Applications / Mortgage Analytics / Lenders / New Jersey / First Atlantic Federal Credit Union
Eatontown, NJ · Credit union · NCUA · $322 million assets · 209 loans in 2025
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209
loans originated, 2025
337
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Atlantic Federal Credit Union barely makes mortgages in the usual sense: nine in ten of its 209 home loans in 2025 were for home improvement or other purposes, not for buying or refinancing.
Other-purpose loans made up 54.1% of its lending and home improvement 36.8%. Purchases were 5.3%. Every loan was conventional, with no government backing and no jumbo loans (larger than the conforming limit). Its typical loan, $115,000, was close to the $105,000 at similar lenders (credit unions making between half and twice as many loans).
It made 209 loans, up 11% from 189. Similar lenders grew by 7% and the whole market by 10%, which puts its pace near the middle. The dollars rose faster, to $36.9 million from $22.6 million, because its typical loan grew from $85,000. It has not yet regained the 258 loans it made in 2018.
Its typical rate was 6.00%, against 6.75% at similar lenders, lower than at about five in six of them. The gap may owe something to its products. Home-improvement and other loans are priced differently from purchase loans, and the comparison spans lenders with very different mixes.
Low- and moderate-income (LMI) borrowers received 25.5% of its loans, against 27.9% at peers, near the middle. That was down from 36.7% a year earlier, a swing that may reflect changes in who applied from one year to the next. Its share in LMI neighborhoods, 18.8%, was a little above peers'.
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
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Atlantic Federal Credit Union took 337 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 54.1% · Home improvement 36.8% · Purchase 5.3% · Refinance 3.8%
Conventional 100.0% · of 209 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
| State | Loans | Share |
|---|---|---|
| New Jersey | 195 | 93.3% |
| Pennsylvania | 4 | 1.9% |
| Delaware | 2 | 1.0% |
| Florida | 2 | 1.0% |
| Georgia | 2 | 1.0% |
| New York | 2 | 1.0% |
| Maine | 1 | 0.5% |
| South Carolina | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lakewood-New Brunswick | 183 |
| Camden | 6 |
| New York-Jersey City-White Plains | 5 |
| Newark | 3 |
| Philadelphia | 2 |
| Port St. Lucie | 2 |
| Savannah | 2 |
| Hilton Head Island-Bluffton-Port Royal | 1 |
| Lancaster | 1 |
| Montgomery County-Bucks County-Chester County | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300GMXZWXNOS1US34 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3074 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 582 | 1991–2017 |
Established 1 January 1935. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: First Atlantic Federal Credit Union's data.
First Atlantic Federal Credit Union's data
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First Atlantic Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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