Quorum Federal Credit Union in New Jersey vs the state
31.3%Denial rate+13.60 pts vs state
32.7%Decision denial rate+9.63 pts vs state
52.4%Origination rate-3.30 pts vs state
8.63%Median rate+1.88 pts vs state
1.59Rate spread (pts)+1.31 pts vs state
$200kMedian applicant income
308Loans originated
184Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 88 | 29 | 52.3% | 10.75% | #262 |
| 2024 | 220 | 104 | 36.8% | 10.00% | #183 |
| 2025 | 588 | 308 | 31.3% | 8.63% | #100 |
What Quorum 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 Quorum Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 98 | 47 | 31 | 31.6% |
| Monmouth County | 75 | 50 | 11 | 14.7% |
| Ocean County | 66 | 31 | 23 | 34.8% |
| Essex County | 62 | 37 | 18 | 29.0% |
| Morris County | 40 | 24 | 9 | 22.5% |
| Union County | 36 | 13 | 17 | 47.2% |
| Passaic County | 35 | 19 | 13 | 37.1% |
| Middlesex County | 34 | 15 | 15 | 44.1% |
| Hudson County | 24 | 10 | 13 | 54.2% |
| Somerset County | 21 | 15 | 3 | 14.3% |
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: 588 applications in 2025, of which 308 were originated and 184 denied.
31.3% of all applications, or 32.7% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Quorum Federal Credit Union originated in New Jersey in 2025 was 8.63%, against a statewide median of 6.75%.
About this data. Figures are Quorum 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