Now You Can Choose Your Financial Institution
Not all financial institutions are alike, just like not all people are alike. People like you look for better alternatives to managing their money. Garden State Federal Credit Union offers you an option. You can choose to eliminate high interest and high fees from your life by choosing to join Garden State FCU.
Garden State Federal Credit Union is uniquely different from a bank, finance company, Savings & Loan, or Thrift. Once you join us, you'll be immediately eligible for our low or no-fee financial services, lower interest rates for loans, and higher yield investment and savings accounts, plus outstanding member services and the attention you deserve.
Joining is easy. If you are eligible, just open a Primary Savings Account which represents your "share" in the credit union. Your $5.00 deposit in this account begins your lifetime of credit union benefits.
What Is A Credit Union?
Garden State Federal Credit Union is part of a long-standing tradition in personal finance management. The credit union concept originated in Germany during the mid-1800s. A group of farmers, tired of high prices and outrageous interest rates, combined their money to buy supplies and establish a common pool to borrow from at lower interest rates.
Today's "credit unions" are similar. They are not-for-profit, member-owned, and democratically operated by people just like you. Currently, there are over 11,700 credit unions in the United States with more than 74,000,000 members. Although credit unions have changed over the years to meet the demands of their members, our long-standing philosophy of "People Helping People" has remained the same.
Garden State Federal Credit Union is a unique, not-for-profit, member-owned financial institution. We are chartered by the federal government and regulated by the National Credit Union Administration (NCUA). Member deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF). Non-IRA acccount are insured up to $250,000 and IRA accounts are seperately insured up to $250,000 for a possible combined total federally insured up to $500,000.
Unlike banks that are driven to provide a profit for shareholders, our credit union returns excess earnings to our members. We do this by providing friendly and personal service, lower interest rates for loans, higher yields on savings and investment accounts, and by adding new financial products and services.
If you are an employee of any of our Select Groups, townships or cities or a family member or household member of an Garden State Federal Credit Union member, you can join. And your membership is for life. Whether you move, change jobs, retire, or marry, you are still a member with access to all membership benefits and services. Wherever you go, you can keep in touch with your credit union by phone, mail, fax, computer, or in person.
If you change your lifestyle, be sure to visit or call the credit union to ensure that you continue to enjoy your money-saving benefits.
Garden State Federal Credit Union has been serving its members since it was founded in 1960 as The Camden District Telephone Federal Credit Union. We now serve over 4,400 members. Our membership also includes members from 37 Select Groups (SG) and 9 select cities and towns.
As a member, your family members (i.e., spouse, children, parents, siblings) and household members are eligible to join. Your credit union membership is for life, regardless of whether you change jobs, move, or retire. Wherever you go or whatever you do, you can access the credit union's financial products and services by mail, phone, fax, email, internet, and nationwide ATMs. If you change your lifestyle, a call or visit to the credit union ensures that you continue to enjoy the money-saving benefits.
We are governed by a member-elected Board of Directors. The Board of Directors establishes loan and savings policies and directs the affairs of the credit union.
The Supervisory Committee oversees the financial affairs and strength of the credit union.