Charter Oak

opens new

branch, HQ

GROTON — Charter Oak Federal Credit Union will open its new Branch and Headquarters in Waterford June 16,  marking the completion of the largest construction project in the credit union’s 75-year history.

 “This new building reflects our strong commitment to eastern Connecticut, including its communities and its economy,” said Brian A. Orenstein, Charter Oak’s CEO. “We’re very proud of the fact that 85 percent of all the construction work was done by labor and contractors right here in eastern Connecticut.” Charter Oak expects to create 10 new jobs with the completion of the new $18 million complex.

The credit union will celebrate its new Branch and Headquarters, located at 1055 Hartford Turnpike (Rt. 85), with grand opening ceremonies at 10 a.m. The new branch will open at 11 a.m.. Governor Dannel P. Malloy and U.S. Senator Richard Blumenthal are invited and are expected to attend the grand-opening ceremonies, along with Charter Oak representatives, elected officials, and business leaders.

The new facility features a distinctive architectural style, with a curved roof, brick-and-glass exterior, and an expansive, two-story atrium. In addition, the building includes a new Community Room for free use by the region’s non-profits, an employee fitness room, employee cafeteria, and employee training room.

The new branch will be the 14th in Charter Oak’s network of branches in New London and Windham counties.