The $779 million, 65,000-member Charter Oak Federal Credit Union of Groton, Conn., finalized its merger with the $1.7 million, 600-member Quiet Corner Community Credit Union, Inc. on June 30 and opened a new full-service branch July 1 in Putnam, Conn.
Opening the branch is part of Charter Oak's continuing expansion into the northern portions of Windham County.
“This new branch serves as a great launch-pad to grow our banking business throughout the ‘Quiet Corner’ area and gives us new opportunities to increase our mortgage and commercial lending there, as well,” said Brian Orenstein, Charter Oak’s CEO.
As a result of the merger, Charter Oak’s new Putnam branch at 7 Providence Pike (Route 44) has absorbed Quiet Corner’s former operations in Putnam.
Audrey Lefevre, former manager and treasurer of Quiet Corner Community CU, is the new branch supervisor for the Charter Oak's new Putnam branch. Sonya Armstrong, who serves as branch manager for Charter Oak’s Dayville and Killingly locations, was tapped as the new Putnam branch manager.