Boeing Employees Credit Union Mortgage Rates, Fees & Info

Tukwila, WA

LEI: 549300KM40FP4MSQU941

Tax ID: 91-0219435

5 stars - out of 5 stars, based on 151 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Boeing Employees Credit Union is a mid-sized credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Boeing Employees Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Seattle, Spokane, Bremerton, Portland, and Olympia among others. Boeing Employees Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Boeing Employees Credit Union is typically an average fee lendor.


Originations

22,886

Origination Dollar Volume (All Markets)

$5,475,760,000
Show all (26) awards

Relative Rate

Boeing Employees Credit Union's average 30 year fixed rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

Boeing Employees Credit Union's average total fees for a 30 year fixed rate mortgage are $3,529.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 18,644 $4,302,940,000 $230,795 $2,856 3.58%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 583 $145,305,000 $249,237 $2,791 3.43%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 502 $123,880,000 $246,773 $3,138 3.64%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 211 $110,875,000 $525,474 $3,281 3.46%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 376 $89,030,000 $236,782 $2,431 3.55%
BELLINGHAM, WA (FHA|USDA|VA) 220 $82,880,000 $376,727 $2,919 3.52%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 370 $71,900,000 $194,324 $2,753 3.55%
Oak Harbor, WA (FHA|USDA|VA) 302 $70,460,000 $233,311 $3,055 3.52%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 227 $63,935,000 $281,652 $3,005 3.43%
Ellensburg, WA (FHA|USDA|VA) 79 $50,385,000 $637,785 $2,899 3.52%
Outside of Metro Areas 191 $39,595,000 $207,304 $2,753 3.40%
WENATCHEE, WA (FHA|USDA|VA) 128 $35,160,000 $274,688 $2,734 3.47%
Pullman, WA (FHA|USDA|VA) 22 $31,490,000 $1,431,364 $2,159 3.52%
SALEM, OR (FHA|USDA|VA) 14 $19,520,000 $1,394,286 $4,316 3.37%
Shelton, WA (FHA|USDA|VA) 93 $18,815,000 $202,312 $2,976 3.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 52 $16,340,000 $314,231 $3,710 3.36%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 52 $15,930,000 $306,346 $2,816 3.26%
Aberdeen, WA (FHA|USDA|VA) 88 $15,630,000 $177,614 $2,853 3.36%
Outside of Metro Areas 50 $12,810,000 $256,200 $3,992 3.47%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 35 $12,785,000 $365,286 $4,220 3.18%
Port Angeles, WA (FHA|USDA|VA) 55 $11,905,000 $216,455 $2,552 3.39%
Centralia, WA (FHA|USDA|VA) 57 $11,365,000 $199,386 $3,391 3.55%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 27 $9,725,000 $360,185 $3,876 3.51%
BEND, OR (FHA|USDA|VA) 28 $9,160,000 $327,143 $4,317 3.53%
Moses Lake, WA (FHA|USDA|VA) 51 $9,045,000 $177,353 $3,076 3.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 39 $7,845,000 $201,154 $3,073 3.45%
BOISE CITY, ID (FHA|USDA|VA) 37 $7,795,000 $210,676 $2,815 3.52%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 18 $7,610,000 $422,778 $6,001 3.29%
TUCSON, AZ (FHA|USDA|VA) 28 $6,920,000 $247,143 $2,710 3.23%
YAKIMA, WA (FHA|USDA|VA) 42 $6,330,000 $150,714 $3,002 3.69%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 21 $4,935,000 $235,000 $3,548 3.58%
LONGVIEW, WA (FHA|USDA|VA) 23 $4,645,000 $201,957 $2,802 3.35%
WALLA WALLA, WA (FHA|USDA|VA) 25 $4,545,000 $181,800 $2,759 3.45%
Sandpoint, ID (FHA|USDA|VA) 13 $3,395,000 $261,154 $2,519 3.53%
Astoria, OR (FHA|USDA|VA) 6 $2,610,000 $435,000 $3,531 2.69%
ST. LOUIS, MO-IL (FHA|USDA|VA) 12 $2,420,000 $201,667 $1,457 3.22%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $2,350,000 $391,667 $5,322 3.26%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $2,290,000 $190,833 $3,568 3.29%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 9 $1,785,000 $198,333 $4,242 3.40%
