Merck Sharp & Dohme Federal Credit Union in New Jersey vs the state
10.0%Denial rate-7.69 pts vs state
14.7%Decision denial rate-8.34 pts vs state
58.0%Origination rate+2.32 pts vs state
6.50%Median rate-0.25 pts vs state
-0.35Rate spread (pts)-0.63 pts vs state
$190kMedian applicant income
29Loans originated
5Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 43 | 21 | 7.0% | 6.63% | #353 |
| 2024 | 29 | 24 | 0.0% | 6.62% | #403 |
| 2025 | 50 | 29 | 10.0% | 6.50% | #354 |
What Merck Sharp & Dohme 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 Merck Sharp & Dohme Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mercer County | 5 | 5 | 0 | 0.0% |
| Somerset County | 5 | 4 | 0 | 0.0% |
| Cape May County | 5 | 4 | 0 | 0.0% |
| Morris County | 3 | 3 | 0 | 0.0% |
| Burlington County | 3 | 3 | 0 | 0.0% |
| Monmouth County | 2 | 1 | 0 | 0.0% |
| Hunterdon County | 2 | 2 | 0 | 0.0% |
| Essex County | 1 | 1 | 0 | 0.0% |
| Camden County | 1 | 1 | 0 | 0.0% |
| Atlantic County | 1 | 0 | 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: 50 applications in 2025, of which 29 were originated and 5 denied.
10.0% of all applications, or 14.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Merck Sharp & Dohme Federal Credit Union originated in New Jersey in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Merck Sharp & Dohme 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