Teachers Federal Credit Union in New York vs the state
11.1%Denial rate-8.69 pts vs state
15.4%Decision denial rate-8.65 pts vs state
57.5%Origination rate-2.05 pts vs state
6.99%Median rate+0.37 pts vs state
1.26Rate spread (pts)+1.05 pts vs state
$146kMedian applicant income
1,805Loans originated
347Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,276 | 2,157 | 5.7% | 7.49% | #24 |
| 2024 | 3,023 | 1,956 | 6.5% | 7.74% | #26 |
| 2025 | 3,137 | 1,805 | 11.1% | 6.99% | #27 |
What Teachers 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 Teachers Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Suffolk County | 2,442 | 1,456 | 282 | 11.5% |
| Nassau County | 393 | 222 | 32 | 8.1% |
| Queens County | 131 | 58 | 9 | 6.9% |
| Westchester County | 40 | 16 | 2 | 5.0% |
| Kings County | 33 | 13 | 6 | 18.2% |
| Bronx County | 15 | 3 | 3 | 20.0% |
| Rockland County | 15 | 6 | 2 | 13.3% |
| Richmond County | 11 | 5 | 2 | 18.2% |
| New York County | 9 | 1 | 2 | 22.2% |
| Orange County | 7 | 3 | 3 | 42.9% |
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: 3,137 applications in 2025, of which 1,805 were originated and 347 denied.
11.1% of all applications, or 15.4% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Teachers Federal Credit Union originated in New York in 2025 was 6.99%, against a statewide median of 6.63%.
About this data. Figures are Teachers 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