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, August 20, 2013

Edition #726

Today's Highlights:

Past issues of GCFlash:

August 13, 2013 Edition #725

August 6, 2013 Edition #724

July 30, 2013 Edition #723

July 23, 2013 Edition #722

Weekly Spotlight:

Today's issue of GCFlash marks 14 years of continuous publication. The staff has changed but our mission remains the same. Read about our beginnings and purpose.

Our Current Rates:

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

Today's National Market Rates
August 20, 2013 6 Mo Ago
1 Yr Ago
5 Yrs Ago
Dow Jones Industrial Average
(Up 1,615.63 or 12.07% since 12/31/12)
15,002.99 (-0.05%) 14,035.67 13,271.64 11,417.43
S&P 500
(Up 226.16 or 15.86% since 12/31/12)
1,652.35 (+0.38%) 1,530.94 1,418.13 1,274.54
(Up 594.08 or 19.67% since 12/31/12)
3,613.59 (+0.68%) 3,213.59 3,076.21 2,389.08
10 Year Treasury Bond Yield 2.81% 2.03% 1.81% 3.80%
British Sterling 1.5673 1.5479 1.5695 1.8623
Euro 1.3422 1.3346 1.2332 1.4696

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1st Flash

Happy Birthday GCFlash!

Where does the time go?

As parents, we ask that question at the beginning of each new school year. When our child leaves for college. On their wedding day. At the birth of their own children.

I feel that same sense of wonder every August when we celebrate another full year of publishing GCFlash. If we were a school kid, we'd be entering our sophomore year of college. As co-creator, I can't help but reflect on these past 14 years without an awareness of how far we've evolved.

What a different world we lived in August 24, 1999 when we delivered our first issue to your inboxes.

Preparations were underway to avert the catastrophe that was certain to strike every major computer system worldwide when the clock struck midnight that New Year's Eve. You wouldn't be able to access your money since ATMs would go down. Stock up on prescriptions, your pharmacy won't be able to access your records. Energy grids, transportation systems, virtually anything running by computer had to be reconfigured and tested to avoid disaster when processors fail to recognize the new date structure.

Maybe we haven't really strayed too far, after all. Just this past December survivalists were preparing for the end of the world as the Mayan calendar drew to its close. The sun rose to find Earth intact on December 21, 2012. Just as computers flawlessly recognized January 1, 2000 as merely another date to process programmed functions.

Witches and wizards were all the craze. The Blair Witch Project was filmed on a tight budget, yet became one of the most influential movies of the era. Harry Potter topped the New York Times bestseller list and continues to enchant both kids and parents alike today.

Both were a bit tame compared to the vampire craze we're witnessing now. Parents worried that books glorifying witchcraft would impact their children. Yet now that those children are grown and become parents themselves, blood sucking isn't deemed so bad. Maybe their elders were correct.

President Bill Clinton was acquitted on impeachment charges. And later cited for contempt of court for giving "intentionally false statements" in a sexual harassment civil lawsuit.

I will leave each of you to draw your own analogy to current events here. Substitute sexual harassment for your scandal of choice.

The Internet was young. Advertisers had only begun including a web address in their commercials. The full URL was displayed as the public wasn't yet accustomed to the protocol. Designers had to be creative to squeeze the entire "" into the space allotted and remain legible.

The Euro currency was introduced January 1, 1999. It was to be the backbone of a unified Euro Nation. It survived a crucial test last year as economic crisis plagued one member nation after another.

The Dow Jones Industrial Average closed the year at 11,497. It eclipsed the 10,000 mark for the first time earlier in the year.

Interest rates were wonderful if you were a saver, not so pleasant if you carried debt. The Federal Reserve year-end rate was 8.50%.

Average U.S. income per year was $48,810. A new house cost an average of $131,750, new car $21,050. We paid $1.22 for a gallon of gas and 33 cents to mail a letter.

For comparison, in February 2013 average income was $51,404. In May 2013, average sale price of a new home was $263,900. Average price for a new car reached $31,228. To avoid enraging our readers, we'll skip the price of gas comparison.

