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Municipal Credit Union
Credit Union|New York, NY|Regional
Loans Originated
323
Applications
601
Volume
$167 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Jumbo Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.268%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$490
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
53.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 26.80 basis points below market average
- Lower than average lender fees
Report Card
Municipal 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 | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Regional · 7 metro areas · 4 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$519,520
Average Borrower Income
$216,139
Average Property Value
$768,065
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Exceptional | Acceptable | 301 | 93.2% | -0.260% | $475 |
Jumbo Loans | Strong | Strong | Strong | Strong | 22 | 6.8% | -0.387% | $713 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Exceptional | Acceptable | 283 | 87.6% | -0.283% | $550 |
Refinance | Sound | Sound | Exceptional | Acceptable | 40 | 12.4% | -0.156% | $73 |
Geographic Coverage
Metro Areas
6
States Served
4
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CTNJNYPA
Top Metro Areas by Place Specialization Score
1
New York, NY-NJMSA
Volume: 176Mix: 54.49%
Place Specialization
Strong
2
Nassau County, NYMSA
Volume: 46Mix: 14.24%
Place Specialization
Strong
3
Kiryas Joel, NYMSA
Volume: 20Mix: 6.19%
Place Specialization
Sound
4
Newark, NJ, NJMSA
Volume: 21Mix: 6.50%
Place Specialization
Sound
5
Lakewood, NJMSA
Volume: 16Mix: 4.95%
Place Specialization
Sound
6
Bridgeport, CTMSA
Volume: 13Mix: 4.02%
Place Specialization
Sound
Top States by Place Specialization Score
1
NYState
Volume: 238Mix: 73.68%
Place Specialization
Strong
2
NJState
Volume: 58Mix: 17.96%
Place Specialization
Strong
3
CTState
Volume: 17Mix: 5.26%
Place Specialization
Sound
4
PAState
Volume: 10Mix: 3.10%
Place Specialization
Acceptable
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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