Utilities Employees Credit Union Mortgage Rates, Fees & Info
Wyomissing, PALEI: 549300AX5UMUZ61L1X54
Tax ID: 23-1278971
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Utilities Employees Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Utilities Employees Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Reading, New York, Philadelphia, Allentown, and Pittsburgh among others. We have data for 114 markets. (Some data included below & more in-depth data is available with an active subscription.)Utilities Employees Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Utilities Employees Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.37% | 12/16/24 |
| 30 Year Conventional Refi | 6.41% | 12/16/24 |
| 30 Year Cash-out Refi | 6.87% | 12/16/24 |
| 15 Year Conventional Purchase | 5.33% | 12/16/24 |
| 15 Year Conventional Refi | 5.44% | 12/16/24 |
| 15 Year Cash-out Refi | 5.44% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Utilities Employees Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Utilities Employees Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
675Origination Dollar Volume (All Markets)
$74,625,000Relative Rate
Utilities Employees Credit Union's average 30 year fixed mortgage rate was
6.39%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
Utilities Employees Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,357.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| READING, PA (FHA|USDA|VA) | 130 | $11,860,000 | $91,231 | $599 | 6.92% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 75 | $9,835,000 | $131,133 | $863 | 6.94% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 38 | $4,830,000 | $127,105 | $1,279 | 6.77% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 31 | $3,735,000 | $120,484 | $1,226 | 6.81% |
| Outside of Metro Areas | 41 | $3,455,000 | $84,268 | $760 | 6.83% |
| PITTSBURGH, PA (FHA|USDA|VA) | 21 | $3,055,000 | $145,476 | $1,246 | 6.89% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 18 | $2,280,000 | $126,667 | $562 | 7.02% |
| COLUMBIA, SC (FHA|USDA|VA) | 28 | $2,220,000 | $79,286 | $808 | 6.95% |
| LANCASTER, PA (FHA|USDA|VA) | 22 | $1,830,000 | $83,182 | $209 | 7.29% |
| LEBANON, PA (FHA|USDA|VA) | 9 | $1,425,000 | $158,333 | $941 | 6.93% |
| BINGHAMTON, NY (FHA|USDA|VA) | 13 | $1,335,000 | $102,692 | $1,323 | 6.76% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $1,177 | 7.10% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $1,061 | 7.00% |
| ERIE, PA (FHA|USDA|VA) | 11 | $1,085,000 | $98,636 | $1,547 | 6.78% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $275 | 7.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $2,793 | 6.87% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $850 | 6.30% |
| Indiana, PA (FHA|USDA|VA) | 7 | $775,000 | $110,714 | $1,072 | 6.98% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,615 | 6.71% |
| Somerset, PA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $3,199 | 7.44% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $925 | 7.24% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $173 | 6.87% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 7.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $1,047 | 5.87% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,736 | 6.13% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,733 | 7.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $2,483 | 7.41% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $170 | 7.30% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $540,000 | $90,000 | $1,323 | 6.33% |
| Pottsville, PA (FHA|USDA|VA) | 6 | $540,000 | $90,000 | $824 | 6.49% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 8.25% |
| Plattsburgh, NY (FHA|USDA|VA) | 6 | $500,000 | $83,333 | $1,318 | 6.66% |
| ALTOONA, PA (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $163 | 6.99% |
| Sayre, PA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $2,782 | 6.87% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.50% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 8 | $460,000 | $57,500 | $124 | 6.84% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $1,616 | 6.31% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $445,000 | $49,444 | $355 | 7.10% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 7 | $415,000 | $59,286 | $1,431 | 6.80% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,501 | 7.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $700 | 7.18% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $1,487 | 7.40% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,379 | 6.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,375 | 5.68% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $105 | 7.62% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 5 | $335,000 | $67,000 | $651 | 6.74% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,510 | 5.75% |
| Sonora, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,654 | 6.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.75% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,711 | 6.63% |
| DuBois, PA (FHA|USDA|VA) | 6 | $270,000 | $45,000 | $0 | 6.66% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $619 | 7.33% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $858 | 6.16% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 7.37% |
| Hudson, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,639 | 5.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $32 | 7.37% |
| Auburn, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,775 | 6.74% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $400 | 6.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,430 | 7.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.13% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,169 | 5.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $154 | 6.74% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,976 | 6.12% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,027 | 5.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.74% |
| Meadville, PA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 6.62% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $825 | 5.49% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.75% |
| Lock Haven, PA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 6.74% |
| Oneonta, NY (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $488 | 6.37% |
| Olean, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,264 | 6.24% |
| Newberry, SC (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $650 | 7.83% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.24% |
| DOVER, DE (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.12% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.25% |
| Warren, PA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.49% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $439 | 6.75% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.25% |
| Sanford, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $863 | 5.99% |
| Jasper, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.24% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $515 | 6.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $308 | 6.24% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.24% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $699 | 6.49% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| Cortland, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $450 | 6.49% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $700 | 6.24% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $776 | 7.24% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.25% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.49% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.49% |
| New Castle, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $130 | 6.49% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.24% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.49% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.49% |
| Henderson, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.99% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $111 | 5.74% |
| Rutland, VT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.74% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $495 | 6.74% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.24% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against UTILITIES EMPLOYEES CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 417 | $46,785,000 | $112,194 | $949 | 6.52% |
| HELOC | 258 | $27,840,000 | $107,907 | n/a | 7.50% |
For 2023, Utilities Employees Credit Union's most frequently originated type of loan was Conventional, with 417 originations. Their 2nd most popular type was HELOC, with 258 originations.
Loan Reason
For 2023, Utilities Employees Credit Union's most frequently cited loan purpose was Home Improvement, with 259 originations. The 2nd most popular reason was Other, with 234 originations.
Loan Duration/Length
For 2023, Utilities Employees Credit Union's most frequently cited loan duration was Other, with 269 originations. The 2nd most popular length was 10 Year, with 124 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 336 | $24,800,000 | $73,810 |
| $1k-2k | 72 | $20,950,000 | $290,972 |
Utilities Employees Credit Union's average total fees were $4,357, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 336 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 284 | $29,030,000 | $102,218 |
| 7-8% | 241 | $27,695,000 | $114,917 |
| 5-6% | 114 | $13,340,000 | $117,018 |
| Over 8% | 31 | $3,765,000 | $121,452 |
| 4-5% | 5 | $795,000 | $159,000 |
During 2023, Utilities Employees Credit Union's average interest rate for loans was 6.39%, while their most frequently originated rate bucket for loans was 6-7%, with 284 originations.
Loan Sizing
2023 saw Utilities Employees Credit Union place emphasis on $100,000 or less loans with 421 originations, totaling $21,135,000 in origination value.
Applicant Income
Utilities Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 215 originations. The second most popular income band? $150k-250k, with 175 originations.
Applicant Debt to Income Ratio
Utilities Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 129 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.46%
Utilities Employees Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination82.07%
Utilities Employees Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 675 | $74,625,000 | $110,556 |