Charter Oak Credit Union Mystic CT | Affordable Auto Loans & Business Banking

Introduction

Welcome to Charter Oak, your trusted financial partner located at 4 Hendel Dr, Mystic, CT 06355. Established in 1939, we have proudly served our community for over eight decades, offering personalized banking solutions that empower our members to achieve their financial goals. With a dedicated membership base of 88,138, we're not just a credit union; we're a community committed to supporting each other. At Charter Oak, we understand that financial health is about more than just numbers. It's about relationships built on trust and transparency. Our total assets exceed $1.58 billion, reflecting our strength and stability in the financial landscape. With $191,133,141 in total deposits and a net worth of $177,532,367, you can be confident that your finances are in safe hands. We offer a variety of services tailored to meet your needs, including personal banking options like checking and savings accounts, auto loans, mortgage financing, and business banking services. Whether you're looking to purchase your first home or expand your business, we have the resources to help you succeed. Our leadership team is led by CEO Brian Orenstein and Board President Guy Henry, who are both deeply committed to fostering a welcoming environment for all members. Our experienced staff of 192 employees is here to provide expert guidance as you navigate your financial journey. For any inquiries or assistance, feel free to reach out at (860) 446-8085. While members can visit us at our branch location in Mystic, official correspondence should be sent to the same address for convenience. Join us today and experience the difference that comes with being part of the Charter Oak family! Explore more about our services on our website: charteroak.org. We look forward to serving you!

Branch History & Mission

A Rich Legacy

From our inception in 1939, Charter Oak has dedicated itself to providing accessible financial solutions tailored to the needs of our community. Our journey began with a simple mission: to empower individuals and families by offering affordable banking options. Over the years, we have expanded our services significantly. Today, we offer personal banking products like checking and savings accounts, auto loans, mortgage financing, and business banking solutions that include merchant services and business loans.

Commitment to Community

At Charter Oak, our mission extends beyond just offering financial products. We strive to make a positive impact on the lives of our members and contribute to the overall well-being of Mystic. Our commitment is reflected in various community outreach efforts, partnerships with local organizations, and initiatives aimed at improving financial literacy among residents. While members can visit us at 4 Hendel Dr, official correspondence should be sent to 4 Hendel Dr, Mystic, CT 06355-1965 if different from this address.

Join Us Today!

With operating hours from Monday to Thursday 9 AM to 5 PM, Friday 9 AM to 6 PM, and Saturday 9 AM to 12 PM, we invite you to experience firsthand the welcoming atmosphere at Charter Oak. Our dedicated staff is here to help you navigate your financial journey every step of the way. Join us today and discover how Charter Oak can help you reach your financial goals while being an integral part of your community. For inquiries or assistance, feel free to call us at 860-446-8085 or visit our website. Let's build a brighter future together!

Modern Banking with a Personal Touch

As technology evolves, so do we. Charter Oak is proud to offer digital banking services that include online banking and mobile payments for your convenience. Whether you are withdrawing cash from one of our ATMs or utilizing our drive-thru service for quick transactions, we prioritize making banking easy for everyone. Our branch is ADA compliant ensuring accessibility for all members.

Branch Location & Accessibility

Easy Access and Amenities

We understand that convenience matters. That's why our location offers ample parking and is fully compliant with ADA accessibility standards, ensuring everyone can visit us comfortably. If you're looking for quick banking solutions, we also have a drive-thru service available for deposits, withdrawals, and simple transactions. While members can visit us at 4 Hendel Dr for all their banking needs, official correspondence should be sent to our mailing address at 4 Hendel Dr, Mystic, CT 06355-1965.

Operating Hours

At Charter Oak, we're here when you need us! Our lobby hours are designed to fit your schedule: Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 12 PM. Whether it's a weekday or weekend visit, you can count on us being ready to assist you.

Services Offered

We pride ourselves on offering a variety of services tailored just for you. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we aim to meet all your financial needs under one roof. Plus, enjoy the convenience of our ATM services available on-site and access to shared services for partner credit union members. Feel free to give us a call at 860-446-8085 if you have any questions or want more information about how we can help you achieve your financial goals. We invite you to stop by Charter Oak today your trusted partner in banking!

Member Eligibility

At Charter Oak, we believe that everyone deserves a chance to be part of a supportive community, and becoming a member is as easy as reaching out! To qualify for membership, you simply need to live, work, or worship in the areas we serve, which opens our doors wide to many. We're here to help you navigate the process and enjoy all the fantastic benefits of being a member like personalized service, competitive rates on loans, and access to exclusive financial products designed just for you. For more detailed eligibility information, feel free to visit our website at . If you're ready to take the next step or have any questions, don't hesitate to call us at (860) 446-8085. Our friendly team is excited to welcome you to Charter Oak, located at 4 Hendel Dr Mystic Ct 06355!

Business Banking & Commercial Services

Business Loans That Fuel Growth

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.

Merchant Services Designed for Success

Imagine having a reliable partner for all your transaction needs. Our merchant services streamline payment processing, allowing you to focus on what matters most growing your business. From credit card transactions to mobile payments, we offer tools that make it easier for you to serve your customers while keeping your cash flow steady. Visit us at 4 Hendel Dr Mystic Ct 06355 or call us at (860) 446-8085 to discover how our business banking and commercial services can elevate your company's success. Together, let's build a brighter future for your business!

