We are keeping a close eye on the "Heartbleed" bug you may have heard about. The vendor we use for Online Banking has completed a preliminary assessment and has not discovered any vulnerability. We will be sure to keep you updated should anything to the contrary be discovered. Rest assured that we are doing everything we can to help ensure that your information is safe.

It is always a good practice to use unique passwords for all of the online services you access. If your GCF Online Banking password has also been used with a different service, we do recommend that you change your Online Banking password at this time.

If you currently utilize GCF’s online banking EXPRESS TRANSFER function to make your loan payments, this service will be temporarily unavailable from April 25, 2014 through June 9, 2014. As an alternative to this temporary inconvenience, you can do one of the following:

  • Contact 1-877-589-6600 ext. 320 or 368 between the hours of 9:00 a.m. and 5:00 p.m., Monday through Friday, to manually complete the transaction.
  • Mail a check to Investors Bank, 101 Wood Avenue South, Iselin, NJ 08830.
  • Sign up for GCF’s online bill payment system and set up a monthly payment to be sent to Investors Bank.

Fast Access

GCF Bank is now part of the Investors Bank family!

Tuesday, May 21, 2013

Edition #713

Today's Highlights:

Past issues of GCFlash:

May 14, 2013 Edition #712

May 7, 2013 Edition #711

April 30, 2013 Edition #710

April 23, 2013 Edition #709

Weekly Spotlight:

Looking for the "small print?" At GCF, we don't hide vital information. Find quick links to our policies, guidelines, terms and regulations here.

Our Current Rates:

For a listing of our current deposit and loan rates, click here.

Today's National Market Rates
May 21, 2013 6 Mo Ago
1 Yr Ago
5 Yrs Ago
Dow Jones Industrial Average
(Up 1,967.04 or 14.69% since 12/31/12)
15,354.40 (+0.80%) 12,795.96 12,504.48 12,828.68
S&P 500
(Up 241.28 or 16.92% since 12/31/12)
1,667.47 (+1.03%) 1,386.89 1,315.99 1,413.40
(Up 479.46 or 15.88% since 12/31/12)
3,498.97 (+0.97%) 2,916.07 2,847.21 2,492.26
10 Year Treasury Bond Yield 1.94% 1.61% 1.74% 3.78%
British Sterling 1.5156 1.5877 1.5817 1.9542
Euro 1.2908 1.2740 1.2764 1.5563

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1st Flash

40 Years Ago

Americans were glued to their television sets forty years ago today. There was no Internet, no social media, not even cable news networks reporting their own bias during the Watergate hearings. Network news was all we had.

And it was good. They reported what used to be known as facts, allowing the viewer to draw their own conclusion. How we wish there were a bit more of that today! But I digress.

Richard Nixon served as President of the United States during the most turbulent years of this century. Step back in time to relive some of the events of 1969, his first year in office, in the August 18, 2009 edition of GCFlash.

He was re-elected by a landslide victory and sworn in for his second term in January 1973. It was an eventful year. The Paris Peace Accords were signed, signaling the end of the war in Vietnam. Roe v. Wade legalized abortion. The European Economic Community was formed. Spiro T. Agnew resigned as vice president amidst tax evasion charges.

The Senate established a Committee to investigate a break-in of the Democratic Party's National Committee offices at the Watergate Hotel office complex.

The country was deeply divided during Nixon's first term as president. A forceful presidential campaign seemed a sure path to re-election by some members of his Committee to Re-Elect the President. To ensure his success; they broke into the opposing party's headquarters, stole copies of top-secret documents and bugged the office's phones.

The wiretaps malfunctioned. So the group returned to the building on June 17 to replace them with new microphones. But they got busted in the act. A security guard noticed tape over the building's locks and called the police.

The five crooks were caught red-handed. Cash found on them at the time of their arrest was connected to a slush fund used by the president's re-election committee by the FBI.

It wasn't immediately known that the burglars were connected to the president. Nixon swore his innocence and insisted his staff was not involved. The voters believed him and re-elected him in a landslide.

Two Washington Post reporters smelled a skunk. They didn't believe the rhetoric and went out in search of the truth. Bob Woodward and Carl Bernstein won a Pulitzer Prize for their investigative work, which they later published in the book All the President's Men.

Most of their information came from an anonymous source, known only as Deep Throat at the time. His identity was finally revealed to be W. Mark Felt, a former associate director of the FBI, shortly before his death in 2008.

Facts began to emerge slowly. It was learned that Nixon arranged for hundreds of thousands of dollars in hush money to the burglars just a few days after the break-in. He and his cronies hatched a plan to coerce the CIA into impeding the FBI's investigation into the crime.

The cover up was deemed worse than the crime itself. The deliberate obstruction of justice was an abuse of presidential power.

As the investigation went into full swing, some of the conspirators began to crack under the pressure. White House counsel John Dean testified before a grand jury. Other Nixon aides testified that the president secretly taped conversations that took place in the Oval Office. Those tapes would provide proof that the president was guilty of the cover-up.

Legal battle ensued over release of the tapes. Nixon didn't want to give them up, but he did eventually surrender some of them. By then, the House of Representatives had voted to impeach him for obstruction of justice, abuse of power, criminal cover-up and several violations of the Constitution.

The tapes he did hand over provided undeniable evidence of his role in the Watergate break-ins. Knowing he would be impeached by the Senate, Richard Nixon resigned the presidency on August 9, 1974.

