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Garden Savings FCU

In this Issue

arrow Receive a $100 Deposit When You Open
a New Diamond Checking Account
arrow The Presidentís Message
arrow Enterprise Car Sales
arrow Spring Into Home Improvements with a Garden Savings Home Equity Loan
arrow 2011 Annual Meeting
arrow News & Updates
arrow Member Survey Results Show Garden Savings Members to be Very Satisfied!
arrow Save Your Money for a Sunny Day! Open a Vacation Club at Garden Savings
arrow Become a fan of Garden Savings
arrow Holiday Schedule

Location and Business Hours

Main Office*
129 Littleton Road, Parsippany, NJ 07054
Phone: 973.576.2000 • 888.554.9328
Fax: 973.316.0317
Hours: 9 a.m. – 4:30 p.m. M,Tues,Wed, Fri
(until 3:30 p.m. for teller transactions)
9 a.m. – 7 p.m.Thurs.
(for all transactions)

Newark Branch*
257 Ferry Street,
Newark, NJ 07105
Phone: 973.576.2071 • Fax: 973.274.1482
Hours: 9 a.m. – 5 p.m. Mon-Thurs 9 a.m. – 7 p.m. Fri • 9 a.m. – 12 Noon Sat.

Badge-Required Locations

600 Mountain Avenue, Murray Hill, NJ 07974
Phone: 973.576.2005
Hours: 8:30 a.m. – 4 p.m. Mon – Fri (until 3:30 p.m. for transactions)

Marotta Controls*
78 Boonton Avenue, Montville, NJ 07045
Phone: 973.334.7800,
ext. 292
Hours: 9 a.m. – 10:30 a.m. Mon,Thurs

Hanover Avenue, Morristown, NJ 07960
Phone: 973.630.1493
Hours: 11 a.m. – 3 p.m. Mon,Thurs (until 2:30 p.m. for transactions)

Badge-Required Locations

College of St. Elizabeth**
2 Convent Road, Morristown, NJ 07960

*ATM Location.
**ATM Location Only


Receive a $100 Deposit When You Open a New Diamond Checking Account

New federal regulations are forcing many larger banks to eliminate their free checking products. Accounts that customers had grown accustomed to being free will soon be incurring monthly maintenance charges…some as high as $8-$9 per month. At Garden Savings, no such changes will be taking place. Our free checking accounts will remain just that…FREE! Plus, our accounts are jam packed with valuable perks that will become increasingly harder to find from other financial institutions.

In addition, our checking accounts are environmentally conscious.
Paper checks are optional and we provide free electronic access via
on-line banking, on-line bill pay and electronic statement delivery
(E-Statements). This cuts down on unnecessary paper use and
yields a “green friendly” checking experience.

Open your new Diamond Checking account between now and
June 30, 2011 and receive a $100 deposit to your new account!* Click here to download your application today and take advantage of a truly free checking account or call 973-576-2000 to have an application mailed or emailed to you directly.

Diamond Checking Features

  • Receive $100 when you open a diamond checking account!*
  • ATM refunds up to $20 per month no matter what atm you use
  • Free debit card
  • Free on-line banking
  • Free on-line bill pay
  • Free electronic statements
  • No monthly maintenance fees
  • No minimum balance requirements

*Diamond Checking requires Direct Deposit of a regular payroll or other electronic deposit (ACH). $100 deposit is made to the account 90 days after the account is opened provided account and direct deposit remain active. Other free checking accounts are available for non-direct deposit accounts but $100 offer is not applicable. ATM fees refunded up to $20 per month on the first day of each month provided direct deposit is active. There are no membership fees but applicant must be eligible for membership. Contact us for eligibility requirements. A $5 initial deposit to a member savings account is required. $100 OFFER DOES NOT APPLY TO CHECKING ACCOUNT UPGRADES, ONLY NEW CHECKING ACCOUNTS.

The President’s Message (back to top)

Taking your car in for routine maintenance and going for regular health checkups is something that almost all of us consider a necessity. Why? Simply put, performing checkups of the things we value most is a smart idea. The more we evaluate, monitor and maintain our assets, the more we can expect from them. While taking care of your health and your cars is very important, taking care of your finances is of great importance as well. Yet all too often we fail to perform “financial checkups” of ourselves.

“Financial checkups” are a great way to make sense of our personal financial situations. The best way to start the process is to review your credit report. There are numerous services (like freecreditreport.com) that will provide you a free copy of your current credit report. Upon receiving the report, you should look it over to make sure that all of your trade lines (credit cards, loans, etc.) are in fact yours and that the balances they reflect are in line with what you know you owe. In many cases, credit reports are the first line of defense when it comes to identity theft and a good credit report will save you money when you are applying for a new loan. You should get in the habit of reviewing your credit report at least annually.

Reviewing your credit report is a great spring board to see areas where you can save money as well. In this erratic economy saving money is more important than ever. Think for a moment about something as simple as a credit card. A $5,000 balance on a credit card that is charging you 22% APR means you are paying a little under $1,100 a year in interest. Transferring that same balance to a Garden Savings Visa Credit Card with a rate of 8% APR means you would pay just shy of $400 a year in interest. That’s roughly $700 in interest savings over the course of twelve months – a remarkable amount of savings. That’s why it’s so important to evaluate your financial picture and determine areas that could save you money. More times than not, you WILL be able to locate significant savings.


Finally, knowing your budget and evaluating your spending and savings patterns is also a big part of your financial checkup. In the coming weeks, Garden Savings will be launching a new tool on our web site called “Debt in Focus” that can help you with this process. This system will require some general data from you (income, bills, etc.) and then will provide you a detailed evaluation of your financial picture. It is a free tool that will be available for your use and will help you round out your overall financial checkup.

At Garden Savings, it is important to us that all of our members make safe, sound and educated financial decisions. We want you to improve your financial position in order to achieve your financial dreams. I encourage each of you to perform a “financial checkup” in the near future and insure that you are in great financial health!

Louis J. Vetere



Enterprise Car Sales (back to top)


Visit your participating Enterprise Car Sales locations:

Clifton ........... 1316 Main Ave. .......... 973 772-0150
Iselin ............. 449 State Hwy. 27 ..... 732 404-1223
Wayne ........... 1546 Rte. 23 North .... 973 686-9565

1APR=Annual Percentage Rate. 1.00% off current rate. Current rate will vary based on credit worthiness and terms. Financing for qualified Garden Savings Federal Credit Union members. Offer valid only on Enterprise Car Sales vehicles purchased from now through 4/30/11. 2Trade-In values obtained from © 2011 Kelley Blue Book Co.’s website KBB.com. Blue Book Trade-In Value is based on accurate condition rating and mileage of vehicle. Accurately appraising the condition of the vehicle is an important aspect of determining its Blue Book Trade-In Value. If a Blue Book Trade-In value is not available for your vehicle Enterprise will provide a fair and competitive value for customer’s vehicle. Additional trade-in value of $500 is only available on used passenger vehicles or light duty trucks. Additional trade-in value of $500 is not available on vehicles without a Blue Book Trade-In Value or when Enterprise vehicle is not purchased. Customer is responsible to any extent vehicle pay-off exceeds Enterprise offer. Customer must provide required proof of ownership/registration and all other necessary paperwork to transfer title. Restrictions apply. For details, see an Enterprise Car Sales Manager. Offer void where prohibited. Cannot be combined with $500 gift card offer. Offer valid now through 4/30/11. 3$500 Visa® gift card will be issued 30 business days upon purchase of vehicle. Offer valid only on Enterprise vehicles purchased now through 4/30/11. Offer void when 7-Day Repurchase Agreement is activated. No cash advances. Cannot be combined with KBB plus $500 offer. Not valid on previous purchases.
The “e” logo, Enterprise, and “Haggle-free buying. Worry-free ownership.” are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners.
© 2011 Enterprise Car Sales. B04511 AD 02/11 SH

Preview the red-hot selection of late-model used vehicles at cuautodeals.com


Spring Into Home Improvements with a Garden Savings Home Equity Loan (back to top)

Spring is a great time to make home improvements, plan a
well-needed vacation, or even build an addition. Garden
Savings’ Home Equity Loans can help you get the money you need to make those goals a reality. We offer both Home Equity Lines of Credit and Fixed Rate Home Equity Loans – both of which have their own distinct set of advantages. Act today while rates remain incredibly low in order to reap the benefits for years to come. Home Equity Loans may offer certain tax advantages*.

Click here to download your Home Equity Loan Application.

Terms from 5 years to 20 years are available for Fixed Rate Home Equity Loans. There are no application fees for loan requests under $250,000. Visit our rates page from www.gardensavings.org to view our current rates on home equity loans and lines of credit.

*Garden Savings is an Equal Opportunity Lender. Please consult a tax advisor to see if tax advantages may apply to your home equity loan. Loan requests over $250,000 require an application fee. Rates listed on web site may not apply to refinances of loans already held at Garden Savings Federal Credit Union. Ask a loan officer for current rates for internal refinances. All loans subject to approval. Rate determined by credit score. On home equity line of credit, rate is determined by an index rate plus a margin.



2011 Annual Meeting (back to top)

Garden Savings Teaches Banking at Stop Shootin’ Inc.

Garden Savings Federal Credit Union invites all of our members to join us on Wednesday, May 25th, 2011 for our Annual Meeting. As a credit union member-owner, you have a say in how we operate our credit union. At this year’s meeting, you can find out all you need to know about us, including our current financial status. The Annual Meeting is also your opportunity to let your voice be heard and to elect fellow members to the Board of Directors.

We will be electing two members to the Board of Directors. Each of the incumbents below have agreed to another two year term:

Paul Mercer
David Pitfield

Join us for the meeting on Wednesday the 25th at the Hilton Parsippany for a light buffet and soft drinks at 5:30 pm followed by the meeting itself at 6:30 pm. Please contact us at 973-576-2000 should you need additional details or information. No R.S.V.P. is required.

