# SOUTH METRO FEDERAL CREDIT UNION

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

SOUTH METRO FEDERAL CREDIT UNION is a credit union, headquartered in Prior Lake, MN, serving borrowers across 3 states, with 51 loans originated in the most recent reporting period.

**At a Glance:**
- **Approval Rate:** Ranks in the top 55% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900NRU0TO5WZHHH62
- **Headquarters:** Prior Lake, MN
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** MI, MN, NE
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

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


### Lending Volume
- **Total Loans:** 51
- **Dollar Volume:** $6 million
- **Applications Received:** 63
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $112,843
- **Average Borrower Income:** $102,588

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 28/100 | 51 | - | - | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 44 loans, Score: 27/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 28/100 | 44 | $5M | - | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 20 | 0.03% | 53/100 |
| NE | 19 | 0.09% | 55/100 |
| MI | 12 | 0.01% | 47/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Minneapolis | MN-WI | 19 | 53/100 |
| Omaha, NE | NE-IA | 19 | 56/100 |
| Ann Arbor, MI | MI | 12 | 55/100 |

## Frequently Asked Questions

### What loan types does SOUTH METRO FEDERAL CREDIT UNION offer?

SOUTH METRO 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 SOUTH METRO FEDERAL CREDIT UNION offer mortgages?

SOUTH METRO FEDERAL CREDIT UNION offers mortgages in 3 states: MI, MN, NE.

### What type of lender is SOUTH METRO FEDERAL CREDIT UNION?

SOUTH METRO FEDERAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Prior Lake, MN.

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

SOUTH METRO FEDERAL 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/south-metro-federal-credit-union

### How to Cite

> "SOUTH METRO FEDERAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/south-metro-federal-credit-union

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