Applications / Mortgage Analytics / Lenders / New Jersey / Picatinny Federal Credit Union
Dover, NJ · Credit union · NCUA · $465 million assets · 294 loans in 2025
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294
loans originated, 2025
486
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Picatinny Federal Credit Union lends mainly to members who already own their homes, for home improvement and other purposes, and it made 13% fewer loans in 2025.
Home improvement made up 59.2% of its loans and other purposes 23.5%. Home purchases were just 7.8%. Its typical loan was $105,000, the same as at similar lenders (credit unions making between half and twice as many loans), and far below its own $215,000 in 2020.
It made 294 loans, down from 339, while similar lenders typically grew by 7%. Its 2024 total was the highest in the years shown, and 2025 was close to the 302 of 2020. At this size, a swing in members' demand for home-improvement loans can move the count.
Low- and moderate-income (LMI) neighborhoods took 5.8% of its loans, against 15.7% at similar lenders, among the lowest of them. LMI borrowers took 20.5%, against 27.1%. The counties where it lends, and a mix built on loans to people who already own homes, are possible reasons. In majority-minority neighborhoods its share matched its peers'.
In Allentown-Bethlehem-Easton it ranks 201 of 521 lenders, with a share that rose to 0.1%. In New York-Newark-Jersey City, where it has lent since 1995, it ranks 289 of 802.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Picatinny Federal Credit Union took 486 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 59.2% · Other 23.5% · Refinance 9.5% · Purchase 7.8%
Conventional 100.0% · of 294 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 | 286 | 97.3% |
| Pennsylvania | 7 | 2.4% |
| Florida | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Newark | 242 |
| Allentown-Bethlehem-Easton | 25 |
| New York-Jersey City-White Plains | 12 |
| Lakewood-New Brunswick | 8 |
| Atlantic City-Hammonton | 1 |
| Deltona-Daytona Beach-Ormond Beach | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300YYJWBT2GH5DS80 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 631075 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 53291 | 1995–2017 |
Established 1 January 1939. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Picatinny Federal Credit Union's data.
Picatinny Federal Credit Union's data
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Picatinny 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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