Garden Savings Federal Credit Union
Headquarters
129 Littleton Road
Parsippany, NJ 07054
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2024 Overview
General Credit Union Information
Garden Savings is an NCUA insured institution located in Parsippany, NJ. It was founded in 1968 and has approximately $433 millions in assets.
Who can join?
To join the credit union your must either be employed by a sponsor companies that is part of the Field of Membership, or you must live, work, worship, volunteer or attend school in Newark, Elizabeth, or Jersey City.
You may also join us if a member of your immediate family is a member of Garden Savings already.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 18710 |
| Date Established | 1968 |
| Assets | $433.00 million |
| Loans | $313.28 million |
| Deposits | $370.00 million |
| Capital | $38.04 million |
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.
Deposit Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Accelerate
|
4.07% | $0 | $15,000 |
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|
| SAV
|
0.30% | $1,000 | $2,499 |
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|
| High Yield
|
0.50% | $2,500 | - |
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|
| Accelerate
|
1.00% | $15,001 | - |
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|
|
Money Market
|
0.50% | $1,000 | $14,999 |
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|
|
Money Market
|
0.55% | $15,000 | $29,999 |
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|
|
Money Market
|
0.65% | $30,000 | $49,999 |
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|
|
Money Market
|
1.00% | $50,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.50% | $500 | - |
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|
| 12 Mo CD
|
4.50% | $500 | - |
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|
| 13 Mo CD
|
4.28% | $1,000 | - |
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|
| 18 Mo CD
|
4.50% | $500 | - |
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|
| 24 Mo CD
|
3.75% | $500 | - |
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|
| 36 Mo CD
|
3.75% | $500 | - |
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|
| 48 Mo CD
|
3.75% | $500 | - |
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|
| 60 Mo CD
|
3.75% | $500 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.05% | $750 | - | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Garden Savings
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,901 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 491986 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Garden Savings
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Branches
Below are Garden Savings branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
GARDEN SAVINGS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Garden Savings Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Garden Savings. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Garden Savings | U.S. Average |
|---|---|
| 13.90% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Garden Savings had $4,696,557 in non-current loans and $1,236,250 in owned assets. To cover these potential losses it had $38,037,929 in net worth and $4,657,151 in loans loss reserves. That gives it a Texas Ratio of 13.90%.
Net Worth
| Garden Savings | U.S. Average |
|---|---|
| 8.78% | 13.62% |
Garden Savings FCU has a net worth of 8.78% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Garden Savings
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