MISSION: Charter Oak Federal Credit Union is a community credit union that is committed to giving back to charitable entities within its field of membership. Charter Oak Federal Credit Union’s Community Giving Grants Program is geared specifically to non-profit organizations that foster economic development and social well-being in both New London and Windham counties.
Grants from Charter Oak Federal Credit Union’s Community Giving Grants Program provide funding to a variety of non-profit organizations. Priority is given to initiatives supporting the following:
When considering Grant requests, we consider the following criteria as well:
Organizations must be 501 (c) (3) tax-exempt by the Internal Revenue Service serving one or more of the communities in New London or Windham counties.
Charter Oak Federal Credit Union does not make Grants to the following types of applicants:
Multiple year commitments will be considered, but are limited.
When determining funding recipients, Charter Oak Federal Credit Union’s Community Giving Committee has reserved the right to request more information from applicants, or to conduct site visits when determining requests. A written follow-up report of the recipient’s program or project will be due six months after the project’s funding notification. Should an organization fail to provide this report, they may not be considered for future funding until one is submitted for the previous project. Charter Oak also reserves the right to publicize names and images of award recipients and may request photos of projects or individuals for this purpose. We encourage Grant recipients to document any beneficial information, not only for publicity purposes; but to supplement your future Grant request applications.
Do You Have Questions on Your Application for a Community Giving Grant?
Should you have questions whether or not your request qualifies for funding, please call the Public Relations Coordinator at 860.446.3238 to discuss your project prior to submitting an application.
Grant applications for under $2,500 may be submitted at any time throughout the calendar year. Applications for amounts $2,500 and over will be reviewed quarterly on the schedule that appears below. All requests must be accompanied by a completed Community Giving Grants application, as well as the supporting documents outlined below. We can accept only one application per year from any organization.
In order to consider a Grant request, the following supporting information and documents must be included with the Grant application.
If any of the above documents are unavailable or inapplicable, the reason should be noted on the Grant application form. (For example, if an organization is a municipal agency, it would not have a 501 (c) (3) letter.)
Grants greater than or equal to $2,500 will be reviewed on the quarterly schedule that appears below.
Your application, together with supporting documents, should be sent to:
Charter Oak Federal Credit Union
Community Giving Program
1055 Hartford Turnpike
Waterford, CT 06385
Sorry-we cannot accept applications via fax or email.
All applicants will be notified in writing of the Community Giving Committee’s decision. Applicants may request information about the program or how to apply for funding, as well as discuss their project prior to submitting an application, by calling the Community Relations Manager at 860.446.3238.
All funding recipients will be required to open an interest-bearing checking account for 501 (c) organizations with Charter Oak Federal Credit Union in order to receive funds. Once an account is opened at one of our branches, grant funds will be deposited into that account and made available for withdrawal.
Additionally, a final report detailing the success of the project is required from each grant recipient within six months of receiving the award. Final Report forms can be found here.