Teachers Federal Credit Union in New Jersey vs the state
12.9%Denial rate-4.83 pts vs state
20.9%Decision denial rate-2.12 pts vs state
47.1%Origination rate-8.54 pts vs state
6.99%Median rate+0.24 pts vs state
1.78Rate spread (pts)+1.49 pts vs state
$162kMedian applicant income
33Loans originated
9Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 80 | 42 | 7.5% | 7.63% | #269 |
| 2024 | 86 | 54 | 8.1% | 7.74% | #272 |
| 2025 | 70 | 33 | 12.9% | 6.99% | #312 |
What Teachers 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 Teachers Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monmouth County | 11 | 6 | 3 | 27.3% |
| Bergen County | 11 | 6 | 1 | 9.1% |
| Gloucester County | 6 | 3 | 0 | 0.0% |
| Essex County | 6 | 3 | 0 | 0.0% |
| Ocean County | 4 | 2 | 0 | 0.0% |
| Camden County | 4 | 2 | 0 | 0.0% |
| Middlesex County | 4 | 1 | 2 | 50.0% |
| Mercer County | 4 | 1 | 0 | 0.0% |
| Union County | 3 | 1 | 0 | 0.0% |
| Hudson County | 3 | 1 | 0 | 0.0% |
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: 70 applications in 2025, of which 33 were originated and 9 denied.
12.9% of all applications, or 20.9% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Teachers Federal Credit Union originated in New Jersey in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are Teachers 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