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Summit Credit Union
Credit Union|Cottage Grove, WI|Multi-Region
Loans Originated
2,485
Applications
4,100
Volume
$783 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards💎Conventional Champion💎Refinance Champion⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.080%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$55
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
60.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 8.00 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Report Card
Summit Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | Multi-Regional · 14 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$315,451
Average Borrower Income
$144,631
Average Property Value
$431,974
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Exceptional | Exceptional | Strong | 2,428 | 97.7% | -0.078% | $57 |
Jumbo Loans | Strong | Strong | N/A | Strong | 57 | 2.3% | -0.468% | -$447 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Exceptional | Sound | 1,883 | 75.8% | -0.082% | -$58 |
Refinance | Exceptional | Exceptional | Exceptional | Strong | 602 | 24.2% | -0.075% | $325 |
Geographic Coverage
Metro Areas
13
States Served
7
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCOFLILMIMNWI
Top Metro Areas by Place Specialization Score
1
Madison, WI, WIMSA
Volume: 1,027Mix: 41.33%
Place Specialization
Exceptional
2
Janesville, WIMSA
Volume: 149Mix: 6.00%
Place Specialization
Exceptional
3
Milwaukee, WIMSA
Volume: 505Mix: 20.32%
Place Specialization
Exceptional
4
Fond du Lac, WI, WIMSA
Volume: 33Mix: 1.33%
Place Specialization
Strong
5
Racine, WIMSA
Volume: 39Mix: 1.57%
Place Specialization
Strong
6
Sheboygan, WI, WIMSA
Volume: 27Mix: 1.09%
Place Specialization
Strong
7
Green Bay, WI, WIMSA
Volume: 20Mix: 0.80%
Place Specialization
Sound
8
Kenosha, WI, WIMSA
Volume: 16Mix: 0.64%
Place Specialization
Sound
9
Appleton, WI, WIMSA
Volume: 18Mix: 0.72%
Place Specialization
Sound
10
Wausau, WI, WIMSA
Volume: 15Mix: 0.60%
Place Specialization
Sound
Showing 10 of 13 metro areas
Top States by Place Specialization Score
1
WIState
Volume: 2,419Mix: 97.34%
Place Specialization
Exceptional
2
ILState
Volume: 29Mix: 1.17%
Place Specialization
Sound
3
MNState
Volume: 14Mix: 0.56%
Place Specialization
Sound
4
FLState
Volume: 10Mix: 0.40%
Place Specialization
Acceptable
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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