Co-op Credit Union Mortgage Rates, Fees & Info

Black River Falls, WI

LEI: 549300HZKPV04SFK9K27

Tax ID: 39-0745853

5 stars - Updated: 6/17/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Co-op Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Co-op Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Eau Claire, Madison, Menomonie, and Appleton among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Co-op Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Co-op 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 relatively high 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
30 Year Conventional Purchase 6.64% 6/17/24
30 Year Conventional Refi 6.71% 6/17/24
30 Year Cash-out Refi 6.77% 6/17/24
15 Year Conventional Purchase 6.63% 6/17/24
15 Year Conventional Refi 6.21% 6/17/24
15 Year Cash-out Refi 6.21% 6/17/24
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.

Co-op Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Co-op 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

371

Origination Dollar Volume (All Markets)

$56,515,000
Show all (8) awards

Relative Rate

Co-op Credit Union's average 30 year fixed mortgage rate was 6.14%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.34%.

Relative Fees (Closing Costs)

Co-op Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $1,608.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Outside of Metro Areas 262 $39,020,000 $148,931 $1,318 6.32%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 40 $7,200,000 $180,000 $1,785 6.51%
EAU CLAIRE, WI (FHA|USDA|VA) 52 $6,890,000 $132,500 $1,423 6.71%
MADISON, WI (FHA|USDA|VA) 3 $975,000 $325,000 $2,373 6.09%
Menomonie, WI (FHA|USDA|VA) 3 $685,000 $228,333 $1,834 5.76%
APPLETON, WI (FHA|USDA|VA) 2 $490,000 $245,000 $1,896 6.68%
Platteville, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,983 5.50%
Baraboo, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,818 6.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $235,000 $235,000 $1,848 6.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,096 6.40%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $160,000 $80,000 $0 7.58%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $85,000 $85,000 $2,028 6.68%
Beaver Dam, WI (FHA|USDA|VA) 1 $85,000 $85,000 $1,483 6.93%
ROCHESTER, MN (FHA|USDA|VA) 1 $35,000 $35,000 $771 6.40%
Co-op Credit Union's top markets include La Crosse, Eau Claire, Madison, Menomonie, and Appleton among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CO-OP Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Security Financial Bank
    Similarity Rank: 56
    CO-OP Credit Union
    Similarity Rank: 56
    Prevail Bank
    Similarity Rank: 96
    WESTconsin Credit Union
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    Coulee Bank
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    Citizens Community Federal
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    WNB Financial, N.A.
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    Merchants Bank
    Similarity Rank: 510
    Home Federal Savings Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 364 $56,090,000 $154,093 $1,385 6.40%
    HELOC 7 $425,000 $60,714 n/a 6.19%

    For 2023, Co-op Credit Union's most frequently originated type of loan was Conventional, with 364 originations. Their 2nd most popular type was HELOC, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 169 $25,835,000 $152,870 $1,826 6.46%
    Other 89 $11,255,000 $126,461 $886 6.78%
    Cash Out Refi 72 $11,320,000 $157,222 $1,031 6.09%
    Refi 40 $7,970,000 $199,250 $680 5.93%
    Home Improvement 1 $135,000 $135,000 $2,608 3.39%

    For 2023, Co-op Credit Union's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Other, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 192 $38,530,000 $200,677 $1,608 6.14%
    15 Year 73 $5,745,000 $78,699 $970 6.71%
    Other 53 $7,825,000 $147,642 $794 6.77%
    10 Year 33 $1,905,000 $57,727 $902 6.61%
    20 Year 11 $1,195,000 $108,636 $1,329 6.22%
    5 Year 4 $50,000 $12,500 $965 7.59%
    1 Year 3 $1,185,000 $395,000 $1,858 4.98%
    3 Year 2 $80,000 $40,000 $526 6.44%

    For 2023, Co-op Credit Union's most frequently cited loan duration was 30 Year, with 192 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 300 $46,520,000 $155,067

