Charter Oak Credit Union Groton CT | Low Mortgage Rates & Quick Personal Loans

Introduction

Welcome to Charter Oak, your trusted partner in financial wellness since 1939. Located at 101 Groton Long Point Rd, Groton, CT 06340, we proudly serve a growing community of over 88,138 members. Our commitment to you goes beyond just banking; it's about building lasting relationships and helping you achieve your financial goals. At Charter Oak, we understand that managing your finances can be overwhelming. That's why our dedicated team, led by CEO Brian Orenstein and Board President Guy Henry, is here to guide you every step of the way. With a total asset base of over $1.58 billion and deposits amounting to $191,133,141, we have the strength and stability to support our members' needs. Our branch offers a range of services tailored for personal and business banking, including checking and savings accounts, auto loans, mortgages, and credit cards with rewards. We also provide modern conveniences like online and mobile banking to make managing your money easier than ever. While members can visit us at our Groton location, official correspondence should be sent to 101 Groton Long Point Road, Groton, CT 6340. If you have any questions or need assistance, don't hesitate to reach out at 860-446-8085 during our lobby hours on Monday, Wednesday, and Friday from 10:30 AM to 2:00 PM. Join us at Charter Oak today and experience the difference a community-focused credit union can make in your life! For more information about our services or to become a member, visit us at charteroak.org. We look forward to serving you!

Branch History & Mission

Join Us

If you're looking for a credit union that values your membership as much as you do, look no further than Charter Oak. With dedicated staff ready to assist you during our operating hours Monday, Wednesday, and Friday from 10:30 AM to 2:00 PM and with ATM availability right on-site, we're here when you need us. Join us today at Charter Oak and experience firsthand how we're not just a bank; we're your partner in financial success. For more information or assistance, feel free to call us at 860-446-8085 or visit our website at charteroak.org. Together, let's build a brighter future!

Our Journey

From our humble beginnings, Charter Oak has grown significantly. Today, we proudly serve over 88,000 members and manage total assets exceeding $1.58 billion. This remarkable growth reflects our unwavering dedication to providing high-quality financial services tailored to the needs of our community. Over the years, we have adapted to changes in the financial landscape while maintaining our core values of trust and service. Located conveniently in Groton, our branch is easily accessible for those looking for personal banking solutions. While members can visit us at our branch address, official correspondence should be sent to 101 Groton Long Point Road, Groton, CT 06340.

Our Mission

At Charter Oak, our mission goes beyond just offering financial products; we strive to enrich lives and strengthen communities. We believe that everyone deserves access to financial tools that empower them to achieve their dreams. Whether it's helping families finance their first home or providing businesses with the loans they need to grow, we are here for you. We understand that the world is changing rapidly, which is why we've embraced digital advancements while ensuring ADA compliance so that all members can enjoy seamless access to our services. We offer online and mobile banking options for convenience and security. In addition to traditional banking services like checking accounts and auto loans, we take pride in supporting local initiatives through partnerships and outreach programs. Our commitment extends beyond banking; it's about building a strong community where everyone can thrive.

Branch Location & Accessibility

Additional Features

Although we do not have a drive-thru service available at this branch, our ATM is conveniently located on-site for your ease. If you need assistance or have questions about our services, don't hesitate to give us a call at 860-446-8085. Our friendly team is ready to help you navigate your financial journey. Come visit us at Charter Oak today! We look forward to serving you and helping you achieve your financial goals.

Operating Hours and Services

We are open on Monday, Wednesday, and Friday from 10:30 AM to 2:00 PM, making it easy for you to stop by during your day. At Charter Oak, we offer a variety of services tailored to meet your personal banking needs. From checking and savings accounts to auto loans and mortgage refinancing, we have you covered. Plus, we provide basic shared branch transactions for partner credit union members and ATM access for quick cash withdrawals.

Member Eligibility

Joining the Charter Oak family is more than just opening an account; it's about becoming part of a community that truly cares for its members. To become a member at our Groton branch located at 101 Groton Long Point Rd Groton Ct 06340, you'll find that the eligibility criteria are straightforward and welcoming. If you're a resident or work in Connecticut, you're already on the right path! We also extend membership to your family members, making it easier for everyone to enjoy our services together. For those curious about specific requirements, we encourage you to explore more details on our website at . Starting your journey with us is simple! You can open an account by visiting us during our lobby hours or by giving us a call at (860) 446-8085. Our team is here to assist you every step of the way, ensuring you have access to not only banking services but also valuable resources and support tailored just for you. Don't hesitate to reach out we're excited to welcome you into the Charter Oak community!

