# FINANCIAL PLUS CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/financial-plus-credit-union-mi

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

FINANCIAL PLUS CREDIT UNION is a credit union, headquartered in Flint, MI, with 150 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 11% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 54% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 5493009YUAJW70SG7L54
- **Headquarters:** Flint, MI
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** MI
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 89/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 46/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.238%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $167
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 150
- **Dollar Volume:** $22 million
- **Applications Received:** 229
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $143,333
- **Average Borrower Income:** $80,320

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **Purchase Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 51/100 | 137 | +0.260% | $197 | Sound ☺️ |
| FHA | 50/100 | 13 | +0.033% | $-112 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 100 loans, Score: 47/100 (Sound)
- Refinance: 37 loans, Score: 55/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 49/100 | 113 | $17M | +0.204% | Sound ☺️ |
| Refinance | 53/100 | 37 | $4M | +0.373% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 150 | 0.13% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Flint, MI | MI | 50 | 72/100 |
| Saginaw, MI | MI | 39 | 72/100 |
| Bay City, MI | MI | 22 | 64/100 |
| Warren | MI | 16 | 50/100 |
| Non |  | 14 | 29/100 |

## Frequently Asked Questions

### What loan types does FINANCIAL PLUS CREDIT UNION offer?

FINANCIAL PLUS CREDIT UNION offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does FINANCIAL PLUS CREDIT UNION offer mortgages?

FINANCIAL PLUS CREDIT UNION offers mortgages in 1 states: MI.

### How competitive are FINANCIAL PLUS CREDIT UNION's mortgage rates?

FINANCIAL PLUS CREDIT UNION has a pricing score of 89/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.238% above market average.

### What type of lender is FINANCIAL PLUS CREDIT UNION?

FINANCIAL PLUS CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Flint, MI.

### What is FINANCIAL PLUS CREDIT UNION's loan approval success rate?

FINANCIAL PLUS CREDIT UNION has a pull-through score of 46/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/financial-plus-credit-union-mi

### How to Cite

> "FINANCIAL PLUS CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/financial-plus-credit-union-mi

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