5-Star rating

WATERFORD — Charter Oak Federal Credit Union has again earned the top 5-Star rating from BauerFinancial Inc., which indicates that Charter Oak is one of the strongest financial institutions in the nation.

“This top rating is a clear indication of Charter Oak’s superior financial condition,” said Brian A. Orenstein, Charter Oak’s president and CEO. “Our 5-Star rating also reflects our continued safe and sound management of our credit union finances,” he said. Charter Oak’s assets grew to $935 million as of Dec. 31, 2015, up 10 percent from 2014’s year-end assets of $847 million.