What we don't learn from history, we're doomed to repeat.

On The World Wide Web

Tragedy Assistance Program for Survivors cares for the families of our fallen heroes. Find their resources and programs on their website.

Your dream of a college education doesn't have to die along with your fallen patriot. A list of scholarships and grants available to eligible dependents can be found at this site.

The mission of Wounded Warrior Project is to honor and empower wounded warriors. Learn how you can help.

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2nd Flash

Commemorate First, Then Celebrate

Memorial Day. We anxiously await the first three-day holiday weekend of the season. This one signals the unofficial beginning of summer, barbeques, and the vacation season.

Northeasterners plant their gardens. South Floridians are harvesting their last crop before the summer sun scorches all in its path. All of those living in between are in varying stages of the plant/bloom/harvest cycle.

We all know the purpose of this holiday, despite how we choose to celebrate it. The origin, though, isn't quite so clear.

Over two dozen cities claim to being the birthplace of Memorial Day. Each dating back to the 1860s in honor of those killed in the Civil War. Originally called Decoration Day, it was observed by decorating the graves and praying for our fallen soldiers.

General John Logan, leader of an organization for Northern Civil War veterans, proclaimed the first official observation of this holiday on May 30, 1868. New York was the first state to officially recognize it in 1873. By 1890, all of the northern states joined in the recognition.

The South took a little longer to join in. It wasn't until after World War I, when the holiday changed to honoring all who died fighting rather than just the Civil War, that the entire country commemorated the holiday.

Traditionally celebrated on May 30th, it was changed to the last Monday in May with the National Holiday Act of 1971 to ensure a three day weekend. Since then, the holiday's significance has changed from its original purpose. More people plan barbeques or travel to the shore than attend Memorial Day parades.

How can we honor those who have fallen in service to our great country? At 3 p.m. local time, pause for a Moment of Remembrance. Observe it in your own way; whether it be prayer, silence or listening to Taps.

Display a flag properly on your home and place of business. Don't remember proper flag etiquette? Find it here.

Many of our fallen no longer have family in the area of their burial plot to maintain their gravesite. Spend some time at your local cemetery. The office may be able to provide you with locations of veterans' final resting places that can use attention. Tidy up the area. Place a small American flag at the gravestone. Plant flowers where permitted.

Do you know of a military widow, widower or orphan? Let them know their loved one's sacrifice is not forgotten. Lend aid where needed. Support disabled veterans.

Only a handful of towns even have a Memorial Day parade any longer. Fortunately for you local readers, Glassboro is among them. Start your day on the parade route beginning at 10:00 a.m. The parade starts on University Boulevard and travels on to High Street. The event ends with a ceremony honoring our fallen heroes at the Veteran's Memorial Monument adjacent to the Fire House on High Street.

Make this Memorial Day special for your family. Share your respect for those who made the ultimate sacrifice, and they'll do the same when it's their turn to carry on tradition.

Tip of the Week

May is National Motorcycle Safety month. Motorcycles are easily hidden in a car's blind spots since they're so small. Check twice before changing lanes or turning in your car to assure you're not taking a life. Learn these Ten Things All Car and Truck Drivers Should Know About Motorcycles.

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"If you once forfeit the confidence of your fellow citizens, you can never regain their respect and esteem. It is true that you may fool all of the people some of the time you can even fool some of the people all of the time; but you can't fool all of the people all of the time." - Abraham Lincoln

Today in History

1901 - Connecticut became the first state to enact a speed limit law. Vehicle speeds on city roads were restricted to 12 miles per hour, 15 mph on country roads.

Flash Fact

The taped Oval Office conversations President Nixon eventually handed over to investigators had an 18-minute section erased. Nixon's personal secretary, Rose Mary Woods, testified she had done this accidentally when she pushed the wrong foot pedal on the recording device. Later analysis determined the tape had been erased in several sections.

Have a comment about something you read in GCFlash? Suggestions for future articles? Drop us an email!

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GCFlash is a weekly e-mail sent only to its listed customers and associates free of charge. GCFlash informs customers of special product offerings which may be of interest, current interest rates on both deposit and loan products, selected financial news and other financial tidbits. GCFlash is intended to supplement the more comprehensive information listed on the GCF Web site at


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GCF maintains your e-mail address in a confidential and secure database along with much of your other account information, such as mailing address and telephone number, etc. Before aggregating our e-mailing list each week, we filter out any duplicates. In most cases, this inhibits the unintended e-mailing of multiple copies of GCFlash to a single e-mail address. However, because these account records are kept by both individual and account, there is a chance members of the same household could each receive a copy of GCFlash or any other transmission at the same e- mail address - resulting in multiple copies. For example, a husband and wife that both have accounts with GCF may both receive a copy because the names are different but listed at the same e-mail address. This is similar to the manner in which each individual may share a common telephone number. To handle this situation, GCF recommends you simply delete any extra copies of GCFlash as this will ensure that ALL individuals receive any future promotional mailings, which might only be targeted or offered to specific accountholders meeting certain criteria. GCF has the capability to suppress customer e-mail addresses so they are omitted from our transmission list. If you would rather have a specific household member's e-mail address suppressed in our electronic database, simply send us a reply, as stated below, and indicate the accountholder for which you would like to have e-mail suppressed. Please keep in mind that this suppression will mean that NO future e-mails are sent, including special promotional offers. If you have any questions about this process or need additional information, please contact us at

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