Nomination by our Board of Directors will not be accepted from the floor. Nominations for additional candidates may be sent to the nomination committee by April 30, 2011. It is recommended that candidates have served as a member of a committee so they will have knowledge of the credit union’s goals and operations. Any member wishing to volunteer their time and service on committees, such as the Supervisory Committee or the Marketing Committee, may send their inquiries to the Nominating Committee, c/o Gail MacNaughton, at Garden Savings Federal Credit Union, 129 Littleton Rd, Parsippany, NJ 07054.



News & Updates (back to top)

Garden Savings Federal Credit Union is pleased to announce the promotion of Nick Biason to Executive Vice President & Chief Financial Officer. Nick has been a part of the credit union industry for nearly three decades including the past 28 years at Garden Savings Federal Credit Union and possesses a wealth of credit union experience and financial expertise.


Garden Savings is also pleased to announce the promotion of Marianne Nellessen to Electronic Funds Transfer (EFT) Processor. Marianne is going in to her twelfth year with Garden Savings where she has served as a call center representative previously and will maintain those responsibilities as well. Congratulations go out to both Nick and Marianne!


Garden Savings continues to teach financial responsibility to Newark youth. This past January and March, Garden Savings conducted financial literacy training to the students and staff of AmeriCorps that work in conjunction with the Rutgers Youth Education and Employment Success Center. The credit union staff who taught the class focused on managing a checking account, creating an effective personal budget, and realizing the importance of maintaining responsible credit and improving one’s credit score. “It’s always a pleasure to teach young people about the importance of money and finance,” said Michael Powers, Assistant Vice President of Marketing for Garden Savings. “You really see eyes light up when people realize how much money it could cost them over the years if they don’t maintain a good credit score and manage their finances accordingly. It’s a great feeling to know that we’re helping explain a process that can help people help themselves for years to come.”


As Garden Savings continues to expand our presence, keep your eyes peeled for our new television commercial on Cablevision in Morris County and Newark as well as our radio spots on WDHA and WMTR radio. In addition, you’ll be able to find advertisements for our Diamond Checking account on over 150 buses in the Newark area and poster boards in Newark Penn Station during April and May! We continue to strive to share the news of our financially solid institution with more and more individuals.



Member Survey Results Show Garden Savings Members to be Very Satisfied!
(back to top)

This past February and March, Garden Savings Federal Credit Union conducted an on-line member survey to monitor our overall satisfaction levels amongst our membership. We were very pleased with the results which showed a membership that is happy with our service levels and product offerings. Of course not every piece of feedback was entirely positive but those comments have great value as well. In fact, negative comments can help us to identify areas of improvement and implement changes that will help us to become an even better financial institution going forward.

Over 350 members took part in the survey with nearly half of them taking the time to write in comments in our open-ended section. These comments were especially helpful and well appreciated. We will continue to run surveys from time to time on our web site and on our Facebook page and we encourage you to partake in as many as possible in order to continually help us to serve you better!

Below are a few examples of the positive feedback we received:

“Very helpful and professional staff”

“Very helpful and friendly staff. They are always willing and able to answer questions and help.”

“Nancy at the Murray Hill location is extremely helpful and friendly.”

“I’ve banked with you for nearly 20 years and it’s been a pleasure.”

“Every employee I have dealt with has been courteous, professional and friendly. Great company to deal with!”

“I live in Succasunna and bank with GSFCU Parsippany. I am thrilled to be a member, and don’t find the distance even relevant! I use banking on line 99% of the time for information; I send deposits by mail, and usually don’t visit my branch more than twice a month; mostly just when I happen to be n the area. The Tellers are competent and business-like, and Marilyn is simply outstanding in her representation and role for the Branch! I could not be more pleased with my banking facility and the staff.”

“My lender of choice! Great job!”


Save Your Money for a Sunny Day!
Open a Vacation Club at Garden Savings (back to top)

It’s always a great time to open a Vacation Club Account at Garden Savings! With the summer fast approaching and vacation ideas dancing in everyone’s mind about now, why not plan ahead for next year’s vacation? Open your account today with a minimum deposit of $25 and start stashing aside a little bit of money at a time. You can set up your payroll deductions so that a specified amount goes into your vacation club each time you deposit money to your account. Odds are you’ll barely notice the difference in your pay check and then by next year, you’ll have a nice nest egg of spending money to help you afford your well-needed vacation!

Contact a representative at 973-576-2000 for more information on Vacation Club Accounts and to open yours today and start saving for a bigger and better vacation next season!



Become a fan of Garden Savings! (back to top)

Become a fan of Garden Savings on Facebook at www.facebook.com/gardensavingsfcu View our commercials, see current industry news, be the first to find out about current promotions and much more!




Holiday Schedule (back to top)

Garden Savings Federal Credit Union will be closed in observance of

Good Friday
Friday, April 22

Memorial Day
Monday, May 30

Independence Day
Monday, July 4

Labor Day
Monday, September 5


Garden Savings
Federal Credit Union

129 Littleton Road
Parsippany, NJ 07054
Phone: 973.576.2000
Toll-Free: 888.554.9328

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