SCHOLARSHIP PROGRAM

WE ARE AWARDING $90,000
IN COLLEGE SCHOLARSHIPS!

We will be announcing the names of all scholarship winners soon!

All applications will be reviewed during the month of April. We will announce all winners on this website, as well as our Facebook page - so check back frequently, and like us on Facebook! All applicants will receive an email or letter from the Scholarship Committee regarding their decision. Any questions can be directed to CharterOakMarketing@cofcu.com

Not only can we help ease the burden of college expenses by offering our scholarship program, but we can offer you a great option to save and smart ways to borrow!

  • Bright Future Savings Account: Earn 5.00% APY** on the first $2,000.00 of your balance! Now available to members between the age of 14 and 28! Learn more!

  • Student Lending Options via Sallie Mae: We are partnering with Sallie Mae to offer our members their Smart Option Student Loan. Coming late spring!

*This unique scholarship program will reward at least one high school senior from each eligible high school in New London and Windham counties (with an enrollment of at least 100 students) with a $2,000 scholarship. Most high school student applicants will essentially be competing against their peers, rather than competing with students throughout eastern Connecticut.

**(APY = Annual Percentage Yield) The Bright Future Savings Account is a "Split Rate Tiered" account. You will earn the stated APY only for the account balance within each tier. 5.00% APY is paid on balances up to $2,000.00. Balances over $2,000.00 earn 0.25% APY. The account is a variable rate account and rates can change at any time. This account may only be opened by members between the ages of 14 and 28. After reaching age of 29, account will remain open at the discretion of the account holder. This offer can be withdrawn at any time. No minimum to open. Limit of one Bright Future Savings Account per Social Security number.


Financial Literacy

Charter Oak also gives back to the community by promoting financial education and awareness. Our two high school branches (located at Killingly High School in Dayville and Robert E. Fitch Senior High School in Groton) employ students interested in careers in financial service, and encourage students to start saving for the future.
 

Enjoy these great offers!

 

EARN
 

1.60%apy*


ON AN 8-MONTH

CERTIFICATE

PENALTY FREE!





 

FIND OUT MORE

 

 

 

 

 

* APY = Annual Percentage Yield

 

EARN
 

2.00%apy*


ON A 20-MONTH

CERTIFICATE





 

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* APY = Annual Percentage Yield

 

GET THE MONEY
YOU NEED FOR COLLEGE

 

WITH A SALLIE MAE

 

SMART OPTION

 

STUDENT LOAN

 





 

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ACCELERATOR MORTGAGES
AS LOW AS

3.24%  /
3.30%apr**


 

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** APR = Annual Percentage Rate