Charter Oak Federal Credit Union

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A short history of Charter Oak FCU

Since its inception in 1939 the Charter Oak Federal Credit Union has been serving its members in the WATERFORD, Connecticut area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Brian Orenstein, the Charter Oak FCU has grown its membership to over 66,014 with assets of more than $1,015,310,383. They have a main office and 16 branch offices. Please see the credit unions website or contact them by phone at (860) 446-8085 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WATERFORD, CT.

General Information For Charter Oak FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 3413
Address 1055 HARTFORD TPKE 
City WATERFORD 
State Connecticut 
Zip-Code 06385
Phone Number (860) 446-8085
Fax Number (860) 446-3214
Email Address: none
CEO/President Brian Orenstein
Members 66,014 
Full-Time Employees 194 
Part-Time Employees 10 
Number of Branch Offices 16 
Total Assets 1,015,310,383 
Website http://www.charteroak.org 

Compare Charter Oak Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
New London Municipal Employees CU New London Municipal Employees Credit Union, Inc 111 Union St 06320 (860) 447-1585 No 3.28
Lawrence Memorial Hospital Employee CU Lawrence Memorial Hospital EFCU 365 Montauk Ave 06320 (860) 444-5104 No 3.30
Groton Municipal Employees CU Credit Union Office 295 Meridian ST 06340 (860) 446-4121 No 4.63
Scient CU Andover 1 Burtt Rd 06340 (800) 585-5943 No 5.14
Coreplus CU Groton 255 Route 12 06360 (860) 886-0576 No 10.56

Charter Oak Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Charter Oak Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.31 2.94 4.13 3.70 4.26
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 278 137 217 94 133
Rank Among All Connecticut Credit Unions 10 21 26 11 20

Charter Oak Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.34 0.05 0.46 1.15 1.17
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 85 143 67 143 137
Rank Among All Connecticut Credit Unions 4 15 4 8 6
Charter Oak Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.31010,67613,729,464
All Other Unsecured Loans/Lines of Credit 10.7603,3155,819,164
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.9403,19263,833,508
Used Vehicle Loans 4.1306,62186,036,352
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.7004,644582,415,812
Total Other Real Estate Loans/Lines of Credit 4.2601,86454,754,626
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.88041619,625,964
TOTAL LOANS & LEASES 30,728826,214,890

Charter Oak Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 731119,860,45310519,776,218
    b. 15 Years or less 2,780255,057,53119442,116,038
Balloon/Hybrid
    a. > 15 years 15832,300,739429,672,913
    b. 15 Years or less 23637,004,92381,644,950
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 52228,026,280415,569,815
Adjustable Rate > 1 yr 217110,165,88600

OTHER REAL ESTATE

Closed-End Fixed Rate 64516,360,420953,914,546
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1,21938,394,206795,863,285
Open-End Fixed Rate 0000
TOTALS 6,508637,170,43856488,557,765

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Charter Oak Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes