Applications / Mortgage Analytics / Lenders / New Jersey / Proponent Federal Credit Union
Nutley, NJ · Credit union · NCUA · $508 million assets · 238 loans in 2025
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238
loans originated, 2025
357
applications, 2025
17
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Proponent Federal Credit Union lends to people who already own homes, not to buyers, and its loans fell 24% in 2025 while similar credit unions grew.
Refinances were 32.4% of its loans, other purposes 31.5% and home improvement 28.6%. Purchases were only 7.6%. Its typical loan, $105,000, matched that at similar lenders (credit unions making between half and twice as many loans).
Originations fell 24%, while similar lenders grew 6% and the whole market 10%; the fall was larger than at almost all peers. It made 460 loans in 2022 and has made fewer each year since.
Majority-minority neighborhoods took 22.8% of its loans, against 11.8% at peers, higher than about two-thirds of them. Low- and moderate-income (LMI) borrowers took 23.4%, up from 12.0% five years earlier but below peers' 27.8%. Lending mostly to existing owners, for improvements and other purposes, is one possible reason.
It lent in 17 states and 34 metros. Its largest market is New York-Newark-Jersey City, served since at least 1990, where it ranked 341 of 802 lenders. In Burlington, NC, which it entered in 1994, it ranked 63 of 303 with 0.3% of the market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Proponent Federal Credit Union took 357 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 32.4% · Other 31.5% · Home improvement 28.6% · Purchase 7.6%
Conventional 100.0% · of 238 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 | 135 | 56.7% |
| North Carolina | 58 | 24.4% |
| Pennsylvania | 6 | 2.5% |
| Virginia | 4 | 1.7% |
| Georgia | 3 | 1.3% |
| California | 2 | 0.8% |
| Florida | 2 | 0.8% |
| Maryland | 2 | 0.8% |
| Nevada | 2 | 0.8% |
| South Carolina | 2 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Newark | 92 |
| Burlington | 36 |
| Lakewood-New Brunswick | 22 |
| New York-Jersey City-White Plains | 14 |
| Greensboro-High Point | 8 |
| Allentown-Bethlehem-Easton | 6 |
| Durham-Chapel Hill | 5 |
| Charlotte-Concord-Gastonia | 3 |
| Arlington-Alexandria-Reston | 2 |
| Atlanta-Sandy Springs-Roswell | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300SI3EZ7U02L5E39 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 911889 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 520448 | 1990–2017 |
Established 1 January 1971. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Proponent Federal Credit Union's data.
Proponent Federal Credit Union's data
$215
Proponent 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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