Business Banking & Commercial Services

Merchant Services Made Easy

Imagine being able to accept payments seamlessly from your customers, no matter where they are. Our merchant services empower you to do just that. Whether it's in-person transactions or online sales, we offer reliable tools that help you manage your cash flow efficiently. Located at 101 Groton Long Point Rd Groton Ct 06340, Groton, CT, our team is ready to partner with you on your journey toward success. For more information, give us a call at (860) 446-8085 or visit us online at https://charteroak.org/ . Let's grow together!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $433 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $11 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $131,398,980, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

For small business owners, we offer specialized services including merchant services and various types of business loans to help you grow and succeed. We believe in supporting local businesses because they are the backbone of our community.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we provide comprehensive online and mobile banking solutions that allow you to manage your accounts anytime, anywhere. With features like ATM access for withdrawals and balance checks, along with person-to-person payment options, managing your finances has never been easier.

Get in Touch!

With our commitment to excellent service and support, we invite you to explore all that Charter Oak has to offer. If you have questions or need assistance, please don't hesitate to reach out at (860) 446-8085 during our lobby hours on Monday, Wednesday, and Friday from 10:30 AM to 2:00 PM. We look forward to helping you achieve your financial goals! Visit us online at Fitch High School for more information about our services or to become a member today!

Personal Banking

We understand that managing your finances can be overwhelming at times. That's why our personal banking services are designed with you in mind. You can open a checking or savings account easily and start saving for your future. Need a new car? Our auto loans and vehicle financing options provide flexible terms to help you hit the road without breaking the bank. If you're considering buying a home, we offer competitive mortgage loans and refinancing options that fit your budget. Sometimes, unexpected expenses arise. For those moments, our personal loans and debt consolidation services can help ease your financial burden. And if you're looking to earn rewards on your purchases, check out our credit cards with rewards program that gives back as you spend.

Shared Branching Services

If you're a member of another credit union, don't worry! At Charter Oak, we participate in basic shared branch transactions like deposits and withdrawals for partner credit union members. This means you can access your funds even when you're away from home.

Digital & Online Banking

Key Features

Our online banking platform also includes user-friendly features like e-statements, which allow you to view and manage your statements electronically. No more paper clutter! Plus, with mobile payments, you can make purchases directly from your phone no wallet needed. And if you're out with friends and need to split a bill, our person-to-person transfer feature lets you send money instantly. For those who prefer banking on their smartphones, our mobile application is available for download, giving you access to all these features right in your pocket. You can even authorize electronic signatures for quick transactions without the hassle of printing or scanning documents. At Charter Oak, we prioritize your security while ensuring that our digital tools are easy to use. Our systems are built with advanced security measures to keep your information safe, so you can focus on what matters most your financial goals. Join us today and experience the convenience of modern banking at Charter Oak! For more information, visit us online at https://charteroak.org/ or give us a call at (860) 446-8085.

Financial Strength

Commitment to Growth

With $177,222,759 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is reflected with $9,008 in used auto loans and $928,685,774 in total loans and leases, supporting our members' financial goals across various sectors.

Growing Membership Base

Total Share and Deposit Accounts stand at 209,981, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments amount to $27,739,393, reinforcing our capability to support your financial needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Charter Oak is your trusted partner. Visit us at 101 Groton Long Point Rd Groton Ct 06340 or call (860) 446-8085 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $337,930,368 in share certificates and $242,671,367 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $10,108,247, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 185 full-time employees and 7 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $177,532,367, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,123 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $147,480,584 in used vehicle loans and $84,991,016 in new vehicle loans already helping members get on the road. We provide flexible terms and refinancing options to ensure you get the best deal possible.

Business Loans

For business owners, our outstanding commercial loans totaling $131,398,980 provide the capital needed to grow and expand your business. Whether it's funding a new project or managing cash flow needs, our team is here to assist you every step of the way. At Charter Oak Credit Union, we pride ourselves on making finance accessible and straightforward. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We invite you to visit us or contact us today to learn more about how we can help with your loan needs!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $79,085,088, make buying or refinancing simple. We are committed to guiding you through the process and ensuring that you find a solution that fits your budget.

Unsecured Credit Card Loans

For those looking for more flexibility in managing their finances, we also offer unsecured credit card loans. Although currently there are no outstanding amounts in this category, our offerings typically include competitive rates and terms that make managing expenses easier.

Loan Aggregator

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CHARTER OAK FEDERAL CREDIT UNION - Groton, CT