Capital Communications Federal Credit Union Mortgage Rates, Fees & Info
Albany, NYLEI: 549300RUF3KS47ETXV22
Tax ID: 14-1407700
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Capital Communications Federal Credit Union is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Refi loans. Capital Communications Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Ogdensburg, Buffalo, Boston, and New York among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Capital Communications Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
1,145Origination Dollar Volume (All Markets)
$167,125,000Top 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 |
|---|---|---|---|---|---|
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 961 | $113,835,000 | $118,455 | $0 | 3.62% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $16,755,000 | $16,755,000 | $0 | 3.95% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 9 | $11,825,000 | $1,313,889 | $0 | 3.64% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $6,605,000 | $6,605,000 | $0 | 4.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 38 | $5,190,000 | $136,579 | $0 | 3.44% |
| Outside of Metro Areas | 29 | $2,775,000 | $95,690 | $0 | 3.39% |
| Hudson, NY (FHA|USDA|VA) | 21 | $2,535,000 | $120,714 | $0 | 3.65% |
| GLENS FALLS, NY (FHA|USDA|VA) | 28 | $2,080,000 | $74,286 | $0 | 3.41% |
| Gloversville, NY (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $0 | 3.61% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 11 | $1,035,000 | $94,091 | $0 | 3.70% |
| KINGSTON, NY (FHA|USDA|VA) | 9 | $985,000 | $109,444 | $0 | 3.35% |
| Amsterdam, NY (FHA|USDA|VA) | 8 | $550,000 | $68,750 | $0 | 3.67% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 3.17% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 3.63% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.75% |
| UTICA-ROME, NY (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 4.00% |
| Oneonta, NY (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 3.43% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 3.38% |
| Malone, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.88% |
| Auburn, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| Cortland, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.13% |
| Olean, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.50% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.63% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,131 | $104,625,000 | $92,507 | n/a | 3.59% |
| Conventional | 14 | $62,500,000 | $4,464,286 | $0 | 4.11% |
For 2022, Capital Communications Federal Credit Union's most frequently originated type of loan was HELOC, with 1,131 originations. Their 2nd most popular type was Conventional, with 14 originations.
Loan Reason
For 2022, Capital Communications Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 544 originations. The 2nd most popular reason was Cash Out Refi, with 367 originations.
Loan Duration/Length
For 2022, Capital Communications Federal Credit Union's most frequently cited loan duration was 20 Year, with 394 originations. The 2nd most popular length was 10 Year, with 377 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 746 | $121,290,000 | $162,587 |
| 4-5% | 227 | $28,445,000 | $125,308 |
| 2.5-3% | 153 | $15,425,000 | $100,817 |
| <2.5% | 19 | $1,965,000 | $103,421 |
During 2022, Capital Communications Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 746 originations.
Loan Sizing
2022 saw Capital Communications Federal Credit Union place emphasis on $100,000 or less loans with 719 originations, totaling $38,595,000 in origination value.
Applicant Income
Capital Communications Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 299 originations. The second most popular income band? $50k-75k, with 237 originations.
Applicant Debt to Income Ratio
Capital Communications Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 296 originations. The next most common DTI ratio? <20%, with 207 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.75%
Capital Communications Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination81.22%
Capital Communications Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,145 | $167,125,000 | $145,961 |