# GARDEN SAVINGS
PARSIPPANY, NJ · NCUA charter 18710 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/garden-savings-18710

Who the members are: federal charter, multiple common bond, organized 1968, low-income designated. 30,558 members of 605,660 potential (5.0% of the field); checking penetration 48% (share draft accounts per 100 members); loans per 100 members 69.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $494.8M |
| Members | 30,558 (-7.1% YoY) |
| Full-time staff | 73 |
| Net worth | $41.8M |
| Net worth ratio | 8.4% (p7 of band) |
| ROA (annualized) | 0.42% (p29 of band) |
| Total delinquency | 1.34% (p89 of band) |
| Net charge-offs (annualized) | 0.32% (p44 of band) |
| Loans / shares | 83% (p73 of band) |
| Cash / assets | 4.5% |
| Borrowings / assets | 3.44% |
| Net interest margin | 3.54% (p50 of band) |
| Operating expense / assets | 3.66% (p48 of band) |
| Vehicles % of loans | 28% (p40 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 25% |
| Third-party paper % of net worth | 84% (p51 of band) |
| Vehicle delinquency | 2.22% (p95 of band) |
| Vehicle NCO | 4.61% (p99 of band) |
| Repossessed % of vehicle book | 0.80% (p98 of band) |
| Real estate % of loans | 55% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 67% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 31% |
| Average share balance | $7,629 |
| Participations bought / yr | $12.0M |
| Participations sold / yr | $83,220 |
| Participations outstanding | $60.9M |
| Loans outstanding per 100 members | 69% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $17,052 |
| Loans granted, annualized | $132.2M |

