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The Atlantic Federal Credit Union

KENILWORTH, NJ

The Atlantic Federal Credit Union processed 55 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 34 loans with a 29.1% denial rate. Home Improvement was the primary loan purpose. Based in KENILWORTH, NJ. The approval rate of 61.8% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The Atlantic Federal Credit Union's 61.8% origination rate tells you how often an application turned into funded money; the 29.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (55 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

55
Applications
34
Originated
29.1%
Denial Rate
$326,091
Avg Loan Amount
Avg Interest Rate: 7.334% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 55 34 16 $326,091

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for The Atlantic Federal Credit Union (LEI: 254900P44XJB3CPZ4V05) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
9
Other
8
Credit history
5
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 21 14 $107,857
Other 17 8 $75,588
Cash-out Refinancing 13 11 $1,067,308
Home Purchase 2 0 $180,000
Refinancing 2 1 $75,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White * 25 76.0% 20.0%
Black or African American * 13 53.9% 38.5%
American Indian or Alaska Native * 2 50.0% 50.0%
Native Hawaiian or Other Pacific Islander * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino * 37 70.3% 24.3%
Hispanic or Latino * 7 28.6% 57.1%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NJ

Other HMDA-reporting lenders in NJ with similar activity. Compare any two side-by-side.

TD Bank

Mount Laurel, NJ

56,179 apps 24,748 originated 26.1% denied

HomeBridge Financial Services, Inc

Iselin, NJ

20,428 apps 11,641 originated 24.9% denied

American Neighborhood Mortgage Acceptance Company

Mt. Laurel, NJ

15,393 apps 9,465 originated 2.1% denied

American Financial Resources LLC

PARSIPPANY, NJ

9,814 apps 5,214 originated 8.4% denied

Longbridge Financial, LLC

PARAMUS, NJ

9,231 apps 3,849 originated 8.7% denied
Compare The Atlantic Federal Credit Union vs TD Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did The Atlantic Federal Credit Union process?
The Atlantic Federal Credit Union processed 55 mortgage applications in the 2024 HMDA reporting year. Of these, 34 were originated (approved and funded), 4 were withdrawn by the applicant, and 16 were denied.
What is The Atlantic Federal Credit Union's mortgage approval rate?
The Atlantic Federal Credit Union has an approval (origination) rate of 61.8%, meaning 61.8% of all applications resulted in a funded mortgage. The denial rate is 29.1%.
What is the average loan amount at The Atlantic Federal Credit Union?
The average mortgage loan amount at The Atlantic Federal Credit Union is $326,091. The average interest rate is 7.334%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at The Atlantic Federal Credit Union?
The most common reasons for mortgage denial at The Atlantic Federal Credit Union are: Debt-to-income ratio, Other, Credit history. In total, 16 applications were denied out of 55 total applications.
What types of mortgage loans does The Atlantic Federal Credit Union offer?
The Atlantic Federal Credit Union processes Conventional loans. The most common type is Conventional with 55 applications and an average loan amount of $326,091.
What loan purposes does The Atlantic Federal Credit Union serve?
The Atlantic Federal Credit Union serves the following loan purposes: Home Improvement (21 applications), Other (17 applications), Cash-out Refinancing (13 applications), Home Purchase (2 applications), Refinancing (2 applications). Home Improvement is the most common purpose.
Where is The Atlantic Federal Credit Union located?
The Atlantic Federal Credit Union is headquartered in KENILWORTH, NJ. The lender is identified by LEI 254900P44XJB3CPZ4V05 in HMDA data.
How does The Atlantic Federal Credit Union compare in lending across racial demographics?
The Atlantic Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 76.0% and denial rate of 20.0%; Black or African American applicants have an approval rate of 53.9% and denial rate of 38.5%; American Indian or Alaska Native applicants have an approval rate of 50.0% and denial rate of 50.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.