Municipal Credit Union in New Jersey vs the state
20.2%Denial rate+2.55 pts vs state
25.8%Decision denial rate+2.77 pts vs state
55.8%Origination rate+0.07 pts vs state
5.99%Median rate-0.76 pts vs state
-0.29Rate spread (pts)-0.58 pts vs state
$169kMedian applicant income
281Loans originated
102Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 358 | 134 | 35.8% | 6.63% | #118 |
| 2024 | 370 | 139 | 33.8% | 6.88% | #132 |
| 2025 | 504 | 281 | 20.2% | 5.99% | #116 |
What Municipal 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 Municipal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 105 | 66 | 19 | 18.1% |
| Bergen County | 95 | 45 | 20 | 21.1% |
| Union County | 82 | 53 | 16 | 19.5% |
| Middlesex County | 51 | 25 | 14 | 27.5% |
| Monmouth County | 44 | 24 | 8 | 18.2% |
| Hudson County | 28 | 10 | 2 | 7.1% |
| Ocean County | 18 | 11 | 4 | 22.2% |
| Morris County | 17 | 15 | 1 | 5.9% |
| Passaic County | 17 | 11 | 3 | 17.6% |
| Burlington County | 13 | 6 | 3 | 23.1% |
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: 504 applications in 2025, of which 281 were originated and 102 denied.
20.2% of all applications, or 25.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Municipal Credit Union originated in New Jersey in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are Municipal 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