Co-op Credit Union Mortgage Rates, Fees & Info
Black River Falls, WILEI: 549300HZKPV04SFK9K27
Tax ID: 39-0745853
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Co-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.
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% | 4/28/24 |
| 30 Year Conventional Refi | 6.71% | 4/28/24 |
| 30 Year Cash-out Refi | 6.77% | 4/28/24 |
| 15 Year Conventional Purchase | 6.63% | 4/28/24 |
| 15 Year Conventional Refi | 6.21% | 4/28/24 |
| 15 Year Cash-out Refi | 6.21% | 4/28/24 |
| 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
660Origination Dollar Volume (All Markets)
$88,770,000Awards
CO-OP Credit Union - 2021
CO-OP Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for CO-OP Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 | 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% |
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: 88
Similarity Rank: 125
Similarity Rank: 240
Similarity Rank: 315
Similarity Rank: 400
Similarity Rank: 483
Similarity Rank: 765
Similarity Rank: 812
Similarity Rank: 864
Similarity Rank: 987
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 658 | $88,710,000 | $134,818 | $1,252 | 3.41% |
| HELOC | 2 | $60,000 | $30,000 | n/a | 3.00% |
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.
Loan Reason
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.
Loan Duration/Length
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 |
|---|---|---|---|
| $<1k | 597 | $84,485,000 | $141,516 |
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.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 393 | $59,155,000 | $150,522 |
| 2.5-3% | 183 | $23,505,000 | $128,443 |
| 4-5% | 63 | $4,435,000 | $70,397 |
| 5-6% | 12 | $360,000 | $30,000 |
| <2.5% | 9 | $1,315,000 | $146,111 |
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.
Loan Sizing
2021 saw Co-op Credit Union place emphasis on $100,000 or less loans with 285 originations, totaling $17,455,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.75%
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 origination93.03%
Co-op Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $60,000 | $30,000 |
| 595.0 | 21 | $585,000 | $27,857 |
| 807.01 | 1 | $45,000 | $45,000 |
| NA | 636 | $88,080,000 | $138,491 |