Applications / Mortgage Analytics / Lenders / New Jersey / Merck Employees Federal Credit Union
Rahway, NJ · Credit union · NCUA · $1.8 billion assets · 94 loans in 2025
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94
loans originated, 2025
174
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Merck Employees Federal Credit Union lends mostly for home improvement and other purposes rather than purchases, across 10 states, and its loans rose 27% in 2025.
Home-improvement loans made up 42.6% of its lending and other purposes 26.6%; purchases took 28.7% and refinances just 2.1%. Its loans rose 27% to 94, faster than about seven in ten similar lenders (credit unions making between half and twice as many loans), which grew 7%. That still leaves it well below the 199 loans it made in 2020.
It lends far afield: 20 metros in 10 states, though New Jersey is its home. In 2025 it made its first loans in Kennewick-Richland, Omaha and Indianapolis. Its share of every market is tiny; in Trenton-Princeton it ranks 185th of 365.
Its typical loan was $125,000 against $95,000 at peers, and 9.7% of its loans were jumbo (larger than the conforming limit), where the typical peer made none. Low- and moderate-income borrowers took 17.0% of its loans, against 30.2%, lower than almost nine in ten peers. Its larger loans may mean its members earn more than most. Loans in majority-minority neighborhoods, at 19.1%, were a larger share than at about two-thirds of 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Merck Employees Federal Credit Union took 174 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 42.6% · Purchase 28.7% · Other 26.6% · Refinance 2.1%
Conventional 100.0% · of 94 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 | 75.5% |
| Pennsylvania | 8 | 8.5% |
| Virginia | 5 | 5.3% |
| North Carolina | 3 | 3.2% |
| Florida | 2 | 2.1% |
| California | 1 | 1.1% |
| Indiana | 1 | 1.1% |
| Massachusetts | 1 | 1.1% |
| Nebraska | 1 | 1.1% |
| Washington | 1 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Newark | 31 |
| Lakewood-New Brunswick | 29 |
| Montgomery County-Bucks County-Chester County | 6 |
| Harrisonburg | 4 |
| Trenton-Princeton | 4 |
| Camden | 3 |
| New York-Jersey City-White Plains | 3 |
| Allentown-Bethlehem-Easton | 1 |
| Anaheim-Santa Ana-Irvine | 1 |
| Atlantic City-Hammonton | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RKVDUINI2A8Y77 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 417774 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 51454 | 1997–2016 |
Established 1 January 1936. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Merck Employees Federal Credit Union's data.
Merck Employees Federal Credit Union's data
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Merck Employees 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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