ALTRA Federal Credit Union in New Jersey vs the state
14.3%Denial rate-3.40 pts vs state
17.7%Decision denial rate-5.40 pts vs state
61.9%Origination rate+6.22 pts vs state
6.99%Median rate+0.24 pts vs state
0.56Rate spread (pts)+0.28 pts vs state
$126kMedian applicant income
13Loans originated
3Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 13 | 13 | 0.0% | 7.69% | #495 |
| 2024 | 15 | 9 | 33.3% | 6.99% | #491 |
| 2025 | 21 | 13 | 14.3% | 6.99% | #440 |
What ALTRA Federal Credit Union lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most ALTRA Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mercer County | 13 | 7 | 2 | 15.4% |
| Burlington County | 4 | 3 | 0 | 0.0% |
| Hunterdon County | 2 | 2 | 0 | 0.0% |
| Gloucester County | 1 | 0 | 1 | 100.0% |
| Monmouth County | 1 | 1 | 0 | 0.0% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 21 applications in 2025, of which 13 were originated and 3 denied.
14.3% of all applications, or 17.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans ALTRA Federal Credit Union originated in New Jersey in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are ALTRA Federal Credit Union's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology