# MY Credit Union

> **Canonical URL:** https://saferate.com/lenders/my-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

MY Credit Union is a credit union, headquartered in Bloomington, MN, serving borrowers across 2 states, with 34 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 41% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 55% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900WAOJC0EM7P8C35
- **Headquarters:** Bloomington, MN
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** MN, WI
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 59/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 45/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.007%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,056
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 34
- **Dollar Volume:** $9 million
- **Applications Received:** 42
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $252,647
- **Average Borrower Income:** $103,441

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 20/100 | 34 | +0.007% | $2,056 | Mediocre 😐 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 26 loans, Score: 20/100 (Mediocre)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 21/100 | 26 | $7M | -0.027% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 33 | 0.05% | 60/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Minneapolis | MN-WI | 32 | 61/100 |

## Frequently Asked Questions

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

MY 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 MY Credit Union offer mortgages?

MY Credit Union offers mortgages in 2 states: MN, WI.

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

MY Credit Union has a pricing score of 59/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.007% above market average.

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

MY Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Bloomington, MN.

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

MY Credit Union has a pull-through score of 45/100 (Sound). 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/my-credit-union

### How to Cite

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

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