GCF Bank

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GCF Bank
680 North Delsea Drive
Glassboro, New Jersey 08028
Tel: (856) 589-6600 Ext. 202
Fax (856) 881-7755

A century has passed. A proud history exists. For over 100 years, GCF Bank has been providing the means for thousands of South Jersey homeowners to realize the American Dream. For over 100 years, GCF has provided a safe haven for individuals to place their hard-earned dollars. For over 100 years, GCF's Directors, Officers and Employees, who live and work locally, have made it their commitment to be directly involved in community, school, and charity events, always ready to support a needy cause.

GCF today remains an independent savings bank. Thus attention remains focused on local customers with local decision making, providing up-to-date products and services that can meet your financial needs. GCF continues to be a strong and well-capitalized banking institution, ready to move forward to a new and exciting future.

GCF Bank, the county's first insured Savings and Loan, can trace its roots back to 1903 as the former Pitman Savings and Loan Association.

Nearby Alcyon Building and Loan Association was organized in 1921. By 1960, it could boast of assets of just under $800,000.00. It began to offer enhanced services and reached out to a wider area; it had evolved to Gloucester County Savings and Loan Association.

On January 30, 1973, the Federal Home Loan Bank Board approved the merger of Gloucester County Federal Savings and Loan Association with Pitman Savings and Loan Association. The new institution would operate from its home office in Washington Township with branch offices in Pitman and Glassboro. It would be known as Gloucester County Federal Savings and Loan with combined assets over $24 million and reserves exceeding $1 million. Assets continued to grow, and a new branch in Monroe Township was opened in February 1981.

The Association's charter was amended in 1988 to allow the corporate name to change to Gloucester County Federal Savings Bank. This better portrayed the services the bank offered its customers.

In the 25 years since the present home office was dedicated, there have been additions and renovations. In January 2001 a new Administration Office was dedicated to better accommodate the growth GCF was experiencing and to allow for future expansion. Washington Township has exploded with growth. At the very center of this sprawling community sits our office.

The change of name from Gloucester County Federal Savings Bank to GCF Bank, in 2007, was approved as part of the five (5) year Business Plan (2006). GCF had already expanded beyond our Gloucester County roots with the Erial Branch (Camden County), our highly successful website presence and lending products throughout the United States. It reflects forward thinking and modern innovation as the bank continues to grow.

The industry and our communities have seen many changes, but GCF Bank remains one of New Jersey's, as well as the nation's, safest and soundest thrifts. It continues its dedication to local housing, service to its customers, and meeting the needs of its communities through a safe, sound and secure environment.

MORTGAGE

BUYING A NEW HOME?

The decision to buy a new home can be very exciting and exhausting at the same time. Take control by knowing what two factors lenders look for in approving a loan: simply your ability and willingness to repay the loan.

Ability to repay is determined by your income, length of time at your current job and employment history. Most lenders like to see that you have been on your job at least two years.

In considering willingness to repay, we look at whether the property will be used as your primary residence or rental income. We look at your credit history; are you current on all your monthly payments? Do you have any outstanding debt?
No need to worry about ever-changing market rates at GCF. Our exclusive, no-fee rate lock-in on our standard and construcution to permanent loans gives you protection from increasing rates from the time of application up to sixty (60) calendar days (180 calendar days for construction to permanent loan applications). In addition, if the rate in effect ten (10) calendar days prior to closing/first draw is lower than the rate at the time of your application, you will receive the lower rate. For more information as well as information on our flexible newly constructed home rate lock, please review our rate lock policy.