Quorum Federal Credit Union in New York vs the state
39.4%Denial rate+19.66 pts vs state
40.9%Decision denial rate+16.90 pts vs state
44.1%Origination rate-15.49 pts vs state
8.63%Median rate+2.00 pts vs state
1.62Rate spread (pts)+1.41 pts vs state
$201kMedian applicant income
460Loans originated
411Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 289 | 89 | 55.7% | 10.50% | #165 |
| 2024 | 607 | 282 | 38.4% | 9.88% | #106 |
| 2025 | 1,043 | 460 | 39.4% | 8.63% | #88 |
What Quorum Federal Credit Union lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Quorum Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Suffolk County | 291 | 141 | 111 | 38.1% |
| Nassau County | 195 | 103 | 61 | 31.3% |
| Kings County | 101 | 35 | 51 | 50.5% |
| Westchester County | 92 | 46 | 28 | 30.4% |
| Queens County | 72 | 26 | 34 | 47.2% |
| Rockland County | 63 | 30 | 23 | 36.5% |
| Orange County | 49 | 21 | 18 | 36.7% |
| Richmond County | 31 | 10 | 15 | 48.4% |
| Bronx County | 27 | 6 | 13 | 48.1% |
| Erie County | 21 | 5 | 11 | 52.4% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bank of America | F | 10,193 | 35.7% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 1,043 applications in 2025, of which 460 were originated and 411 denied.
39.4% of all applications, or 40.9% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Quorum Federal Credit Union originated in New York in 2025 was 8.63%, against a statewide median of 6.63%.
About this data. Figures are Quorum Federal Credit Union's own HMDA filing for properties located in New York, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology