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INDIANA MEMBERS CREDIT UNION
Credit Union|Indianapolis, IN|Regional
Loans Originated
470
Applications
735
Volume
$121 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.274%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,093
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
63.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 27.40 basis points below market average
- Lower than average lender fees
- Particularly strong in Conventional and Jumbo loans
Report Card
INDIANA MEMBERS CREDIT UNION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
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 | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Regional · 3 metro areas · 2 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$258,553
Average Borrower Income
$132,536
Average Property Value
$371,106
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Exceptional | Sound | 444 | 94.5% | -0.283% | $1,079 |
FHA Loans | Acceptable | Sound | N/A | Acceptable | 13 | 2.8% | +0.530% | $1,020 |
Jumbo Loans | Strong | Strong | N/A | N/A | 13 | 2.8% | -0.950% | $1,758 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Sound | 343 | 73.0% | -0.318% | $1,168 |
Refinance | Strong | Strong | Exceptional | Sound | 127 | 27.0% | -0.146% | $874 |
Geographic Coverage
Metro Areas
2
States Served
2
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
INKY
Top Metro Areas by Place Specialization Score
1
Indianapolis, INMSA
Volume: 323Mix: 68.72%
Place Specialization
Exceptional
2
Evansville, IN, INMSA
Volume: 80Mix: 17.02%
Place Specialization
Strong
Top States by Place Specialization Score
1
INState
Volume: 466Mix: 99.15%
Place Specialization
Exceptional
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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