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CHEVRON Federal Credit Union

Credit Union|Oakland, CA|Near-National
Loans Originated
519
Applications
715
Volume
$262 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Strong
Overall Pull Through
Sound
Safe Rate AwardsConventional SuperstarJumbo SuperstarPurchase Superstar

Pricing and Pullthrough Overview

Average Rate Spread
-0.063%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$738
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.6%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Offers rates 6.30 basis points below market average
  • Lower than average lender fees
  • Particularly strong in Conventional and Jumbo loans
  • Nationwide availability with consistent service

Report Card

CHEVRON Federal Credit Union performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
StrongHighly Competitive
Pull Through
Closing Strength
SoundIndustry Standard
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
Jumbo
StrongHighly Competitive
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Refinance
AcceptableNear industry average
Places
Geographic coverage
SoundNear-National · 7 metro areas · 36 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$505,135
Average Borrower Income
$235,674
Average Property Value
$751,378

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Sound
44786.1%-0.044%$781
Jumbo Loans
Strong
Strong
Exceptional
Strong
7213.9%-0.177%$476

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Sound
47791.9%-0.073%$758
Refinance
Sound
Acceptable
Strong
Acceptable
428.1%+0.057%$492

Geographic Coverage

Metro Areas
6
States Served
36
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

AKALARAZCACOFLGAIAIDILKSKYLAMAMDMEMIMSNCNENHNMNVOHOKORTNTXUTVAVTWAWIWVWY

Top Metro Areas by Place Specialization Score

1
Houston, TXMSA
Volume: 163Mix: 31.41%
Place Specialization
Strong
2
Midland, TX, TXMSA
Volume: 44Mix: 8.48%
Place Specialization
Strong
3
Oakland, CAMSA
Volume: 47Mix: 9.06%
Place Specialization
Strong
4
Gulfport, MSMSA
Volume: 15Mix: 2.89%
Place Specialization
Sound
5
Denver, COMSA
Volume: 17Mix: 3.28%
Place Specialization
Sound
6
Slidell, LAMSA
Volume: 11Mix: 2.12%
Place Specialization
Sound

Top States by Place Specialization Score

1
TXState
Volume: 230Mix: 44.32%
Place Specialization
Strong
2
CAState
Volume: 108Mix: 20.81%
Place Specialization
Sound
3
COState
Volume: 33Mix: 6.36%
Place Specialization
Sound
4
LAState
Volume: 26Mix: 5.01%
Place Specialization
Sound
5
MSState
Volume: 19Mix: 3.66%
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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