# TEACHERS FEDERAL CREDIT UNION

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


TEACHERS FEDERAL CREDIT UNION is a credit union, headquartered in Hauppauge, NY, serving borrowers across 30 states, with 787 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 32% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300R8VPSFM828B312
- **Headquarters:** Hauppauge, NY
- **Geographic Reach:** Near-National
- **States Served:** 30
- **State List:** AL, AZ, CA, CO, CT, DC, FL, GA, HI, IL, IN, MA, MD, ME, MI, MN, MS, NC, NJ, NV, NY, OH, PA, SC, SD, TN, TX, VA, WA, WV
- **Markets (MSAs):** 6
- **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: 68/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.218%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $824
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 787
- **Dollar Volume:** $309 million
- **Applications Received:** 1,198
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $392,370
- **Average Borrower Income:** $176,291
- **Average Property Value:** $742,230

## Safe Rate Awards 🏆

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

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 68/100 | 737 | +0.240% | $857 | Strong 😀 |
| Jumbo | 70/100 | 49 | -0.092% | $351 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 339 loans, Score: 56/100 (Sound)
- Refinance: 398 loans, Score: 80/100 (Strong)

**Jumbo:**
- Purchase: 42 loans, Score: 71/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 56/100 | 382 | $213M | +0.042% | Sound ☺️ |
| Refinance | 79/100 | 405 | $96M | +0.414% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 599 | 0.53% | 83/100 |
| CA | 66 | 0.02% | 53/100 |
| FL | 39 | 0.01% | 47/100 |
| NJ | 14 | 0.02% | 42/100 |
| PA | 11 | 0.01% | 37/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Nassau County | NY | 509 | 90/100 |
| New York | NY-NJ | 76 | 63/100 |
| Oakland | CA | 22 | 51/100 |
| Non |  | 18 | 26/100 |
| Anaheim | CA | 17 | 47/100 |
| Los Angeles | CA | 12 | 41/100 |

## Where This Lender Ranks

TEACHERS FEDERAL CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Nassau County Credit Unions
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Nassau County for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Nassau County
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders)
- 🥈 **#2** in Nassau County for Conventional Loans
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Nassau County for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥉 **#3** in New York Credit Unions
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in New York for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#5** in New York for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🏆 **#13** in New York
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders)
- 🏆 **#13** in New York for Conventional Loans
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/conventional-loans)
- 🏆 **#19** in Nassau County for Jumbo Loans
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does TEACHERS FEDERAL CREDIT UNION offer?

TEACHERS 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 TEACHERS FEDERAL CREDIT UNION offer mortgages?

TEACHERS FEDERAL CREDIT UNION offers mortgages in 30 states: AL, AZ, CA, CO, CT, DC, FL, GA, HI, IL, IN, MA, MD, ME, MI, MN, MS, NC, NJ, NV, NY, OH, PA, SC, SD, TN, TX, VA, WA, WV.

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

TEACHERS 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 0.218% above market average.

### What type of lender is TEACHERS FEDERAL CREDIT UNION?

TEACHERS FEDERAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Hauppauge, NY.

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

TEACHERS FEDERAL CREDIT UNION has a pull-through score of 68/100 (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/teachers-federal-credit-union

### How to Cite

> "TEACHERS FEDERAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/teachers-federal-credit-union

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