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COVANTAGE CREDIT UNION
Credit Union|Antigo, WI|Multi-Region
Loans Originated
1,547
Applications
2,701
Volume
$298 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards💎Refinance Champion⭐Conventional Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.104%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$746
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
57.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
Report Card
COVANTAGE CREDIT UNION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | Multi-Regional · 7 metro areas · 6 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$193,119
Average Borrower Income
$98,833
Average Property Value
$271,317
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Strong | Strong | 1,542 | 99.7% | +0.104% | $746 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Sound | Sound | 1,004 | 64.9% | +0.030% | $825 |
Refinance | Exceptional | Exceptional | Strong | Exceptional | 543 | 35.1% | +0.168% | $678 |
Geographic Coverage
Metro Areas
6
States Served
6
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZFLILMIMNWI
Top Metro Areas by Place Specialization Score
1
Wausau, WI, WIMSA
Volume: 365Mix: 23.59%
Place Specialization
Exceptional
2
Green Bay, WI, WIMSA
Volume: 101Mix: 6.53%
Place Specialization
Exceptional
3
Appleton, WI, WIMSA
Volume: 74Mix: 4.78%
Place Specialization
Strong
4
Oshkosh, WIMSA
Volume: 42Mix: 2.71%
Place Specialization
Strong
5
Chicago, ILMSA
Volume: 18Mix: 1.16%
Place Specialization
Sound
6
Milwaukee, WIMSA
Volume: 14Mix: 0.90%
Place Specialization
Sound
Top States by Place Specialization Score
1
WIState
Volume: 1,307Mix: 84.49%
Place Specialization
Exceptional
2
MIState
Volume: 109Mix: 7.05%
Place Specialization
Strong
3
ILState
Volume: 21Mix: 1.36%
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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