Type of Loan Offerings
Home Equity Loans
Program Name
Loan Type
APR
Term
Max Amount
CLTV
Link
Fixed Rate Home Equity Loans / Second Mortgages
2nd Mortgage Fixed (Fixed Rate Home Equity Loans)
6.375 %
5 Yrs
100 %
Mortgage Loans
Loan Type
Product Type
Program Type
Rate
APR
Points
Term
Link
Personal Loans
Vehicle Loans
Introduction
Welcome to Garden Savings, your trusted financial partner located at 120 Ferry St, Newark, NJ 07105. Since our establishment in 1968, we've proudly served our community with a commitment to providing exceptional banking services tailored to meet the unique needs of our members. With over 24,941 members and a strong financial foundation boasting total assets of $436,060,727, we are dedicated to fostering financial well-being for all. At Garden Savings, we understand that every financial journey is personal. That's why we offer a range of services including checking and savings accounts, auto loans, mortgage options, personal loans, and business banking solutions. Our goal is to empower you with the tools you need to succeed while providing support at every step. Our leadership team, led by CEO Michael Powers and Board President Paul Mercer, works tirelessly to ensure that we uphold our values of trust and community engagement. We take pride in our robust net worth of $37,507,226 and total deposits reaching $7,394,333, which reflects our members' confidence in us. While you can visit us at our branch for all your banking needs, please note that official correspondence should be sent to the same address: 120 Ferry St, Newark, NJ 7105. With a friendly team of 63 employees ready to assist you and an array of services designed for convenience like online banking and mobile payments we invite you to explore what Garden Savings has to offer. Don't hesitate to reach out! Call us at 973-576-2072 or visit our website at Garden Savings FCU for more information on how we can help you achieve your financial goals today.
Branch History & Mission
Welcome to Garden Savings, a cornerstone of the Newark community since 1968. Located at 120 Ferry St, Newark, NJ 07105, our branch has been dedicated to serving its members with compassion and commitment for over five decades. With a rich history rooted in community support, we have grown alongside our members, evolving into a trusted financial partner. From our humble beginnings, Garden Savings has steadily expanded its reach and services. Today, we proudly serve over 24,941 members and manage total assets of approximately $436,060,727. Our journey reflects not just growth in numbers but also in our commitment to providing high-quality financial services tailored to meet the diverse needs of our community. At Garden Savings, our mission is clear: to deliver exceptional financial solutions while fostering a sense of belonging among our members. We strive to empower individuals and families by offering a range of services including personal banking, auto loans, mortgages, credit cards with rewards, and business banking options. We aim not only to meet financial needs but also to uplift the community through partnerships and outreach initiatives that make a real impact. While members can visit us at 120 Ferry St, official correspondence should be sent to 120 Ferry St, Newark, NJ 7105. Our branch offers convenient operating hours Monday through Thursday from 9 AM to 5 PM, Friday until 7 PM, and Saturday from 9 AM to 1 PM making it easier for you to access the services you need. In addition to traditional banking services, we are proud to provide digital advancements such as online banking and mobile payments. Our commitment extends beyond transactions; we ensure that all services are accessible and user-friendly for everyone in the community. As part of our mission, we actively engage with local organizations and participate in community events that promote education and financial literacy. This dedication helps build strong relationships that enrich lives and strengthen Newark as a whole. We invite you to join the Garden Savings family today! Experience how we can help you achieve your financial goals while being part of a supportive community network. For more information about membership or to open an account, visit us online at Garden Savings or call us at 973-576-2072. Let's grow together!
Branch Location & Accessibility
Comprehensive Services
Not only do we provide traditional banking services like checking and savings accounts, but we also specialize in auto loans, mortgage loans, and business banking. With ATM availability right at our location, you can make cash withdrawals and balance checks with ease. While members can visit us at 120 Ferry St for all their banking needs, please note that official correspondence should be sent to the same address. Feel free to reach out by phone at 973-576-2072 if you have any questions or need assistance before your visit. We invite you to stop by Garden Savings today! Let us help you take care of your financial needs in a welcoming environment that feels just like home.
Convenient Access and Features
Parking is readily available nearby, ensuring that your visit is hassle-free. Our branch is designed with accessibility in mind, featuring ADA-compliant entrances and pathways so everyone can comfortably access our services. At Garden Savings, we understand that your time is valuable. That's why we offer flexible operating hours: Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 7 PM, and Saturday from 9 AM to 1 PM. Whether you're looking to open an account or need assistance with your personal loans or credit cards, we're here for you when you need us.
Member Eligibility
Joining the Garden Savings family means becoming part of a caring community dedicated to helping you achieve your financial goals. If you're wondering how to become a member, it's simple! At Garden Savings, we welcome individuals who live, work, worship, or attend school in our local area. We also embrace family members of current members, making it easier for you to connect with us. This inclusive approach ensures that everyone has the opportunity to benefit from our member-focused services and competitive rates. For more specific eligibility details, feel free to check out our website at Garden Savings Eligibility. Once you've confirmed that you meet the eligibility criteria, opening an account is a breeze! You can start the process online by visiting Account Opening, or you can give us a call at (973) 576-2072 if you'd prefer to speak with someone directly. Our friendly team is here to assist you every step of the way. We look forward to welcoming you to Garden Savings at our branch located at 120 Ferry St Newark Nj 07105!
