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, November 6, 2012

Edition #687

Today's Highlights:

Past issues of GCFlash:

October 23, 2012 Edition #686

October 16, 2012 Edition #685

October 9, 2012 Edition #684

October 2, 2012 Edition #683

Weekly Spotlight:

GCF Bank is happy to participate in the Holiday Food Drive for Mother's Cupboard again this year. The drive runs through Friday, November 16, 2012. Collection bins are located in all GCF branches.

Our Current Rates:

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

Today's National Market Rates
November 6, 2012 6 Mo Ago
1 Yr Ago
5 Yrs Ago
Dow Jones Industrial Average
(Up 1,028.12 or 8.42% since 12/31/11)
13,245.68 (+0.41%) 13,800.53 11,983.24 13,660.94
S&P 500
(Up 170.80 or 13.58% since 12/31/11)
1,428.39 (+0.79%) 1,369.58 1,253.23 1,520.27
(Up 406.78 or 15.61% since 12/31/11)
3,011.93 (+0.41%) 2,957.76 2,686.15 2,825.18
10 Year Treasury Bond Yield 1.74% 1.88% 2.05% 4.36%
British Sterling 1.6000 1.6144 1.5956 2.0844
Euro 1.2816 1.3072 1.3741 1.4484

Back to top

1st Flash

Perfect Wedding

June is the perfect time for a wedding. The weather is fairly predictable, travel is easier to coordinate for out-of-town guests, flowers are in bloom.

The tradition of June weddings dates back to the early Roman civilization. The ancient Roman goddess of marriage is named Juno. Early Romans honored her by being married in June.

Other theories date back almost as far. Couples who marry in June could time the conception of their first child so the pregnancy didn't interfere with harvest time when the wife was needed to work the fields.

During the 1400s and 1500s, people took their "annual" bath in May. So they were still smelling pretty fresh come June. Brides carried a bouquet of flowers to hide whatever body odor began to reek.

Based on such logic, it should come as no surprise that June no longer holds the honor of being the month with the most weddings. Today, you're more likely to be invited to a July or August wedding.

If there's a wedding in your future, chances are you're caught up in plans for the big event. You've found a hall, chosen a caterer, picked out a dress (or tux) and visited a slew of florists.

But perhaps the most important planning remains to be done. Perhaps you haven't even considered it.

How will you merge your assets? How will you manage your money?

This is essential, no matter what your financial position. Don't think for a moment that this only applies to those who have acquired a certain level of cash.

Those of you who are already living together should take heed, too. The rules are different for a married couple.

The "money" talk is just as important as the "baby" talk when a couple decides to wed. Different financial goals can place as much strain on a marriage as does decisions on whether or not to have children. If the mere discussion of money causes friction, run away. It won't get any easier as the years progress. In fact, you can bet a good deal of your married life will be spent arguing about money matters.

How much personal debt do you and your future spouse currently carry? What's your credit history? Once you marry, their history becomes yours. While you're not responsible for debt incurred before you were husband and wife, both histories will affect your credit worthiness. Best to fess up to any skeletons in your closet before the nuptials. It will only be harder when the facts eventually surface.

Discuss your goals and priorities. Talk about your needs and your wants. Make a list of both short-term goals, like buying a car or paying off student loans, and long-term goals like buying a home and retirement.

How much should be kept in an emergency fund to be comfortable? What level of spending is okay without getting your spouse involved?

How much money will you need to achieve these goals? Factor it into your living costs to make a budget.

Now list your sources and amounts of income. Do your expenses exceed your income? Go back to step one and see where you can make adjustments.

Will you maintain separate bank accounts or consolidate to a joint account? Or maybe setup a joint account for household bills and keep separate accounts for personal expenditures? If you decide to maintain separate accounts, be clear as to which household expense is to be paid from each account.

Traditional marriage vows include the phrase "for richer, for poorer." And it is true. Over the years, your marriage will typically include both times of good fortune and of bad no matter how much planning you do. But creating a plan together enables you to work through the hard times together. And achieving goals together is a pretty good reason to get married in the first place.

On The World Wide Web

Several merchants offer Election Day specials. Some only on November 6th, but many are extended past Election Day itself. Read this article to find those you can still enjoy.

Every year, veterans are invited for a free meal at Applebees. The restaurant chain even gives you a chance to post your own thanks to those that have served. Visit this site to share your appreciation.

Are you a dog person or a cat person? Cast your vote here. Purina, the contest's sponsor, will donate $100,000 to Pet Partners' veteran programs to help provide our military heroes with animal-assisted therapy. They'll add another $500 for every additional 500 votes submitted to this worthy cause.

Back to top

2nd Flash

Thank a Vet

It's only coincidence that Veterans Day falls right after Election Day. Yet it seems appropriate. Our thoughts are directed toward a new (or returning) group of leaders, while our hearts go out to those who risked their lives fighting for our right to vote for elected leaders in this country.

It's only coincidence that Veterans Day falls right after Election Day. Yet it seems appropriate. Our thoughts are directed toward a new (or returning) group of leaders, while our hearts go out to those who risked their lives fighting for our right to vote for elected leaders in this country.

We can debate our candidate's position because veterans have defended our freedom of speech. We can pray for those whose lives were cut short with our freedom of religion.

Not every country affords rights to their citizens. Not every government allows for such, many view individual freedom as a threat to their power.