Comprehensive List Of Services

Accessible ATM Services

Need cash on the go? Our branch features an ATM where you can easily access funds with just a few taps. Additionally, enjoy basic drive-thru banking services for quick deposits or withdrawals without leaving your vehicle.

Business Banking Made Easy

For business owners in the Mystic area, we have tailored solutions including merchant services and business loans to help you thrive. We understand the unique challenges of running a business and aim to support your financial needs every step of the way.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking platforms that let you manage your finances anytime, anywhere. Whether it's making deposits, checking balances, or transferring money through person-to-person payments, we've got you covered.

Financial Assistance When You Need It

Sometimes life throws unexpected expenses your way. With our personal loans and debt consolidation options, we can assist you in managing those costs effectively. Plus, if you love earning rewards while spending, check out our credit cards with rewards a great way to make every purchase work for you.

Personal Banking Solutions

Whether you're opening your first checking account or saving for a major life event, our personal banking options are designed with you in mind. We offer checking and savings accounts that fit different lifestyles and goals. If you're thinking about purchasing a new car, our auto loans and vehicle financing can help you hit the road without breaking the bank. For those looking to invest in real estate, our mortgage loans and refinancing services provide competitive rates and flexible terms to suit your situation.

Shared Branching Opportunities

If you're a member of another credit union, you'll appreciate our partnership through shared branching transactions, allowing you to make deposits and withdrawals conveniently. At Charter Oak, we're dedicated to creating a welcoming environment where all your financial needs are met under one roof. With operating hours from Monday through Saturday and a friendly team ready to assist you at every turn, we invite you to visit us or give us a call at 860-446-8085. Explore all that we have to offer today by visiting our website at charteroak.org. Let's work together toward achieving your financial goals!

Digital & Online Banking

Key Services

Our online banking services, available at https://charteroak.org/ , provide you with a complete suite of tools for your financial needs. Whether you're checking your balance, transferring money, or paying bills, everything can be done with just a few clicks. Plus, enjoy the peace of mind that comes with our 24/7 online banking availability because life doesn't stop when the bank closes. Need to send money to a friend? Our person-to-person transfer feature makes it simple and quick. Just a few taps on your phone or clicks on your computer, and the money is on its way. For those who prefer mobile payments, you can easily make purchases using your smartphone no need to carry cash or cards.

Secure & Simple

While we focus on making banking easy, we also prioritize your security. Though we currently do not offer electronic signature authorization, rest assured that we take every measure to keep your information safe as you navigate through our digital services. In conclusion, whether you're using a desktop or mobile device, Charter Oak is here to ensure that managing your money is convenient and secure. Explore our digital banking options today and take charge of your financial future!

Stay Organized

With e-statements available, you can go paperless and keep all your important documents organized and accessible from any device. This feature not only helps you save trees but also allows for easy tracking of your financial activities over time. And if you're always on the move, don't forget about our mobile application. It puts all the power of online banking right in your pocket. You can manage your accounts effortlessly while enjoying real-time updates about your finances.

Financial Strength

A Strong Foundation

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. This solid foundation is further highlighted by our net worth ratio of $1,123, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Growing Together

We also have a strong member base with a total of 209,981 share accounts, showing that more people trust us with their finances every day. Our net shares available for lending and investments amount to $27,739,393, allowing us to support even more members like you. 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 4 Hendel Dr Mystic Ct 06355 or call (860) 446-8085 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Investing in Your Future

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 commitment to supporting your financial goals is reflected in our lending capacity; we have $9,008 in used auto loans and a total of $928,685,774 in loans and leases available for you.

Member-Centric Savings Options

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 efficient operations are evident as we report a net income of $0, which enables 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 who are dedicated to providing you with top-notch service.

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. Whether you're interested in a brand-new model or a reliable used vehicle, our flexible financing options make it easy for you to get behind the wheel.

Business Financing

For business owners, our outstanding commercial loans totaling $131,398,980 provide the capital needed to grow and expand. We understand the challenges that come with running a business and are here to support your ambitions with tailored financing solutions. Our loan offerings not only empower individuals but also strengthen our community as a whole. If you're considering refinancing or exploring eligibility options for any of our products, don't hesitate to reach out. You can contact us at 860-446-8085 or visit us at 4 Hendel Dr Mystic CT 06355 for more details. At Charter Oak, we're committed to providing personalized service and expert guidance throughout your borrowing journey. Let us help you take the next step toward your financial future!

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 provide clear terms and competitive rates to ensure that you can find the right mortgage solution for your needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $0 in loans helping members manage their finances effectively. These cards come with various benefits designed to fit your lifestyle while ensuring you have access to funds when needed.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. Users can trust that the information presented is accurate and reflects current market conditions. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This means you see genuine comparisons without hidden agendas influencing your choices. - Real-Time Rate Comparisons: With up-to-date loan rates from multiple institutions, LendMesh equips users with the knowledge they need to make well-informed decisions about their borrowing options. Thousands of users trust LendMesh for loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials underscore the effectiveness and reliability of this tool in helping individuals secure better loan terms. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

CHARTER OAK FEDERAL CREDIT UNION