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 Home Purchase loans. Consumers Cooperative Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Raleigh, Dallas, Atlanta, and Houston among others. We have data for 51 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
1,045Origination Dollar Volume (All Markets)
$231,015,000Awards
CONSUMERS COOPERATIVE CREDIT UNION - 2022
CONSUMERS COOPERATIVE CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 871 | $165,125,000 | $189,581 | $3,261 | 4.91% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 38 | $17,870,000 | $470,263 | $4,634 | 3.60% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 14 | $7,810,000 | $557,857 | $8,283 | 3.89% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $7,470,000 | $533,571 | $4,932 | 3.44% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $3,510,000 | $438,750 | $5,260 | 4.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $3,180,000 | $530,000 | $5,407 | 4.19% |
| Whitewater, WI (FHA|USDA|VA) | 10 | $2,580,000 | $258,000 | $2,374 | 4.70% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $2,300,000 | $575,000 | $5,469 | 4.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $4,137 | 3.35% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $5,181 | 3.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $2,737 | 4.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $3,939 | 3.41% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $5,965 | 3.96% |
| MADISON, WI (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $2,567 | 5.06% |
| Outside of Metro Areas | 5 | $995,000 | $199,000 | $3,221 | 4.33% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $3,199 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,592 | 3.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,582 | 3.67% |
| RACINE, WI (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,599 | 3.83% |
| Freeport, IL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,902 | 6.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,765 | 3.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,885 | 3.42% |
| ROCKFORD, IL (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $1,244 | 6.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,575 | 4.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,706 | 4.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,107 | 4.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,851 | 4.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,185 | 4.88% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,834 | 3.63% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,199 | 4.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,596 | 4.13% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,525 | 5.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,626 | 4.88% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,416 | 4.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,139 | 4.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,941 | 6.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,044 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,143 | 3.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,015 | 4.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,342 | 5.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,252 | 3.25% |
| Farmington, MO (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,369 | 4.44% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,195 | 4.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,347 | 4.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,226 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,214 | 5.50% |
| Dixon, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.50% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,167 | 3.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,496 | 3.00% |
| Waycross, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,829 | 5.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.24% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 640 | $197,890,000 | $309,203 | $3,617 | 4.31% |
| HELOC | 405 | $33,125,000 | $81,790 | n/a | 5.52% |
For 2022, Consumers Cooperative Credit Union's most frequently originated type of loan was Conventional, with 640 originations. Their 2nd most popular type was HELOC, with 405 originations.
Loan Reason
For 2022, Consumers Cooperative Credit Union's most frequently cited loan purpose was Home Purchase, with 337 originations. The 2nd most popular reason was Home Improvement, with 305 originations.
Loan Duration/Length
For 2022, Consumers Cooperative Credit Union's most frequently cited loan duration was 30 Year, with 421 originations. The 2nd most popular length was 20 Year, with 368 originations.
Origination Fees/Closing Costs
Consumers Cooperative Credit Union's average total fees were $4,434, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 340 originations.
Interest Rates
During 2022, Consumers Cooperative Credit Union's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 333 originations.
Loan Sizing
2022 saw Consumers Cooperative Credit Union place emphasis on $100,000 or less loans with 415 originations, totaling $20,595,000 in origination value.
Applicant Income
Consumers Cooperative Credit Union lent most frequently to those with incomes in the $100k-150k range, with 324 originations. The second most popular income band? $150k-250k, with 214 originations.
Applicant Debt to Income Ratio
Consumers Cooperative Credit Union lent most frequently to those with DTI ratios of 20-30%, with 264 originations. The next most common DTI ratio? 30-36%, with 241 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.86%
Consumers Cooperative Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination69.76%
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 | 1,045 | $231,015,000 | $221,067 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CMG MORTGAGE, INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| CMG MORTGAGE, INC | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |