Matching Gifts Program Donates $400,000 To Charities

Combined Giving Benefits Over 280 Organizations; Nearly $3 Million Donated Since 2016

For Immediate Release
Contact: Ronald Wertz
VP-Director of Marketing
860.446.3254

Waterford, CT – Oct. 17, 2023 – Thousands of area families helped by more than 250 charitable organizations will benefit this holiday season from $400,000 raised through Charter Oak Federal Credit Union’s 2023 Matching Gifts Program.

Charter Oak Federal Credit Union and its members have raised nearly $3 million since 2016 through this annual initiative to give back to the community.

Based on the volume of generous donations from Charter Oak members this year, Charter Oak’s Matching Gifts pledge of “Which comes first? $200,000 or 100 days” was met in 48 days, easily surpassing last year’s record of 70 days.

Donations to nonprofits across the region are dispersed in varying amounts. Organizations receiving the largest gifts this year include Recovery Twelve Solution, $14,500; Terri Brodeur Breast Cancer Foundation, $13,475; Wheeler Library, $10,450; and Friends of Chikumbuso, $9,700.

“Our members’ generosity speaks volumes about the sense of community we all share and the level of commitment to keeping our region strong, vibrant, and diverse,” said Brian A. Orenstein, Charter Oak President and Chief Executive Officer. “This combination of member and Charter Oak Federal Credit Union funds will be distributed across a broad spectrum of vital agencies from healthcare and family-centered charities to cultural and educational organizations.”

Charter Oak Federal Credit Union matched 782 donations with 622 of those donations given to New London and Windham counties and benefitting local food pantries, regional food centers, housing programs, educational assistance and more.

Charter Oak’s Matching Gifts Program, which starts in August each year, matches all qualified donations made by its members to 501(c)(3) charities. Charter Oak is eastern Connecticut’s largest credit union with assets of $1.52 billion as of September 30, 2023. For more information about Charter Oak’s broad range of products and services, please visit any of our convenient branches, call our Contact Center at 860.446.8085 or visit CharterOak.org. Federally insured by NCUA. Equal Housing Lender

Charter Oak is eastern Connecticut’s largest credit union with assets of $1.52 billion as of September 30, 2023. For more information about Charter Oak’s broad range of products and services, please visit any of our convenient branches, call our Contact Center at 860.446.8085 or visit CharterOak.org. Federally insured by NCUA. Equal Housing Lender. Charter Oak Federal Credit Union is like a bank, just better! We’ve been proudly serving eastern Connecticut since 1939 and we offer great checking, deposit, lending, insurance and investment products. And because we’re a credit union, we’re owned by our members, not by shareholders. So we can offer lower rates on loans and higher rates on deposits. It’s easy to become a Charter Oak member: simply live, work, worship, learn, or volunteer in New London or Windham counties. So join today and see why Members Bank Better at Charter Oak.