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SOUTH CAROLINA FEDERAL CREDIT UNION

Credit Union|North Charleston, SC|Multi-Region
Loans Originated
390
Applications
540
Volume
$181 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate AwardsJumbo SuperstarRefinance Superstar

Pricing and Pullthrough Overview

Average Rate Spread
+0.061%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,349
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.2%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and Jumbo loans

Things to Think About

  • Pricing may be below industry average

Report Card

SOUTH CAROLINA FEDERAL CREDIT UNION performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
AcceptableNear industry average
Pull Through
Closing Strength
StrongHighly Competitive
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
Jumbo
StrongHighly Competitive
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
SoundIndustry Standard
Refinance
StrongHighly Competitive
Places
Geographic coverage
SoundMulti-Regional · 8 metro areas · 8 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$466,564
Average Borrower Income
$182,467
Average Property Value
$658,385

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Strong
Acceptable
Strong
32984.4%+0.092%$3,280
Jumbo Loans
Strong
Strong
Sound
Strong
6115.6%-0.252%$4,048

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Sound
Acceptable
Sound
27169.5%+0.061%$3,510
Refinance
Strong
Strong
Sound
Strong
11930.5%+0.061%$3,024

Geographic Coverage

Metro Areas
7
States Served
8
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

FLGAINMONCSCTNVA

Top Metro Areas by Place Specialization Score

1
Charleston, SCMSA
Volume: 249Mix: 63.85%
Place Specialization
Exceptional
2
Columbia, SC, SCMSA
Volume: 30Mix: 7.69%
Place Specialization
Sound
3
Myrtle Beach, SCMSA
Volume: 18Mix: 4.62%
Place Specialization
Sound
4
Greenville, SCMSA
Volume: 18Mix: 4.62%
Place Specialization
Sound
5
Spartanburg, SC, SCMSA
Volume: 12Mix: 3.08%
Place Specialization
Sound
6
Charlotte, NC-SCMSA
Volume: 14Mix: 3.59%
Place Specialization
Sound
7
Florence, SC, SCMSA
Volume: 10Mix: 2.56%
Place Specialization
Sound

Top States by Place Specialization Score

1
SCState
Volume: 358Mix: 91.79%
Place Specialization
Exceptional
2
NCState
Volume: 18Mix: 4.62%
Place Specialization
Sound

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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