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Garden Savings Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.28%5-year CD5 Year Share Certificate
1.85% - Synchrony Bank 60 Month CDAdvertisement
1.61%4-year CD4 Year Share Certificate
1.40% - Ally Bank Raise Your Rate 4-Year CDAdvertisement
0.50%6-month CD6 Month Share Certificate
0.32% - National Average
View all Garden Savings Federal Credit Union rates »

Overview / Commentary
gardensavingsfcu.org
973-576-2000
129 Littleton Rd
Parsippany, NJ 07054-1869

Garden Savings Federal Credit Union is headquartered in Parsippany and is the 9th largest credit union in the state of New Jersey. It is also the 704th largest credit union in the nation. It was established in 1968 and as of June of 2016, it had grown to 63 employees and 25,540 members at 5 locations. Garden Savings Federal Credit Union's money market rates are 82% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to anyone through joining the American Consumer Council. Membership is also open to those who live, work, worship, attend school, volunteer or regularly conduct business in Newark, Elizabeth, or Jersey City and to employees of one of the credit union's Select Employer Group or as an immediate family member of of anyone eligible.
See current membership details

Related Posts

12, 18, And 24 Month CD Rate Increase - 9/24/2016

Garden Savings Federal raised rates on the 12, 18, and 24 month CDs to attractive levels: 1.41%, 1.51%, and 1.66% APY, respectively. Membership open to anybody through American Consumer Council, but I'm not seeing an easy way to open these accounts online. Rates | Garden Savings FCU | Parsippany, NJ - Newark, NJ - Maplewood, NJ

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Health
A

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #18710
Year Chartered1968
Employees63
Primary Regulator
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD1.99%
Annual Interest Income$6.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$324.8MM$305.1MM
LoansQ2 2016vs Q2 2015$206.4MM$195.7MM
DepositsQ2 2016vs Q2 2015$288.1MM$269.3MM
Equity CapitalQ2 2016vs Q2 2015$33.8MM$32.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$4.7MM$4.5MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$3.8MM$4.0MM
Real Estate OwnedQ2 2016vs Q2 2015$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

12, 18, And 24 Month CD Rate Increase

thowellIII   |  
Garden Savings Federal raised rates on the 12, 18, and 24 month CDs to attractive levels: 1.41%, 1.51%, and 1.66% APY, respectively. Membership open to anybody through American Consumer Council, but I'm not seeing an easy way to open these accounts online. Rates | Garden Savings FCU | Parsippany, NJ - Newark, NJ - Maplewood, NJ
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Garden Savings Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--Kids Club Account
0.90%*$40k*-IRA Accumulator
OTHER TIERS: 0.80% → Up to $40k
0.70%--Holiday Club
0.30%--Vacation Club
0.20%*$2,500*-High Yield Savings
OTHER TIERS: 0.15% → $1k - $2,500
0.10%$250-Regular Share Account

Garden Savings Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$1m*-Platinum Money Market
OTHER TIERS: 0.30% → $10k - $50k | 0.40% → $50k - $100k | 0.45% → $100k - $200k | 0.50% → $200k - $250k | 0.60% → $250k - $500k | 0.70% → $500k - $1mm
0.40%*$50k*-Gold Money Market
OTHER TIERS: 0.25% → $1k - $15k | 0.30% → $15k - $30k | 0.35% → $30k - $50k

Garden Savings Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.28%$500-5 Year Share Certificate
1.66%$500-2 Year Share Certificate
1.61%$500-4 Year Share Certificate
1.51%$500-18 Month Share Certificate
1.41%$500-12 Month Share Certificate
1.41%$500-3 Year Share Certificate
1.41%$500-2 Year Flex-Rate Share Certificate
1.31%$500-1 Year Flex-Rate Share Certificate
1.31%$500-3 Year Flex-Rate Share Certificate
0.60%$500-9 Month Share Certificate
0.50%$500-6 Month Share Certificate
0.50%$500-7 Month Share Certificate
0.50%$500-8 Month Share Certificate
0.35%$500-3 Month Share Certificate
0.35%$500-4 Month Share Certificate
0.35%$500-5 Month Share Certificate
0.20%$500-30 Day Share Certificate

Garden Savings Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.28%$500-5 Year IRA Share Certificate
1.66%$500-2 Year IRA Share Certificate
1.61%$500-4 Year IRA Share Certificate
1.51%$500-18 Month IRA Share Certificate
1.41%$500-12 Month IRA Share Certificate
1.41%$500-2 Year Flex-Rate IRA Share Certificate
1.41%$500-3 Year IRA Share Certificate
1.31%$500-1 Year Flex-Rate IRA Share Certificate
1.31%$500-3 Year Flex-Rate IRA Share Certificate
0.60%$500-9 Month IRA Share Certificate
0.50%$500-6 Month IRA Share Certificate
0.50%$500-7 Month IRA Share Certificate
0.50%$500-8 Month IRA Share Certificate
0.35%$500-3 Month IRA Share Certificate
0.35%$500-4 Month IRA Share Certificate
0.35%$500-5 Month IRA Share Certificate
0.20%$500-30 Day IRA Share Certificate
Locations


Garden Savings Federal Credit Union Locations
Branch Office600 Mountain Ave Rm 6H-216New Providence, NJ 07974-2008
Branch Office120 Ferry StNewark, NJ 07105
Branch Office23 Prospect StDover, NJ 07801
Branch Office129 Littleton RdParsippany, NJ 07054-1869
Branch Office709 Irvington AveMaplewood, NJ 07040-1607