GROTON — Charter Oak Federal Credit Union opened a new full-service branch in Putnam on July 1 as part of its 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 A. Orenstein, Charter Oak’s chief executive officer.
In addition, the Putnam branch at 7 Providence Pike (Route 44) will offer a host of new services for former members of the Quiet Corner Community Credit Union Inc., which merged with Charter Oak effective June 30. As a result of the merger, Charter Oak’s new Putnam branch has absorbed Quiet Corner’s former operations in Putnam.
The credit union held a ribbon-cutting ceremony on Monday for its new Putnam branch, which was attended by local dignitaries, officials and credit union members and staff.
Charter Oak’s new Putnam branch is conveniently located in a busy commercial and retail area and is the credit union’s 13th branch in New London and Windham counties. The Putnam branch is also Charter Oak’s third full-service location serving Windham County. The other two Windham County branches are in Willimantic and Dayville. In addition, Charter Oak operates a branch inside Killingly High School to increase financial literacy among high school students.
Audrey Lefevre, who served as the manager/treasurer of Quiet Corner Community Credit Union, is the new branch supervisor for the Putnam branch. Sonya Armstrong is the new Putnam branch manager, in addition to serving as branch manager for Charter Oak’s Dayville and Killingly locations.