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Elements Financial Federal Credit Union
Credit Union|Indianapolis, IN|Near-National
Loans Originated
565
Applications
765
Volume
$195 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.096%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,125
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.9%
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
- Particularly strong in Conventional and Jumbo loans
- Nationwide availability with consistent service
Report Card
Elements Financial Federal Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 3 metro areas · 29 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$346,540
Average Borrower Income
$176,209
Average Property Value
$451,425
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Exceptional | Sound | 505 | 89.4% | +0.090% | $1,137 |
FHA Loans | Strong | Sound | Exceptional | Strong | 40 | 7.1% | +0.226% | $1,200 |
Jumbo Loans | Sound | Strong | N/A | Sound | 11 | 1.9% | +0.126% | $863 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Sound | 528 | 93.5% | +0.103% | $1,115 |
Refinance | Sound | Sound | Exceptional | Acceptable | 37 | 6.5% | -0.019% | $1,294 |
Geographic Coverage
Metro Areas
2
States Served
29
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Indianapolis, INMSA
Volume: 452Mix: 80.00%
Place Specialization
Exceptional
2
Bloomington, IN, INMSA
Volume: 12Mix: 2.12%
Place Specialization
Sound
Top States by Place Specialization Score
1
INState
Volume: 500Mix: 88.50%
Place Specialization
Exceptional
2
NCState
Volume: 10Mix: 1.77%
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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