Time rolls by more quickly with each passing year. It's only when we take a moment to reflect do we really gain a sense of all that's transpired. Perhaps its for the best, as it would be too overwhelming to carry it all with you day-to-day.

Yet, despite all the change, some things will always remain the same. It's what keeps us grounded and moving forward towards the next wave of change.

On The World Wide Web

Do you remember the Financial Insights column that once appeared in GCFlash? Some articles remain on our website.

Looking for product terms or disclosures? We don't hide behind small print. Find all GCF policies, terms and disclosures in one convenient place.

GCF recognizes that a flourishing community develops through a partnership between business and the neighborhood it serves. Read about our community activities.

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2nd Flash

Did You Miss It?

We've covered a lot of ground in GCFlash this past year. In case you haven't had a chance to read each information-packed issue, here are highlights of what you've missed.

Rather than link each topic listed here to the articles mentioned, use the Search box at the top of every page on to find those that match your interest. You may find more than you can imagine!

Our primary focus in GCFlash is cyber security. We pass along new threats, scams and alerts as soon as we learn of them. Before you fall victim. We maintain a library of the most important articles in our Security Center.

In the past, these were always stories of doom and gloom. But times have changed. Cyber thieves are finally getting caught in their tracks. And it's our pleasure to pass the good news along to you, too.

New technology is unveiled. The Consumer Electronics Show gives us a glimpse of neat new items hitting the marketplace in the near future. Learn about them here.

Trying to figure out a new Facebook feature? Need to sell something on Craigslist? Want tips on shopping online? We've covered these, too.

You'll learn about new products and features here first. Any details you miss are easily found on our website for continued reference. When Popmoney went Mobile, we had the scoop.

Every year without fail, a reader will write early in the year asking us to write about tax changes. The subject most certainly provides a lot of material. First, it's year end speculation about what may happen. Areas of concern we need to prepare for, just in case they occur.

Every year brings drama. Will the Alternative Minimum Tax (AMT) be revised? Items like education credits, energy credits and mortgage interest seem to be regulars on the chopping block as budget debates ensue.

Tax preparers follow the discussion closely. They can't advise clients until the final bill is agreed upon. Printers can't produce forms. The self-employed can't estimate tax payments. It's always a last-minute deal for everything to fall into place. You can trust us to stay on top of events as they unfold.

Count on us to provide news you can use. We've helped in getting your financial life in order by instructing how to build a budget from scratch, improve your credit score, pay off credit card debt, and avoid medical bankruptcy.

We've offered tips on filing a consumer complaint, building a new home and planning your vacation. We've explained what to look for in choosing an online graduate school, assisted living facility or nursing home.

If it affects daily life, you'll find it covered here.

We know you could have chosen any bank to safeguard your money. But you chose GCF. And that trust means a lot. It means we have formed a relationship. One that transcends the business/customer boundary.

So we feel a responsibility to see to your overall well being as well as that of your financial security. We want you to be glad you made GCF Your Choice for a Better Community Bank.

Tip of the Week

In our commitment to your online safety, GCF offers comprehensive resources, tools and tips for your cyber security education. Our Security Center contains a glossary of common terms, tips on avoiding identity theft, resources for victims, security alerts, educational games and videos, fraud prevention articles and much more. Visit it often.

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"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." - Thomas Jefferson

Today in History

1964 - President Lyndon Johnson signed the Economic Opportunity Act of 1964, allocating nearly $1 billion in an unprecedented anti-poverty measure.

Flash Fact

The first telegram sent around the world traveled 28,000 miles. It originated in the New York Times Building with its destination in the same room, taking 16.5 minutes to reach it.

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


For a copy of our Privacy Policy, visit

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

If you would like to be removed from this electronic mailing list, click this link to send us an email to unsubscribe. Please note, removing your name from our electronic mailing list means GCF will send NO FUTURE NEWS or SPECIAL OFFERS.

GCF Bank
381 Egg Harbor Road
Sewell, NJ 08080
(856) 589-6600