Charter Oak Awards Over $78,000 in Scholarships to Students in Eastern CT

Waterford, CT – Charter Oak Federal Credit Union proudly recognized the accomplishments of 39 college-bound students in a private reception on Thursday, May 28, 2015, where each student was awarded one $2,000 scholarship.

“In January, we formally announced the expansion of our scholarship program stating that our annual investment in Connecticut’s youth was going to increase by six times,” said Brian A. Orenstein, Charter Oak’s President and Chief Executive Officer. “And I’m honored to say that we’ve gone above that figure – by awarding $78,000 in college scholarships in 2015.”

Previously, Charter Oak had awarded six scholarships annually, totaling $12,000.

Charter Oak’s expanded scholarship program offered one $2,000 scholarship award to one high school senior from each high school in New London and Windham counties with enrollment of 100 or more students. The credit union received nearly 150 applications from more than 25 high schools.

The committee in charge of reviewing and selecting the scholarship winners was impressed by the quality of the applications received.

Charter Oak will reactivate its scholarship program in January 2016, and students will be encouraged to apply for a $2,000 scholarship. Photos of Charter Oak’s 2015 scholarship winners will be posted onto in June. 

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Charter Oak Federal Credit Union, headquartered in Waterford, Connecticut, offers a broad range of financial services – including checking, deposit, lending, insurance and investments – to individuals, businesses, non-profits and professionals in New London and Windham counties. If you live, work, worship, attend school, or volunteer in New London or Windham counties, we invite you to do business with us. For more information about what Charter Oak can offer you, please visit Federally insured by NCUA. Equal Housing Lender.