Charter Oak’s New HQ Courts Community
The unveiling of Charter Oak Federal Credit Union’s new $18 million headquarters June 16 won’t be the typical grand opening.
The $805 million cooperative in Groton, Conn., will appeal to the surrounding region in more ways than one.
For instance, the 65,000-square-foot facility in Waterford, Conn., has a new 190-seat community room for the area’s nonprofits to use for free, according to Anthony Cronin, Charter Oak assistant vice president-director of marketing. Several local groups have already expressed interest in using the room, he added.
Eighty-five percent of the labor to build the credit union’s 14th branch over the past two years came from eastern Connecticut – an important distinction as Charter Oak wanted to tap local businesses. Ten new jobs are expected to be created as a result of the new headquarters, Cronin said.
‘This new building reflects our strong commitment to eastern Connecticut, including its communities and its economy," said Brian Orenstein, CEO of Charter Oak.
The new facility also features a distinctive architectural style, with a curved roof, brick-and-glass exterior, and an expansive, two-story atrium, according to the credit union. Charter Oak turned to local architecture and engineering firms as well as a general contractor to design and build the headquarters.
Employees will also have access to a fitness room, cafeteria, and training room.
Cronin said Connecticut Gov. Daniel Malloy and Sen. Richard Blumenthal (D-Conn.) are expected to attend the grand opening ceremonies along with Charter Oak representatives, elected officials, and business leaders.
Charter Oak's current headquarters in Groton will continue to serve as a branch location after the new Waterford headquarters opens.