# TEG Federal Credit Union

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


TEG Federal Credit Union is a credit union, headquartered in Poughkeepsie, NY, serving borrowers across 4 states, with 143 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 13% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 27% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900MWCJLSHMSYCL19
- **Headquarters:** Poughkeepsie, NY
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** CT, FL, NJ, NY
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 87/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.126%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $-18
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 143
- **Dollar Volume:** $54 million
- **Applications Received:** 177
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $380,175
- **Average Borrower Income:** $166,587
- **Average Property Value:** $497,378

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (71%)
- ⭐ **Purchase Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 51/100 | 143 | +0.126% | $-18 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 138 loans, Score: 53/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 52/100 | 138 | $52M | +0.140% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 139 | 0.12% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Kiryas Joel | NY | 115 | 86/100 |
| New York | NY-NJ | 10 | 44/100 |

## Where This Lender Ranks

TEG Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Kiryas Joel Credit Unions
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Kiryas Joel for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Kiryas Joel
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders)
- 🏆 **#5** in Kiryas Joel for Conventional Loans
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does TEG Federal Credit Union offer?

TEG Federal 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 TEG Federal Credit Union offer mortgages?

TEG Federal Credit Union offers mortgages in 4 states: CT, FL, NJ, NY.

### How competitive are TEG Federal Credit Union's mortgage rates?

TEG Federal Credit Union has a pricing score of 87/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.126% above market average.

### What type of lender is TEG Federal Credit Union?

TEG Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Poughkeepsie, NY.

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

TEG Federal Credit Union has a pull-through score of 73/100 (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/teg-federal-credit-union

### How to Cite

> "TEG Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/teg-federal-credit-union

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