# MICHIGAN STATE UNIVERSITY Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/michigan-state-university-federal-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

MICHIGAN STATE UNIVERSITY Federal Credit Union is a credit union, headquartered in East Lansing, MI, serving borrowers across 17 states, with 926 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 30% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 35% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 54930053SM8COVIPIY54
- **Headquarters:** East Lansing, MI
- **Geographic Reach:** Multi-Region
- **States Served:** 17
- **State List:** AZ, CO, FL, GA, IL, IN, KY, MI, MN, NC, OH, OR, PA, SC, TN, WA, WI
- **Markets (MSAs):** 11
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 65/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.257%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,228
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 926
- **Dollar Volume:** $256 million
- **Applications Received:** 1,424
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $276,102
- **Average Borrower Income:** $153,410

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 78/100 | 906 | +0.257% | $1,227 | Strong 😀 |
| Jumbo | 67/100 | 20 | +0.274% | $1,320 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 753 loans, Score: 77/100 (Strong)
- Refinance: 153 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 75/100 | 770 | $224M | +0.275% | Strong 😀 |
| Refinance | 73/100 | 156 | $32M | +0.175% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 841 | 0.74% | 85/100 |
| IL | 17 | 0.01% | 42/100 |
| FL | 14 | 0.00% | 36/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Lansing | MI | 412 | 96/100 |
| Non |  | 134 | 56/100 |
| Warren | MI | 116 | 68/100 |
| Grand Rapids | MI | 68 | 62/100 |
| Detroit | MI | 26 | 52/100 |
| Traverse City, MI | MI | 22 | 56/100 |
| Chicago | IL | 13 | 41/100 |
| Jackson, MI | MI | 13 | 50/100 |
| Ann Arbor, MI | MI | 12 | 45/100 |
| Flint, MI | MI | 12 | 44/100 |
| Battle Creek, MI | MI | 10 | 42/100 |

## Frequently Asked Questions

### What loan types does MICHIGAN STATE UNIVERSITY Federal Credit Union offer?

MICHIGAN STATE UNIVERSITY Federal Credit Union offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MICHIGAN STATE UNIVERSITY Federal Credit Union offer mortgages?

MICHIGAN STATE UNIVERSITY Federal Credit Union offers mortgages in 17 states: AZ, CO, FL, GA, IL, IN, KY, MI, MN, NC, OH, OR, PA, SC, TN, WA, WI.

### How competitive are MICHIGAN STATE UNIVERSITY Federal Credit Union's mortgage rates?

MICHIGAN STATE UNIVERSITY Federal Credit Union has a pricing score of 70/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.257% above market average.

### What type of lender is MICHIGAN STATE UNIVERSITY Federal Credit Union?

MICHIGAN STATE UNIVERSITY Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in East Lansing, MI.

### What is MICHIGAN STATE UNIVERSITY Federal Credit Union's loan approval success rate?

MICHIGAN STATE UNIVERSITY Federal Credit Union has a pull-through score of 65/100 (Strong). 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/michigan-state-university-federal-credit-union

### How to Cite

> "MICHIGAN STATE UNIVERSITY Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/michigan-state-university-federal-credit-union

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