Municipal Credit Union Mortgage Lending & HMDA Data, 2025
In 2025, Municipal Credit Union of New York, NY reported 3,407 mortgage applications totaling $905.1 million, down 1% from 2024. The average application was for $265,663, and applicants reported an average income of $177,660. 35% of its applications resulted in an originated loan and 26% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (1,990), Nassau County-Suffolk County, NY (455) and Newark, NJ-PA (210) (applications in parentheses).
| Mortgage Company & Address | Municipal Credit Union 22 Cortlandt Street 29th Floor New York, NY 10007 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,407 |
| Total Mortgage Loan Application Amount | $905,115,000 |
| Average Mortgage Loan Application Amount | $265,663 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $177,660 |
| Highest Applicant Income | $9,175,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Municipal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Queens, New York | 514 | $ 111,740,000 | $ 217,392 | $ 170,000 |
| Kings, New York | 450 | $ 110,920,000 | $ 246,488 | $ 179,000 |
| Nassau, New York | 301 | $ 70,645,000 | $ 234,700 | $ 167,000 |
| Richmond, New York | 299 | $ 58,195,000 | $ 194,632 | $ 151,000 |
| Bronx, New York | 257 | $ 45,315,000 | $ 176,322 | $ 133,000 |
| Westchester, New York | 202 | $ 47,470,000 | $ 235,000 | $ 198,000 |
| Suffolk, New York | 154 | $ 31,380,000 | $ 203,766 | $ 170,000 |
| Orange, New York | 113 | $ 21,245,000 | $ 188,008 | $ 154,000 |
| Essex, New Jersey | 105 | $ 60,525,000 | $ 576,428 | $ 289,000 |
| Bergen, New Jersey | 95 | $ 31,375,000 | $ 330,263 | $ 214,000 |
| Union, New Jersey | 82 | $ 44,020,000 | $ 536,829 | $ 269,000 |
| New York, New York | 53 | $ 25,095,000 | $ 473,490 | $ 250,000 |
| Rockland, New York | 53 | $ 11,245,000 | $ 212,169 | $ 166,000 |
| Middlesex, New Jersey | 51 | $ 10,235,000 | $ 200,686 | $ 232,000 |
| Monmouth, New Jersey | 44 | $ 11,250,000 | $ 255,681 | $ 176,000 |
| Greater Bridgeport Planning Region, Connecticut | 29 | $ 5,455,000 | $ 188,103 | $ 150,000 |
| Hudson, New Jersey | 28 | $ 13,670,000 | $ 488,214 | $ 242,000 |
| Monroe, Pennsylvania | 28 | $ 3,450,000 | $ 123,214 | $ 130,000 |
| Western Connecticut Planning Region, Connecticut | 24 | $ 13,380,000 | $ 557,500 | $ 351,000 |
| Putnam, New York | 22 | $ 5,260,000 | $ 239,090 | $ 189,000 |
| Naugatuck Valley Planning Region, Connecticut | 20 | $ 3,690,000 | $ 184,500 | $ 109,000 |
| Ocean, New Jersey | 18 | $ 9,970,000 | $ 553,888 | $ 452,000 |
| Morris, New Jersey | 17 | $ 13,695,000 | $ 805,588 | $ 388,000 |
| Passaic, New Jersey | 17 | $ 2,325,000 | $ 136,764 | $ 131,000 |
| Dutchess, New York | 17 | $ 3,245,000 | $ 190,882 | $ 153,000 |
| Burlington, New Jersey | 13 | $ 3,725,000 | $ 286,538 | $ 168,000 |
| Capitol Planning Region, Connecticut | 10 | $ 1,570,000 | $ 157,000 | $ 93,000 |
| Pike, Pennsylvania | 9 | $ 1,605,000 | $ 178,333 | $ 163,000 |
| Sullivan, New York | 8 | $ 750,000 | $ 93,750 | $ 166,000 |
| Philadelphia, Pennsylvania | 8 | $ 1,390,000 | $ 173,750 | $ 115,000 |
