Sep, 30, 2025 — CHARTER OAK FEDERAL CREDIT UNION is a federal credit union headquartered in WATERFORD, CT with 15 branch locations and about $1.64 billion in total assets. Opened 87 years ago in 1939, CHARTER OAK FEDERAL CREDIT UNION has about 88,364 members and employs 203 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHARTER OAK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1055 Hartford Tpke WATERFORD, CT 06385-4005 |
| Phone: | (860) 446-8085 |
| Fax: | (860) 446-3214 |
| Website: | https://www.charteroak.org |
| Branches: | 15 branch locations |
| Members: | 88,364 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3413 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,638,907,920 |
| CEO/Manager: | Brian A Orenstein |
| Chairperson: | Guy Henry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 202,609,207 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 710,887,225 |
| Unsecured Loans | 6,496,450 |
| Other Loans | 176,746,074 |
| TOTAL LOANS | 894,129,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,158,363 |
| Land And Building | 27,146,367 |
| Other Fixed Assets | 3,238,195 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 13,563,731 |
| All Other Assets | 49,574 |
| TOTAL ASSETS | 1,638,907,920 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 32,500,000 |
| Accounts Payable & Other Liabilities | 17,301,321 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 397,441,138 |
| Regular shares | 378,809,429 |
| All Other Shares & Deposits | 656,913,172 |
| TOTAL SHARES & DEPOSITS | 1,433,163,739 |
| TOTAL LIABILITIES | 1,483,206,678 |
| Regular Reserve | 0 |
| Other Reserves | -41,525,773 |
| Undivided Earnings | 197,227,015 |
| TOTAL EQUITY | 155,701,242 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,638,907,920 |
| INCOME & EXPENSE | |
| Loan Income | 32,389,129 |
| Investment Income | 15,811,495 |
| Other Income | 8,910,935 |
| Total Employee Compensation & Benefits | 16,573,479 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,937,477 |
| Non-operating Income & (Expense) | 3,768,397 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,240,618 |
| Cost of Funds | 15,083,957 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,065,976 |
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