Lenders › Charter Oak Federal Credit Union › Connecticut
Charter Oak Federal Credit Union in Connecticut
HMDA record for properties in Connecticut, calendar year 2024. National record · Connecticut overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Charter Oak Federal Credit Union's 2024 HMDA record for Connecticut covers 1,095 applications, 780 of them originated, worth $131m.
Its denial rate in the state was 16.4%, below the Connecticut rate of 23.7% across all lenders and compared with the lender's national rate of 16.4%.
The median rate spread on its Connecticut originations was 0.1 percentage points (state median 0.3).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Connecticut | Connecticut, all lenders | Charter Oak Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 16.4% | 23.7% | 16.4% | 24.3% |
| Median rate spread, pp | 0.1 | 0.3 | 0.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 0.6% | 14.8% | 0.6% | 15.6% |
| Average originated loan | $168k | $325k | $168k | $329k |
| Home purchase share | 23.3% | 52.6% | 23.0% | 57.0% |
| FHA-insured share | 0.3% | 9.1% | 0.2% | 13.4% |
| VA-guaranteed share | 0.0% | 3.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateConnecticut, all lenders
Loan purpose and loan type in Connecticut
By purpose
Home purchase 23% (182)Home improvement 32% (246)Refinancing 3% (22)Cash-out refinancing 17% (130)Other purpose 26% (200)
By type
Conventional 100% (778)FHA 0% (2)
Denial reasons as coded
Share of 156 denials in Connecticut by first denial reason coded (outlined bar: all lenders in the state).
Counties in Connecticut
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Southeastern Connecticut Planning Region | 669 | 469 | $72m | 16.5% |
| Northeastern Connecticut Planning Region | 223 | 156 | $18m | 17.3% |
| Capitol Planning Region | 115 | 91 | $28m | 15.7% |
| Lower Connecticut River Valley Planning Region | 52 | 39 | $6.4m | 13.3% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Charter Oak Federal Credit Union originate in Connecticut in 2024?
780 loans totalling $131m, from 1,095 applications reported for properties in Connecticut.
What is Charter Oak Federal Credit Union's denial rate in Connecticut?
16.4% of decided applications in Connecticut were denied, against 23.7% for all lenders in the state and 16.4% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Connecticut counties does Charter Oak Federal Credit Union lend in most?
By originations: Southeastern Connecticut Planning Region (469), Northeastern Connecticut Planning Region (156), Capitol Planning Region (91), Lower Connecticut River Valley Planning Region (39).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Connecticut. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.