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 Cash Out Refi, Refi, and Home Purchase loans. Co-op Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, La Crosse, Milwaukee, Minneapolis, and Menomonie 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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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
694Origination Dollar Volume (All Markets)
$95,660,000Awards
CO-OP Credit Union - 2020
CO-OP Credit Union is a 2020 , due to their low .
For 2020, 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 | 555 | $74,065,000 | $133,450 | $1,066 | 3.39% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 72 | $9,940,000 | $138,056 | $1,203 | 3.47% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 44 | $6,690,000 | $152,045 | $1,372 | 3.48% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $1,271 | 3.37% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $1,114 | 2.90% |
| Menomonie, WI (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $1,442 | 3.35% |
| Winona, MN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,206 | 3.50% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,058 | 3.75% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,046 | 3.25% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,686 | 3.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,042 | 3.75% |
| MADISON, WI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,500 | 3.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $746 | 2.88% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,508 | 3.50% |
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.
Similarity Rank: 145
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 694 | $95,660,000 | $137,839 | $1,105 | 3.40% |
For 2020, Co-op Credit Union's most frequently originated type of loan was Conventional, with 694 originations.
Loan Reason
For 2020, Co-op Credit Union's most frequently cited loan purpose was Cash Out Refi, with 285 originations. The 2nd most popular reason was Refi, with 201 originations.
Loan Duration/Length
For 2020, Co-op Credit Union's most frequently cited loan duration was 30 Year, with 303 originations. The 2nd most popular length was 10 Year, with 179 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 684 | $95,000,000 | $138,889 |
Co-op Credit Union's average total fees were $1,372, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 684 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 394 | $57,850,000 | $146,827 |
| 2.5-3% | 236 | $31,700,000 | $134,322 |
| <2.5% | 22 | $3,970,000 | $180,455 |
| 5-6% | 22 | $680,000 | $30,909 |
| 4-5% | 20 | $1,460,000 | $73,000 |
During 2020, Co-op Credit Union's average interest rate for loans was 3.45%, while their most frequently originated rate bucket for loans was 3-4%, with 394 originations.
Loan Sizing
2020 saw Co-op Credit Union place emphasis on $100k-200k loans with 305 originations, totaling $43,265,000 in origination value.
Applicant Income
Co-op Credit Union lent most frequently to those with incomes in the $50k or less range, with 174 originations. The second most popular income band? $100k-150k, with 170 originations.
Applicant Debt to Income Ratio
Co-op Credit Union lent most frequently to those with DTI ratios of 20-30%, with 229 originations. The next most common DTI ratio? 30-36%, with 154 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.10%
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 origination90.78%
Co-op Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 450.0 | 4 | $530,000 | $132,500 |
| 595.0 | 4 | $60,000 | $15,000 |
| 773.74 | 1 | $25,000 | $25,000 |
| 807.25 | 1 | $45,000 | $45,000 |
| NA | 684 | $95,000,000 | $138,889 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 24 | $1,900,000 | $79,167 |
| Single Family (1-4 Units):Site-Built | 670 | $93,760,000 | $139,940 |