The Mortgage Record
Lender report card · New Jersey

Utilities Employees Credit Union

Wyomissing, PA · What the federal mortgage record shows about how Utilities Employees Credit Union treated New Jersey applicants, 2018–2025 — 280 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
88.9%
249 approved
Denial rate
11.1%
31 denied
Decisions
280
2018–2025
Avg. rate spread
+0.22 pp
vs. market benchmark
88.9% approved
11.1% denied

Share of 280 New Jersey applications Utilities Employees Credit Union approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional88.9% of 280 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

72%78%84%90%96%83%89%91%92%91%94%75%95%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Utilities Employees Credit Union’s rates ran -0.00 pp in line with than the typical New Jersey lender (average rate spread +0.22 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Utilities Employees Credit Union approves

By income
$50–75k76.5% · 34$75–100k90.0% · 50$100–150k92.8% · 69$150–250k93.0% · 71
By debt-to-income
Under 36%94.7% · 17136–43%90.7% · 4343–50%87.9% · 33Over 50%58.1% · 31
By down payment (LTV)
20%+ down91.6% · 19110–20% down89.2% · 37

Why Utilities Employees Credit Union denied applications

Debt-to-income ratio45% of denialsCredit history32% of denialsCollateral (value/type)16% of denialsEmployment history10% of denialsOther10% of denialsUnverifiable information3% of denials

Where Utilities Employees Credit Union lends in NJ

CountyDecisionsApproval
Ocean County4791.5%

Fees & closing costs

Median total loan costs
$4,239
home purchase
As % of loan
1.38%
NJ median 1.93%
Priced originations
53
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Utilities Employees Credit Union’s home-purchase originations — 0.55 points lower than the 1.93% New Jersey median. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Utilities Employees Credit Union (LEI 549300AX5UMUZ61L1X54). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →