Financial Resources Federal Credit Union in New Jersey vs the state
24.3%Denial rate+6.57 pts vs state
27.1%Decision denial rate+4.00 pts vs state
65.4%Origination rate+9.76 pts vs state
6.63%Median rate-0.13 pts vs state
0.16Rate spread (pts)-0.12 pts vs state
$174kMedian applicant income
89Loans originated
33Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 188 | 116 | 14.4% | 6.50% | #187 |
| 2024 | 147 | 88 | 29.3% | 6.75% | #219 |
| 2025 | 136 | 89 | 24.3% | 6.63% | #234 |
What Financial Resources 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 Financial Resources Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Somerset County | 35 | 20 | 13 | 37.1% |
| Middlesex County | 29 | 20 | 5 | 17.2% |
| Hunterdon County | 18 | 12 | 5 | 27.8% |
| Monmouth County | 10 | 8 | 1 | 10.0% |
| Hudson County | 7 | 5 | 2 | 28.6% |
| Union County | 6 | 2 | 3 | 50.0% |
| Mercer County | 6 | 5 | 0 | 0.0% |
| Essex County | 4 | 1 | 2 | 50.0% |
| Burlington County | 3 | 2 | 0 | 0.0% |
| Bergen County | 3 | 2 | 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: 136 applications in 2025, of which 89 were originated and 33 denied.
24.3% of all applications, or 27.1% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Financial Resources Federal Credit Union originated in New Jersey in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Financial Resources 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