• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Windham Region Chamber of Commerce

  • Home
  • News
    • Chamber News
    • Member News
  • Community Programs
    • Eastern CT Veterans Community Center
      • Resources
      • Survivors of Suicide Loss
      • Afghanistan: Let’s Talk About It
  • Business Resources
    • RE-OPENING CT
    • COVID-19
    • Business Resource Center
    • Windham Region Business Directory
  • Upcoming Events
  • Member Center
    • Member Login
    • Member Directory
    • Member to Member Deals
    • Chamber Alliance Networking (CAN) Coffee Hour
  • Join
    • Benefits Of Membership
  • Staycations
    • Step Back in Time
    • Shopping Staycation
    • The Great Outdoors
  • About Us
    • 2019 Annual Report
    • 2020 Board of Directors
    • Contact Us

Sep 21, 2012 by Windham Chamber

Charter Oak Breaks Ground on New Headquarters Waterford complex will include new branch, Community Room

Charter Oak Federal Credit Union broke ground Thursday on its new headquarters in Waterford, setting the stage for construction of a new $18 million complex that will house its newest branch, corporate headquarters and community room and open up new growth opportunities in New London County.

“Today marks a significant milestone in Charter Oak’s proud history,” said Brian A. Orenstein, Chief Executive Officer. “This new headquarters is a significant step forward for our credit union and represents our biggest expansion since our founding 73 years ago.”

The morning groundbreaking, held at the site of the new headquarters at 1055 Hartford Turnpike (Route 85), was attended by municipal officials, elected representatives, members of the local business community and Charter Oak employees.

“Despite this sluggish economy, Charter Oak is making a bold statement today – that we’re committed to growing eastern Connecticut’s economy and growing our credit union in the years to come,” said Orenstein. “We believe in building our local economy, which is why this project will employ local building and construction trades and use local materials as much as possible,” he said.

Charter Oak’s new headquarters was designed by Point One Architects of Old Lyme, and CLA Engineers, Inc. of Norwich is providing engineering services. Enterprise Builders of Newington will serve as the project’s general contractor.

When finished late next year, the nearly 65,000-square-foot complex at the intersection of Route 85 and Industrial Drive will consolidate all of Charter Oak’s administrative functions under one roof and will feature Charter Oak’s 13th branch office and new community room available for free use by the public.

Charter Oak’s current headquarters at 32 Chicago Avenue in the city of Groton will continue to serve as a branch location once the new headquarters opens in Waterford. The Chicago Avenue office’s second floor, now housing headquarters staff, will be renovated for possible leasing opportunities. Charter Oak’s newly renovated branch on Long Hill Road in Groton also remains open and is unaffected by the headquarters move.

Charter Oak is the third-largest credit union in the state, with assets of $750 million. The credit union was founded in1939 as the Groton Shipbuilders Federal Credit Union with an initial contribution of $250 from a handful of shipyard workers at the Groton-based Electric Boat. Today, Charter Oak has 12 branches in New London and Windham counties and a membership base of nearly 70,000.

Charter Oak Federal Credit Union, headquartered in Groton, Connecticut, offers a broad range of financial services – including checking, deposit, lending, insurance and investments – to individuals, businesses, nonprofits and professionals in New London and Windham counties. If you live, work, worship, attend school, or volunteer in New London and Windham counties, we invite you to do business with us. For more information about what Charter Oak can offer you, please visit www.CharterOak.org.

 

Filed Under: Member News

Footer

Connect With Us

We’re conveniently located in the heart of downtown Willimantic’s business district. Call us to schedule a meeting to discuss your business needs or to meet with our Business Resource Center.

Windham Region Chamber of Commerce
1320 Main St., Suite 27
Willimantic CT 06226
Phone: (860) 428-7739

info@windhamchamber.com

Subscribe to our newsletter!

Sign up below to receive weekly news and events from the Chamber!

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: The Chamber of Commerce, Inc, Windham Region, 47 Crescent Street, Willimantic, CT, 06226, https://www.windhamchamber.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts

  • HEBRON MAPLE FESTIVAL, MARCH 18-19, 2023 – PROGRAM
  • SLICE OF LIFE Living History Event in Windham, CT
  • STANDARD MILEAGE RATES FOR 2022 & OTHER MILEAGE TAX INFO
  • DID YOU KEEP ANY OF YOUR EMPLOYEES THROUGHOUT THE PANDEMIC? YOU NEED TO READ THIS!
  • DO YOU OWE ANY CT TAXES FROM 2020 OR BEFORE? THERE IS HELP

Categories

Copyright © 2023 · The Chamber of Commerce, Inc. Windham Region