# Widget Federal Credit Union

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


Widget Federal Credit Union is a credit union, headquartered in Erie, PA, with 40 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 72% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 2549008YEXLNFKLF7548
- **Headquarters:** Erie, PA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** PA
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

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

### Pull Through: Acceptable 🙂
- Score: 28/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.106%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $685
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 40
- **Dollar Volume:** $6 million
- **Applications Received:** 75
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $154,750
- **Average Borrower Income:** $94,850
- **Average Property Value:** $225,500

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 39/100 | 40 | -0.106% | $685 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 26 loans, Score: 34/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 35/100 | 26 | $5M | -0.067% | Acceptable 🙂 |
| Refinance | 43/100 | 14 | $2M | -0.168% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| PA | 40 | 0.03% | 62/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Erie, PA | PA | 39 | 71/100 |

## Where This Lender Ranks

Widget Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Erie, PA for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/erie-pa/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#11** in Erie, PA
  - [View Full Rankings](https://saferate.com/erie-pa/best-mortgage-lenders)

## Frequently Asked Questions

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

Widget 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 Widget Federal Credit Union offer mortgages?

Widget Federal Credit Union offers mortgages in 1 states: PA.

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

Widget 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 0.106% below market average.

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

Widget Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Erie, PA.

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

Widget Federal Credit Union has a pull-through score of 28/100 (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/widget-federal-credit-union

### How to Cite

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

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