Co-op Credit Union Mortgage Rates, Fees & Info
Black River Falls, WILEI: 549300HZKPV04SFK9K27
Tax ID: 39-0745853
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Mortgage Data
Review & Overview
Co-op Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, 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, Appleton, Madison, and Menomonie among others. We have data for 12 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.64% | 4/18/24 |
| 30 Year Conventional Refi | 6.71% | 4/18/24 |
| 30 Year Cash-out Refi | 6.77% | 4/18/24 |
| 15 Year Conventional Purchase | 6.63% | 4/18/24 |
| 15 Year Conventional Refi | 6.21% | 4/18/24 |
| 15 Year Cash-out Refi | 6.21% | 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. | ||
Co-op 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
437Origination Dollar Volume (All Markets)
$49,345,000Awards
CO-OP Credit Union - 2019
CO-OP Credit Union is a 2019 , due to their low .
For 2019, 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 342 | $38,510,000 | $112,602 | $911 | 4.37% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 56 | $6,290,000 | $112,321 | $911 | 4.46% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 25 | $3,125,000 | $125,000 | $1,042 | 4.55% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $888 | 3.75% |
| MADISON, WI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,165 | 3.44% |
| Menomonie, WI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,175 | 4.58% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,288 | 4.25% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $901 | 3.50% |
| Winona, MN (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $1,236 | 5.22% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.75% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $638 | 3.50% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $638 | 6.68% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 436 | $49,320,000 | $113,119 | $917 | 4.39% |
| HELOC | 1 | $25,000 | $25,000 | n/a | 4.50% |
For 2019, Co-op Credit Union's most frequently originated type of loan was Conventional, with 436 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2019, Co-op Credit Union's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Cash Out Refi, with 102 originations.
Loan Duration/Length
For 2019, Co-op Credit Union's most frequently cited loan duration was 30 Year, with 180 originations. The 2nd most popular length was 10 Year, with 99 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 394 | $45,310,000 | $115,000 |
Co-op Credit Union's average total fees were $1,142, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 394 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 232 | $30,070,000 | $129,612 |
| 3-4% | 140 | $16,020,000 | $114,429 |
| 5-6% | 33 | $2,055,000 | $62,273 |
| 6-7% | 29 | $895,000 | $30,862 |
| 2.5-3% | 3 | $305,000 | $101,667 |
During 2019, Co-op Credit Union's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 4-5%, with 232 originations.
Loan Sizing
2019 saw Co-op Credit Union place emphasis on $100,000 or less loans with 221 originations, totaling $12,355,000 in origination value.
Applicant Income
Co-op Credit Union lent most frequently to those with incomes in the $50k or less range, with 154 originations. The second most popular income band? $50k-75k, with 105 originations.
Applicant Debt to Income Ratio
Co-op Credit Union lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? <20%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.83%
Co-op Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.59%
Co-op Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $290,000 | $145,000 |
| 450.0 | 7 | $225,000 | $32,143 |
| 563.76 | 1 | $55,000 | $55,000 |
| 584.76 | 1 | $45,000 | $45,000 |
| 742.0 | 1 | $15,000 | $15,000 |
| NA | 425 | $48,715,000 | $114,624 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 25 | $1,305,000 | $52,200 |
| Single Family (1-4 Units):Site-Built | 412 | $48,040,000 | $116,602 |