| Somerset, New Jersey | 7 | $ 2,235,000 | $ 319,285 | $ 166,000 |
| South Central Connecticut Planning Region, Connecticut | 5 | $ 335,000 | $ 67,000 | $ 227,000 |
| Gloucester, New Jersey | 5 | $ 1,035,000 | $ 207,000 | $ 130,000 |
| Ulster, New York | 5 | $ 915,000 | $ 183,000 | $ 156,000 |
| Lehigh, Pennsylvania | 5 | $ 435,000 | $ 87,000 | $ 129,000 |
| Mercer, New Jersey | 4 | $ 2,420,000 | $ 605,000 | $ 235,000 |
| Sussex, New Jersey | 4 | $ 840,000 | $ 210,000 | $ 219,000 |
| Berks, Pennsylvania | 4 | $ 300,000 | $ 75,000 | $ 125,000 |
| Atlantic, New Jersey | 3 | $ 435,000 | $ 145,000 | $ 80,000 |
| Camden, New Jersey | 3 | $ 185,000 | $ 61,666 | $ 123,000 |
| Cape May, New Jersey | 3 | $ 2,535,000 | $ 845,000 | $ 1,235,000 |
| Warren, New Jersey | 3 | $ 195,000 | $ 65,000 | $ 71,000 |
| Albany, New York | 3 | $ 465,000 | $ 155,000 | $ 114,000 |
| Delaware, New York | 3 | $ 435,000 | $ 145,000 | $ 77,000 |
| Jefferson, New York | 3 | $ 165,000 | $ 55,000 | $ 108,000 |
| Monroe, New York | 3 | $ 535,000 | $ 178,333 | $ 64,000 |
| Rensselaer, New York | 3 | $ 305,000 | $ 101,666 | $ 172,000 |
| Allegheny, Pennsylvania | 3 | $ 135,000 | $ 45,000 | $ 114,000 |
| Delaware, Pennsylvania | 3 | $ 565,000 | $ 188,333 | $ 172,000 |
| Northampton, Pennsylvania | 3 | $ 765,000 | $ 255,000 | $ 107,000 |
| Hunterdon, New Jersey | 2 | $ 990,000 | $ 495,000 | $ 288,000 |
| Broome, New York | 2 | $ 270,000 | $ 135,000 | $ 51,000 |
| Erie, New York | 2 | $ 60,000 | $ 30,000 | $ 114,000 |
| Essex, New York | 2 | $ 460,000 | $ 230,000 | $ 142,000 |
| Onondaga, New York | 2 | $ 240,000 | $ 120,000 | $ 118,000 |
| Saratoga, New York | 2 | $ 850,000 | $ 425,000 | $ 148,000 |
| Chester, Pennsylvania | 2 | $ 1,990,000 | $ 995,000 | $ 316,000 |
| Dauphin, Pennsylvania | 2 | $ 490,000 | $ 245,000 | $ 155,000 |
| Lackawanna, Pennsylvania | 2 | $ 70,000 | $ 35,000 | $ 123,000 |
| Luzerne, Pennsylvania | 2 | $ 170,000 | $ 85,000 | $ 144,000 |
| Northwest Hills Planning Region, Connecticut | 1 | $ 125,000 | $ 125,000 | $ 78,000 |
| Hillsborough, Florida | 1 | $ 55,000 | $ 55,000 | $ 66,000 |
| Volusia, Florida | 1 | $ 75,000 | $ 75,000 | $ 169,000 |
| Richmond, Georgia | 1 | $ 65,000 | $ 65,000 | $ 31,000 |
| Columbia, New York | 1 | $ 325,000 | $ 325,000 | $ 71,000 |
| Cortland, New York | 1 | $ 25,000 | $ 25,000 | $ 94,000 |
| Franklin, New York | 1 | $ 1,865,000 | $ 1,865,000 | $ 1,229,000 |
| Greene, New York | 1 | $ 105,000 | $ 105,000 | $ 167,000 |
| Montgomery, New York | 1 | $ 135,000 | $ 135,000 | $ 39,000 |
| St. Lawrence, New York | 1 | $ 55,000 | $ 55,000 | $ 120,000 |
| Lebanon, Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 105,000 |
| Lycoming, Pennsylvania | 1 | $ 235,000 | $ 235,000 | $ 107,000 |
| Montgomery, Pennsylvania | 1 | $ 465,000 | $ 465,000 | $ 111,000 |
| Westmoreland, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 40,000 |
| Horry, South Carolina | 1 | $ 105,000 | $ 105,000 | $ 155,000 |
| Wharton, Texas | 1 | $ 105,000 | $ 105,000 | $ 29,000 |
Mortgage Loan Application Detail Totals for Municipal Credit Union in 2025
