# Heritage Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/heritage-federal-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


Heritage Federal Credit Union is a credit union, headquartered in Newburgh, IN, serving borrowers across 3 states, with 301 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 38% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 22% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900YPMNKIA6O0HC78
- **Headquarters:** Newburgh, IN
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** IL, IN, KY
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 62/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 78/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.382%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $593
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 301
- **Dollar Volume:** $59 million
- **Applications Received:** 403
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $194,601
- **Average Borrower Income:** $93,379
- **Average Property Value:** $261,545

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 68/100 | 297 | +0.385% | $593 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 191 loans, Score: 63/100 (Strong)
- Refinance: 106 loans, Score: 73/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 61/100 | 193 | $41M | +0.371% | Strong 😀 |
| Refinance | 72/100 | 108 | $17M | +0.403% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 267 | 0.29% | 77/100 |
| KY | 32 | 0.07% | 55/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Evansville, IN | IN | 229 | 88/100 |
| Non |  | 57 | 48/100 |
| Owensboro, KY | KY | 12 | 49/100 |

## Where This Lender Ranks

Heritage Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Evansville, IN
  - [View Full Rankings](https://saferate.com/evansville-in/best-mortgage-lenders)
- 🥈 **#2** in Evansville, IN for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/evansville-in/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in Owensboro, KY for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/owensboro-ky/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Evansville, IN for Conventional Loans
  - [View Full Rankings](https://saferate.com/evansville-in/best-mortgage-lenders/conventional-loans)
- 🏆 **#9** in Owensboro, KY for Conventional Loans
  - [View Full Rankings](https://saferate.com/owensboro-ky/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Indiana Credit Unions
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/credit-unions)
- 🏆 **#11** in Indiana for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/credit-unions/conventional-loans)

## Frequently Asked Questions

### What loan types does Heritage Federal Credit Union offer?

Heritage Federal 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 Heritage Federal Credit Union offer mortgages?

Heritage Federal Credit Union offers mortgages in 3 states: IL, IN, KY.

### How competitive are Heritage Federal Credit Union's mortgage rates?

Heritage Federal Credit Union has a pricing score of 62/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.382% above market average.

### What type of lender is Heritage Federal Credit Union?

Heritage Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Newburgh, IN.

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

Heritage Federal Credit Union has a pull-through score of 78/100 (Strong). 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/heritage-federal-credit-union

### How to Cite

> "Heritage Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/heritage-federal-credit-union

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