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Boeing Employees Credit Union
Credit Union|Tukwila, WA|Multi-Region
Loans Originated
2,654
Applications
4,467
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.025%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$833
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
59.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 2.50 basis points below market average
- Lower than average lender fees
- Particularly strong in Conventional and VA and Jumbo loans
Report Card
Boeing Employees Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
VA | Strong | Highly Competitive | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 16 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$702,913
Average Borrower Income
$213,959
Average Property Value
$998,018
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Sound | 1,951 | 73.5% | +0.005% | $954 |
FHA Loans | Sound | Sound | Strong | Sound | 21 | 0.8% | +0.305% | $2,269 |
VA Loans | Sound | Strong | N/A | Sound | 25 | 0.9% | -0.181% | $340 |
Jumbo Loans | Strong | Exceptional | Strong | Strong | 657 | 24.8% | -0.134% | $395 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Sound | 2,348 | 88.5% | -0.035% | $975 |
Refinance | Strong | Strong | Strong | Strong | 306 | 11.5% | +0.050% | -$214 |
Geographic Coverage
Metro Areas
15
States Served
10
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCAIDILKSMOORPASCWA
Top Metro Areas by Place Specialization Score
1
Seattle, WAMSA
Volume: 1,181Mix: 44.50%
Place Specialization
Exceptional
2
Everett, WA, WAMSA
Volume: 456Mix: 17.18%
Place Specialization
Exceptional
3
Tacoma, WAMSA
Volume: 246Mix: 9.27%
Place Specialization
Exceptional
4
Mount Vernon, WAMSA
Volume: 42Mix: 1.58%
Place Specialization
Exceptional
5
Spokane, WAMSA
Volume: 108Mix: 4.07%
Place Specialization
Strong
6
Bremerton, WAMSA
Volume: 54Mix: 2.03%
Place Specialization
Strong
7
Coeur d'Alene, ID, IDMSA
Volume: 59Mix: 2.22%
Place Specialization
Strong
8
Olympia, WAMSA
Volume: 48Mix: 1.81%
Place Specialization
Strong
9
Bellingham, WA, WAMSA
Volume: 39Mix: 1.47%
Place Specialization
Strong
10
Wenatchee, WAMSA
Volume: 25Mix: 0.94%
Place Specialization
Strong
Showing 10 of 15 metro areas
Top States by Place Specialization Score
1
WAState
Volume: 2,369Mix: 89.26%
Place Specialization
Exceptional
2
IDState
Volume: 86Mix: 3.24%
Place Specialization
Strong
3
ORState
Volume: 62Mix: 2.34%
Place Specialization
Sound
4
AZState
Volume: 51Mix: 1.92%
Place Specialization
Sound
5
CAState
Volume: 44Mix: 1.66%
Place Specialization
Sound
6
SCState
Volume: 16Mix: 0.60%
Place Specialization
Sound
7
MOState
Volume: 14Mix: 0.53%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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