Parsippany, NJ 07054


2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 18710
Date Established 1968
Assets $354.78 million
Loans $250.97 million
Deposits $318.46 million
Capital $31.57 million

Garden Savings is an NCUA insured institution located in Parsippany, NJ. It was founded in 1968 and has approximately $354.78 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.

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 - February 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $1,000 $14,999 Learn MoreShow Less
Money Market
0.30% $15,000 $29,999 Learn MoreShow Less
Premium Money Market Account
0.30% $10,000 $49,999 Learn MoreShow Less
Fixed IRA
1.51% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.35% $500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less
12 Mo CD
1.51% $500 - Learn MoreShow Less
18 Mo CD
1.51% $500 - Learn MoreShow Less
24 Mo CD
1.76% $500 - Learn MoreShow Less
36 Mo CD
1.76% $500 - Learn MoreShow Less
48 Mo CD
2.02% $500 - Learn MoreShow Less
60 Mo CD
2.53% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.80% $1 $39,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $750 - Learn MoreShow Less

Loan Rates - February 16, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
Flagstar Bank
Flagstar Bank
Intro APR
3.490 %
After Intro: 6.240 %
Intro Period: 6 months
$25,000 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.


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:

Garden Savings Locations

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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
22.67% 5.78

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 June 30, 2018, Garden Savings had $6,837,281 in non-current loans and $1,783,301 in owned assets. To cover these potential losses it had $31,565,379 in net worth and $6,462,692 in loans loss reserves. That gives it a Texas Ratio of 22.67%.

Net Worth
Garden Savings U.S. Average
8.89% 13.21%

Garden Savings FCU has a net worth of 8.89% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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*All images, logos and public notes on this page appear courtesy of GARDEN SAVINGS and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.