Charter Oak Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.00% | Reward Checking | 1.73% - National Average |
| 1.50% | 5-year CD | 2.27% - National Average |
| 1.25% | 4-year CD | 1.99% - National Average |
Charter Oak Federal Credit Union is headquartered in Waterford and is the 3rd largest credit union in the state of Connecticut. It is also the 272nd largest credit union in the nation. It was established in 1939 and as of December of 2018, it had grown to 207 employees and 74,149 members at 16 locations. Charter Oak Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Charter Oak Federal Credit Union is open to those who live, work, attend school, volunteer, or worship in New London and Windham Counties in Connecticut.
See current membership details
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Charter Oak Review
I went in just for free checking and got more than that for free. As long as I did direct deposit and had a minimum of a few thousand, I was able to get a huge interested return as gold member. Also, the mortgage rates offered to be were unbeatable compared to the big banks. The only thing I did not like and enjoyed is is mobile and website interface. It was great overall.
Would Not Recomend
I have had a checking account with this credit union for about five years. Every time I had made a check deposit in person, there has been an issue. One instance they kept me waiting for over twenty minutes because there was no manager to approve the check deposit (!). Their hold policies seem to be whatever the person doing the deposit feels like holding. They once held my payroll bonus check for over 15 days., even when presented with the corresponding pay stub. plan on closing this account as the last local bank check i deposited they held for ten business days. Not consistent on their policies. Oh, and by the way I have never bounced a check or deposited a bad check.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3413 |
| Year Chartered | 1939 |
| Employees | 207 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 7.69% |
| Annual Interest Income | $36.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.12B$1.04B |
| Loans | Q4 2018vs Q4 2017 | $886.0MM$852.9MM |
| Deposits | Q4 2018vs Q4 2017 | $875.8MM$811.3MM |
| Equity Capital | Q4 2018vs Q4 2017 | $107.1MM$99.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $4.6MM$3.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $3.5MM$4.6MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$230.00K |
Always verify rates and promotions with the bank or credit union. We are not Charter Oak Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Charter Oak Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 5.00%* | - | $2k | Bright Future Savings | ||
| OTHER TIERS: 0.25% → $2k+ | |||||
| 2.50% | - | - | Health Savings Account | ||
| 0.05% | - | - | Regular Shares | ||
| 0.05% | - | - | Holiday Club Account | ||
| 0.05% | - | - | Vacation Club Account | ||
| 0.05% | - | - | IRA Shares | ||
Charter Oak Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | - | $2k | Accumulator Money Market Account | ||
| OTHER TIERS: 0.25% → $10k+ | 1.00% → $6k - $10k | 2.00% → $2k - $6k | |||||
| 0.40%* | $100k* | - | Jumbo Money Market Account | ||
| OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $50k | 0.30% → $50k - $100k | |||||
| 0.40%* | $100k* | - | Jumbo IRA Money Market Account | ||
| OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $50k | 0.30% → $50k - $100k | |||||
Charter Oak Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | - | $10k | GO Checking | ||
| OTHER TIERS: 0.25% → $10k+ | |||||
| 0.50%* | $250k* | $2m | Premier Business Checking Account | ||
| OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k | 0.30% → $100k - $250k | |||||
| 0.50%* | $100k* | $2m | Non-Profit 501 Checking | ||
| OTHER TIERS: 0.05% → Up to $25k | 0.30% → $25k - $100k | |||||
| 0.05% | $1k | - | Charter Classic Share Draft | ||
Charter Oak Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.30% | $1k | - | 7 Month Share Certificate Special | |
| 2.00% | $1k | - | 20 Month Share Certificate Special | |
| 1.50% | $10k | - | 72-120 Month Share Certificate | |
| 1.50% | $1k | - | 60 Month Share Certificate | |
| 1.25% | $1k | - | 48 Month Share Certificate | |
| 1.10% | $1k | - | 36 Month Share Certificate | |
| 1.00% | $1k | - | 18 Month Gold Share Certificate | |
| 0.70% | $1k | - | 24 Month Share Certificate | |
| 0.40% | $1k | - | 12 Month Share Certificate | |
| 0.30% | $1k | - | 6 Month Share Certificate | |
| 0.15% | $1k | - | 3 Month Share Certificate | |
| 0.05% | $10k | - | 30 Day Share Certificate |
Charter Oak Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $1k | - | 60 Month IRA Certificate | |
| 1.50% | $10k | - | 72-120 Month IRA Certificate | |
| 1.25% | $1k | - | 48 Month IRA Certificate | |
| 1.10% | $1k | - | 36 Month IRA Certificate | |
| 0.70% | $1k | - | 24 Month IRA Certificate | |
| 0.40% | $1k | - | 12 Month IRA Certificate | |
| 0.30% | $1k | - | 6 Month IRA Certificate | |
| 0.15% | $1k | - | 3 Month IRA Certificate | |
| 0.05% | $10k | - | 30 Day IRA Certificate |
