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Charter Oak Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.00%Reward CheckingGO Checking
1.82% - National Average
1.50%5-year CD60 Month Share Certificate
2.35% - Synchrony Bank 60 Month CDAdvertisement
1.25%4-year CD48 Month Share Certificate
1.50% - Ally Bank Raise Your Rate 4-Year CDAdvertisement
View all Charter Oak Federal Credit Union rates »

Overview / Commentary
www.charteroak.org
860-446-8085
1055 Hartford Tpke
Waterford, CT 06385

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 277th largest credit union in the nation. It was established in 1939 and as of March of 2017, it had grown to 200 employees and 64,391 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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Reviews (1)

Charter Oak Review

Posted by: billy16 | May 12, 2016

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.

2


Health
A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #3413
Year Chartered1939
Employees200
Primary Regulator
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD9.19%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.01B$958.5MM
LoansQ1 2017vs Q1 2016$822.3MM$759.7MM
DepositsQ1 2017vs Q1 2016$844.8MM$772.7MM
Equity CapitalQ1 2017vs Q1 2016$95.7MM$91.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$3.8MM$3.6MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.6MM$1.9MM
Real Estate OwnedQ1 2017vs Q1 2016$185.00K$870.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%--Health Savings Account
0.05%--Regular Shares
0.05%--Holiday Club Account
0.05%--Vacation Club Account
0.05%--IRA Shares
0.05%--Roth IRA Shares
0.05%--SEP IRA Shares

Charter Oak Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$2kAccumulator 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
0.40%*$100k*-Jumbo Roth IRA Money Market Account
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $50k | 0.30% → $50k - $100k
0.40%*$100k*-Jumbo SEP 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kGO Checking
OTHER TIERS: 0.25% → $10k+
0.50%*$250k*$2mPremier Business Checking Account
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k | 0.30% → $100k - $250k
0.50%*$100k*$2mNon-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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
Locations

Charter Oak Federal Credit Union has 16 locations. Click to view all Charter Oak Federal Credit Union locations.