CorePlus Credit Union Groton CT | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Coreplus, your trusted partner in financial wellness right here in Groton, Connecticut. Established in 1936, we have proudly served our community for over 85 years, fostering a sense of belonging and support among our 29,810 members. Our branch, located at 441 Long Hill Rd, Groton, CT 06340, is dedicated to providing top-notch personal banking services, including checking and savings accounts, auto loans, mortgages, and business banking solutions. At Coreplus, we understand that your financial journey is unique. That's why we offer tailored solutions designed to meet your specific needs. With a robust total asset base of $341,568,144 and total deposits reaching $19,670,245, we are well-equipped to help you achieve your goals. Our commitment to excellence is reflected in our strong net worth of $30,434,714 and substantial cash reserves totaling $2,938,244. While members can visit us at our Groton location for their banking needs, official correspondence should be directed to our mailing address: 202 Salem Tpke, Norwich, CT 6360. Our dedicated team of 72 employees, led by CEO Ray Currier and Board President Jean Swift, strives every day to ensure that you receive the best service possible. Whether you're looking to secure a loan or open a new account online through our website at coreplus.org, we're here to help you navigate your financial options with confidence. We invite you to visit us or give us a call at 860-886-0576 during our operating hours Monday through Tuesday and Thursday from 9:30 AM to 4:30 PM; Wednesday from 10:00 AM to 4:30 PM; and Friday from 9:30 AM to 5:30 PM. Join the Coreplus family today and discover how we can support you in achieving your financial dreams!

Branch History & Mission

Commitment to Innovation

In today's fast-paced world, Coreplus embraces digital advancements to enhance your banking experience. From online banking and mobile payments to e-statements and person-to-person transfers, we ensure that convenience is always within your reach. We are also dedicated to maintaining ADA compliance so that all members can access our services comfortably.

Join Us Today!

As we look forward to the future, Coreplus remains focused on being your trusted partner in all things financial. Whether you need a checking account or a mortgage loan or want advice on managing debt or starting a business, we're here for you. Visit us today at Coreplus in Groton! Experience firsthand how membership can benefit you and your family as we continue our mission of serving this wonderful community. For more information about joining us or exploring our services further, feel free to call us at 860-886-0576 or visit our website at Coreplus. Together, let's build a brighter financial future!

Our Evolution

Coreplus has evolved significantly since its inception. We started as a small credit union focused on providing essential financial services to local members. Over the years, we have expanded our offerings to include personal banking, auto loans, mortgages, and business banking solutions. Our branch located at 441 Long Hill Rd, Groton, CT 06340, is easily accessible and surrounded by familiar landmarks that residents know and trust. While members can visit us at our main location in Groton, official correspondence should be sent to our mailing address: 202 Salem Tpke, Norwich, CT 6360. This ensures that all communications reach us promptly.

Our Mission

Our mission at Coreplus is simple yet powerful: to provide exceptional financial services while supporting our community's growth and well-being. We believe that everyone deserves access to affordable banking solutions and financial education. By fostering a sense of belonging and partnership among our members, we aim to empower them to make informed financial decisions. We are not just about transactions; we are committed to making a real impact in the lives of those we serve. Through various community outreach initiatives and partnerships with local organizations, we strive to uplift our neighbors and contribute positively to Groton and beyond.

Branch Location & Accessibility

Convenient Access and Features

At Coreplus, we understand the importance of accessibility. Our branch features ADA-compliant facilities, ensuring everyone can visit us comfortably. We offer ample parking for our members, so you won't have to worry about finding a spot when you arrive. Although we don't have drive-thru banking services, our lobby is welcoming and ready to assist you with all your banking needs. For those who prefer digital options, we have an ATM available for quick cash withdrawals and balance checks, making it easy to access your funds anytime. Plus, our shared service center allows members from partner credit unions to carry out basic transactions like deposits and withdrawals seamlessly.

Get in Touch

Whether you're looking for personal banking solutions or business services, Coreplus offers a range of products tailored to meet your needs from checking accounts and auto loans to mortgages and personal loans. If you have any questions or need assistance, don't hesitate to give us a call at 860-886-0576. While members can visit us at 441 Long Hill Rd Groton Ct 06340, official correspondence should be sent to our mailing address at 202 Salem Tpke in Norwich, CT. We look forward to welcoming you soon! Come by and see how we can support your financial goals!

Operating Hours Tailored for You

We want to be there when you need us! Our lobby hours are designed with your schedule in mind: we're open Monday, Tuesday, and Thursday from 9:30 AM to 4:30 PM; Wednesday from 10:00 AM to 4:30 PM; and Friday from 9:30 AM to 5:30 PM. Please note that we're closed on Saturdays.

Member Eligibility

Becoming a member of Coreplus means joining a warm and welcoming community where your financial well-being is our priority. If you're looking to be part of something special, you'll be pleased to know that membership is open to anyone who lives, works, worships, or attends school in the areas we serve. This makes it easy for many people to connect with us! Plus, as a member, you gain access to a variety of benefits such as competitive rates on loans and savings products, personalized service, and a range of financial resources designed just for you. To get started on your journey toward membership at Coreplus, simply visit us at our branch located at 441 Long Hill Rd Groton Ct 06340 or give us a call at (860) 886-0576. You can also find detailed information about eligibility requirements by checking out our website here: http://www.coreplus.org/our-credit-union/member-resources/join-cpcu/ . Once you're ready, opening an account is a breeze just follow this link: https://forms.onlineaccountaccess.com/secure/coreplus/ . We can't wait to welcome you into the family!

