Elements Financial Federal Credit Union in New Jersey vs the state
16.7%Denial rate-1.02 pts vs state
20.0%Decision denial rate-3.05 pts vs state
66.7%Origination rate+10.99 pts vs state
3.99%Median rate-2.76 pts vs state
-3.22Rate spread (pts)-3.50 pts vs state
$114kMedian applicant income
4Loans originated
1Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 12 | 5 | 41.7% | 7.75% | #509 |
| 2024 | 8 | 5 | 25.0% | 4.99% | #547 |
| 2025 | 6 | 4 | 16.7% | 3.99% | #585 |
What Elements Financial 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 Elements Financial Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 1 | 1 | 0 | 0.0% |
| Morris County | 1 | 0 | 1 | 100.0% |
| Mercer County | 1 | 0 | 0 | 0.0% |
| Ocean County | 1 | 1 | 0 | 0.0% |
| Bergen County | 1 | 1 | 0 | 0.0% |
| Union 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: 6 applications in 2025, of which 4 were originated and 1 denied.
16.7% of all applications, or 20.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Elements Financial Federal Credit Union originated in New Jersey in 2025 was 3.99%, against a statewide median of 6.75%.
About this data. Figures are Elements Financial 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