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Charter Oak Federal Credit Union
Credit Union|Waterford, CT|Regional
Loans Originated
185
Applications
256
Volume
$61 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.186%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
-$327
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 18.60 basis points below market average
- Lower than average lender fees
Report Card
Charter Oak Federal Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Regional · 4 metro areas · 2 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$333,595
Average Borrower Income
$156,043
Average Property Value
$487,919
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Sound | Exceptional | Strong | 177 | 95.7% | -0.179% | -$308 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Sound | Exceptional | Sound | 138 | 74.6% | -0.239% | -$413 |
Refinance | Strong | Sound | Exceptional | Strong | 47 | 25.4% | -0.034% | -$75 |
Geographic Coverage
Metro Areas
3
States Served
2
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
CTRI
Top Metro Areas by Place Specialization Score
1
Norwich, CTMSA
Volume: 81Mix: 43.78%
Place Specialization
Exceptional
2
Hartford, CTMSA
Volume: 72Mix: 38.92%
Place Specialization
Strong
3
Providence, RI-MAMSA
Volume: 10Mix: 5.41%
Place Specialization
Sound
Top States by Place Specialization Score
1
CTState
Volume: 175Mix: 94.59%
Place Specialization
Strong
2
RIState
Volume: 10Mix: 5.41%
Place Specialization
Sound
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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