Picatinny Federal Credit Union in New Jersey vs the state
19.4%Denial rate+1.67 pts vs state
23.5%Decision denial rate+0.46 pts vs state
60.9%Origination rate+5.17 pts vs state
3.99%Median rate-2.76 pts vs state
-3.12Rate spread (pts)-3.40 pts vs state
$143kMedian applicant income
286Loans originated
91Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 443 | 267 | 16.9% | 6.00% | #104 |
| 2024 | 546 | 327 | 22.3% | 1.99% | #98 |
| 2025 | 470 | 286 | 19.4% | 3.99% | #124 |
What Picatinny 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 Picatinny Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Morris County | 281 | 162 | 60 | 21.4% |
| Sussex County | 94 | 64 | 12 | 12.8% |
| Warren County | 29 | 23 | 2 | 6.9% |
| Essex County | 15 | 10 | 2 | 13.3% |
| Somerset County | 12 | 6 | 6 | 50.0% |
| Passaic County | 11 | 7 | 2 | 18.2% |
| Bergen County | 8 | 5 | 0 | 0.0% |
| Union County | 6 | 4 | 1 | 16.7% |
| Middlesex County | 5 | 2 | 1 | 20.0% |
| Hudson County | 3 | 0 | 3 | 100.0% |
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: 470 applications in 2025, of which 286 were originated and 91 denied.
19.4% of all applications, or 23.5% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Picatinny Federal Credit Union originated in New Jersey in 2025 was 3.99%, against a statewide median of 6.75%.
About this data. Figures are Picatinny 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