Charter Oak
Charter Oak is a credit union based in Waterford, Connecticut, established in 1939, with $1.7 billion in total assets serving 86,156 members. By Trust Grade it ranks 3rd of 64 credit unions we track in Connecticut. Its net worth ratio of 12.3% is stronger than 74% of similarly sized credit unions, versus a Connecticut median of 11.2%. It was profitable over the most recent period, with a 1.72% return on assets. No consumer complaints against Charter Oak appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Charter Oak compares to Connecticut peers
How we graded Charter Oak
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.3% capital ratio)
- Strongly profitable (ROA 1.72%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Charter Oak over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Charter Oak insured?
Yes. Charter Oak is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Charter Oak: frequently asked questions
Is Charter Oak a good credit union?
Charter Oak earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (12.3% capital ratio); Strongly profitable (ROA 1.72%).
Is Charter Oak NCUA-insured?
Yes. Charter Oak is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Charter Oak?
Charter Oak holds $1.7 billion in total assets, ranking 3rd of 64 credit unions we track in Connecticut. It serves 86,156 members.
Does Charter Oak have CFPB complaints?
No CFPB complaints against Charter Oak appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
