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State Employees Credit Union
Credit Union|Santa Fe, NM|Single State
Loans Originated
65
Applications
111
Volume
$11 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Acceptable
Pricing and Pullthrough Overview
Average Rate Spread
+0.664%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$904
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
58.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
Things to Think About
- Rates typically 66 basis points above market average
- Pull through efficiency is below industry average
Report Card
State Employees Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Acceptable | Near industry average | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Acceptable | Near industry average | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Single State · 3 metro areas · 1 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$179,615
Average Borrower Income
$109,354
Average Property Value
$338,385
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Acceptable | Sound | 65 | 100.0% | +0.664% | $904 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Acceptable | N/A | Acceptable | 22 | 33.8% | +0.555% | $1,292 |
Refinance | Strong | Strong | N/A | Exceptional | 43 | 66.2% | +0.712% | $732 |
Geographic Coverage
Metro Areas
2
States Served
1
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
NM
Top Metro Areas by Place Specialization Score
1
Santa Fe, NM, NMMSA
Volume: 30Mix: 46.15%
Place Specialization
Exceptional
2
Albuquerque, NM, NMMSA
Volume: 18Mix: 27.69%
Place Specialization
Sound
Top States by Place Specialization Score
1
NMState
Volume: 65Mix: 100.00%
Place Specialization
Strong
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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