Business Banking & Commercial Services

Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $2 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $28 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $46,756, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced market, efficient payment processing can be a game-changer for your business. Our merchant services are designed to simplify transactions so you can focus on what matters most growing your business. Whether it's in-person payments or online transactions, we provide the tools that ensure smooth operations. Located at 441 Long Hill Rd Groton Ct 06340 in Groton, CT, we're dedicated to helping local businesses thrive. Reach out to us at (860) 886-0576 to discover how our business banking and commercial services can fuel your growth!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're looking to purchase a new car or refinance an existing vehicle loan, Coreplus offers competitive auto loans with flexible terms. We understand that buying a car is a significant decision, which is why our team is ready to guide you through the process, ensuring you get the best rate possible while keeping your budget in mind.

Business Banking Services

For local entrepreneurs, we offer business banking solutions including merchant services and business loans tailored to help grow your business. Whether you're starting a new venture or expanding an existing one, our team understands the local market and is here to support your business needs.

Credit Cards with Rewards

Our credit cards come with rewarding benefits designed to give back. Enjoy cashback rewards on purchases or earn points towards travel and merchandise. With no annual fees and competitive interest rates, using our credit card can make everyday spending even more rewarding!

Digital Banking Features

We prioritize convenience with our digital banking features. Our members enjoy access to online and mobile banking options where they can manage their accounts anytime, anywhere. Need cash? Our ATMs provide easy access for withdrawals and balance checks without any hassle.

Mortgage Loans & Refinancing

For those considering homeownership or looking to refinance an existing mortgage, we offer tailored mortgage solutions. Our mortgage loans come with various options that fit different needs whether it's your first home or an investment property. Our knowledgeable staff will work closely with you to simplify the lending process and help you find the right fit for your financial goals.

Personal Banking Solutions

Our personal banking services include a range of options such as checking and savings accounts designed for everyday use. Imagine having an account that not only helps you manage your finances but also earns interest on your savings! With our easy-to-use online and mobile banking platforms, you can check balances, transfer funds, and pay bills from the comfort of your home or on the go.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. That's why we provide personal loans and debt consolidation services to help you regain control over your finances. Whether it's covering medical bills or consolidating credit card debt into one manageable payment, we're here to assist you in finding a solution that works for you.

Shared Branch Transactions

In addition to our services, if you're visiting from another credit union that partners with us, we facilitate basic shared branch transactions like deposits and withdrawals so that you never feel out of place when accessing your funds. At Coreplus, we strive to empower our members by providing essential financial tools and personalized service. Ready to take control of your finances? Give us a call at (860) 886-0576 or visit us today at 441 Long Hill Rd Groton Ct 06340 in Groton, CT! Explore all we have to offer and see how we can help you achieve your financial dreams!

Digital & Online Banking

Key Services

With our user-friendly mobile application, you can check your balance, pay bills, and even make person-to-person transfers with just a few taps on your smartphone. Our electronic signature authorization feature makes signing documents a breeze no more paperwork cluttering your desk! Plus, with e-statements available, you can keep track of your finances in a convenient digital format that is both eco-friendly and easy to access.

Security and Convenience

We prioritize your security while ensuring ease of use. Our mobile payments feature allows you to make purchases securely right from your phone. You can rest assured that your information is protected as you manage your accounts and transactions online. Real-time updates keep you informed about your finances, so you can always stay on top of your budget. Whether you're at home or on the go, our digital banking services empower you to take control of your money with confidence. Experience the convenience that Coreplus offers and simplify your banking today!

Financial Strength

Growing Membership Base

Total Share Accounts: 47,834, showing a strong and growing member base that trusts us with their finances. Our net shares (funds available for lending and investments): $882,605. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Coreplus is your trusted partner. Visit us at 441 Long Hill Rd Groton Ct 06340 or call (860) 886-0576 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.

Member-Centric Savings

Members' savings are secured through $78,492,404 in share certificates and $43,182,055 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,881,000, 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 also take pride in having 70 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvesting for Your Benefit

With $26,755,352 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $6,188 in used auto loans and $248,978,542 in total loans and leases.

Strong Financial Health

With a net worth of $30,434,714, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $898 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 $92,779,684 in used vehicle loans and $30,528,112 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable pre-owned option, we have flexible terms to suit your needs.

Credit Lines and Personal Loans

In addition to auto and mortgage loans, we also provide credit lines and personal loans designed for various financial situations. With a total of $50,592,006 in credit lines available, you can access funds when you need them most whether for home improvements, education expenses, or consolidating debt.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $16,644,568, make buying or refinancing simple. We can help you navigate the mortgage process with competitive rates and personalized service, ensuring that your dream of owning a home is within reach.

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. Our credit cards come with rewards programs that allow you to earn points while making everyday purchases. For business owners, our outstanding commercial loans totaling $46,756 provide the capital needed to grow and expand your business. If you're considering refinancing options or want to know more about eligibility requirements, please don't hesitate to reach out. Our team is ready to assist you at (860) 886-0576 during our operating hours: Monday-Tuesday-Thursday from 9:30 AM - 4:30 PM; Wednesday from 10:00 AM - 4:30 PM; and Friday from 9:30 AM - 5:30 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Discover how our loan products can empower your financial journey today!

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a focus on transparency and reliability, LendMesh offers users a clear path to finding suitable loan options. LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment to using verified data guarantees that users receive fair and transparent offers from trusted lenders. The benefits of using LendMesh are significant: - Verified Data: Loan offers come from legitimate financial institutions, ensuring transparency in your choices. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Users can access up-to-date loan rates from multiple institutions, helping them make informed decisions quickly. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback underscores the effectiveness and credibility of the service. 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.*

COREPLUS FEDERAL CREDIT UNION