News Release


Recent News


We ask our employees and members to help us collect gift during the holiday season to be donated to children in low-income communities to being joy and fun to their lives.

Annual Food Drive

We ask our employees and members to assist in collecting non-perishable foods so that we can help our communities members who are in need of better access to food.

Networking Event For Young Professionals

When:                 Wednesday, October 17th

Time:                  5:30 PM – 7 PM

Location:            Paramus Branch Lobby, 40 West Century Rd., Paramus NJ, 07652

Who:            Young Professionals aged 22-37 (Born between 1981 – 1996)

Cost:            $5 entrance fee to benefit the Greater Alliance Hopes & Dreams Scholarship Fund. You can pay with a credit card below, or at the door.

A great opportunity to meet other young professionals in the community and have some fun!

A chance to win great prizes:

  • Enter for a chance to win an ECHO SPOT
  • Enter for a chance to win a pair of Broadway Tickets

Light refreshments will be served, and make sure to bring business cards!

Sign up now, LIMITED SPOTS!

Home Buyer Fair – Hablamos Español    

When:                 Saturday, September 29th

Time:                  9 AM – 1 PM

Location:            Hackensack Branch Atrium, 359 Main Street, Hackensack, NJ

A FREE one-Stop Shop to help first-time home buyers become confident, educated and prepared consumers!

Our 2018 Fall Home Buyer Fair will feature activities including:

Informational booths

  • Realtors
  • Home Inspector
  • Home Buying Counselor
  • Title Company
  • Mortgage Loan Officers
  • Home Insurance


Workshops for First-Time buyers

  • 10 AM – 11 AM – Home Buying readiness and credit
  • 11 AM – 12 PM – What to Know as a First Time Home Buyer
  • 12 PM – 1 PM – Lo que debe saber como comprador de vivienda por primera vez


Chance to win great prizes:

  • Enter for a chance to win an ECHO SPOT when you attend the fair.
  • Enter for a chance to win a $100 VISA GIFT CARD for attending any one of our workshops!
  • Register Today:

  • Please choose the different events you will be attending: 9 AM – 1 PM -Home Fair


Contact:  For additional information please call 888-554-2328 x280 or email us at gro.ecnaillaretaergnull@ofni

Enjoy family-friendly activities and enter to win some great prizes while learning how to prepare for the most important investment you can make in your family’s future.

2018 Golf Outing and Scholarship Winners

On June 25, Greater Alliance Hopes & Dreams Foundation held its annual Golf Outing at Edgewood Country Club. The day began with a putting contest and lunch overlooking the course. After a sun-filled day of 18 holes, golfers were treated to dinner, prizes and a silent auction.

During the dinner, Greater Alliance Federal Credit Union honored its founder, Jerry D’Ambrosio. He was the credit union’s first President/CEO who took a stagnant credit union and reinvented it into one of the largest and most profitable in the country. His greatest sense of accomplishment was building his credit union team made up of intelligent people who were willing to work hard and learn together.

“It was my honor to present Jerry with this award,” said Glenn Guinto, CEO, Greater Alliance Federal Credit Union. “We continue his work with an incredible team who believes in the same dream that Jerry did, allowing us to grow today.”

The foundation also awarded its annual scholarships to Shane Ciongoli, Dante LaRocco, Meagan Minchala and Aliyah Walker. The scholarships are awarded, not necessarily to the straight-A student but to the students with outstanding character who are looking to help pursue a career dedicated to teaching or helping children who are disabled or disadvantaged. Scholarships varied between $1,500 and $3,500.

The 140 golfers helped to raise over $25,000 for next year’s scholarships and other programs. This was the largest and most successful outing to date. Proceeds from this event and others throughout the year are dedicated to supporting programs, activities and research aimed at helping less fortunate and handicapped children and families through grants, donations and scholarships.

For more information on the golf outing visit:


About Greater Alliance Hopes & Dreams Foundation For Children
Greater Alliance Hopes & Dreams Foundation for Children is a non-profit foundation based in Bergen County, NJ. The foundation serves the community through monetary donations that help charitable organizations reach their goals and families overcome their financial obstacles. It strives to reach both handicapped children and those working to make a bigger impact in their lives. Monies received to help the children come from two main fundraising events held each year: the Annual Golf Outing and Annual Beefsteak Dinner at The Brownstone. The donated amounts are dispersed to organizations and families through the help of our Greater Alliance Hopes & Dreams Board Members. Donated gifts have supported our partner organizations, programs, projects, scholarships, and many more.

Tools For School

We have partnered with Bergen Volunteer Center to ensure that all children in our community have the basic academic tools needed to succeed in school.

NOW THROUGH AUGUST 23RD we will be collecting school materials for all ages. All donations will be given to the Children’s Aid and Family Services located in Paramus, NJ.

List of Items You Can Donate:

Kindergarten to 5th Grade:

  • Backpacks
  • Wide Ruled Single Subject Notebooks
  • Wide Ruled Marble Note Book
  • Loose Leaf Binder—1”
  • 3 Pocket Folders
  • Rulers
  • Plastic Box
  • Pencil Pouch
  • Pencils
  • Colored Pencils—12 count
  • Pens
  • Safety Scissors
  • Glue sticks
  • Erasers
  • Pencil Sharpener w/Receptacle
  • Ziploc bags
  • Highlighters

6th Grade – 12th Grade

  • Backpack (sturdy)
  • Loose-leaf Binder—1”
  • Loose-leaf filler paper—150 ct
  • One Subject Notebooks
  • USB flash drive (6th grade and up)
  • 3 Pocket Folders
  • Rulers
  • Colored Pencils
  • Highlighters
  • Pens—black, blue, red
  • #2 pencils
  • Pencil Sharpener w/receptacle
  • Erasers

Thank you for your generosity!

Message from the President

Dear Valued Member:

I hope you and your families are enjoying the summer months and everything this season has to offer – we sure are at Greater Alliance. As I noted in previous issues of our newsletter, summer is typically a busy time for us, enjoying the fruits of our labor during the winter months when we’re locked indoors fine tuning our financial products and services to serve you better.

We take great great pride in seeing our members get financially situated – whether it’s through our deposit accounts, various lending products or just simply seeking advice from any one of our staff. I continue to receive great feedback and I want to thank you for sharing them. Good feedback or otherwise, we like hearing from you. I read them all and it gives us an opportunity
to make the necessary adjustments to meet your needs.

At this time I would also like to inform you about our volunteer program that was created for our employees in conjunction with our Greater Alliance Hopes & Dreams Foundation for Children. Our Volunteer team headed by Ana Suarez, Stephanie Hanuman and Nilay Avichal has set up a calendar for the whole year and there is a new volunteer opportunity for the employees to participate every month. The programs range from the ARC walk to food drives to helping at a Veterans Home. Each program has a team leader, who helps to organize the volunteers for that event and oversees the event for that particular day. Some of the planned activities are just for the employees while other activities are for the whole family. For more information regarding our volunteer program please visit “The News & Announcement” section. This is fully aligned with the credit union philosophy of People Helping People and making a difference in people’s lives.

The economy continues to do well and it creates unique financial possibilities for our members. Perhaps it’s time to think about making your home work for you by taking a 2nd mortgage to help finance a variety of things – from consolidating and paying off those high-interest credit cards, to buying a car, doing some home improvements or perhaps taking that much needed summer vacation with the family.

I want to thank you for continuing to spread the word about the benefits of credit union membership with your families and friends. We are seeing a steady increase in our membership as more and more people join our cooperative and take advantage of what we have to offer.

There aren’t many financial institutions that have been around for as long as we have and as we mark our 81st year, I remain proud, grateful and humbled to have the privilege to serve you and work alongside a great team of talented individuals who unselfishly volunteer their time on our Board and Supervisory committee.

THANK YOU for being a part of Greater Alliance and THANK YOU for not keeping us a secret.

Have a fun and safe summer!

Independence Day Parade

The Paramus Independence Day parade is a fun-filled event to celebrate the birthday of America! The parade features many different types of activities for everyone including a huge parade, music, contests, and more. The start of the parade is at the intersection of Century Road & Farview Avenue. The event is of course on July 4th, and officially starts a 9:00 AM.

Food donations will also be collected by the Paramus Sunrise Rotary to benefit the food pantry.

Event Schedule:

  • Kicking off at 9:00 AM with the traditional ribbon cutting ceremony at the intersection of Century Raod & Farview Avenue, heading north of Farview Avenue ending at Memorial Elementary School
  • the parade is followed by a closing ceremony featuring the 2018 Grand Marshal, the winners of the Float Content, Stroller Contest, Bicycle Contest and Mr. and Miss 4th of July

Many of Greater Alliance’s employees will be participating in the Paramus Independence Day Parade this year. This list includes:

Glenn G.

Kisha W.

Ana S.

Bridgette F.

Alexandra D.

Thank You – Sponsors

Thank you all to our generous sponsors who contributed towards to our  2018 Annual Golf Outing. These funds will be used for next year’s scholarship. We appreciate your generosity and look forward to seeing you at our next year’s Annual Golf Outing.


