Garden Savings Federal Credit Union

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

Garden Savings Federal Credit Union is headquartered in Parsippany and is the 6th largest credit union in the state of New Jersey. It is also the 710th largest credit union in the nation. It was established in 1968 and as of September of 2019, it had grown to 72 employees and 30,690 members at 5 locations. Garden Savings Federal Credit Union's CD rates are 2X the national average, and it has an A 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

View all posts from:

Reviews (3)

Positve Experience Overall

Posted by: Spring | Jan 30, 2019

Just closed a cd and had to bank wire the funds to the other bank. No ACH transfer for that amount. Good customer service. 6 month early withdrawal penalty on a 5 year cd.
Overall satisfied with them except for the ACH transfer issues.

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 Grade Components

NCUA #18710
Year Chartered1968
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.53%
Annual Interest Income$13.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$375.4MM$352.9MM
LoansQ3 2019vs Q3 2018$273.6MM$254.8MM
DepositsQ3 2019vs Q3 2018$335.0MM$319.8MM
Equity CapitalQ3 2019vs Q3 2018$33.4MM$30.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$5.3MM$6.2MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$3.4MM$4.4MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Report an Issue

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

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

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
0.70%*$500k*-Business Money Market
OTHER TIERS: 0.30% $10k - $50k | 0.40% $50k - $100k | 0.45% $100k - $200k | 0.50% $200k - $500k
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

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
0.10%--SHU Pirate Pride Checking

Garden Savings Federal Credit Union CD Rates

2.53%$500-3 Year Share Certificate
2.53%$500-4 Year Share Certificate
2.53%$500-5 Year Share Certificate
2.33%$500-3 Year Flex-Rate Share Certificate
2.27%$500-2 Year Share Certificate
2.12%$500-2 Year Flex-Rate Share Certificate
2.02%$500-12 Month Share Certificate
2.02%$500-18 Month Share Certificate
1.92%$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

2.53%$500-3 Year IRA Share Certificate
2.53%$500-4 Year IRA Share Certificate
2.53%$500-5 Year IRA Share Certificate
2.33%$500-3 Year Flex-Rate IRA Share Certificate
2.27%$500-2 Year IRA Share Certificate
2.12%$500-2 Year Flex-Rate IRA Share Certificate
2.02%$500-12 Month IRA Share Certificate
2.02%$500-18 Month IRA Share Certificate
1.92%$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

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.