Neither purchase nor refinance
Loans for other purposes made up 62.0% of its book and home improvement 38.0%. Its typical loan was $80,000, a little below the $95,000 at similar lenders (credit unions making between half and twice as many loans).
Applications / Mortgage Analytics / Lenders / New Jersey / XCEL Federal Credit Union
XCEL Federal Credit Union
Bloomfield, NJ · Credit union · NCUA · $186 million assets · 50 loans in 2025
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50
loans originated, 2025
73
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
XCEL Federal Credit Union, of Bloomfield, New Jersey, makes no purchase or refinance loans: all 50 of its 2025 loans were for home improvement or other purposes, and more than half went to majority-minority neighborhoods.
Lending in minority neighborhoods
Some 52.0% of its loans went to majority-minority neighborhoods, against 9.7% at similar lenders, higher than at nearly nine in ten. Its share of low- and moderate-income borrowers doubled, from 17.0% to 34.0%, a little above its peers' 31.2%. On 50 loans, a handful of borrowers can move these shares a long way.
Small and steady
Its loans rose 6%, to 50, the same pace as similar lenders. It filed no report for 2020 to 2022, so its record has gaps rather than empty years. It has reported since 2003, and in 2025 it made its first loans in Gainesville, Ocala and Chicago, each a sliver of those markets.
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
50 loans in 2025, against a peak of 55 in 2019.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. XCEL Federal Credit Union took 73 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
62.0% of its 2025 loans were other loans; all were conventional loans.
Other 62.0% · Home improvement 38.0%
Conventional 100.0% · of 50 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
4 states, 9 metros, 22 counties
| State | Loans | Share |
|---|---|---|
| New Jersey | 33 | 66.0% |
| New York | 13 | 26.0% |
| Florida | 3 | 6.0% |
| Illinois | 1 | 2.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Lakewood-New Brunswick | 15 |
| Newark | 13 |
| New York-Jersey City-White Plains | 12 |
| Nassau County-Suffolk County | 5 |
| Camden | 1 |
| Elgin | 1 |
| Gainesville | 1 |
| Ocala | 1 |
| Orlando-Kissimmee-Sanford | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001850NMVU84ZW56 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 952181 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 516218 | 2003–2017 |
Established 1 January 1964. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: XCEL Federal Credit Union's data.
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