Allied Solutions, LLC


Inserra Supermarkets, Inc
Cuna Mutual Group
PFP Services
Peter J. Liska, LLC
Affinity Federal Credit Union
Garden Savings Federal Credit Union
Bogota Savings Bank
John J. D’Anton, Esq.
Anthony Palumbo
Parisian Beauty Academy




Quality Auto Mall


The ARC of Bergen and Passaic Counties
Retail Recovery Services of NJ, Inc.


Greater Alliance Federal Credit Union
Ray’s Reproduction
Armistead Mechanical Inc.
Abacus Federal Savings Bank
Nationwide Funds
OneDigital Health and Benefits
Masi boyle Associates
Buick-GMC of Mahwah
Rausa, Barlotta & Associates, PA
Mongrain Vertical Transportation Inc.


Enterprise Car Sales
Pierce Macdonald Investment Group of RBC Wealth Management
Hamilton & Babbits, CPA’s
Robert G. Gray CPA, P.C.
ProCard Solutions
Coldstat Refrigerators
Miglionico Designs
Susan and Lester Cohen
Liberty Subaru/ Hyundai/Kia


Bradford Renaissance Portraits Corporation
The Brownstone
The County Club at Otterkill
Edgewood Country Club
Interval International
WMTR 101.1 AND WDHA 105.5
Grandview Tittle
George Mehn
Club Champions
McDonnell and Whitaker, LLC
Knickerbocker Golf Club
Shop Rite of Oakland
Wheatland Tube
Savini Restaurant
New Bridge Inn
Stony Hill Inn
DelBello, Donnellan, Wiengarten, Wise & Wiederkehr, LLP

Reg CC Changes & Mobile Deposit Endorsement

Starting July 1, 2018 Online Banking members who use Remote Deposit Capture (RDC) or Mobile Deposit will need to endorse check with the following statement “For mobile deposit at Greater Alliance FCU only”.

These changes will be implemented to help prevent duplicates and to also shield any financial institution from liability when duplicates do happen. If a check is not endorsed with the following statement starting July 1, 2018, the check will not be deposited and will be returned. To avoid any delay with your deposit please remember to endorse your check with the statement mentioned above.

For more information regarding RDC endorsement please contact our Service Support Department at 888-554-2328 x 280 or email gro.ecnaillaretaergnull@ofni

2018 Summer Concert Series

Join Greater Alliance at the Hackensack 2018 Summer Concert Series for a great evening of fun and remember to stop by our table to learn more about our products and services and for FREE giveaways.

We will also be presenting 3 scholarships of $500 each on the following dates

  • Friday, July 13th
  • Friday, August 3rd
  • Friday, August 10th

Concert Series will be held from 7 PM – 9 PM at the Atlantic Street Park, 102, State Street Hackensack, which is adjacent to the Hackensack Performing Arts Center.

Event Schedule

July 6th – “Motown Night” Featuring “David Kline and the Silk City Band”

July 13th – “Hometown Hero’s Night” & Music Concert celebrating Community Leadership

July 20th – “Caribbean Night” Music Concert

July 27th – “Latin Night” Music Concert (Rescheduled to August 31st)

August 3rd – “Hometown Celebrity Night” Celebrating Michael & Lisa MacVicar

August 10th – “Bollywood” Music Concert Celebration

August 31st – “Latin Night” Music Concert (Rescheduled from July 27th)

Shows hosted by Doctor Bob Lee of WBLS

For more information please contact Ana Suarez at gro.ecnaillaretaergnull@zerausa

Paterson Business Event
Join us for an informational Lunch & Learn event in Partnership with the Paterson Chamber & Guest Speaker Patrick Moriarty from ADP to learn more about :

What Payroll Process is Right For You?

In many industries, payroll expense is the biggest expense. Managing this cost while paying your employees sufficiently AND efficiently is critical. 

TO REGISTER – Please email gro.ccnosretapretaergnull@sydalg or call 973-881-7300 We will explore:
  • What factors should you consider when determining the best payroll process for your business?
  • How does payroll expense effect other areas of the bottom line?
  • How can I avoid errors and make sure that taxes are paid on time?
WHEN: Wednesday,  June 20th, 2018 TIME:   12 PM – 2 PM WHERE:  Hamilton & Ward Steakhouse, Paterson, NJ

REGISTRATION FEE: $20 for Paterson Members and Non Members. Lunch will be included.

Network and learn more about how you can save payroll expense for your business. We look forward to seeing you. TO REGISTER – please email gro.ccnosretapretaergnull@sydalg or call 973-881-7300