Recognized

WATERFORD — Charter Oak Federal Credit Union recognized the accomplishments of 39 college-bound students where each student was awarded one $2,000 scholarship.

“In January, we formally announced the expansion of our scholarship program stating that our annual investment in Connecticut’s youth was going to increase by six times,” said Brian A. Orenstein, Charter Oak’s President and Chief Executive Officer. “And I’m honored to say that we’ve gone above that figure – by awarding $78,000 in college scholarships in 2015.”

Previously, Charter Oak had awarded six scholarships annually, totaling $12,000.

Charter Oak’s expanded scholarship program offered one $2,000 scholarship award to one high school senior from each high school in New London and Windham counties with enrollment of 100 or more students. The credit union received nearly 150 applications from more than 25 high schools.