Sample Participating Organization Letter
Transcribe this letter on to company stationary and fill in the appropriate data fields. We can usually approve organizations for membership eligibility in our credit union within 1-3 days.
Chief Sales Officer
Garden Savings Federal Credit Union
129 Littleton Road
Parsippany, NJ 07054
Dear Mr. Powers:
I would like to make membership to Garden Savings Federal Credit Union available to our employees.
The nature of our business is (insert nature of business). We currently employ (insert number) people who are paid in/out of our (insert city that your payroll comes from), NJ location. We will be making direct deposit and/or payroll deduction available to our employees to facilitate your servicing of their financial needs.
We are not associated with any other credit union, and to the best of our knowledge do not fall within the field of membership of any other credit union. We are located approximately (insert your distance in miles from the nearest branch) miles from your (choose one location- Parsippany/Newark/Dover/South Orange), NJ branch.
I feel that adding Garden Savings Federal Credit Union would be a benefit to our employees. You have a full line of services to meet our employees' financial needs (i.e. debit cards, low interest loans, online banking). We do not intend to subsidize and establish our own credit union as that would not be what we do best and we feel would not be economically feasible. The group has no administrative capacity or management expertise to provide requested products and services and is not interested in sponsoring a newly formed credit union.
I look forward to a prompt response and implementing Garden Savings Federal Credit Union as an additional valuable benefit for our employees.
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