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Other Purpose | 1,233 | $173,195,000 | $140,000 | $905,000 | $159,000 | $4,320,000 |
| Home Improvement | 993 | $127,185,000 | $128,000 | $1,005,000 | $152,000 | $984,000 |
| Home Purchase | 888 | $480,960,000 | $541,000 | $2,005,000 | $209,000 | $3,000,000 |
| Refinancing | 191 | $84,475,000 | $442,000 | $1,725,000 | $307,000 | $9,175,000 |
| Cash-out Refinancing | 102 | $39,300,000 | $385,000 | $1,405,000 | $138,000 | $410,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Black or African American | 1,152 | $232,060,000 | $201,000 | $1,385,000 | $145,000 | $2,400,000 |
| Not Provided | 720 | $200,040,000 | $277,000 | $1,995,000 | $193,000 | $4,320,000 |
| Hispanic | 663 | $135,825,000 | $204,000 | $1,465,000 | $141,000 | $1,272,000 |
| White | 554 | $203,650,000 | $367,000 | $2,005,000 | $232,000 | $3,360,000 |
| Asian | 291 | $129,185,000 | $443,000 | $1,915,000 | $244,000 | $9,175,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $2,575,000 | $198,000 | $705,000 | $131,000 | $284,000 |
| American Indian or Alaskan Native | 12 | $1,510,000 | $125,000 | $515,000 | $337,000 | $2,682,000 |
| Not applicable | 2 | $270,000 | $135,000 | $165,000 | $170,000 | $193,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,407 | $905,115,000 | $265,000 | $2,005,000 | $178,000 | $9,175,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,203 | $414,195,000 | $344,000 | $1,995,000 | $214,000 | $2,800,000 |
| Application Denied By Financial Institution | 871 | $134,325,000 | $154,000 | $1,915,000 | $149,000 | $4,320,000 |
| Application Withdrawn By Applicant | 512 | $117,700,000 | $229,000 | $1,805,000 | $188,000 | $9,175,000 |
| File Closed For Incompleteness | 483 | $111,585,000 | $231,000 | $2,005,000 | $154,000 | $610,000 |
| Preapproval Approved but not Accepted | 214 | $88,300,000 | $412,000 | $1,065,000 | $128,000 | $382,000 |
| Application Approved But Not Accepted | 88 | $22,300,000 | $253,000 | $1,465,000 | $166,000 | $499,000 |
| Preapproval Denied by Financial Institution | 36 | $16,710,000 | $464,000 | $1,125,000 | $133,000 | $399,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 2,500 | $754,080,000 | $301,000 | $2,005,000 | $188,000 | $9,175,000 |
| Debt-To-Income Ratio | 350 | $64,600,000 | $184,000 | $1,125,000 | $113,000 | $480,000 |
| Credit History | 250 | $38,520,000 | $154,000 | $1,385,000 | $174,000 | $4,320,000 |
| Collateral | 147 | $21,995,000 | $149,000 | $985,000 | $151,000 | $580,000 |
| Other | 141 | $19,925,000 | $141,000 | $1,915,000 | $188,000 | $2,682,000 |
| Credit Application Incomplete | 9 | $3,195,000 | $355,000 | $725,000 | $153,000 | $252,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,945,000 | $389,000 | $565,000 | $129,000 | $188,000 |
| Employment History | 4 | $730,000 | $182,000 | $305,000 | $127,000 | $240,000 |
| Unverifiable Information | 1 | $125,000 | $125,000 | $125,000 | $88,000 | $88,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Municipal Credit Union's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Municipal Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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