# BEACON CREDIT UNION

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

BEACON CREDIT UNION is a credit union, headquartered in WABASH, IN, serving borrowers across 3 states, with 167 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 35% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 51% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300K0WZYZ4I41CZ29
- **Headquarters:** WABASH, IN
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** IN, MI, OH
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 65/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 49/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.257%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $665
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 167
- **Dollar Volume:** $27 million
- **Applications Received:** 245
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $161,587
- **Average Borrower Income:** $89,198

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 39/100 | 167 | +0.257% | $665 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 112 loans, Score: 37/100 (Acceptable)
- Refinance: 55 loans, Score: 49/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 37/100 | 112 | $20M | +0.136% | Acceptable 🙂 |
| Refinance | 46/100 | 55 | $7M | +0.508% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 165 | 0.18% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 142 | 65/100 |
| Fort Wayne, IN | IN | 14 | 49/100 |

## Frequently Asked Questions

### What loan types does BEACON CREDIT UNION offer?

BEACON 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 BEACON CREDIT UNION offer mortgages?

BEACON CREDIT UNION offers mortgages in 3 states: IN, MI, OH.

### How competitive are BEACON CREDIT UNION's mortgage rates?

BEACON CREDIT UNION has a pricing score of 65/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.257% above market average.

### What type of lender is BEACON CREDIT UNION?

BEACON CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in WABASH, IN.

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

BEACON CREDIT UNION has a pull-through score of 49/100 (Sound). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/beacon-credit-union

### How to Cite

> "BEACON CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/beacon-credit-union

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