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STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED

Credit Union|Linthicum, MD|Multi-Region
Loans Originated
767
Applications
1,171
Volume
$383 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Strong
Overall Pull Through
Sound
Safe Rate Awards💎Jumbo ChampionConventional SuperstarFHA SuperstarPurchase SuperstarRefinance Superstar

Pricing and Pullthrough Overview

Average Rate Spread
-0.364%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,188
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
65.5%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Offers rates 36.40 basis points below market average
  • Lower than average lender fees
  • Particularly strong in Conventional and FHA and Jumbo loans

Report Card

STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
StrongHighly Competitive
Pull Through
Closing Strength
SoundIndustry Standard
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
FHA
StrongHighly Competitive
Jumbo
ExceptionalMarket Leader
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Refinance
StrongHighly Competitive
Places
Geographic coverage
StrongMulti-Regional · 8 metro areas · 6 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$500,359
Average Borrower Income
$206,089
Average Property Value
$667,073

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Strong
59477.4%-0.355%$1,262
FHA Loans
Strong
Strong
Strong
Sound
607.8%+0.442%$1,982
Jumbo Loans
Exceptional
Exceptional
Exceptional
Strong
10814.1%-0.820%$286

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Sound
58275.9%-0.365%$1,403
Refinance
Strong
Strong
Exceptional
Sound
18524.1%-0.359%$521

Geographic Coverage

Metro Areas
7
States Served
6
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

DCDEMDPAVAWV

Top Metro Areas by Place Specialization Score

1
Baltimore, MDMSA
Volume: 344Mix: 44.85%
Place Specialization
Exceptional
2
Frederick, MDMSA
Volume: 123Mix: 16.04%
Place Specialization
Exceptional
3
Salisbury, MD, MDMSA
Volume: 35Mix: 4.56%
Place Specialization
Exceptional
4
Washington, DC, DC-MDMSA
Volume: 63Mix: 8.21%
Place Specialization
Strong
5
Arlington, VA-WVMSA
Volume: 72Mix: 9.39%
Place Specialization
Strong
6
Hagerstown, MD-WVMSA
Volume: 20Mix: 2.61%
Place Specialization
Sound
7
Montgomery County, PAMSA
Volume: 12Mix: 1.56%
Place Specialization
Sound

Top States by Place Specialization Score

1
MDState
Volume: 609Mix: 79.40%
Place Specialization
Exceptional
2
VAState
Volume: 81Mix: 10.56%
Place Specialization
Strong
3
DCState
Volume: 22Mix: 2.87%
Place Specialization
Sound
4
PAState
Volume: 30Mix: 3.91%
Place Specialization
Sound
5
DEState
Volume: 16Mix: 2.09%
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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