Applications / Mortgage Analytics / Lenders / New Jersey / Garden Savings Federal Credit Union
Parsippany, NJ · Credit union · NCUA · $493 million assets · 77 loans in 2025
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77
loans originated, 2025
169
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Garden Savings Federal Credit Union, in Parsippany, New Jersey, lends mostly to people who already own their homes: seven in ten of its loans were for home improvement or other purposes, and few were for buying a home.
Home improvement made up 36.4% of its 77 loans in 2025 and other purposes 33.8%. Refinancing took 23.4% and purchases just 6.5%. Its typical loan, $105,000, sits close to the $95,000 at similar lenders, credit unions making between half and twice as many loans. None of its loans was higher-priced, meaning a rate well above the average for similar loans, against 3.5% at its peers.
It made 32.5% of its loans in majority-minority neighborhoods, against 9.3% at its peers, and 24.7% in low- and moderate-income neighborhoods, against 17.4%. Both shares have risen since 2020, when they were 20.9% and 10.9%. Its borrowers' incomes look much like its peers'.
Its loans rose 3% in 2025, to 77, against 7% at its peers and 10% for the whole market. It made 144 in 2021. It merged with Pinnacle FCU in 2025. Its largest market is New York-Newark-Jersey City, where it has lent since at least 1990.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Garden Savings Federal Credit Union took 169 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 36.4% · Other 33.8% · Refinance 23.4% · Purchase 6.5%
Conventional 100.0% · of 77 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 | 71 | 92.2% |
| New York | 4 | 5.2% |
| Pennsylvania | 2 | 2.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Newark | 33 |
| Lakewood-New Brunswick | 21 |
| New York-Jersey City-White Plains | 14 |
| Camden | 2 |
| Atlantic City-Hammonton | 1 |
| Lebanon | 1 |
| Pittsburgh | 1 |
| Trenton-Princeton | 1 |
| Vineland | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300I7SKMG274G2Y20 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 199481 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 518710 | 1990–2017 |
Established 1 January 1968. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Garden Savings Federal Credit Union's data.
Garden Savings Federal Credit Union's data
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Garden Savings 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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