Charter Oak Receives 5-Star Rating

Waterford, CT – Charter Oak Federal Credit Union has earned the top 5-Star rating from BauerFinancial Inc., indicating that Charter Oak is one of the strongest financial institutions in the nation.

BauerFinancial awards the 5-Star rating to those institutions that excel in their capital, asset quality, profitability and other financial areas. This latest BauerFinancial rating is based on September 30, 2014, financial data.

“This top rating reflects our strong financial position at Charter Oak, as well as our continuing growth,” said Brian A. Orenstein, Charter Oak’s Chief Executive Officer. During 2014, Charter Oak celebrated its 75th anniversary and opened its new Branch and Headquarters complex in Waterford. The branch is the 14th in Charter Oak’s network of branches across New London and Windham counties.

The Waterford-based Charter Oak is eastern Connecticut’s largest credit union, with assets of $847.2 million as of December 31, 2014, a 7.3 percent increase from 2013’s year-end assets.

The Coral Gables, Fla.-based BauerFinancial is the nation’s leading independent bank and credit union rating and research firm. Financial institutions that earn its top rating are safe, financially sound and operating well above their regulatory capital requirements. BauerFinancial compiles its financial data based on information reported to the National Credit Union Administration, the governing federal agency for credit unions. For more information about BauerFinancial, please visit or call 800-388-6686.

For more information about Charter Oak's products and services, please stop by one of our branches or visit our website at

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