TWIN FALLS, ID (FHA|USDA|VA) 3 $1,735,000 $578,333 $3,860 2.96%
Newport, OR (FHA|USDA|VA) 5 $1,645,000 $329,000 $3,481 3.25%
LEWISTON, ID-WA (FHA|USDA|VA) 7 $1,585,000 $226,429 $2,902 3.08%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 9 $1,545,000 $171,667 $2,669 3.06%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 8 $1,390,000 $173,750 $3,114 3.80%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,951 3.13%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $990,000 $495,000 $2,156 3.98%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $980,000 $163,333 $1,725 3.33%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 5 $945,000 $189,000 $2,172 3.12%
NAPA, CA (FHA|USDA|VA) 2 $840,000 $420,000 $5,485 3.80%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $820,000 $410,000 $3,549 3.50%
SPARTANBURG, SC (FHA|USDA|VA) 5 $765,000 $153,000 $2,482 3.63%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $755,000 $251,667 $2,884 3.32%
CORVALLIS, OR (FHA|USDA|VA) 2 $730,000 $365,000 $3,493 2.88%
CHICO, CA (FHA|USDA|VA) 1 $705,000 $705,000 $8,592 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $645,000 $215,000 $1,853 3.21%
Rexburg, ID (FHA|USDA|VA) 3 $625,000 $208,333 $2,689 3.66%
Hood River, OR (FHA|USDA|VA) 3 $615,000 $205,000 $1,620 3.98%
SPRINGFIELD, MO (FHA|USDA|VA) 3 $595,000 $198,333 $1,872 3.00%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $590,000 $147,500 $2,778 3.16%
FRESNO, CA (FHA|USDA|VA) 5 $565,000 $113,000 $1,186 3.65%
Georgetown, SC (FHA|USDA|VA) 1 $565,000 $565,000 $4,818 2.88%
MEDFORD, OR (FHA|USDA|VA) 3 $565,000 $188,333 $2,739 3.35%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $525,000 $175,000 $1,662 3.75%
Roseburg, OR (FHA|USDA|VA) 4 $510,000 $127,500 $3,809 3.08%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $500,000 $250,000 $1,195 2.94%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $500,000 $250,000 $2,061 2.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $480,000 $240,000 $6,604 2.69%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $465,000 $465,000 $7,115 3.25%
WICHITA, KS (FHA|USDA|VA) 4 $460,000 $115,000 $2,157 3.48%
VISALIA, CA (FHA|USDA|VA) 2 $450,000 $225,000 $2,996 2.56%
Crescent City, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,466 2.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $4,296 2.88%
Mountain Home, ID (FHA|USDA|VA) 1 $355,000 $355,000 $1,923 2.88%
POCATELLO, ID (FHA|USDA|VA) 2 $350,000 $175,000 $3,062 2.75%
Klamath Falls, OR (FHA|USDA|VA) 2 $320,000 $160,000 $0 4.09%
PITTSBURGH, PA (FHA|USDA|VA) 4 $320,000 $80,000 $2,639 3.36%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $265,000 $265,000 $3,269 3.13%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.50%
Moscow, ID (FHA|USDA|VA) 1 $225,000 $225,000 $2,867 3.00%
MODESTO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $2,486 2.88%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $1,567 3.13%
YUMA, AZ (FHA|USDA|VA) 2 $160,000 $80,000 $2,090 3.67%
Ukiah, CA (FHA|USDA|VA) 1 $145,000 $145,000 $1,896 2.75%
STOCKTON, CA (FHA|USDA|VA) 1 $115,000 $115,000 $1,327 3.25%
Othello, WA (FHA|USDA|VA) 2 $110,000 $55,000 $1,255 3.23%
MADERA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.59%
Burley, ID (FHA|USDA|VA) 1 $85,000 $85,000 $1,442 3.00%
The Dalles, OR (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.59%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.99%
Lewistown, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.59%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.59%
Ottawa, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.59%
Great Bend, KS (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
VALLEJO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.34%

