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

Garden Savings Federal Credit Union is headquartered in Parsippany and is the 7th largest credit union in the state of New Jersey. It is also the 718th largest credit union in the nation. It was established in 1968 and as of September of 2018, it had grown to 72 employees and 27,654 members at 5 locations. Garden Savings Federal Credit Union's money market rates are 82% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Garden Savings Federal Credit Union is open to anyone through joining the American Consumer Council. Membership is also open to the following: (1) those who live, work, worship, attend school, volunteer, or regularly conduct business in Newark, Elizabeth, or Jersey City; (2) employees of General Dynamics Advanced Information Systems, Bellco Laboratories, or over 200 Select Employer Groups; (3) immediate family members of anyone eligible.
See current membership details

Related Posts

Garden Savings Federal Credit Union 4-Year CD APY Jumps - 11/7/2018

Garden Savings Federal Credit Union (easy membership) is offering a promotional rate of 4.08% APY on its 4-year Share Certificate. Minimum deposit is $500.

Garden Savings Federal Credit Union Boosts 3-Year CD Rate - 9/24/2018

Garden Savings Federal Credit Union (easy membership) 3-year Share Certificate now earns 3.04% APY. Minimum deposit is $500. Also as an IRA.

3-Year CD, 3.04% APY - 9/22/2018

Garden Savings FCU has a 3-year CD with a 3.04% APY, minimum $500 deposit. Anyone can join Garden Savings FCU through membership in American Consumer Council.

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Reviews (2)

Waste Of Time....At Best

Posted by: Yua89 | Nov 19, 2018

And possibly deceptive at worst.

Not unlike the first poster above, I had a similar experience. Despite sending and providing all my information it took GSFCU a good 4-5 days to process my initial application.

I got a call from one of their reps to let me know i'd been approved only to then be informed the 4-year high rate CD promotion was no longer available.

I question whether it was ever really available or if it was just a bad combination of trolling for new money and/or attention.

I will not do business with this bank again and am frankly disinclined to waste much time in search of high yields when these practices are far from uncommon.

Total Waste Of Time!

Posted by: darnit44 | Nov 19, 2018

As soon as I found out about your 4.08% APY 4 year CD I have applied online on November 7th. Though I've forgot to attach my DL picture at first I had been informed of that and I had provided all the necessary information next day.
A few days later when I saw the $5 withdraw from my bank account I figured out that I became FCU member but then the high APY CD was gone already (after 7-10 days!). I've tried to find out via phone and e-mail from Jennifer Garcia (rep) if I still can have the 4.08% CD but no answer either 24 hours nor days later.
However a few days later I've got a link for funds verification process, When I went through that,on the last p age I've got informed that FCU will fund 5 year CD. It's not what I've applied for 10 days ago! At the time they had 4.08% 4 year CD and I wanted to have it,
Since it was not available anymore I had to request to cancel the transfer.
So I went through all the hassle for nothing, totally wasted my time!!!
I'm really disappointed in their application process and customer service.
Seems like if you are not a member don't even bother because until you get approved the high rate probably will be gone!



Health
B+

Health Grade Components

Overall
NCUA #18710
Year Chartered1968
Employees72
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.39%
Annual Interest Income$12.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$352.9MM$362.1MM
LoansQ3 2018vs Q3 2017$254.8MM$237.5MM
DepositsQ3 2018vs Q3 2017$319.8MM$311.3MM
Equity CapitalQ3 2018vs Q3 2017$30.4MM$33.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$6.2MM$5.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$4.4MM$4.8MM
Real Estate OwnedQ3 2018vs Q3 2017$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.

3-Year CD, 3.04% APY

Carpline   |  
Garden Savings FCU has a 3-year CD with a 3.04% APY, minimum $500 deposit.
Anyone can join Garden Savings FCU through membership in American Consumer Council.

Rates
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Always verify rates and promotions with the bank or credit union. We are not Garden Savings Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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%*$2.5k*-High Yield Savings
OTHER TIERS: 0.15% $1k - $2.5k
0.10%$250-Member Savings

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 - $1m
0.40%*$50k*-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
2.25%*-$15kPlatinum Checking
OTHER TIERS: 0.20% $15k+
0.50%$750-Senior Advantage Checkinig
0.10%$750-Student Account
0.10%$750-Teen Checking
0.10%$750-Silver Checking

Garden Savings Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$500-5 Year Share Certificate
2.02%$500-4 Year Share Certificate
2.02%$500-2 Year Flex-Rate Share Certificate
1.76%$500-2 Year Share Certificate
1.76%$500-3 Year Share Certificate
1.66%$500-3 Year Flex-Rate Share Certificate
1.51%$500-12 Month Share Certificate
1.51%$500-18 Month Share Certificate
1.41%$500-1 Year Flex-Rate Share Certificate
0.75%$500-6 Month Share Certificate
0.75%$500-7 Month Share Certificate
0.75%$500-8 Month Share Certificate
0.75%$500-9 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
2.53%$500-5 Year IRA Share Certificate
2.02%$500-2 Year Flex-Rate IRA Share Certificate
2.02%$500-4 Year IRA Share Certificate
1.76%$500-3 Year IRA Share Certificate
1.76%$500-2 Year IRA Share Certificate
1.66%$500-3 Year Flex-Rate IRA Share Certificate
1.51%$500-12 Month IRA Share Certificate
1.51%$500-18 Month IRA Share Certificate
1.41%$500-1 Year Flex-Rate IRA Share Certificate
0.75%$500-6 Month IRA Share Certificate
0.75%$500-7 Month IRA Share Certificate
0.75%$500-8 Month IRA Share Certificate
0.75%$500-9 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 Office15 Scotland RdSouth Orange, NJ 07079

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