# Education Credit Union

> **Canonical URL:** https://saferate.com/lenders/education-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Education Credit Union is a credit union, headquartered in Amarillo, TX, with 141 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 26% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 14% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300VG0KDMI6ULUX54
- **Headquarters:** Amarillo, TX
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** TX
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 86/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.611%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $437
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 141
- **Dollar Volume:** $21 million
- **Applications Received:** 170
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $147,908
- **Average Borrower Income:** $88,184
- **Average Property Value:** $245,071

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 58/100 | 141 | +0.611% | $437 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 28 loans, Score: 33/100 (Acceptable)
- Refinance: 113 loans, Score: 74/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 32/100 | 28 | $6M | +0.666% | Acceptable 🙂 |
| Refinance | 73/100 | 113 | $14M | +0.593% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TX | 141 | 0.04% | 68/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Amarillo, TX | TX | 121 | 81/100 |
| Non |  | 17 | 32/100 |

## Where This Lender Ranks

Education Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Amarillo, TX Credit Unions
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Amarillo, TX for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in Amarillo, TX
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders)
- 🏆 **#4** in Amarillo, TX for Conventional Loans
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Education Credit Union offer?

Education Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Education Credit Union offer mortgages?

Education Credit Union offers mortgages in 1 states: TX.

### How competitive are Education Credit Union's mortgage rates?

Education Credit Union has a pricing score of 74/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.611% above market average.

### What type of lender is Education Credit Union?

Education Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Amarillo, TX.

### What is Education Credit Union's loan approval success rate?

Education Credit Union has a pull-through score of 86/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/education-credit-union

### How to Cite

> "Education Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/education-credit-union

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