Boeing Employees Credit Union's top markets include Seattle, Spokane, Bremerton, Portland, and Olympia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 22,848 $5,461,520,000 $239,037 $2,853 3.56%
FHA 22 $7,620,000 $346,364 $9,111 2.81%
VA 16 $6,620,000 $413,750 $7,383 2.69%

For the 2021 period, Boeing Employees Credit Union's most frequently originated loan type of loans were Conventional, with 22,848 originations. Their 2nd most popular type is FHA, with 22 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 7,149 $864,365,000 $120,907 $2,759 3.98%
Refi 5,810 $1,415,020,000 $243,549 $1,990 3.29%
Cash Out Refi 3,468 $1,379,210,000 $397,696 $2,954 3.09%
Other 3,349 $517,195,000 $154,433 $2,269 3.95%
Home Purchase 3,110 $1,299,970,000 $417,997 $4,153 3.18%

For the 2021, Boeing Employees Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 7,149 originations. The 2nd most popular reason of loans were Refi, with 5,810 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 14,164 $2,042,310,000 $144,190 $22 3.91%
30 Year 5,882 $2,247,640,000 $382,122 $3,529 3.13%
15 Year 1,680 $443,960,000 $264,262 $2,318 2.60%
20 Year 823 $227,615,000 $276,567 $2,681 2.99%
10 Year 337 $514,235,000 $1,525,920 $2,048 2.71%

For the 2021, Boeing Employees Credit Union's most frequently cited loan length of loans were Other, with 14,164 originations. The 2nd most popular length of loans were 30 Year, with 5,882 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 6,643 $2,007,895,000 $302,257
$1k-2k 986 $365,650,000 $370,842
$3k-4k 515 $202,515,000 $393,233
$2k-3k 469 $184,815,000 $394,062
$5k+ 444 $232,690,000 $524,077

$3,529 of loans were Boeing Employees Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 6,643 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 13,923 $3,270,165,000 $234,875
2.5-3% 4,454 $1,560,630,000 $350,388
4-5% 2,834 $280,000,000 $98,800
<2.5% 1,054 $295,940,000 $280,778
5-6% 439 $59,465,000 $135,456
6-7% 182 $9,560,000 $52,527

During 2021, Boeing Employees Credit Union's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 3-4%, with 13,923 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 7,504 $2,102,870,000 $280,233 $2,743 3.33%
$100,000 or less 6,128 $357,440,000 $58,329 $874 4.03%
$100k-200k 6,124 $852,440,000 $139,197 $1,524 3.60%
$400k-600k 2,308 $1,104,210,000 $478,427 $3,920 3.15%
$600k-1MM 631 $455,015,000 $721,101 $5,499 3.00%
$1MM+ 191 $603,785,000 $3,161,178 $6,843 3.06%

2021 saw Boeing Employees Credit Union place emphasis on $200k-400k loans with 7,504 originations, totaling $2,102,870,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 6,576 $1,365,210,000 $207,605 $2,883 3.61%
$150k-250k 5,983 $1,453,795,000 $242,988 $3,318 3.63%
$75k-100k 3,807 $750,325,000 $197,091 $2,798 3.52%
$50k-75k 2,933 $508,355,000 $173,323 $2,394 3.45%
$250k+ 1,970 $613,740,000 $311,543 $4,138 3.64%
$50k or less 1,205 $168,275,000 $139,647 $2,017 3.33%

