# MAYO EMPLOYEES FEDERAL CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/mayo-employees-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


MAYO EMPLOYEES FEDERAL CREDIT UNION is a credit union, headquartered in Rochester, MN, serving borrowers across 12 states, with 129 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 60% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 59% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300QTN66CFMVWLH03
- **Headquarters:** Rochester, MN
- **Geographic Reach:** Multi-Region
- **States Served:** 12
- **State List:** AL, AZ, FL, GA, IA, IL, MA, MI, MN, TX, WA, WI
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 40/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 41/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.151%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,929
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 129
- **Dollar Volume:** $97 million
- **Applications Received:** 164
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $750,271
- **Average Borrower Income:** $440,473
- **Average Property Value:** $895,388

## Safe Rate Awards 🏆

- ⭐ **Jumbo Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 41/100 | 74 | -0.071% | $3,137 | Sound ☺️ |
| Jumbo | 78/100 | 55 | -0.222% | $4,631 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 64 loans, Score: 40/100 (Acceptable)

**Jumbo:**
- Purchase: 54 loans, Score: 79/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 49/100 | 118 | $94M | -0.146% | Sound ☺️ |
| Refinance | 21/100 | 11 | $2M | -0.375% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 65 | 0.10% | 64/100 |
| FL | 26 | 0.01% | 49/100 |
| AZ | 20 | 0.02% | 50/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Rochester, MN | MN | 46 | 73/100 |
| Jacksonville, FL | FL | 23 | 56/100 |
| Phoenix | AZ | 19 | 51/100 |
| Minneapolis | MN-WI | 13 | 46/100 |

## Where This Lender Ranks

MAYO EMPLOYEES FEDERAL CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Rochester, MN for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#5** in Rochester, MN for Jumbo Loans
  - [View Full Rankings](https://saferate.com/rochester-mn/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does MAYO EMPLOYEES FEDERAL CREDIT UNION offer?

MAYO EMPLOYEES FEDERAL CREDIT UNION offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MAYO EMPLOYEES FEDERAL CREDIT UNION offer mortgages?

MAYO EMPLOYEES FEDERAL CREDIT UNION offers mortgages in 12 states: AL, AZ, FL, GA, IA, IL, MA, MI, MN, TX, WA, WI.

### How competitive are MAYO EMPLOYEES FEDERAL CREDIT UNION's mortgage rates?

MAYO EMPLOYEES FEDERAL CREDIT UNION has a pricing score of 40/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.151% below market average.

### What type of lender is MAYO EMPLOYEES FEDERAL CREDIT UNION?

MAYO EMPLOYEES FEDERAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Rochester, MN.

### What is MAYO EMPLOYEES FEDERAL CREDIT UNION's loan approval success rate?

MAYO EMPLOYEES FEDERAL CREDIT UNION has a pull-through score of 41/100 (Sound). 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/mayo-employees-federal-credit-union

### How to Cite

> "MAYO EMPLOYEES FEDERAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/mayo-employees-federal-credit-union

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