## Participation posture (from the same filings)

Bought $12.0M and sold $83,220 in the latest annualized quarter; $60.9M outstanding purchased (145.9% of net worth), $882,656 sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares -3.9% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency 2x band** (`aq_dq_high`)
- **repo signal** (`aq_repo`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | delinquency 2x band, charge-offs p90, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  | charge-offs p90 |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | net worth falling |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 4 | losing money |  |
| 2018-03 | 6 | thin capital, charge-offs p90 |  |
| 2018-06 | 5 | repo signal | net worth falling, losing money |
| 2018-09 | 3 |  | 3rd-party paper>100% NW, thin capital |
| 2018-12 | 4 | thin capital |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 2 |  | delinquency 2x band, charge-offs p90 |
| 2019-09 | 4 | delinquency 2x band, charge-offs p90 |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 5 | losing money |  |
| 2020-06 | 7 | net worth falling, members leaving |  |
| 2020-09 | 5 |  | charge-offs p90, members leaving |
| 2020-12 | 5 |  |  |
| 2021-03 | 4 |  | losing money |
| 2021-06 | 4 | charge-offs p90 | net worth falling |
| 2021-09 | 5 | members leaving |  |
| 2021-12 | 5 |  |  |
| 2022-03 | 5 |  |  |
| 2022-06 | 6 | assets shrinking |  |
| 2022-09 | 7 | leaning on borrowings |  |
| 2022-12 | 5 |  | members leaving, assets shrinking |
| 2023-03 | 3 |  | thin capital, charge-offs p90 |
| 2023-06 | 3 | thin capital | delinquency 2x band |
| 2023-09 | 4 | net worth falling |  |
| 2023-12 | 5 | members leaving |  |
| 2024-03 | 5 | losing money | net worth falling |
| 2024-06 | 5 |  |  |
| 2024-09 | 3 |  | repo signal, members leaving |
| 2024-12 | 5 | charge-offs p90, repo signal |  |
| 2025-03 | 4 | net worth falling | leaning on borrowings, charge-offs p90 |
| 2025-06 | 4 |  |  |
| 2025-09 | 3 |  | net worth falling |
| 2025-12 | 3 |  |  |
| 2026-03 | 5 | delinquency 2x band, assets shrinking, members leaving | losing money |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-21 [Garden Savings Federal Credit Union agrees to $6.2M vehicle repossession class action settlement - Claim Depot](https://news.google.com/rss/articles/CBMigwFBVV95cUxNemlaeEZpeURNUXltUzVxQVF5bm50emI0MTcwamJkSkN0VzNNT0R2dUVfNjZmcDZZN0c4c2M0Q2ZZUzFwYk56YUMtRXBXYVh1Ym9MamYwSG9Yc1NJWGVFMTJjYkt5UVNsdDM5cXhtd1dXdDFTTXNyU19Fci02WDhZWEQ5aw?oc=5) · Claim Depot
- 2025-09-02 [Garden Savings Federal Credit Union announces grand openings of Sayreville and Brick branches - CUInsight](https://news.google.com/rss/articles/CBMizwFBVV95cUxQeFF4ZW9fQVdGN19uYzMxRUpjeXNMRHd2N0xjZm1KamRnV0xfVVBBaldDMXo0SnFhMUhmMHhvZHp3TXJnS3Z3RXk4U3E3NDQtWjFMdVlwbkNIZ0psblN0bVR5S1lnS0E1MExURHVmZ1k0LVVrcFM1dFZrdTA0OXo3NlN2dkwwNU1WTEtvdmcyb2diM3JzTUlPbVFnekZWTkZ0aUpuMFdzM0NqTC1fZnZ3OEpmbHdjZTd6WGQzRUpDdEIydmQxWXRlU3h2ZU9yVzg?oc=5) · CUInsight
- 2025-10-17 [Garden Savings Federal Credit Union Celebrates International Credit Union Day - Parsippany Focus](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPMFFCWm44SUN6aXoyOFZmMjFrdnpvQ3hDSjZySS1mTmUwem91blMwRmp3QzlLLVA4bVM5YkV2M0g1TEwtRnFsTXdkY0dkbmpWa1hVQ3FkV2toaWhEUy1yVm9qVjZCX01xYW1TYXE1U1lhY2tiNVNLM3pINTg1WVZqdFBFMkFBZkJCMzlfYzZGdWk3YUNIMWhKY2RXLWZfQlpkZWI4SE0wLWJHZw?oc=5) · Parsippany Focus
- 2024-01-04 [Garden Savings Federal Credit Union Announces Certification of 2 Team Members as Financial Counselors - cutoday.info](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNLXFDRm1mc0tHLV85ZjQ5NTBNNmVfLXByei1IVEx4dzVzRnJWNmEzOXVCa0htc2NTdGRET3lDZEN6SWhnakFUYTNWMVNvU0w5R3NGUzhndkhCc1c2REtPM3pzUWtLQmRscVlmbldWNmg1RUxwU2haajdLdmRfdFFlb2Jmb0RUSjBVckVZck5qUFVuMzN2bEtEdW5FbnRNTnBMR1l4bzR5bTdMUmNMeTVNcnFvdlh5U1VYYTRVdTh4M05tWllkQWZQb1EwTk0zMzd1YnBoSDdQUEs5d1k?oc=5) · cutoday.info
- 2022-07-01 [Garden Savings Federal Credit Union announces retirement of President/CEO and a new President/CEO for 2023 - CUInsight](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQOVktX2xJN2lLOWpjRXJfeFpWdjgzclYwR3I1aU1VSVowQXZWeHhVWFJuNXlFR3NWaXNGLW43cnA3cHhPRlR0MXJOVVl6ckpsUHRvRzdPOWJQUzR4SkpsbGV4RkY4dXFSVmtRQVFubEJWd1hxT1VVcWtUOVdGUkd2MjdZQzNCOEt0YUdfbF8yRDZmT0ZGMW8zX1U3UmFNem81R0pNQTVqcV9NQ0JURzQxSUFBY1hBXy1CdnFQQ3FtbFhCMG5wakwzOTVWWmlpdTMxd3E3YjJBZnV4bjF1MlVSXw?oc=5) · CUInsight
- 2024-12-04 [Stop Earning 0% in Your Checking Account. It's Time to Switch to One of These Top Banks - Investopedia](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQTWhZcl9kSlZNVGVSRVNrLXcxWEFtSFczNEU5WHV5QjlVV2RsLVBVck5neHBOaFlTckZycmt1SkpadVhlNWgwb1RFSmhGYVJ5X2tYSE9COTM3U2lsWjRVUm1UMFdYbE82NU8wTHBmXzRkRnFFRUcxZlBSUU5wTnV6OENocXlDR21oTmF1ZlVWM3hYOEx3bG5PZTRZU3IxUXFheDdwMXdRUXdZek16LXk3Y05DYWJpaEJ0UlFhTHZHQUJIZlBOTldUVw?oc=5) · Investopedia
- 2023-05-14 [Garden Savings FCU Intro’s New AI-Powered Phone Assistant - cutoday.info](https://news.google.com/rss/articles/CBMimgFBVV95cUxPQzQ0VXlldWpXLTJPeVZ3R0lMWG1DNU13RkRoWWtIdHN1Ui1rSlBUUlFrR29fM2thZVZ3bHo2bXN3Wk9sRHhSOW1JX1NTekVlSWtFaHNIekx5d1RFazJvTTJZYkhwUE9RQ1hBLWtiYm9vS0hqLUtWSGxwRFFwY1E1ekp6RkJKR2RVS2dmMUVQSzBLOGpPWlNfcGd3?oc=5) · cutoday.info
- 2017-09-26 [7 New Business Opening in Downtown South Orange This Fall - villagegreennj.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxPUU1UTjJrNDRkRWd5anYxYzJpR3FFNC0wZXowSUtvMzVMcGZaa2hERzg2REhhaGhMZ1F0ZkRSWnRLRUtQUFE2enBtZ3ktemR3Qm9VRHZNNnhHSGl6d2Rva0JVVGU2MGtIanVnYjFjVWk4YkZPdFNTOWlTUGxnVXhQV3BVRGs4NEFWR2ZYenoyOA?oc=5) · villagegreennj.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=18710 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/22.json (key "18710", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=18710
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide