Co-op Credit Union Mortgage Rates, Fees & InfoBlack River Falls, WI
Tax ID: 39-0745853
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCo-op Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Co-op Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, La Crosse, Menomonie, Minneapolis, and Milwaukee 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 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.85%||3/19/23|
|30 Year Conventional Refi||6.76%||3/19/23|
|30 Year Cash-out Refi||6.83%||3/19/23|
|15 Year Conventional Purchase||7.52%||3/19/23|
|15 Year Conventional Refi||6.64%||3/19/23|
|15 Year Cash-out Refi||6.64%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$88,770,000
Co-op Credit Union's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Co-op Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,517.
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 $4,750.
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||525||$71,525,000||$136,238||$1,208||3.38%|
|EAU CLAIRE, WI (FHA|USDA|VA)||85||$10,635,000||$125,118||$1,402||3.58%|
|LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA)||32||$3,820,000||$119,375||$1,459||3.50%|
|Menomonie, WI (FHA|USDA|VA)||4||$610,000||$152,500||$1,830||3.45%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||3||$495,000||$165,000||$1,869||3.33%|
|MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)||1||$495,000||$495,000||$2,880||3.25%|
|MADISON, WI (FHA|USDA|VA)||2||$410,000||$205,000||$2,174||3.13%|
|APPLETON, WI (FHA|USDA|VA)||1||$265,000||$265,000||$1,748||3.13%|
|WAUSAU-WESTON, WI (FHA|USDA|VA)||2||$170,000||$85,000||$1,365||3.24%|
|Watertown-Fort Atkinson, WI (FHA|USDA|VA)||1||$115,000||$115,000||$1,458||3.38%|
|GREEN BAY, WI (FHA|USDA|VA)||1||$105,000||$105,000||$746||3.50%|
|ROCHESTER, MN (FHA|USDA|VA)||1||$75,000||$75,000||$1,643||3.75%|
|Winona, MN (FHA|USDA|VA)||1||$25,000||$25,000||$0||4.01%|
|RACINE, WI (FHA|USDA|VA)||1||$25,000||$25,000||$758||2.88%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Co-op Credit Union's most frequently originated type of loan was Conventional, with 658 originations. Their 2nd most popular type was HELOC, with 2 originations.
For 2021, Co-op Credit Union's most frequently cited loan purpose was Cash Out Refi, with 258 originations. The 2nd most popular reason was Home Purchase, with 219 originations.
For 2021, Co-op Credit Union's most frequently cited loan duration was 30 Year, with 274 originations. The 2nd most popular length was 15 Year, with 145 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Co-op Credit Union's average total fees were $1,517, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 597 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Co-op Credit Union's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was 3-4%, with 393 originations.
2021 saw Co-op Credit Union place emphasis on $100,000 or less loans with 285 originations, totaling $17,455,000 in origination value.
Co-op Credit Union lent most frequently to those with incomes in the $50k or less range, with 231 originations. The second most popular income band? $100k-150k, with 126 originations.
Applicant Debt to Income Ratio
Co-op Credit Union lent most frequently to those with DTI ratios of 20-30%, with 212 originations. The next most common DTI ratio? 30-36%, with 143 originations.
Approval RatesTotal approvals of all applications
Co-op Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Co-op Credit Union has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|