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GREENSTATE Credit Union
Credit Union|North Liberty, IA|National
Loans Originated
7,061
Applications
9,013
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Exceptional
Safe Rate Awards💎Conventional Champion💎FHA Champion💎VA Champion💎Purchase Champion💎Refinance Champion⭐Jumbo Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.157%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$609
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
78.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 15.70 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Report Card
GREENSTATE Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 19 metro areas · 44 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$264,186
Average Borrower Income
$134,175
Average Property Value
$357,198
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Exceptional | Exceptional | Exceptional | 6,312 | 89.4% | -0.155% | $622 |
FHA Loans | Exceptional | Exceptional | Exceptional | Exceptional | 454 | 6.4% | +0.074% | $514 |
VA Loans | Exceptional | Exceptional | Exceptional | Exceptional | 223 | 3.2% | -0.711% | $500 |
Jumbo Loans | Strong | Strong | Strong | Sound | 53 | 0.8% | +0.109% | $223 |
USDA Loans | Strong | Strong | N/A | Strong | 19 | 0.3% | -0.291% | $597 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Exceptional | Exceptional | Exceptional | Strong | 5,937 | 84.1% | -0.157% | $697 |
Refinance | Exceptional | Exceptional | Exceptional | Strong | 1,124 | 15.9% | -0.153% | $166 |
Geographic Coverage
Metro Areas
18
States Served
44
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDEFLGAIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNYOHOKORPARISCSDTNTXVAWAWIWY
Top Metro Areas by Place Specialization Score
1
Des Moines, IAMSA
Volume: 1,317Mix: 18.65%
Place Specialization
Exceptional
2
Cedar Rapids, IA, IAMSA
Volume: 953Mix: 13.50%
Place Specialization
Exceptional
3
Rockford, IL, ILMSA
Volume: 503Mix: 7.12%
Place Specialization
Exceptional
4
Iowa City, IA, IAMSA
Volume: 738Mix: 10.45%
Place Specialization
Exceptional
5
Davenport, IA-ILMSA
Volume: 503Mix: 7.12%
Place Specialization
Exceptional
6
Waterloo, IAMSA
Volume: 435Mix: 6.16%
Place Specialization
Exceptional
7
Elgin, IL, ILMSA
Volume: 222Mix: 3.14%
Place Specialization
Exceptional
8
Chicago, ILMSA
Volume: 826Mix: 11.70%
Place Specialization
Exceptional
9
Dubuque, IA, IAMSA
Volume: 184Mix: 2.61%
Place Specialization
Exceptional
10
Lake County, IL, ILMSA
Volume: 125Mix: 1.77%
Place Specialization
Exceptional
Showing 10 of 18 metro areas
Top States by Place Specialization Score
1
IAState
Volume: 4,661Mix: 66.01%
Place Specialization
Exceptional
2
ILState
Volume: 2,002Mix: 28.35%
Place Specialization
Exceptional
3
WIState
Volume: 74Mix: 1.05%
Place Specialization
Sound
4
COState
Volume: 39Mix: 0.55%
Place Specialization
Sound
5
MNState
Volume: 26Mix: 0.37%
Place Specialization
Sound
6
MIState
Volume: 25Mix: 0.35%
Place Specialization
Sound
7
MOState
Volume: 22Mix: 0.31%
Place Specialization
Sound
8
FLState
Volume: 38Mix: 0.54%
Place Specialization
Sound
9
INState
Volume: 21Mix: 0.30%
Place Specialization
Sound
10
AZState
Volume: 16Mix: 0.23%
Place Specialization
Acceptable
Showing 10 of 13 states
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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