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Municipal Credit Union

Credit Union•New York, NYHQ•Direct•Reviews near you on Google

Municipal Credit Union has 323 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
Conventional · Jumbo
Place
Sound
3/5
Regional · 6 mkts
Safe Rate Awards
Jumbo Superstar
Jumbo
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 26.80 basis points below market average
  • Lower than average lender fees

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Report Card

Municipal Credit Union performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 26.8 bps below market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 7 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Exceptional
Pull Through
Acceptable
Volume301
Mix93.2%
Spread
-0.260%Below
Fees
$475Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume22
Mix6.8%
Spread
-0.387%Below
Fees
$713Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Exceptional
Pull Through
Acceptable
Volume283
Mix87.6%
Spread
-0.283%Below
Fees
$550Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Exceptional
Pull Through
Acceptable
Volume40
Mix12.4%
Spread
-0.156%Below
Fees
$73Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
323
Applications
601
Volume
$167 million
Pricing & Closing
Avg Rate Spread
-0.268%
vs. market APOR
Avg Net Fees
$490
Origination − Credits
Pullthrough Rate
53.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$519,520
Avg Borrower Income
$216,139
Avg Property Value
$768,065

Geographic Coverage

Geographic Performance

Metro Areas
6
markets with activity
States Served
4
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

4
4 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast4
CTNJNYPA

Top Metro Areas by Place Specialization Score

1© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 176Mix 54.49% of portfolio
77/100
Strong
2© Dicklyon · CC BY-SA 4.0
Nassau County, NYMetro
Volume 46Mix 14.24% of portfolio
61/100
Strong
3© Juliancolton · Public domain
Kiryas Joel, NYMetro
Volume 20Mix 6.19% of portfolio
54/100
Sound
4© Gamezilla2019 · CC BY 4.0
Newark, NJMetro
Volume 21Mix 6.50% of portfolio
53/100
Sound
5© Mr. Matté · CC BY-SA 4.0
Lakewood, NJMetro
Volume 16Mix 4.95% of portfolio
48/100
Sound
6© Quintin Soloviev · CC BY 4.0
Bridgeport, CTMetro
Volume 13Mix 4.02% of portfolio
47/100
Sound

Top States by Place Specialization Score

New York
New York
1
New YorkState
Volume 238Mix 73.68% of portfolio
75/100
Strong
New Jersey
New Jersey
2
New JerseyState
Volume 58Mix 17.96% of portfolio
62/100
Strong
Connecticut
Connecticut
3
ConnecticutState
Volume 17Mix 5.26% of portfolio
47/100
Sound
Pennsylvania
Pennsylvania
4
PennsylvaniaState
Volume 10Mix 3.10% of portfolio
38/100
Acceptable

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.