Business Banking & Commercial Services
Merchant Services that Matter
Beyond loans, our merchant services provide practical tools to help you manage transactions smoothly. Imagine running your business without worrying about payment processing delays. Our solutions offer quick access to funds, enabling you to focus on what truly matters growing your business. Visit us at 120 Ferry St Newark Nj 07105 in Newark, NJ, or call us at (973) 576-2072 to learn more about how we can help your business thrive!
Tailored Loan Options
Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $6 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $17 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $1,006,543, we continue to drive economic growth by financing new and expanding businesses.
Comprehensive List Of Services
Business Banking
For our business members, we provide comprehensive Business Banking solutions including merchant services and business loans. This ensures that whether you're starting a new venture or expanding an existing one, you have the financial tools necessary to succeed.
Credit Cards and Rewards
We also offer Credit Cards with Rewards that allow you to earn points for everyday purchases. It's a great way to save while enjoying the benefits of using credit responsibly.
Digital Access
In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking options. You can check your balance, transfer funds, and pay bills from anywhere at any time using our mobile app or website. Plus, with access to ATMs for cash withdrawals and balance checks, managing your money has never been easier.
Member Support
Our dedicated team is always ready to assist you with any questions or concerns you might have about our offerings. Feel free to reach us at 973-576-2072 during our operating hours: Monday through Thursday from 9 AM to 5 PM, Friday until 7 PM, and Saturday until 1 PM. At Garden Savings, we're more than just a credit union; we're a community partner committed to helping you achieve your financial goals. Explore our full range of services today by visiting us online at Garden Savings or come see us in person! We look forward to serving you!
Personal Banking
Imagine having all your banking needs covered in one place. With our Personal Banking services, you can easily manage your finances with checking and savings accounts designed for convenience and flexibility. If you're considering a new vehicle or need help with financing, our Auto Loans & Vehicle Financing options offer competitive rates to get you on the road without the stress. For those thinking about purchasing a home or refinancing an existing mortgage, our Mortgage Loans & Refinancing services make it simple to find the right plan for your budget. Additionally, if you're facing unexpected expenses or want to consolidate debt, our Personal Loans & Debt Consolidation products are here to support you.
Digital & Online Banking
Access Anytime, Anywhere
With our 24/7 online banking services, managing your money has never been easier. Whether you're checking your balance, paying bills, or transferring funds, you can do it all through our user-friendly platform at https://www.gardensavingsfcu.org. No more waiting in line; everything you need is just a few clicks away!
Connect with Us
If you have questions or need assistance while using our digital services, our friendly team is always here to help! Just give us a call at (973) 576-2072, and we'll ensure you have all the support you need to make the most out of your online banking experience. At Garden Savings, we're committed to making banking easier for you because managing your money should be as straightforward as possible!
Mobile Banking at Your Fingertips
For those who prefer banking on their smartphones, our mobile application puts all the power of online banking right in your pocket. With features like mobile payments and person-to-person transfers, sending money to friends or making purchases is just a tap away.
Secure Transactions Made Simple
Security is our top priority. You can conduct transactions with peace of mind, knowing that we use advanced encryption technologies to protect your information. Plus, with electronic signature authorization available, signing documents is quick and hassle-free.
Stay Organized with E-Statements
Say goodbye to paper clutter! Enjoy the benefits of e-statements, which allow you to access your account statements anytime and anywhere. With easy storage and quick retrieval, keeping track of your finances has never been simpler.
Financial Strength
Commitment to Growth
With $32,230,972 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our ability to support your financial goals is evident with $5,568 in used auto loans and $310,647,090 in total loans and leases.
Growing Member Base
Total Share and Deposit Accounts: 44,342, show a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $1,394,028 further emphasizes our readiness to support your borrowing needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Garden Savings is your trusted partner. Visit us at 120 Ferry St Newark Nj 07105 or call (973) 576-2072 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.
Member-Centric Savings
Members' savings are secured through $123,084,996 in share certificates and $14,858,409 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $40,932,127, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.
Operational Efficiency
Our financial performance reflects operational efficiency with $0 enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 61 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.
Solid Financial Foundation
With a net worth of $37,507,226, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $860 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.
Loan Offering
Auto Loans
Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $98,919,317 in used vehicle loans and $4,178,210 in new vehicle loans already helping members get on the road. Whether you're looking for financing for a brand-new model or a reliable used car, our flexible terms can make it easier for you to hit the road without breaking the bank.
Business Loans
For business owners, our outstanding commercial loans totaling $1,006,543 provide the capital needed to grow and expand. Whether you're looking to invest in new equipment or need working capital for your operations, we're here to support your business ambitions. In addition to these core offerings, we also provide refinancing options. If you're considering consolidating debt or lowering your monthly payments on existing loans, our team is ready to discuss eligibility and options tailored just for you. To learn more about our loan products or to start your application today, contact us at 973-576-2072 or visit us at 120 Ferry St., Newark NJ 07105. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let Garden Savings help you take the next step toward achieving your financial goals!
Mortgage Loans
Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $70,535,932, make buying or refinancing simple. We provide personalized service to guide you through the process and help you find the right loan structure for your situation.
Unsecured Credit Card Loans
Managing day-to-day expenses can be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $3,606,085 in loans helping members manage their finances effectively. These cards come with no collateral required and can be an excellent way to build credit while enjoying financial flexibility.
Loan Aggregator
Benefits of Using LendMesh
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Ensuring Accurate Loan Comparisons
Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This ensures that users receive fair and transparent offers tailored to their needs. The commitment to accurate data means that you can trust the information provided when comparing loans.