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, Home Purchase, and Cash Out Refi loans. Consumers Cooperative Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Milwaukee, Houston, Dallas, and Miami among others. We have data for 79 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% | 4/18/24 |
| 30 Year Conventional Purchase | 6.14% | 4/18/24 |
| 30 Year Conventional Refi | 6.08% | 4/18/24 |
| 30 Year Cash-out Refi | 6.23% | 4/18/24 |
| 30 Year FHA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.23% | 4/18/24 |
| 15 Year Conventional Refi | 6.16% | 4/18/24 |
| 15 Year Cash-out Refi | 6.16% | 4/18/24 |
| 15 Year FHA Purchase | 5.68% | 4/18/24 |
| 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
1,620Origination Dollar Volume (All Markets)
$310,750,000Top 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) | 1,394 | $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% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,288 | $281,750,000 | $218,750 | $3,517 | 2.96% |
| HELOC | 332 | $29,000,000 | $87,349 | n/a | 4.48% |
For 2021, Consumers Cooperative Credit Union's most frequently originated type of loan was Conventional, with 1,288 originations. Their 2nd most popular type was HELOC, with 332 originations.
Loan Reason
For 2021, Consumers Cooperative Credit Union's most frequently cited loan purpose was Refi, with 586 originations. The 2nd most popular reason was Home Purchase, with 350 originations.
Loan Duration/Length
For 2021, Consumers Cooperative Credit Union's most frequently cited loan duration was 30 Year, with 605 originations. The 2nd most popular length was 15 Year, with 412 originations.
Origination Fees/Closing Costs
Consumers Cooperative Credit Union's average total fees were $4,367, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 640 originations.
Interest Rates
During 2021, Consumers Cooperative Credit Union's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 718 originations.
Loan Sizing
2021 saw Consumers Cooperative Credit Union place emphasis on $100k-200k loans with 659 originations, totaling $96,625,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications85.06%
Consumers Cooperative Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination72.96%
Consumers Cooperative Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,620 | $310,750,000 | $191,821 |
LTV Distribution
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% |