# LAFCU Credit Union

> **Canonical URL:** https://saferate.com/lenders/lafcu-credit-union

> **📋 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

LAFCU Credit Union is a credit union, headquartered in Lansing, MI, serving borrowers across 3 states, with 98 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 44% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 70% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 5493003KK3OFPYXHCI44
- **Headquarters:** Lansing, MI
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** AL, FL, MI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 30/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.254%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $844
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 98
- **Dollar Volume:** $17 million
- **Applications Received:** 168
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $170,510
- **Average Borrower Income:** $102,755

## Safe Rate Awards 🏆

- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 43/100 | 98 | +0.254% | $844 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 52 loans, Score: 35/100 (Acceptable)
- Refinance: 46 loans, Score: 58/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 36/100 | 52 | $11M | -0.005% | Acceptable 🙂 |
| Refinance | 56/100 | 46 | $6M | +0.554% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 96 | 0.08% | 68/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Lansing | MI | 62 | 73/100 |
| Non |  | 18 | 34/100 |

## Frequently Asked Questions

### What loan types does LAFCU Credit Union offer?

LAFCU Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does LAFCU Credit Union offer mortgages?

LAFCU Credit Union offers mortgages in 3 states: AL, FL, MI.

### How competitive are LAFCU Credit Union's mortgage rates?

LAFCU Credit Union has a pricing score of 56/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.254% above market average.

### What type of lender is LAFCU Credit Union?

LAFCU Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Lansing, MI.

### What is LAFCU Credit Union's loan approval success rate?

LAFCU Credit Union has a pull-through score of 30/100 (Acceptable). 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/lafcu-credit-union

### How to Cite

> "LAFCU Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/lafcu-credit-union

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