# PREFERRED CREDIT UNION

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

PREFERRED CREDIT UNION is a credit union, headquartered in Grand Rapids, MI, with 27 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 25% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 73% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900DOBILWQF3MQ479
- **Headquarters:** Grand Rapids, MI
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** MI
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 27/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.175%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $718
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 27
- **Dollar Volume:** $5 million
- **Applications Received:** 56
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $171,296
- **Average Borrower Income:** $94,296

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 19/100 | 26 | +0.145% | $655 | Mediocre 😐 |

### Product Performance by Purpose

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 18/100 | 13 | $3M | +0.148% | Mediocre 😐 |
| Refinance | 23/100 | 14 | $2M | +0.204% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 27 | 0.02% | 58/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Grand Rapids | MI | 19 | 56/100 |

## Frequently Asked Questions

### What loan types does PREFERRED CREDIT UNION offer?

PREFERRED 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 PREFERRED CREDIT UNION offer mortgages?

PREFERRED CREDIT UNION offers mortgages in 1 states: MI.

### How competitive are PREFERRED CREDIT UNION's mortgage rates?

PREFERRED CREDIT UNION has a pricing score of 75/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.175% above market average.

### What type of lender is PREFERRED CREDIT UNION?

PREFERRED CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Grand Rapids, MI.

### What is PREFERRED CREDIT UNION's loan approval success rate?

PREFERRED CREDIT UNION has a pull-through score of 27/100 (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/preferred-credit-union

### How to Cite

> "PREFERRED CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/preferred-credit-union

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