Ten organizations will be able to do more to help the community thanks to $19,000 in grants from Charter Oak Federal Credit Union.

The Groton, Conn.-based $749 million cooperative said its Community Giving Program has funded 42 grants, totaling $74,100 this year alone, and has given more than $575,000 to local community and nonprofit groups since its inception in 2009.

Recent grant recipients include Catholic Charities, Diocese of Norwich; City of Norwich; The Connecticut Radio Information System; Habitat for Humanity of Southeastern Connecticut; Ledyard Social Services; LifeFAQs.org; Muscular Dystrophy Association; Northeast Communities Against Substance Abuse; Norwich Human Services; and Safe Futures.

These organizations will use the allocated funds to assist individuals and families living within Charter Oak's field of membership.

According to the credit union LifeFAQs.org will continue to help disadvantaged students in the Greater New London area while Catholic Charities, Diocese of Norwich, will use the funds to ensure that local families remain intact and are able to afford their basic needs.

The Connecticut Radio Information System, also known as CRIS, was awarded a grant to expand its radio reading service in Windham and New London counties. CRIS is the only radio reading service in Connecticut for people with disabilities.

“It was an easy decision to award funds to these organizations. They are doing their best to improve the communities in which Charter Oak has served for over 73 years,” said Brian Orenstein, Charter Oak's CEO.

Community Giving Grant application forms are reviewed on a quarterly basis, according to Charter Oak. The next deadline is Jan.1.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.