# WASHINGTON STATE EMPLOYEES CREDIT UNION > **Canonical URL:** https://saferate.com/lenders/washington-state-employees-credit-union > **πŸ“‹ 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 WASHINGTON STATE EMPLOYEES CREDIT UNION is a credit union, headquartered in OLYMPIA, WA, serving borrowers across 3 states, with 294 loans originated in the most recent reporting period. **At a Glance:** - **Pricing:** Ranks in the top 63% of lenders for competitive rates - **Approval Rate:** Ranks in the top 60% for loan approval success ## Overview - **Institution Type:** Credit Union - **LEI (Legal Entity Identifier):** 5493000FWM3I2HHQY149 - **Headquarters:** OLYMPIA, WA - **Geographic Reach:** Regional - **States Served:** 3 - **State List:** ID, OR, WA - **Markets (MSAs):** 6 - **Primary Channel:** Direct to Consumer - **Direct Origination:** 100% - **Brokered/Wholesale:** 0% ## Safe Rate Ratings ### Pricing: Acceptable πŸ™‚ - Score: 37/100 - Rating: ●●○○○ (2/5) ### Pull Through: Acceptable πŸ™‚ - Score: 40/100 - Rating: ●●○○○ (2/5) ### Pricing Details - **Average Rate Spread:** +0.334% - *(Average of lender's APR minus market average APR)* - **Average Net Fees:** $1,686 - *(Borrower paid Origination Charges minus Lender Credits)* ### Lending Volume - **Total Loans:** 294 - **Dollar Volume:** $127 million - **Applications Received:** 598 - **Market Share:** 1.00% ## Typical Borrower Profile - **Average Loan Amount:** $430,782 - **Average Borrower Income:** $161,595 - **Average Property Value:** $625,959 ## Safe Rate Awards πŸ† - ⭐ **FHA Gold Superstar** (64%) ## Performance by Loan Product | Product | Score | Volume | Avg Spread | Avg Fees | Rating | |---------|-------|--------|------------|----------|--------| | Conventional | 58/100 | 224 | +0.413% | $1,486 | Sound ☺️ | | FHA | 63/100 | 44 | +0.133% | $2,905 | Strong πŸ˜€ | | Jumbo | 64/100 | 19 | +0.106% | $803 | Strong πŸ˜€ | ### Product Performance by Purpose **Conventional:** - Purchase: 160 loans, Score: 54/100 (Sound) - Refinance: 64 loans, Score: 63/100 (Strong) **FHA:** - Purchase: 31 loans, Score: 56/100 (Sound) ## Performance by Loan Purpose | Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating | |---------|-------|--------|---------------|------------|--------| | Purchase | 54/100 | 211 | $100M | +0.279% | Sound ☺️ | | Refinance | 64/100 | 83 | $26M | +0.486% | Strong πŸ˜€ | ## State Performance | State | Volume | Market Share | Place Score | |-------|--------|--------------|-------------| | WA | 287 | 0.34% | 82/100 | ## Top Metro Markets (MSAs) | Market | State | Volume | Place Score | |--------|-------|--------|-------------| | Olympia | WA | 71 | 83/100 | | Non | | 57 | 48/100 | | Seattle | WA | 51 | 64/100 | | Tacoma | WA | 33 | 64/100 | | Spokane | WA | 32 | 64/100 | | Yakima, WA | WA | 15 | 52/100 | ## Where This Lender Ranks WASHINGTON STATE EMPLOYEES CREDIT UNION appears in the following market rankings: ### Best Overall Mortgage Lenders - πŸ₯‡ **#1** in Spokane for FHA Loans (Credit Unions) - [View Full Rankings](https://saferate.com/spokane/best-mortgage-lenders/credit-unions/fha-loans) - πŸ₯ˆ **#2** in Tacoma for FHA Loans (Credit Unions) - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/credit-unions/fha-loans) - πŸ₯‰ **#3** in Washington for FHA Loans (Credit Unions) - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/credit-unions/fha-loans) - πŸ† **#4** in Olympia Credit Unions - [View Full Rankings](https://saferate.com/olympia/best-mortgage-lenders/credit-unions) - πŸ† **#4** in Olympia for Conventional Loans (Credit