    Co-op Credit Union's average total fees were $1,608, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 300 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 166 $23,450,000 $141,265
    5-6% 121 $20,355,000 $168,223
    7-8% 66 $7,210,000 $109,242
    3-4% 10 $3,820,000 $382,000
    Over 8% 4 $110,000 $27,500
    4-5% 3 $915,000 $305,000

    During 2023, Co-op Credit Union's average interest rate for loans was 6.14%, while their most frequently originated rate bucket for loans was 6-7%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 155 $8,835,000 $57,000 $1,075 6.72%
    $100k-200k 124 $17,840,000 $143,871 $1,607 6.29%
    $200k-400k 76 $20,980,000 $276,053 $1,740 6.17%
    $400k-600k 13 $6,445,000 $495,769 $832 5.15%
    $600k-1MM 2 $1,260,000 $630,000 $50 3.60%
    $1MM+ 1 $1,155,000 $1,155,000 $0 7.25%

    2023 saw Co-op Credit Union place emphasis on $100,000 or less loans with 155 originations, totaling $8,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 101 $12,695,000 $125,693 $1,317 6.43%
    $50k-75k 76 $8,270,000 $108,816 $1,300 6.44%
    $100k-150k 71 $13,455,000 $189,507 $1,515 6.25%
    $75k-100k 58 $7,050,000 $121,552 $1,434 6.38%
    $150k-250k 25 $5,715,000 $228,600 $1,251 5.94%
    $250k+ 8 $2,390,000 $298,750 $1,716 6.39%

    Co-op Credit Union lent most frequently to those with incomes in the $50k or less range, with 101 originations. The second most popular income band? $50k-75k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 87 $12,135,000 $139,483 $1,421 6.36%
    20-30% 74 $9,350,000 $126,351 $1,362 6.24%
    <20% 65 $10,015,000 $154,077 $1,172 6.36%
    37% 19 $3,505,000 $184,474 $1,539 6.34%
    42% 15 $2,275,000 $151,667 $1,556 6.41%
    39% 15 $1,595,000 $106,333 $1,260 6.45%
    41% 15 $2,245,000 $149,667 $1,493 6.58%
    40% 13 $2,435,000 $187,308 $1,213 6.25%
    38% 11 $1,115,000 $101,364 $1,601 6.88%
    36% 9 $1,095,000 $121,667 $1,607 6.61%
    50-60% 6 $850,000 $141,667 $1,618 6.24%
    >60% 5 $1,885,000 $377,000 $1,194 6.44%
    48% 2 $490,000 $245,000 $2,246 6.43%
    49% 2 $850,000 $425,000 $804 5.15%
    43% 2 $250,000 $125,000 $1,215 6.18%
    46% 1 $245,000 $245,000 $1,983 5.50%
    47% 1 $115,000 $115,000 $1,483 5.50%
    44% 1 $95,000 $95,000 $1,183 6.20%

    Co-op Credit Union lent most frequently to those with DTI ratios of 30-36%, with 87 originations. The next most common DTI ratio? 20-30%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 330 $47,920,000 $145,212 $1,386 6.37%
    Not applicable 27 $5,905,000 $218,704 $0 6.95%
    American Indian 7 $1,215,000 $173,571 $1,285 5.94%
    Asian 3 $805,000 $268,333 $1,395 5.79%
    Not provided 4 $670,000 $167,500 $1,496 6.45%

    Approval Rates

    Total approvals of all applications
    96.14%

    Co-op Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    93.26%

    Co-op Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 7 $425,000 $60,714
    125.0 1 $15,000 $15,000
    145.0 1 $15,000 $15,000
    235.0 1 $35,000 $35,000
    330.0 1 $25,000 $25,000
    595.0 15 $605,000 $40,333
    NA 345 $55,395,000 $160,565

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    371 $56,515,000 $152,332

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $4,570,000 $84,630 $886 6.55%
    40-60% 48 $6,510,000 $135,625 $1,256 6.56%
    60-80% 105 $21,075,000 $200,714 $1,371 6.29%
    80-100% 129 $23,035,000 $178,566 $1,776 6.26%
    Under 20% 34 $1,300,000 $38,235 $827 6.78%