PROPONENT Federal Credit Union in New Jersey vs the state
13.6%Denial rate-4.05 pts vs state
15.8%Decision denial rate-7.26 pts vs state
71.7%Origination rate+16.04 pts vs state
7.00%Median rate+0.25 pts vs state
-0.07Rate spread (pts)-0.35 pts vs state
$150kMedian applicant income
142Loans originated
27Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 321 | 183 | 24.0% | 7.00% | #128 |
| 2024 | 296 | 182 | 21.6% | 7.56% | #151 |
| 2025 | 198 | 142 | 13.6% | 7.00% | #198 |
What PROPONENT 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 PROPONENT Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 95 | 66 | 15 | 15.8% |
| Morris County | 19 | 14 | 1 | 5.3% |
| Passaic County | 15 | 9 | 4 | 26.7% |
| Ocean County | 14 | 12 | 1 | 7.1% |
| Somerset County | 6 | 4 | 0 | 0.0% |
| Sussex County | 6 | 4 | 0 | 0.0% |
| Union County | 6 | 5 | 0 | 0.0% |
| Middlesex County | 5 | 3 | 1 | 20.0% |
| Bergen County | 5 | 5 | 0 | 0.0% |
| Monmouth County | 5 | 3 | 2 | 40.0% |
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: 198 applications in 2025, of which 142 were originated and 27 denied.
13.6% of all applications, or 15.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans PROPONENT Federal Credit Union originated in New Jersey in 2025 was 7.00%, against a statewide median of 6.75%.
About this data. Figures are PROPONENT 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