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STATE EMPLOYEES'
Credit Union|Raleigh, NC|Regional
Loans Originated
9,700
Applications
14,645
Volume
$2 billion
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards💎Jumbo Champion⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.740%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,198
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
66.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 74.00 basis points below market average
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Report Card
STATE EMPLOYEES' performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | Regional · 23 metro areas · 5 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$284,868
Average Borrower Income
$119,224
Average Property Value
$364,292
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Strong | Strong | 9,542 | 98.4% | -0.732% | $2,192 |
Jumbo Loans | Exceptional | Exceptional | Exceptional | Strong | 158 | 1.6% | -1.142% | $2,494 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 7,653 | 78.9% | -0.756% | $2,188 |
Refinance | Strong | Exceptional | Strong | Strong | 2,047 | 21.1% | -0.694% | $2,227 |
Geographic Coverage
Metro Areas
22
States Served
5
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
GANCSCTNVA
Top Metro Areas by Place Specialization Score
1
Raleigh, NCMSA
Volume: 1,402Mix: 14.45%
Place Specialization
Exceptional
2
Greensboro, NCMSA
Volume: 781Mix: 8.05%
Place Specialization
Exceptional
3
Winston, NCMSA
Volume: 633Mix: 6.53%
Place Specialization
Exceptional
4
Hickory, NCMSA
Volume: 579Mix: 5.97%
Place Specialization
Exceptional
5
Durham, NCMSA
Volume: 555Mix: 5.72%
Place Specialization
Exceptional
6
Burlington, NC, NCMSA
Volume: 258Mix: 2.66%
Place Specialization
Exceptional
7
Greenville, NC, NCMSA
Volume: 198Mix: 2.04%
Place Specialization
Exceptional
8
Rocky Mount, NC, NCMSA
Volume: 139Mix: 1.43%
Place Specialization
Exceptional
9
Wilmington, NC, NCMSA
Volume: 448Mix: 4.62%
Place Specialization
Exceptional
10
Goldsboro, NC, NCMSA
Volume: 134Mix: 1.38%
Place Specialization
Exceptional
Showing 10 of 22 metro areas
Top States by Place Specialization Score
1
NCState
Volume: 9,247Mix: 95.33%
Place Specialization
Exceptional
2
SCState
Volume: 250Mix: 2.58%
Place Specialization
Strong
3
VAState
Volume: 109Mix: 1.12%
Place Specialization
Sound
4
TNState
Volume: 48Mix: 0.49%
Place Specialization
Sound
5
GAState
Volume: 46Mix: 0.47%
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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