# State Employees Credit Union

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


State Employees Credit Union is a credit union, headquartered in Santa Fe, NM, with 65 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 71% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 67% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300248R1MFWPWXA09
- **Headquarters:** Santa Fe, NM
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** NM
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 29/100
- Rating: ●●○○○ (2/5)

### Pull Through: Acceptable 🙂
- Score: 33/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.664%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $904
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 65
- **Dollar Volume:** $12 million
- **Applications Received:** 111
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $179,615
- **Average Borrower Income:** $109,354
- **Average Property Value:** $338,385

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 44/100 | 65 | +0.664% | $904 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 22 loans, Score: 29/100 (Acceptable)
- Refinance: 43 loans, Score: 61/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 30/100 | 22 | $5M | +0.555% | Acceptable 🙂 |
| Refinance | 60/100 | 43 | $7M | +0.712% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NM | 65 | 0.32% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Santa Fe, NM | NM | 30 | 80/100 |
| Albuquerque, NM | NM | 18 | 55/100 |
| Non |  | 15 | 33/100 |

## Where This Lender Ranks

State Employees Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#4** in Santa Fe, NM Credit Unions
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/credit-unions)
- 🏆 **#4** in Santa Fe, NM for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#7** in New Mexico Credit Unions
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/credit-unions)
- 🏆 **#7** in New Mexico for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#17** in Santa Fe, NM
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does State Employees Credit Union offer?

State Employees 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 State Employees Credit Union offer mortgages?

State Employees Credit Union offers mortgages in 1 states: NM.

### How competitive are State Employees Credit Union's mortgage rates?

State Employees Credit Union has a pricing score of 29/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.664% above market average.

### What type of lender is State Employees Credit Union?

State Employees Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Santa Fe, NM.

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

State Employees Credit Union has a pull-through score of 33/100 (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/state-employees-credit-union

### How to Cite

> "State Employees Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/state-employees-credit-union

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