No home purchases
Just over half of its loans were for other purposes and a third were for home improvement. The rest were refinances. That makes it a lender to owners rather than buyers.
Applications / Mortgage Analytics / Lenders / New Jersey / The Atlantic Federal Credit Union
The Atlantic Federal Credit Union
Springfield, NJ · Credit union · NCUA · $240 million assets · 27 loans in 2025
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27
loans originated, 2025
45
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Atlantic Federal Credit Union lends to New Jersey members who already own their homes: none of its 27 loans in 2025 was a home purchase.
Small and steady
It first reported its lending in 1991. Since 2018 it has made between 21 and 51 loans a year, with 34 in 2024 and 27 in 2025. Similar lenders are credit unions making between half and twice its number of loans; it made more than about a third of the 321 of them, and the typical one made 31.
Ordinary loan sizes
Its typical loan was $105,000, near the middle of similar lenders, whose typical loan was $95,000. Every loan was conventional, with no government backing, as at the typical similar lender. With so few loans, its other shares are too small to read much into.
A minnow in a vast market
Its lending is spread across seven counties and four metros, all in New Jersey. In the New York-Newark-Jersey City market it ranked 466 of 802 lenders; JPMorgan Chase Bank led. In Allentown-Bethlehem-Easton it ranked 517 of 521.
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
27 loans in 2025, against a peak of 51 in 2019.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Atlantic Federal Credit Union took 45 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
51.9% of its 2025 loans were other loans; all were conventional loans.
Other 51.9% · Home improvement 33.3% · Refinance 14.8%
Conventional 100.0% · of 27 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
1 state, 4 metros, 7 counties
| State | Loans | Share |
|---|---|---|
| New Jersey | 27 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Newark | 19 |
| Lakewood-New Brunswick | 4 |
| New York-Jersey City-White Plains | 3 |
| Allentown-Bethlehem-Easton | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900P44XJB3CPZ4V05 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 179474 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5477 | 1990–2017 |
Established 1 January 1935. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: The Atlantic Federal Credit Union's data.
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