# SKYLA FEDERAL CREDIT UNION

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

SKYLA FEDERAL CREDIT UNION is a credit union, headquartered in Charlotte, NC, serving borrowers across 5 states, with 254 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 48% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 53% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300WMQ4WI6QXK7803
- **Headquarters:** Charlotte, NC
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** AZ, GA, NC, SC, VA
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 47/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.204%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,242
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 254
- **Dollar Volume:** $86 million
- **Applications Received:** 442
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $337,205
- **Average Borrower Income:** $174,421

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 47/100 | 245 | -0.186% | $3,133 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 176 loans, Score: 45/100 (Sound)
- Refinance: 69 loans, Score: 55/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 44/100 | 181 | $61M | -0.215% | Sound ☺️ |
| Refinance | 52/100 | 73 | $25M | -0.168% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NC | 225 | 0.15% | 73/100 |
| SC | 25 | 0.03% | 52/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Charlotte | NC-SC | 182 | 81/100 |
| Non |  | 27 | 36/100 |
| Greensboro | NC | 11 | 47/100 |

## Frequently Asked Questions

### What loan types does SKYLA FEDERAL CREDIT UNION offer?

SKYLA FEDERAL 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 SKYLA FEDERAL CREDIT UNION offer mortgages?

SKYLA FEDERAL CREDIT UNION offers mortgages in 5 states: AZ, GA, NC, SC, VA.

### How competitive are SKYLA FEDERAL CREDIT UNION's mortgage rates?

SKYLA FEDERAL CREDIT UNION has a pricing score of 52/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.204% below market average.

### What type of lender is SKYLA FEDERAL CREDIT UNION?

SKYLA FEDERAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Charlotte, NC.

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

SKYLA FEDERAL CREDIT UNION has a pull-through score of 47/100 (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/skyla-federal-credit-union

### How to Cite

> "SKYLA FEDERAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/skyla-federal-credit-union

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