# FINANCIAL PLUS CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/financial-plus-credit-union-ia


> **📋 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


FINANCIAL PLUS CREDIT UNION is a credit union, headquartered in West Des Moines, IA, with 48 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 10% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 62% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300WQC1VYOW0EW528
- **Headquarters:** West Des Moines, IA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** IA
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 90/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 38/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.501%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $762
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 48
- **Dollar Volume:** $8 million
- **Applications Received:** 50
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $166,458
- **Average Borrower Income:** $130,500
- **Average Property Value:** $277,553

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 30/100 | 48 | -0.501% | $762 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 25 loans, Score: 24/100 (Acceptable)
- Refinance: 23 loans, Score: 43/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 25/100 | 25 | $5M | -0.589% | Acceptable 🙂 |
| Refinance | 43/100 | 23 | $3M | -0.391% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 48 | 0.14% | 63/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Des Moines | IA | 48 | 69/100 |

## Where This Lender Ranks

FINANCIAL PLUS CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#8** in Des Moines Credit Unions
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/credit-unions)
- 🏆 **#8** in Des Moines for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/credit-unions/conventional-loans)

## Frequently Asked Questions

### What loan types does FINANCIAL PLUS CREDIT UNION offer?

FINANCIAL PLUS 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 FINANCIAL PLUS CREDIT UNION offer mortgages?

FINANCIAL PLUS CREDIT UNION offers mortgages in 1 states: IA.

### How competitive are FINANCIAL PLUS CREDIT UNION's mortgage rates?

FINANCIAL PLUS CREDIT UNION has a pricing score of 90/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.501% below market average.

### What type of lender is FINANCIAL PLUS CREDIT UNION?

FINANCIAL PLUS CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in West Des Moines, IA.

### What is FINANCIAL PLUS CREDIT UNION's loan approval success rate?

FINANCIAL PLUS CREDIT UNION has a pull-through score of 38/100 (Acceptable). 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/financial-plus-credit-union-ia

### How to Cite

> "FINANCIAL PLUS CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/financial-plus-credit-union-ia

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