FIVE STARS FOR CHARTER OAK FEDERAL CREDIT UNION
Groton Based Credit Union Ranks Superior According to National Bank Rating Service
Groton, CT-November 3, 2011 – Charter Oak Federal Credit Union has earned the highest possible rating from the nation’s leading independent credit union rating and research firm, BauerFinancial, Inc. Awarded five stars and deemed superior among financial institutions, Charter Oak excels in areas of capital adequacy, profitability and asset quality.
Charter Oak, which has over $680 million in assets and nearly 70,000 members, was also assessed as safe, financially sound and operating well above its regulatory capital requirements by the rating service. Analyzing and reporting on the financial condition of the nation’s banking industry since 1983, BauerFinancial, Inc. is the trusted source for unbiased, independent bank and credit union star-ratings.
