Charter Oak Receives Top 5-Star Rating

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

"This top rating reflects Charter Oak's strong financial condition, from our growing assets to our strong net worth," said Brian A. Orenstein, Charter Oak's President and Chief Executive Officer. "And we're very honored to receive this top rating, which is a great testament to the safe and sound management of our finances," he said.

BauerFinancial is the nation's leading independent bank and credit union rating and research firm. The firm awards its top 5-Star rating only to those financial institutions that excel in their capital, asset quality, profitability and other financial areas. This latest 5-Star rating is based on June 30, 2015 financial data, which was made available by BauerFinancial in September. The next BauerFinancial data will be based on September 30, 2015 financial data and will be available in December.

Financial institutions that earn BauerFinancial's top 5-Star rating are safe, financially sound and operating well above their regulatory capital requirements. The Coral Gables, FL-based BauerFinancial compiles its financial data based on information reported to the National Credit Union Administration (NCUA), the governing federal agency for credit unions. For more information about BauerFinancial, please visit its website at or call 800.388.6686.

Charter Oak is eastern Connecticut's largest credit union with assets of $914 million as of September 30, 2015. Charter Oak, which has 14 branches in New London and Windham counties, has been the Number 1 mortgage lender in eastern Connecticut for the past five years. For more information about our products and services, visit any of our convenient branches, contact our Call Center at 860.446.8085 or 800.962.3237, or visit