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Boeing Employees Credit Union

Credit UnionTukwila, WADirect to Consumer

We analyzed every closed loan from Boeing Employees Credit Union 2.7k loans across 4k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Strong
vs. all lenders
Pull Through
Sound
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo
Place
Strong
Multi-Region · 15 mkts
Safe Rate AwardsConventional SuperstarJumbo SuperstarPurchase SuperstarRefinance Superstar

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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

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Report Card

Boeing Employees Credit Union performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Highly Competitive
Rates 2.5 bps below market avg
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Sound
Industry Standard
Top 60% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
Jumbo
Exceptional
Market Leader
Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Multi-Regional16 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Sound
1,95173.5%
+0.005%Above
$954Fees
FHA Loans
Sound
Sound
Strong
Sound
210.8%
+0.305%Above
$2,269Fees
VA Loans
Sound
Strong
Sound
250.9%
-0.181%Below
$340Fees
Jumbo Loans
Strong
Exceptional
Strong
Strong
65724.8%
-0.134%Below
$395Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Sound
2,34888.5%
-0.035%Below
$975Fees
Refinance
Strong
Strong
Strong
Strong
30611.5%
+0.050%Above
$214Credit

At a Glance

Lender Overview

Lending Activity
Loans Originated
2,654
Applications
4,467
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
-0.025%
vs. market APOR
Avg Net Fees
$833
Origination − Credits
Pullthrough Rate
59.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$702,913
Avg Borrower Income
$213,959
Avg Property Value
$998,018

Geographic Coverage

Geographic Performance

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%of portfolio
Place
Exceptional
2
Everett, WA, WAMSA
Volume: 456Mix: 17.18%of portfolio
Place
Exceptional
3
Tacoma, WAMSA
Volume: 246Mix: 9.27%of portfolio
Place
Exceptional
4
Mount Vernon, WAMSA
Volume: 42Mix: 1.58%of portfolio
Place
Exceptional
5
Spokane, WAMSA
Volume: 108Mix: 4.07%of portfolio
Place
Strong
6
Bremerton, WAMSA
Volume: 54Mix: 2.03%of portfolio
Place
Strong
7
Coeur d'Alene, ID, IDMSA
Volume: 59Mix: 2.22%of portfolio
Place
Strong
8
Olympia, WAMSA
Volume: 48Mix: 1.81%of portfolio
Place
Strong
9
Bellingham, WA, WAMSA
Volume: 39Mix: 1.47%of portfolio
Place
Strong
10
Wenatchee, WAMSA
Volume: 25Mix: 0.94%of portfolio
Place
Strong
Showing 10 of 15 metro areas

Top States by Place Specialization Score

1
WAState
Volume: 2,369Mix: 89.26%of portfolio
Place
Exceptional
2
IDState
Volume: 86Mix: 3.24%of portfolio
Place
Strong
3
ORState
Volume: 62Mix: 2.34%of portfolio
Place
Sound
4
AZState
Volume: 51Mix: 1.92%of portfolio
Place
Sound
5
CAState
Volume: 44Mix: 1.66%of portfolio
Place
Sound
6
SCState
Volume: 16Mix: 0.60%of portfolio
Place
Sound
7
MOState
Volume: 14Mix: 0.53%of portfolio
Place
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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.