We have family in Eastern Europe. The stories my mother-in-law told when she returned from a visit during the Communist reign would make you shiver. Families were given barely enough food to get through the day. The line for their daily bread resembled the early voting lines we saw last week on the evening news.

The government provided you with a job and a place to live. Understand that to mean they told you what job you would perform and where you would live. All workers received the same pay, regardless of skill or experience.

The home your family built generations ago was taken away. A family the size of yours shouldn't have such luxury. A small apartment was all you were permitted.

A customer came into our store not long ago and related his personal story. The government took away his family home in Eastern Europe during that same time period. They even took his father's tools, leaving him unable to ply his trade and provide for his family. The horror in his eyes as he told this story years later spoke louder than his words.

We've heard similar stories from Cuban exiles who jeopardized life and limb to escape. Only government officials were allowed luxuries like meat, medication or cars. Villagers used only bicycles for transportation. When the tires wore, they rode the rims. Rubber was another luxury item.

Our founding fathers didn't foresee Communism. But they had seen enough repression with British monarchy to assure the young nation they founded would never suffer that fate.

So they ensured the United States of America would have a properly trained and supplied militia to protect the very freedoms we still hold dear today. Veterans Day gives us an opportunity to show our heroes the appreciation they deserve.

On the 11th hour of the 11th day of the 11th month of 1918, an armistice was declared to cease the hostilities between the Allied nations and Germany during the First World War. While the Treaty of Versailles wasn't signed until June 28, 1919, the cease fire unofficially marked the end of the Great War.

On November 11, 1921, an unidentified American soldier killed in the war was buried at Arlington National Cemetery. U.S. Congress declared the day a legal federal holiday in honor of all those who participated in the war.

A resolution was passed in 1926 to commemorate November 11th "with thanksgiving and prayer and exercises designed to perpetuate peace through good will and mutual understanding between nations." It had already become a legal holiday in 27 states by that time.

Armistice Day was declared a Federal holiday in 1938, "dedicated to the cause of world peace."

Following World War II and the Korean War, President Eisenhower signed legislation changing the name to Veterans Day. It was now to honor American veterans of all wars.

Today, businesses around the country offer free meals, services or special discounts to veterans and active military members in appreciation for their service. Find an updated list of participating stores, restaurants, amusement parks and more at

Tip of the Week

Hurricane Sandy, like all natural disasters, brings out both the best and the worst of people. Communities come together to provide for those in need. Charities are quick to come to their rescue. And scam charities appear to take advantage of those most vulnerable. Before you donate, visit for unbiased ratings on legitimate charities. They include financial statements so you can see exactly how much of your donation goes to the cause and how much to the administrators.

Back to top

Financial Insights

STOCK SPLIT: The division of a company's existing stock into more shares.

Companies and brokers prefer to have stock purchases conducted in round lots, i.e., purchases of 100 shares at a time. However, investors often buy stock in odd lots, or purchases of less than 100 shares at a time. The reason is that many investors cannot afford to buy 100 shares of a stock in companies that may be selling for perhaps as high as $150 per share.

Such high prices often induce companies to declare stock splits. They issue two or more shares for every share of stock that's currently outstanding. For example, if XYZ stock were selling for $150 a share, XYZ could declare a two for one split. Investors who owned one share of XYZ would now own two shares. Each share would now be worth only $75.

As you can see, there is no change in the firm's ownership structure or the investment's value after the stock split. If the value doesn't change, why would a company split their stock?

The first reason is psychology. As the price of a stock gets higher and higher, some people feel the price is too high. Splitting the stock brings the share price down to a more attractive level. The actual value of the stock doesn't change, but the cheaper stock has psychological effects that might attract new investors.

Splitting the stock also gives existing shareholders the feeling that they suddenly have more shares than they did before. In reality, the total worth of the new amount of shares equals their previous total worth.

A stock split is usually done by companies that have seen their share price increase to levels that are either too high or are beyond the price levels of similar companies in their industry. The primary motive is to make shares seem to be more affordable to small investors even though the underlying value of the company has not changed.

A stock split usually results in a share price increase because many small investors think that the stock is more affordable and buy it. Another reason for the price increase is that a stock split provides a signal to the market that the company's share price has been increasing and people assume that this growth will continue in the future.

A final motivation for splitting the stock is to increase a stock's liquidity, which increases with the number of outstanding shares a stock has. For example, in a two-for-one stock split, every shareholder with one stock is given an additional share. If a company had 10 million shares outstanding before the split, it will have 20 million shares outstanding after a two-for-one split.

Visit this site OR this one to view the stock splits calendar.

Bottom Line: Buy a stock because you think it's a good value, not because it's going to split.


"Elections are a good deal like marriages. There's no accounting for anyone's taste. Every time we see a bridegroom we wonder why she ever picked him, and it's the same with public officials." - Will Rogers

Today in History

1860 - Abraham Lincoln is elected 16th president of the United States.

Flash Fact

Wonder why elections are held on Tuesdays? Back when voters traveled to the polls by horse, Tuesday was an ideal day because it allows people to worship on Sunday, ride to their county seat on Monday and vote on Tuesday - all before market day, Wednesday.

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

Back to top


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 more comprehensive information, visit our Web site at or call (856) 589-6600 Ext: 337 (Timothy P. Hand)


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