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,902 | 3.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,773 | 3.44% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,536 | 3.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,084 | 3.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,766 | 3.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,009 | 2.81% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,573 | 3.38% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,998 | 2.50% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,765 | 2.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,633 | 3.38% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,664 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,561 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,718 | 3.00% |
| Freeport, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,377 | 3.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,985 | 3.50% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,264 | 3.63% |
| Crossville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,339 | 3.13% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,138 | 3.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,444 | 3.50% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,107 | 3.25% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,346 | 2.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,304 | 2.63% |
| Waycross, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,907 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.49% |
| WACO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,716 | 3.13% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,322 | 2.88% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,851 | 2.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,647 | 3.88% |
| NILES, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,643 | 2.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,394 | 3.00% |
| Martin, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,675 | 3.75% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,636 | 2.38% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,624 | $370,000,000 | $227,833 | $3,367 | 3.25% |
| HELOC | 1 | $355,000 | $355,000 | n/a | 5.25% |
For 2020, Consumers Cooperative Credit Union's most frequently originated type of loan was Conventional, with 1,624 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2020, Consumers Cooperative Credit Union's most frequently cited loan purpose was Refi, with 739 originations. The 2nd most popular reason was Cash Out Refi, with 381 originations.
Loan Duration/Length
For 2020, Consumers Cooperative Credit Union's most frequently cited loan duration was 30 Year, with 737 originations. The 2nd most popular length was 15 Year, with 509 originations.
Origination Fees/Closing Costs
Consumers Cooperative Credit Union's average total fees were $4,110, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 935 originations.
Interest Rates
During 2020, Consumers Cooperative Credit Union's average interest rate for loans was 3.37%, while their most frequently originated rate bucket for loans was 3-4%, with 836 originations.
Loan Sizing
2020 saw Consumers Cooperative Credit Union place emphasis on $100k-200k loans with 769 originations, totaling $112,335,000 in origination value.
Applicant Income
Consumers Cooperative Credit Union lent most frequently to those with incomes in the $100k-150k range, with 474 originations. The second most popular income band? $150k-250k, with 343 originations.
Applicant Debt to Income Ratio
Consumers Cooperative Credit Union lent most frequently to those with DTI ratios of 20-30%, with 446 originations. The next most common DTI ratio? 30-36%, with 285 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.07%
Consumers Cooperative Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination34.46%
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 | 1,625 | $370,355,000 | $227,911 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Consumer Counseling Centers LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |