Credit Union of New Jersey, a Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
1st50.3% deniedPricingmedian rate spread over APOR, weight 30%
2nd1.93 ptsProcesswithdrawn + incomplete share, weight 15%
63rd9.0%Closing coststotal loan costs ÷ loan amount, weight 10%
2nd6.49% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 313 | 183 | 39.6% | 40.1% | 6.49% | $22M |
| 2024 | 582 | 392 | 29.0% | 30.0% | 7.74% | $50M |
| 2025 | 581 | 262 | 45.8% | 50.3% | 7.99% | $30M |
What Credit Union of New Jersey, a Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 2 investment properties.
Why Credit Union of New Jersey, a Federal Credit Union denies applications
Primary reason reported for each of the 266 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Credit Union of New Jersey, a Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 72 | 17 | 73.1% |
| $50k – $100k | 218 | 97 | 52.5% |
| $100k – $150k | 138 | 68 | 42.9% |
| $150k – $250k | 110 | 58 | 41.4% |
| Over $250k | 41 | 21 | 44.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 52 | 15 | 68.8% |
| 35–44 | 108 | 43 | 55.7% |
| 45–54 | 135 | 62 | 50.0% |
| 55–64 | 165 | 86 | 44.2% |
| 65–74 | 76 | 41 | 39.7% |
| Over 74 | 38 | 15 | 50.0% |
Where Credit Union of New Jersey, a Federal Credit Union lends
5 states and 31 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 547 | 244 | 46.4% | 7.99% | #109 |
| Pennsylvania | 31 | 17 | 32.3% | 7.99% | #547 |
Frequently asked questions
Credit Union of New Jersey, a Federal Credit Union denied 50.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of small mortgage lenders.
The most common reason Credit Union of New Jersey, a Federal Credit Union gave in 2025 was "other", cited on 53.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Credit Union of New Jersey, a Federal Credit Union originated in 2025 was 7.99%, and its median rate spread over the average prime offer rate was 1.93 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 3% of its applications were for home purchases, 2% for refinancing (including cash-out), and 95% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.