Co-op Credit Union Mortgage Rates, Fees & Info

Black River Falls, WI

LEI: 549300HZKPV04SFK9K27

Tax ID: 39-0745853

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Eau Claire, La Crosse, Menomonie, Wisconsin Rapids, and Green Bay 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.64% 12/16/24
    30 Year Conventional Refi 6.71% 12/16/24
    30 Year Cash-out Refi 6.77% 12/16/24
    15 Year Conventional Purchase 6.63% 12/16/24
    15 Year Conventional Refi 6.21% 12/16/24
    15 Year Cash-out Refi 6.21% 12/16/24
    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

    496

    Origination Dollar Volume (All Markets)

    $73,890,000
    Show all (8) awards

    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 377 $54,955,000 $145,769 $1,254 4.32%
    EAU CLAIRE, WI (FHA|USDA|VA) 58 $8,090,000 $139,483 $1,504 4.65%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 43 $7,515,000 $174,767 $1,800 4.37%
    Menomonie, WI (FHA|USDA|VA) 3 $575,000 $191,667 $2,472 3.77%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $575,000 $191,667 $2,047 3.20%
    GREEN BAY, WI (FHA|USDA|VA) 3 $475,000 $158,333 $1,628 4.58%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $335,000 $335,000 $2,629 4.45%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $280,000 $140,000 $1,219 3.65%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.75%
    Winona, MN (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.25%
    Marinette, WI-MI (FHA|USDA|VA) 1 $205,000 $205,000 $1,833 4.45%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,483 3.25%
    APPLETON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,432 5.63%
    Stevens Point, WI (FHA|USDA|VA) 1 $75,000 $75,000 $746 3.60%
    Co-op Credit Union's top markets include Eau Claire, La Crosse, Menomonie, Wisconsin Rapids, and Green Bay among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Minnesota (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.

    VERVE, A CREDIT UNION
    Similarity Rank: 76
    Firefighters Credit Union
    Similarity Rank: 90
    Forward Bank
    Similarity Rank: 108
    CO-OP Credit Union
    Similarity Rank: 154
    Security Financial Bank
    Similarity Rank: 165
    Prevail Bank
    Similarity Rank: 171
    WESTconsin Credit Union
    Similarity Rank: 209
    Coulee Bank
    Similarity Rank: 319
    Home Federal Savings Bank
    Similarity Rank: 510
    Citizens Community Federal
    Similarity Rank: 525

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 496 $73,890,000 $148,972 $1,340 4.35%

    For 2022, Co-op Credit Union's most frequently originated type of loan was Conventional, with 496 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 192 $31,800,000 $165,625 $1,767 4.54%
    Cash Out Refi 166 $25,500,000 $153,614 $1,105 4.11%
    Refi 68 $9,340,000 $137,353 $823 3.96%
    Other 66 $6,680,000 $101,212 $847 4.87%
    Home Improvement 3 $505,000 $168,333 $2,501 3.51%
    NA 1 $65,000 $65,000 $0 4.25%

    For 2022, Co-op Credit Union's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Cash Out Refi, with 166 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 266 $51,600,000 $193,985 $1,538 4.27%
    15 Year 66 $6,160,000 $93,333 $1,071 4.81%
    10 Year 63 $4,905,000 $77,857 $812 3.98%
    Other 59 $6,895,000 $116,864 $1,015 4.59%
    20 Year 32 $3,350,000 $104,688 $1,027 4.23%
    5 Year 6 $130,000 $21,667 $376 5.76%
    1 Year 4 $850,000 $212,500 $2,516 3.48%

    For 2022, Co-op Credit Union's most frequently cited loan duration was 30 Year, with 266 originations. The 2nd most popular length was 15 Year, with 66 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 427 $67,575,000 $158,255

    Co-op Credit Union's average total fees were $1,538, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 427 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 181 $29,135,000 $160,967
    4-5% 148 $22,410,000 $151,419
    5-6% 116 $17,640,000 $152,069
    2.5-3% 27 $3,245,000 $120,185
    6-7% 19 $1,285,000 $67,632
    7-8% 5 $175,000 $35,000

    During 2022, Co-op Credit Union's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 3-4%, with 181 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 202 $29,600,000 $146,535 $1,478 4.27%
    $100,000 or less 187 $11,395,000 $60,936 $948 4.52%
    $200k-400k 93 $25,195,000 $270,914 $1,618 4.21%
    $400k-600k 9 $4,395,000 $488,333 $2,136 4.45%
    $600k-1MM 5 $3,305,000 $661,000 $1,253 3.98%

    2022 saw Co-op Credit Union place emphasis on $100k-200k loans with 202 originations, totaling $29,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 134 $16,350,000 $122,015 $1,331 4.41%
    $50k-75k 122 $14,540,000 $119,180 $1,260 4.21%
    $75k-100k 90 $12,560,000 $139,556 $1,367 4.36%
    $100k-150k 80 $15,880,000 $198,500 $1,390 4.39%
    $150k-250k 25 $6,375,000 $255,000 $1,384 4.10%
    $250k+ 12 $3,360,000 $280,000 $1,534 4.09%

    Co-op Credit Union lent most frequently to those with incomes in the $50k or less range, with 134 originations. The second most popular income band? $50k-75k, with 122 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 132 $18,390,000 $139,318 $1,329 4.22%
    30-36% 107 $16,375,000 $153,037 $1,282 4.41%
    <20% 92 $14,800,000 $160,870 $1,363 4.18%
    42% 26 $3,920,000 $150,769 $1,413 4.57%
    36% 20 $2,820,000 $141,000 $1,482 4.13%
    40% 17 $3,185,000 $187,353 $1,413 4.41%
    41% 16 $2,070,000 $129,375 $1,298 4.37%
    37% 15 $1,625,000 $108,333 $1,353 4.40%
    39% 14 $2,530,000 $180,714 $1,474 4.83%
    38% 7 $735,000 $105,000 $941 3.95%
    50-60% 4 $690,000 $172,500 $1,267 4.04%
    46% 4 $800,000 $200,000 $1,500 5.04%
    45% 3 $385,000 $128,333 $838 4.47%
    43% 1 $55,000 $55,000 $1,408 5.38%
    47% 1 $195,000 $195,000 $1,657 3.70%
    48% 1 $65,000 $65,000 $1,683 3.80%
    44% 1 $315,000 $315,000 $2,493 4.10%

    Co-op Credit Union lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 456 $68,600,000 $150,439 $1,341 4.32%
    Not applicable 29 $4,125,000 $142,241 $0 4.86%
    Not provided 6 $730,000 $121,667 $1,573 4.42%
    American Indian 3 $275,000 $91,667 $863 4.53%
    Native Hawaiian or Islander 1 $125,000 $125,000 $1,463 3.25%
    Asian 1 $35,000 $35,000 $783 5.30%

    Approval Rates

    Total approvals of all applications
    95.39%

    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
    92.74%

    Co-op Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1399.31 1 $15,000 $15,000
    595.0 20 $640,000 $32,000
    714.49 1 $15,000 $15,000
    NA 474 $73,220,000 $154,473

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    496 $73,890,000 $148,972

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $3,915,000 $68,684 $781 4.64%
    40-60% 72 $8,330,000 $115,694 $1,009 3.98%
    60-80% 160 $26,470,000 $165,438 $1,324 4.31%
    80-100% 182 $32,920,000 $180,879 $1,668 4.36%
    Over 100% 5 $1,345,000 $269,000 $2,024 4.94%
    Under 20% 20 $910,000 $45,500 $806 5.09%