Garden Savings Federal Credit Union

Garden Savings Federal Credit Union Locations

129 Littleton Road
Parsippany, NJ 07054
(973)576-2000
www.gardensavingsfcu.org

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Garden Savings Federal Credit Union is headquartered in Parsippany and is the 12^st largest credit union in the state of New Jersey. It is also the 847^th largest credit union in the nation. It was established in 1968 and as of December of 2011, it had grown to 35 employees and 14,366 members. Garden Savings Federal Credit Union's savings rates are 2X the national average, and it has a 3-star health rating.

Garden Savings Federal Credit Union Routing Number: 221278954

Comparing the Best Long-Term CD Rates After Early Withdrawal Penalties - 10/6/2011

I thought it was a good time for another comparison of the top long-term CDs if the CDs are closed early. Unfortunately, two of the banks that were in my last comparison have cut their rates. As you m ...

Competitive 5-Year CD Rate at Garden Savings FCU in New Jersey - Easy Membership - 9/15/2011

Garden Savings Federal Credit Union continues to offer a competitive 5-year CD rate with a 2.26% APY. Minimum deposit is $500. The 4-year CD is a little less competitive with a 2.06% APY. These rates ...

Garden Savings FCU (Forum) - 5/14/2011

Just opened a 5 yr cd (2.53% 90 day early withdrawal penalty) with Garden Savings FCU. Just need to join the Newark Museum ($50 fee), available nationwide.

Competitive Long-Term CD Rates at Garden Savings FCU in New Jersey - Easy Membership - 3/24/2011

Garden Savings FCU continues to offer competitive long-term CD rates. The best is a 5-year CD rate of 2.56% APY. Other ones include a 2.01% APY 3-year CD and a 2.27% APY 4-year CD. Minimum deposit is ...

2010

2008

2007

12/31 - 5.33% 60-Month / 5.12% 12-Month CD at a New Jersey CU (Garden Savings).

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See Rates for: Checking | Savings | Money Market | CD | IRA

Garden Savings Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.50%	$750	-	Senior Account
0.10%	-	-	Diamond Checking
0.10%	$750	-	V.I.P. Account
0.10%	-	-	Student Account

Garden Savings Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
1.21%	$40k	-	IRA Accumulator
1.21%	$40k	-	Roth IRA Accumulator
1.21%	$40k	-	CESA Accumulator
1.00%	-	-	Kids Club Account
0.70%	-	-	Holiday Club
0.30%	-	-	Vacation Club
0.30%	$2,500	-	High Yield Savings
0.10%	$250	-	Regular Share Account

Garden Savings Federal Credit Union Money Market Rates

Apy	Min	Max	Product
1.01%	$1m	-	Platinum Money Market
0.45%	$50k	-	Gold Money Market

Garden Savings Federal Credit Union CD Rates

Apy	Min	Max	Product
1.71%	$500	-	5 Year Share Certificate
1.31%	$500	-	4 Year Share Certificate
1.21%	$500	-	3 Year Share Certificate
1.16%	$500	-	3 Year Flex-Rate Share Certificate
1.11%	$500	-	2 Year Share Certificate
1.11%	$500	-	2 Year Flex-Rate Share Certificate
0.90%	$500	-	18 Month Share Certificate
0.85%	$500	-	12 Month Share Certificate
0.80%	$500	-	1 Year Flex-Rate Share Certificate
0.75%	$500	-	9 Month Share Certificate
0.60%	$500	-	3 Month Share Certificate
0.55%	$500	-	4 Month Share Certificate
0.55%	$500	-	5 Month Share Certificate
0.55%	$500	-	6 Month Share Certificate
0.55%	$500	-	7 Month Share Certificate
0.55%	$500	-	8 Month Share Certificate
0.25%	$500	-	30 Day Share Certificate

