Charter Oak named No. 1 mortgage lender for 11 consecutive years
Staff Report
Charter Oak Federal Credit Union is the No. 1 residential mortgage lender in eastern Connecticut for the 11th consecutive year, originating more than 900 mortgages in New London and Windham counties combined during 2020 with a total value exceeding $138 million.
Since 2010, when Charter Oak first became the top residential lender in eastern Connecticut, the credit union has originated almost 11,000 mortgages in both counties combined with a total value of nearly $1.4 billion, based on annual data compiled by The Warren Group’s Residential Mortgage Marketshare Report.
Over the course of 2020, Charter Oak originated 923 residential mortgages in New London and Windham counties combined with a total value of $138.3 million, which exceeded all of the other local and national banks and credit unions serving the two counties, based on The Warren Group’s data. The next closest competitor to Charter Oak originated a total of 540 mortgages in New London and Windham counties combined during 2020.