# Municipal Credit Union

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


Municipal Credit Union is a credit union, headquartered in New York, NY, serving borrowers across 4 states, with 323 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 5% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 58% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 2549006T9J2DMLJVRS64
- **Headquarters:** New York, NY
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** CT, NJ, NY, PA
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 93.3%
- **Brokered/Wholesale:** 6.7%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 95/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.268%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $490
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 323
- **Dollar Volume:** $168 million
- **Applications Received:** 601
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $519,520
- **Average Borrower Income:** $216,139
- **Average Property Value:** $768,065

## Safe Rate Awards 🏆

- ⭐ **Jumbo Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 47/100 | 301 | -0.260% | $475 | Sound ☺️ |
| Jumbo | 66/100 | 22 | -0.387% | $713 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 267 loans, Score: 49/100 (Sound)
- Refinance: 34 loans, Score: 41/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 48/100 | 283 | $147M | -0.283% | Sound ☺️ |
| Refinance | 41/100 | 40 | $21M | -0.156% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 238 | 0.21% | 75/100 |
| NJ | 58 | 0.07% | 62/100 |
| CT | 17 | 0.05% | 47/100 |
| PA | 10 | 0.01% | 38/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New York | NY-NJ | 176 | 77/100 |
| Nassau County | NY | 46 | 61/100 |
| Newark, NJ | NJ | 21 | 53/100 |
| Kiryas Joel | NY | 20 | 54/100 |
| Lakewood | NJ | 16 | 48/100 |
| Bridgeport | CT | 13 | 47/100 |
| Non |  | 11 | 23/100 |

## Where This Lender Ranks

Municipal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in New York Credit Unions
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in New York for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🏆 **#4** in New York for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Kiryas Joel Credit Unions
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders/credit-unions)
- 🏆 **#5** in Kiryas Joel for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#8** in New York Credit Unions
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions)
- 🏆 **#10** in New York for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#18** in New York
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders)
- 🏆 **#20** in New York for Jumbo Loans
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

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

Municipal 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 Municipal Credit Union offer mortgages?

Municipal Credit Union offers mortgages in 4 states: CT, NJ, NY, PA.

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

Municipal Credit Union has a pricing score of 95/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.268% below market average.

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

Municipal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in New York, NY.

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

Municipal Credit Union has a pull-through score of 42/100 (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/municipal-credit-union

### How to Cite

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

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