Credit union · NCUA insured
Garden Savings FCU
Top CarrotA $494.8M credit union headquartered in Parsippany, NJ, with 30,558 members and 6 branches in New Jersey. Best rates: CDs 4.25% and savings 1.35% APY.
Garden Savings FCU Carrot Score
Carrot ScoreTop Carrot
Higher than 83% of U.S. banks and credit unions
#31 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Garden Savings FCU
Founded in 1968 to serve AT&T Bell Laboratories employees, Garden Savings Federal Credit Union is a not-for-profit financial cooperative owned by its members.
In 1985, the credit union expanded its field of membership to sponsor companies and people who live, work, worship, volunteer, or attend school in Newark, Elizabeth, or Jersey City.
- Headquarters
- 129 Littleton Rd, Parsippany, NJ 07054-1869
- NCUA charter
- 18710
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Eligibility is open to people who live, work, worship, volunteer, attend school, or regularly conduct business in Newark, Jersey City, or Elizabeth.
Employers and groups
- Eligibility is open to employees or members associated with sponsor companies or Select Employer Groups in the field of membership.
- Eligibility is open to residents of New Jersey, New York, or Pennsylvania who become members of the American Consumer Council.
Family and household
- Eligibility is open to immediate family members of existing members as well as persons who reside in their households.
Cost to join
- Opening a Membership Savings account with at least $5 secures membership.
Branches
6 branches in New Jersey
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New Jersey
6 branches
- MainMain office129 Littleton Rd, Parsippany, NJ 07054Directions
- Brick Branch990 Cedar Bridge Ave, Brick, NJ 08723Directions
- Dover Branch23 Prospect St, Dover, NJ 07801Directions
- Regular Branch120 Ferry St, Newark, NJ 07105Directions
- Parlin Branch2909 Washington Rd, Parlin, NJ 08859Directions
- South Orange Branch15 Scotland Rd, South Orange, NJ 07079Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 8.45% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.29% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.26% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $86 | $76 | — |
- CapitalNet worth ratio8.45%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.29%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.26%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$86Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Garden Savings FCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.