# MEMBERS COOPERATIVE

> **Canonical URL:** https://saferate.com/lenders/members-cooperative


> **📋 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


MEMBERS COOPERATIVE is a credit union, headquartered in Duluth, MN, serving borrowers across 2 states, with 152 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 76% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 51% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300GS2JP8CQK0MD31
- **Headquarters:** Duluth, MN
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** MN, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 24/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 49/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.331%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,562
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 152
- **Dollar Volume:** $31 million
- **Applications Received:** 224
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $201,974
- **Average Borrower Income:** $96,842
- **Average Property Value:** $292,237

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 55/100 | 152 | +0.331% | $2,562 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 106 loans, Score: 51/100 (Sound)
- Refinance: 46 loans, Score: 59/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 50/100 | 106 | $23M | +0.364% | Sound ☺️ |
| Refinance | 58/100 | 46 | $8M | +0.243% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 138 | 0.21% | 72/100 |
| WI | 14 | 0.02% | 46/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Duluth, MN | MN-WI | 83 | 77/100 |
| Non |  | 58 | 51/100 |
| Minneapolis | MN-WI | 10 | 43/100 |

## Where This Lender Ranks

MEMBERS COOPERATIVE appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Duluth, MN Credit Unions
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders/credit-unions)
- 🏆 **#5** in Duluth, MN for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#12** in Minnesota Credit Unions
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/credit-unions)
- 🏆 **#12** in Minnesota for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#18** in Duluth, MN
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does MEMBERS COOPERATIVE offer?

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

### Where does MEMBERS COOPERATIVE offer mortgages?

MEMBERS COOPERATIVE offers mortgages in 2 states: MN, WI.

### How competitive are MEMBERS COOPERATIVE's mortgage rates?

MEMBERS COOPERATIVE has a pricing score of 24/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.331% above market average.

### What type of lender is MEMBERS COOPERATIVE?

MEMBERS COOPERATIVE is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Duluth, MN.

### What is MEMBERS COOPERATIVE's loan approval success rate?

MEMBERS COOPERATIVE has a pull-through score of 49/100 (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/members-cooperative

### How to Cite

> "MEMBERS COOPERATIVE Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/members-cooperative

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