Groton, CT (October 25, 2012) – Charter Oak Federal Credit Union has again received the top 5-Star rating from BauerFinancial Inc., signifying that Charter Oak is one of the strongest financial institutions in the nation.
Bauer awards the 5-Star rating to those institutions that excel in their capital, asset quality, profitability and other financial areas. This latest Bauer rating is based on June 30, 2012, financial data.
The Coral Gables, Fla.-based Bauer (www.bauerfinancial.com) is the nation’s leading independent bank and credit union rating and research firm. Those financial institutions earning its top rating are safe, financially sound and operating well above their regulatory capital requirements. Bauer compiles its financial data based on information reported to the National Credit Union Administration, the governing federal agency for credit unions.
The Groton-based Charter Oak, which has assets of $753 million, has nearly 70,000 members and operates 12 branches in New London and Windham counties.
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.