CO-OP Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
82nd3.3% deniedPricingmedian rate spread over APOR, weight 30%
28th0.51 ptsProcesswithdrawn + incomplete share, weight 15%
75th6.1%Closing coststotal loan costs ÷ loan amount, weight 10%
86th0.95% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 412 | 371 | 3.9% | 4.1% | 6.50% | $57M |
| 2024 | 383 | 342 | 5.2% | 5.5% | 6.78% | $51M |
| 2025 | 426 | 387 | 3.1% | 3.3% | 6.55% | $71M |
What CO-OP Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1 home-equity lines, 0 reverse mortgages, 32 manufactured homes, 49 investment properties.
Why CO-OP Credit Union denies applications
Primary reason reported for each of the 13 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at CO-OP Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 56 | 49 | 7.6% |
| $50k – $100k | 139 | 121 | 4.0% |
| $100k – $150k | 79 | 73 | 2.7% |
| $150k – $250k | 63 | 57 | 1.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 29 | 28 | 0.0% |
| 25–34 | 93 | 85 | 2.3% |
| 35–44 | 82 | 78 | 3.7% |
| 45–54 | 76 | 71 | 2.7% |
| 55–64 | 61 | 49 | 9.3% |
| 65–74 | 39 | 35 | 0.0% |
Where CO-OP Credit Union lends
4 states and 34 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Wisconsin | 413 | 374 | 3.2% | 6.55% | #96 |
Frequently asked questions
CO-OP Credit Union denied 3.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 82nd percentile of small mortgage lenders.
The most common reason CO-OP Credit Union gave in 2025 was "debt-to-income ratio", cited on 46.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans CO-OP Credit Union originated in 2025 was 6.55%, and its median rate spread over the average prime offer rate was 0.51 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 38% of its applications were for home purchases, 41% for refinancing (including cash-out), and 21% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.