# WASHINGTON STATE EMPLOYEES CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/washington-state-employees-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

WASHINGTON STATE EMPLOYEES CREDIT UNION is a credit union, headquartered in OLYMPIA, WA, serving borrowers across 3 states, with 294 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 63% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 60% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 5493000FWM3I2HHQY149
- **Headquarters:** OLYMPIA, WA
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** ID, OR, WA
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 37/100
- Rating: ●●○○○ (2/5)

### Pull Through: Acceptable 🙂
- Score: 40/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.334%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,686
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 294
- **Dollar Volume:** $127 million
- **Applications Received:** 598
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $430,782
- **Average Borrower Income:** $161,595

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 58/100 | 224 | +0.413% | $1,486 | Sound ☺️ |
| FHA | 63/100 | 44 | +0.133% | $2,905 | Strong 😀 |
| Jumbo | 64/100 | 19 | +0.106% | $803 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 160 loans, Score: 54/100 (Sound)
- Refinance: 64 loans, Score: 63/100 (Strong)

**FHA:**
- Purchase: 31 loans, Score: 56/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 54/100 | 211 | $100M | +0.279% | Sound ☺️ |
| Refinance | 64/100 | 83 | $26M | +0.486% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WA | 287 | 0.34% | 82/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Olympia | WA | 71 | 83/100 |
| Non |  | 57 | 48/100 |
| Seattle | WA | 51 | 64/100 |
| Tacoma | WA | 33 | 64/100 |
| Spokane | WA | 32 | 64/100 |
| Yakima, WA | WA | 15 | 52/100 |

## Frequently Asked Questions

### What loan types does WASHINGTON STATE EMPLOYEES CREDIT UNION offer?

WASHINGTON STATE EMPLOYEES CREDIT UNION offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does WASHINGTON STATE EMPLOYEES CREDIT UNION offer mortgages?

WASHINGTON STATE EMPLOYEES CREDIT UNION offers mortgages in 3 states: ID, OR, WA.

### How competitive are WASHINGTON STATE EMPLOYEES CREDIT UNION's mortgage rates?

WASHINGTON STATE EMPLOYEES CREDIT UNION has a pricing score of 37/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.334% above market average.

### What type of lender is WASHINGTON STATE EMPLOYEES CREDIT UNION?

WASHINGTON STATE EMPLOYEES CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in OLYMPIA, WA.

### What is WASHINGTON STATE EMPLOYEES CREDIT UNION's loan approval success rate?

WASHINGTON STATE EMPLOYEES CREDIT UNION has a pull-through score of 40/100 (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/washington-state-employees-credit-union

### How to Cite

> "WASHINGTON STATE EMPLOYEES CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/washington-state-employees-credit-union

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