Unions) - [View Full Rankings](https://saferate.com/olympia/best-mortgage-lenders/credit-unions/conventional-loans) - πŸ† **#4** in Olympia for FHA Loans - [View Full Rankings](https://saferate.com/olympia/best-mortgage-lenders/fha-loans) - πŸ† **#4** in Yakima, WA for Conventional Loans (Credit Unions) - [View Full Rankings](https://saferate.com/yakima-wa/best-mortgage-lenders/credit-unions/conventional-loans) - πŸ† **#5** in Washington for VA Loans (Credit Unions) - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/credit-unions/va-loans) - πŸ† **#5** in Seattle Credit Unions - [View Full Rankings](https://saferate.com/seattle/best-mortgage-lenders/credit-unions) - πŸ† **#5** in Seattle for Conventional Loans (Credit Unions) - [View Full Rankings](https://saferate.com/seattle/best-mortgage-lenders/credit-unions/conventional-loans) - πŸ† **#5** in Seattle for Jumbo Loans (Credit Unions) - [View Full Rankings](https://saferate.com/seattle/best-mortgage-lenders/credit-unions/jumbo-loans) - πŸ† **#5** in Tacoma Credit Unions - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/credit-unions) - πŸ† **#5** in Tacoma for Conventional Loans (Credit Unions) - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/credit-unions/conventional-loans) - πŸ† **#7** in Spokane Credit Unions - [View Full Rankings](https://saferate.com/spokane/best-mortgage-lenders/credit-unions) - πŸ† **#7** in Spokane for Conventional Loans (Credit Unions) - [View Full Rankings](https://saferate.com/spokane/best-mortgage-lenders/credit-unions/conventional-loans) - πŸ† **#8** in Washington for Jumbo Loans (Credit Unions) - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/credit-unions/jumbo-loans) - πŸ† **#9** in Washington Credit Unions - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/credit-unions) - πŸ† **#9** in Washington for Conventional Loans (Credit Unions) - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/credit-unions/conventional-loans) - πŸ† **#9** in Yakima, WA for FHA Loans - [View Full Rankings](https://saferate.com/yakima-wa/best-mortgage-lenders/fha-loans) - πŸ† **#14** in Spokane for FHA Loans - [View Full Rankings](https://saferate.com/spokane/best-mortgage-lenders/fha-loans) ## Frequently Asked Questions ### What loan types does WASHINGTON STATE EMPLOYEES CREDIT UNION offer? WASHINGTON STATE EMPLOYEES CREDIT UNION offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis. ### Where does WASHINGTON STATE EMPLOYEES CREDIT UNION offer mortgages? WASHINGTON STATE EMPLOYEES CREDIT UNION offers mortgages in 3 states: ID, OR, WA. ### How competitive are WASHINGTON STATE EMPLOYEES CREDIT UNION's mortgage rates? WASHINGTON STATE EMPLOYEES CREDIT UNION has a pricing score of 37/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks. Their average rate spread is 0.334% above market average. ### What type of lender is WASHINGTON STATE EMPLOYEES CREDIT UNION? WASHINGTON STATE EMPLOYEES CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in OLYMPIA, WA. ### What is WASHINGTON STATE EMPLOYEES CREDIT UNION's loan approval success rate? WASHINGTON STATE EMPLOYEES CREDIT UNION has a pull-through score of 40/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process. --- ## 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/washington-state-employees-credit-union ### How to Cite > "WASHINGTON STATE EMPLOYEES CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/washington-state-employees-credit-union --- **[View Interactive Profile β†’](https://saferate.com/lenders/washington-state-employees-credit-union)**