# WHATCOM EDUCATIONAL CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/whatcom-educational-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

WHATCOM EDUCATIONAL CREDIT UNION is a credit union, headquartered in Bellingham, WA, with 208 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 42% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 34% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 5493003Q3L1PO9NBVK64
- **Headquarters:** Bellingham, WA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** WA
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 66/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.136%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,482
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 208
- **Dollar Volume:** $105 million
- **Applications Received:** 326
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $502,500
- **Average Borrower Income:** $186,659

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Jumbo Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 173 | +0.181% | $1,574 | Strong 😀 |
| Jumbo | 73/100 | 27 | +0.044% | $344 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 153 loans, Score: 62/100 (Strong)
- Refinance: 20 loans, Score: 49/100 (Sound)

**Jumbo:**
- Purchase: 21 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 62/100 | 179 | $90M | +0.131% | Strong 😀 |
| Refinance | 55/100 | 29 | $14M | +0.166% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WA | 207 | 0.24% | 79/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Bellingham, WA | WA | 175 | 100/100 |
| Mount Vernon | WA | 14 | 59/100 |

## Frequently Asked Questions

### What loan types does WHATCOM EDUCATIONAL CREDIT UNION offer?

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

### Where does WHATCOM EDUCATIONAL CREDIT UNION offer mortgages?

WHATCOM EDUCATIONAL CREDIT UNION offers mortgages in 1 states: WA.

### How competitive are WHATCOM EDUCATIONAL CREDIT UNION's mortgage rates?

WHATCOM EDUCATIONAL CREDIT UNION has a pricing score of 58/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.136% above market average.

### What type of lender is WHATCOM EDUCATIONAL CREDIT UNION?

WHATCOM EDUCATIONAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Bellingham, WA.

### What is WHATCOM EDUCATIONAL CREDIT UNION's loan approval success rate?

WHATCOM EDUCATIONAL CREDIT UNION has a pull-through score of 66/100 (Strong). 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/whatcom-educational-credit-union

### How to Cite

> "WHATCOM EDUCATIONAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/whatcom-educational-credit-union

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