Garden Savings Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.71%	$500	-	5 Year IRA Share Certificate
1.71%	$500	-	5 Year Roth IRA Share Certificate
1.71%	$500	-	5 Year CESA Share Certificate
1.31%	$500	-	4 Year IRA Share Certificate
1.31%	$500	-	4 Year Roth IRA Share Certificate
1.31%	$500	-	4 Year CESA Share Certificate
1.21%	$500	-	3 Year IRA Share Certificate
1.21%	$500	-	3 Year Roth IRA Share Certificate
1.21%	$500	-	3 Year CESA Share Certificate
1.16%	$500	-	3 Year Flex-Rate IRA Share Certificate
1.16%	$500	-	3 Year Flex-Rate Roth IRA Share Certificate
1.16%	$500	-	3 Year Flex-Rate CESA Share Certificate
1.11%	$500	-	2 Year CESA Share Certificate
1.11%	$500	-	2 Year Flex-Rate IRA Share Certificate
1.11%	$500	-	2 Year Flex-Rate Roth IRA Share Certificate
1.11%	$500	-	2 Year Roth IRA Share Certificate
1.11%	$500	-	2 Year Flex-Rate CESA Share Certificate
1.11%	$500	-	2 Year IRA Share Certificate
0.90%	$500	-	18 Month IRA Share Certificate
0.90%	$500	-	18 Month Roth IRA Share Certificate
0.90%	$500	-	18 Month CESA Share Certificate
0.85%	$500	-	12 Month IRA Share Certificate
0.85%	$500	-	12 Month Roth IRA Share Certificate
0.85%	$500	-	12 Month CESA Share Certificate
0.80%	$500	-	1 Year Flex-Rate IRA Share Certificate
0.80%	$500	-	1 Year Flex-Rate Roth IRA Share Certificate
0.80%	$500	-	1 Year Flex-Rate CESA Share Certificate
0.75%	$500	-	9 Month IRA Share Certificate
0.75%	$500	-	9 Month Roth IRA Share Certificate
0.75%	$500	-	9 Month CESA Share Certificate
0.60%	$500	-	3 Month IRA Share Certificate
0.60%	$500	-	3 Month Roth IRA Share Certificate
0.60%	$500	-	3 Month CESA Share Certificate
0.55%	$500	-	4 Month IRA Share Certificate
0.55%	$500	-	5 Month IRA Share Certificate
0.55%	$500	-	6 Month IRA Share Certificate
0.55%	$500	-	7 Month IRA Share Certificate
0.55%	$500	-	8 Month IRA Share Certificate
0.55%	$500	-	4 Month Roth IRA Share Certificate
0.55%	$500	-	5 Month Roth IRA Share Certificate
0.55%	$500	-	6 Month Roth IRA Share Certificate
0.55%	$500	-	7 Month Roth IRA Share Certificate
0.55%	$500	-	8 Month Roth IRA Share Certificate
0.55%	$500	-	4 Month CESA Share Certificate
0.55%	$500	-	5 Month CESA Share Certificate
0.55%	$500	-	6 Month CESA Share Certificate
0.55%	$500	-	7 Month CESA Share Certificate
0.55%	$500	-	8 Month CESA Share Certificate
0.25%	$500	-	30 Day IRA Share Certificate
0.25%	$500	-	30 Day Roth IRA Share Certificate
0.25%	$500	-	30 Day CESA Share Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

GARDEN SAVINGS
NCUA #	18710
BankRate Report	View
Year Chartered	1968
Employees	35
Primary Regulator
Assets and Liabilities
Assets	$206.46 million
Loans	$124.33 million
Deposits	$184.68 million
Equity Capital	$20.05 million
Loan Loss Allowance	$2.05 million
Unbacked Noncurrent Loans	$3.91 million
Historic Data - December 2010
Assets	$198.35 million
Equity Capital	$19.48 million
Loan Loss Allowance	$1.69 million
Unbacked Noncurrent Loans	$1.69 million
Profit Margin - Quarterly
Net Interest Margin	5.5%
Return on Assets	0.28%
Return on Equity	2.92%
Interest Income	$9.69 million
Non-Interest Income	$1.38 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Garden Savings Federal Credit Union had $3.9 million in non-current loans and owned real-estate with $22.1 million in equity and loan loss allowances on hand to cover it. This gives Garden Savings Federal Credit Union a Texas Ratio of 17.67% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Garden Savings Federal Credit Union increased slightly from 7.96% as of December 31, 2010 to 17.67% as of December 31, 2011, resulting in a negative change of 122.03%. This indicates that the balance sheet and financial strength for Garden Savings Federal Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, Garden Savings Federal Credit Union has increased its total deposits by $7.59 million, resulting in 4.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Garden Savings Federal Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Garden Savings Federal Credit Union has $206.46 million in assets with $22.1 million in equity, resulting in a capitalization level of 10.70%, which is above average.