Charter Oak Donates $10,000 to USS Groton Sail Foundation, Inc

Funding From Credit Union To Assist In Building A Public Monument

Waterford, CT – Charter Oak Federal Credit Union donated $10,000 to the USS Groton Sail Foundation, Inc. in support of building a public monument in Groton that will represent the community’s rich maritime heritage and history of service.

The monument will honor the generations who have dedicated their lives to the specialized tradition of designing, building and operating submarines.

The sail, fairwater planes, and rudder of the USS Groton have been saved and are currently being restored. Once restored the sail of the USS Groton submarine will be the focal point of a public park.  The USS Groton Sail Foundation is in the process of raising $2 million to secure a site in Groton and to build the monument.

To make a donation email or call Marian Galbraith at 860.460.8740.
Marian Galbraith, a member of the Foundation’s Board, said, “The Foundation is delighted to receive this gift from Charter Oak. This donation is a generous indication of Charter Oak’s longtime respect and support for those men and women who make up the submarine industry and the greater community in which they live.”

Charter Oak has recently relaunched its Matching Gifts Program and is committed to donating $100,000 in 100 days. Donations up to $500 made to the USS Groton Sail Foundation, Inc. are eligible to be matched. Visit to learn more. 

Charter Oak is eastern Connecticut’s largest credit union with assets of $1.02 billion as of June 30, 2017. Charter Oak has an expansive and convenient network of 16 branches serving New London and Windham counties, providing one of the largest and most convenient branch networks of any financial institution serving eastern Connecticut. For more information about Charter Oak’s broad range of products and services, please visit any of our convenient branches, or visit our website at or contact our Call Center at 860.446.8085 or 800.962.3237. Federally insured by NCUA. Equal Housing Lender. 

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Charter Oak Federal Credit Union is like a bank, just better! We've been proudly serving eastern Connecticut since 1939 and we offer great checking, deposit, lending, insurance and investment products. And because we're a credit union, we're owned by our members, not by shareholders. So we can offer lower rates on loans and higher rates on deposits. It's easy to become a Charter Oak member: simply live, work, worship, learn, or volunteer in New London or Windham counties. So join today and see why Members Bank Better at Charter Oak! Learn more at or visit any of our convenient branches, or simply call 860.446.8085 or 800.962.3237.