Small loans for owners
Other-purpose loans made up 57.3% of its lending, home improvement 39.6% and refinancing 3.1%. Its typical loan was $65,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans).
Applications / Mortgage Analytics / Lenders / New Jersey / EDIFI Credit Union
EDIFI Credit Union
Willingboro, NJ · Credit union · NCUA · $254 million assets · 192 loans in 2025
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192
loans originated, 2025
346
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
EDIFI Credit Union, a New Jersey credit union, lends to people who already own their homes: it made no purchase loans in 2025, and its typical loan was smaller than at more than nine in ten similar lenders.
A dip after a busy year
Its loans fell 15% in 2025, while the typical similar lender grew 7%; more than four in five grew faster. But its 227 loans in 2024 were its most in any year since 2018, and the 192 of 2025 still exceed the 160 of 2020. Its dollar volume rose, from $15.6 million to $18.0 million.
More lending in majority-minority areas
Majority-minority neighborhoods took 24.0% of its loans, against 11.1% at the typical similar lender, more than at about two-thirds of them. Its lending in the Philadelphia-Camden-Wilmington and Atlantic City markets may account for much of this. Its shares to low- and moderate-income (LMI) borrowers, 31.0%, and in LMI neighborhoods, 18.2%, were near the middle.
A higher rate, for its kind of loan
Its typical rate was 7.49%, against 6.75% at similar lenders. Home-improvement and other-purpose loans are usually priced above first mortgages, which may account for most of the difference.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
192 loans in 2025, against a peak of 227 in 2024.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. EDIFI Credit Union took 346 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
57.3% of its 2025 loans were other loans; all were conventional loans.
Other 57.3% · Home improvement 39.6% · Refinance 3.1%
Conventional 100.0% · of 192 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
2 states, 11 metros, 18 counties
| State | Loans | Share |
|---|---|---|
| New Jersey | 190 | 99.0% |
| Pennsylvania | 2 | 1.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Camden | 118 |
| Atlantic City-Hammonton | 47 |
| Lakewood-New Brunswick | 15 |
| Wilmington | 3 |
| Newark | 2 |
| Vineland | 2 |
| Allentown-Bethlehem-Easton | 1 |
| Montgomery County-Bucks County-Chester County | 1 |
| New York-Jersey City-White Plains | 1 |
| Philadelphia | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300CGVVMPTCK0QG77 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 151881 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 512679 | 1990–2017 |
Established 1 January 1958. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: EDIFI Credit Union's data.
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