Boeing Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 6,576 originations. The second most popular income band? $150k-250k, with 5,983 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 5,637 $1,233,245,000 $218,777 $2,653 3.43%
30-36% 4,358 $958,370,000 $219,911 $2,932 3.56%
<20% 2,158 $447,740,000 $207,479 $2,147 3.31%
50-60% 1,780 $336,850,000 $189,242 $3,762 3.83%
37% 759 $168,135,000 $221,522 $3,124 3.56%
36% 734 $172,360,000 $234,823 $3,071 3.54%
39% 710 $157,200,000 $221,408 $3,194 3.60%
41% 700 $167,070,000 $238,671 $3,229 3.62%
40% 695 $165,755,000 $238,496 $3,529 3.59%
38% 689 $157,525,000 $228,628 $3,222 3.58%
43% 676 $161,980,000 $239,615 $3,028 3.62%
42% 674 $158,730,000 $235,504 $3,281 3.61%
44% 668 $154,970,000 $231,991 $3,513 3.65%
49% 536 $113,340,000 $211,455 $3,111 3.90%
47% 518 $107,280,000 $207,104 $2,968 3.80%
45% 500 $112,140,000 $224,280 $3,200 3.71%
46% 496 $112,680,000 $227,177 $3,616 3.75%
48% 477 $97,655,000 $204,727 $3,051 3.81%
>60% 10 $1,200,000 $120,000 $0 4.04%

Boeing Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 5,637 originations. The next most common DTI ratio? 30-36%, with 4,358 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 16,534 $3,525,370,000 $213,219 $2,824 3.57%
Not provided 2,770 $653,470,000 $235,910 $2,942 3.46%
Asian 2,104 $518,270,000 $246,326 $2,974 3.56%
Not applicable 103 $484,885,000 $4,707,621 $0 3.28%
Black 646 $147,950,000 $229,025 $3,411 3.61%
American Indian 250 $48,460,000 $193,840 $2,978 3.62%
Native Hawaiian 117 $23,535,000 $201,154 $2,543 3.68%
Other Asian 110 $16,800,000 $152,727 $2,642 3.88%
Asian Indian 65 $15,465,000 $237,923 $3,916 3.66%
Chinese 37 $10,975,000 $296,622 $3,739 3.60%
Filipino 60 $9,680,000 $161,333 $2,516 3.68%
Korean 26 $6,570,000 $252,692 $2,656 3.48%
Vietnamese 25 $6,225,000 $249,000 $3,315 3.50%
Japanese 22 $4,930,000 $224,091 $2,595 3.63%
Other Pacific Islander 10 $2,310,000 $231,000 $2,606 3.48%
Guamanian 4 $450,000 $112,500 $1,165 3.79%
Native Hawiian 2 $280,000 $140,000 $1,603 3.25%
Samoan 1 $135,000 $135,000 $0 3.59%

Approval Rates

Total approvals of all applications
78.61%

Boeing Employees Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
78.00%

Boeing Employees Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 22,886 $5,475,760,000 $239,262

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
22,886 $5,475,760,000 $239,262

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 6,120 $1,368,690,000 $223,642 $1,704 3.51%
40-60% 3,630 $1,318,820,000 $363,311 $2,420 3.19%
60-80% 2,919 $1,390,055,000 $476,209 $3,951 3.18%
80-100% 1,434 $598,970,000 $417,692 $4,189 3.00%
Over 100% 3 $1,365,000 $455,000 $11,938 2.67%
Under 20% 8,779 $797,455,000 $90,837 $1,047 3.96%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
BOEING EMPLOYEES CREDIT UNION Other type of mortgage Trouble during payment process 2 20.0%
BOEING EMPLOYEES CREDIT UNION Home equity loan or line of credit (HELOC) Closing on a mortgage 1 10.0%
BOEING EMPLOYEES CREDIT UNION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 10.0%
BOEING EMPLOYEES CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%
BOEING EMPLOYEES CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
BOEING EMPLOYEES CREDIT UNION Conventional home mortgage Trouble during payment process 3 30.0%
BOEING EMPLOYEES CREDIT UNION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 10.0%