Utilities Employees Credit Union Mortgage Rates, Fees & Info
Wyomissing, PALEI: 549300AX5UMUZ61L1X54
Tax ID: 23-1278971
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Mortgage Data
Review & Overview
Utilities Employees Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, 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, Allentown, Lancaster, and Philadelphia among others. We have data for 69 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 about average 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
556Origination Dollar Volume (All Markets)
$75,410,000Awards
UTILITIES EMPLOYEES CREDIT UNION - 2021
UTILITIES EMPLOYEES CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 266 | $20,420,000 | $76,767 | $669 | 3.80% |
| READING, PA (FHA|USDA|VA) | 110 | $14,850,000 | $135,000 | $1,968 | 3.41% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 29 | $8,145,000 | $280,862 | $4,067 | 3.01% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 16 | $3,860,000 | $241,250 | $4,429 | 2.92% |
| LANCASTER, PA (FHA|USDA|VA) | 13 | $2,935,000 | $225,769 | $4,505 | 2.98% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $2,655,000 | $241,364 | $4,545 | 2.86% |
| LEBANON, PA (FHA|USDA|VA) | 9 | $2,015,000 | $223,889 | $4,440 | 2.97% |
| COLUMBIA, SC (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $3,355 | 3.12% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $4,499 | 3.02% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,733 | 2.88% |
| Indiana, PA (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,201 | 3.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,773 | 2.88% |
| ALTOONA, PA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,279 | 2.83% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,601 | 3.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,984 | 2.88% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,316 | 3.16% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,263 | 2.83% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,019 | 3.13% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,447 | 3.31% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,512 | 2.93% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,642 | 2.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,277 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,992 | 3.25% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,443 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,608 | 2.93% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,500 | 2.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,281 | 3.19% |
| ITHACA, NY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,614 | 2.69% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,830 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,167 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,153 | 2.88% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,670 | 3.38% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,442 | 4.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,021 | 3.13% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,067 | 3.13% |
| Plattsburgh, NY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,238 | 2.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,858 | 2.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,582 | 2.88% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,466 | 2.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,913 | 2.99% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,010 | 3.75% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,442 | 2.88% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,554 | 2.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,207 | 2.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,455 | 3.13% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,956 | 2.99% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,225 | 3.50% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,095 | 3.31% |
| Sayre, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,150 | 2.88% |
| Oil City, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,196 | 2.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,421 | 2.99% |
| Bradford, PA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,347 | 3.06% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,663 | 2.75% |
| Warren, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,863 | 3.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,430 | 4.13% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,034 | 2.63% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,205 | 2.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,114 | 3.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,756 | 3.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,740 | 2.88% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,654 | 2.63% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,729 | 3.24% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,304 | 2.63% |
| DuBois, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,188 | 2.63% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,552 | 3.24% |
| Newberry, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,273 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,716 | 3.50% |
| ERIE, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,995 | 2.88% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 556 | $75,410,000 | $135,629 | $1,986 | 3.46% |
For 2021, Utilities Employees Credit Union's most frequently originated type of loan was Conventional, with 556 originations.
Loan Reason
For 2021, Utilities Employees Credit Union's most frequently cited loan purpose was Home Improvement, with 141 originations. The 2nd most popular reason was Refi, with 129 originations.
Loan Duration/Length
For 2021, Utilities Employees Credit Union's most frequently cited loan duration was 15 Year, with 124 originations. The 2nd most popular length was 30 Year, with 122 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 323 | $23,735,000 | $73,483 |
| $1k-2k | 229 | $51,425,000 | $224,563 |
Utilities Employees Credit Union's average total fees were $4,132, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 323 originations.
Interest Rates
During 2021, Utilities Employees Credit Union's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 286 originations.
Loan Sizing
2021 saw Utilities Employees Credit Union place emphasis on $100,000 or less loans with 258 originations, totaling $12,800,000 in origination value.
Applicant Income
Utilities Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 156 originations. The second most popular income band? $150k-250k, with 136 originations.
Applicant Debt to Income Ratio
Utilities Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 168 originations. The next most common DTI ratio? 30-36%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.24%
Utilities Employees Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination79.14%
Utilities Employees Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 556 | $75,410,000 | $135,629 |