Capital Communications Federal Credit Union Mortgage Rates, Fees & Info

Albany, NY

LEI: 549300RUF3KS47ETXV22

Tax ID: 14-1407700

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Capital Communications Federal Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Capital Communications Federal Credit Union has a high proportion of conventional loans. Their top markets include Albany, Buffalo, New York, Glens Falls, and Poughkeepsie among others. Capital Communications Federal Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

1,878

Origination Dollar Volume (All Markets)

$254,400,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1,652 $228,700,000 $138,438 $0 3.58%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 5 $6,355,000 $1,271,000 $0 3.55%
Outside of Metro Areas 48 $3,950,000 $82,292 $0 3.41%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 33 $3,885,000 $117,727 $0 3.41%
GLENS FALLS, NY (FHA|USDA|VA) 45 $3,215,000 $71,444 $0 3.40%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 18 $1,970,000 $109,444 $0 3.53%
Amsterdam, NY (FHA|USDA|VA) 20 $1,690,000 $84,500 $0 3.52%
Gloversville, NY (FHA|USDA|VA) 16 $1,560,000 $97,500 $0 3.55%
Hudson, NY (FHA|USDA|VA) 20 $1,450,000 $72,500 $0 3.45%
Plattsburgh, NY (FHA|USDA|VA) 4 $440,000 $110,000 $0 3.15%
Oneonta, NY (FHA|USDA|VA) 2 $360,000 $180,000 $0 3.62%
SYRACUSE, NY (FHA|USDA|VA) 4 $220,000 $55,000 $0 3.37%
KINGSTON, NY (FHA|USDA|VA) 3 $185,000 $61,667 $0 3.71%
ROCHESTER, NY (FHA|USDA|VA) 3 $135,000 $45,000 $0 3.08%
UTICA-ROME, NY (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.88%
Cortland, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 2.88%
Auburn, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
Olean, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.13%
ELMIRA, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.75%

Capital Communications Federal Credit Union's top markets include Albany, Buffalo, New York, Glens Falls, and Poughkeepsie among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,878 $254,400,000 $135,463 $0 3.56%

For the 2021 period, Capital Communications Federal Credit Union's most frequently originated loan type of loans were Conventional, with 1,878 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 791 $61,475,000 $77,718 $0 3.69%
Cash Out Refi 696 $96,380,000 $138,477 $0 3.36%
Other 311 $24,005,000 $77,186 $0 3.68%
Refi 59 $24,775,000 $419,915 $0 3.47%
Home Purchase 21 $47,765,000 $2,274,524 $0 4.20%

For the 2021, Capital Communications Federal Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 791 originations. The 2nd most popular reason of loans were Cash Out Refi, with 696 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
10 Year 636 $134,370,000 $211,274 $0 3.34%
15 Year 586 $58,040,000 $99,044 $0 3.58%
20 Year 519 $48,375,000 $93,208 $0 3.94%
5 Year 136 $13,300,000 $97,794 $0 3.12%
3 Year 1 $315,000 $315,000 $0 3.65%

For the 2021, Capital Communications Federal Credit Union's most frequently cited loan length of loans were 10 Year, with 636 originations. The 2nd most popular length of loans were 15 Year, with 586 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,101 $141,985,000 $128,960
4-5% 373 $71,445,000 $191,542
2.5-3% 353 $35,045,000 $99,278
<2.5% 51 $5,925,000 $116,176

During 2021, Capital Communications Federal Credit Union's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 3-4%, with 1,101 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 1,206 $61,700,000 $51,161 $0 3.65%
$100k-200k 503 $69,595,000 $138,360 $0 3.41%
$200k-400k 148 $34,870,000 $235,608 $0 3.31%
$1MM+ 13 $83,425,000 $6,417,308 $0 4.08%
$400k-600k 4 $1,930,000 $482,500 $0 4.33%
$600k-1MM 4 $2,880,000 $720,000 $0 4.24%

2021 saw Capital Communications Federal Credit Union place emphasis on $100,000 or less loans with 1,206 originations, totaling $61,700,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 454 $39,480,000 $86,960 $0 3.64%
$50k-75k 413 $32,225,000 $78,027 $0 3.52%
$75k-100k 387 $33,175,000 $85,724 $0 3.51%
$150k-250k 293 $31,365,000 $107,048 $0 3.62%
$50k or less 205 $14,625,000 $71,341 $0 3.33%
$250k+ 46 $6,540,000 $142,174 $0 3.52%

Capital Communications Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 454 originations. The second most popular income band? $50k-75k, with 413 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 475 $42,505,000 $89,484 $0 3.54%
30-36% 307 $26,725,000 $87,052 $0 3.56%
<20% 300 $33,570,000 $111,900 $0 3.23%
50-60% 161 $11,705,000 $72,702 $0 3.65%
37% 52 $4,570,000 $87,885 $0 3.56%
39% 51 $3,415,000 $66,961 $0 3.57%
38% 51 $4,265,000 $83,627 $0 3.68%
44% 49 $3,405,000 $69,490 $0 3.69%
43% 46 $3,350,000 $72,826 $0 3.81%
40% 42 $3,050,000 $72,619 $0 3.68%
36% 42 $3,330,000 $79,286 $0 3.79%
41% 40 $3,620,000 $90,500 $0 3.74%
42% 39 $2,725,000 $69,872 $0 3.86%
>60% 33 $2,745,000 $83,182 $0 3.29%
45% 30 $2,130,000 $71,000 $0 3.69%
46% 29 $2,265,000 $78,103 $0 3.67%
48% 29 $2,155,000 $74,310 $0 3.66%
47% 27 $2,295,000 $85,000 $0 3.77%
49% 24 $2,150,000 $89,583 $0 3.77%

Capital Communications Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 475 originations. The next most common DTI ratio? 30-36%, with 307 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,579 $138,275,000 $87,571 $0 3.54%
Not applicable 50 $94,400,000 $1,888,000 $0 4.18%
Not provided 144 $12,960,000 $90,000 $0 3.57%
Asian 47 $4,665,000 $99,255 $0 3.59%
Black 45 $3,185,000 $70,778 $0 3.54%
American Indian 10 $550,000 $55,000 $0 3.49%
Native Hawaiian 2 $210,000 $105,000 $0 3.62%
Asian Indian 1 $155,000 $155,000 $0 4.25%

Approval Rates

Total approvals of all applications
92.90%

Capital Communications Federal Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
81.52%

Capital Communications Federal Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,878 $254,400,000 $135,463

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,878 $254,400,000 $135,463

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 568 $49,080,000 $86,408 $0 3.58%
40-60% 251 $40,675,000 $162,052 $0 3.24%
60-80% 253 $92,625,000 $366,107 $0 3.35%
80-100% 60 $31,520,000 $525,333 $0 3.76%
Over 100% 1 $1,805,000 $1,805,000 $0 4.50%
Under 20% 745 $38,695,000 $51,940 $0 3.72%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%