History

CorePlus Federal Credit Union is a federally chartered, member owned, not for profit cooperative. We are a not for profit, not for charity, but for service Credit Union.

1936

Monday March 30. An organizational meeting took place at the Wauregan Hotel by the Norwich Teachers League to form a Credit Union.

The Norwich Connecticut Teachers Federal Credit Union began with 27 members and $15.00.

1964

At this time the assets had reached $100,000.00.

1973

Eastern Connecticut Teachers Credit Union released the towns in Windham County, Connecticut to Norwich Teachers Federal Credit Union for “Better Service…”

1974

By 1974 the Credit Union had reached over one million dollars in assets.

1981

The Credit Union merged with The Pequot Teachers Federal Credit Union, and became known as the Norwich Pequot Teachers Federal Credit Union.

1989

By merger, American Standard Federal Credit Union and Hayward Federal Credit Union were acquired. The Norwich Pequot Teachers Federal Credit Union was then serving over 10,000 members and had more than 25 million in assets.

2000

On June 1st Norwich Pequot Teachers Federal Credit Union merged with the Backus Employees Federal Credit Union.

2001

In April Norwich Pequot Teachers Federal Credit Union changed its name to CorePlus Federal Credit Union. Months later in July we merged with Norwich Connecticut Federal Credit Union. Then we completely renovated the 1850’s building into our fifth branch.

2003

In February another merger occurred and we acquired New London Telephone Employees Federal Credit Union.

2004

We were granted a Community Charter by NCUA to serve New London County, Windham County, the residents of Hebron and the employees of the town of Bolton.

2005

August 2005, saw the downtown branch in Norwich, relocated to a full service branch with ATM and drive-thru at 30 Norwich Avenue.

2006

July 26, 2006, opened an office in Plainfield at 67 Lathrop Road and in August installed an ATM at Norwich City Hall.

2007

October 9, 2007, moved our New London Branch to 40 Boston Post Road, Waterford. November marked the installation of an ATM at the Backus Hospital Outpatient Care Center on Salem Turnpike.

2008

In July Fedcon Employee’s Federal Credit Union chose to merge with CorePlus Federal Credit Union

2009

Our membership was over 21,000 and our assets had grown to over 200 million dollars.

2011

CorePlus kicks off its 75th Anniversary celebration on March 30th with proclamations from local and state officials recognizing the Credit Union’s service to its members and its communities.

2012      

CorePlus enters relationship with Credit Union Student Choice – a continuing education loan program that fills the gap after scholarships, grants and subsidized loans are applied to the cost of attendance. Families can learn about Student Choice through local high schools, information on our website, or Member Education Workshops, held every 6 months.

Opened the Putnam and Norwich Loan Zone offices; consumer lending centers specializing in personal, auto and real estate loans.

We participated in the Greater Norwich Area Chamber of Commerce’s Auto Show as Presenting Sponsors.

 2013

Launched relationship with over a dozen local, small businesses to offer CorePlus financing on site, with instant approvals, through the CU Direct Lending platform. These “Preferred Retail Partners” typically offer discounts to CorePlus members, as well as local service and sales.  This program grew in 2014 to include over 35 partners!

Entered the Age of Social Media with our Facebook page.  This presence is an outlet for us to share our community activities, fun pictures, branch and team information, and interact with members in a more informal space.

September – opened a full service mini-branch located within the remodeled Putnam Walmart Supercenter, with a 24/7 ATM on site.

November – opened a full service mini-branch located within the new Brooklyn Walmart Supercenter, with a 24/7 ATM on site.  As a result of having two local full service branches, we dissolved the Putnam Loan Zone office.

 2014

January – Installed a full service, deposit taking ATM at Backus Hospital’s main campus in Norwich.

The Board of Directors accepts the retirement notice of long time President and CEO Warren P. Scholl.  At the May Annual Meeting, it is announced that 5 year CFO Nicholas K. Fortson is appointed to the role of President  & Chief Executive Officer.  Raymond Currier is named as Executive VP & Chief Operations Officer. The Credit Union is at over 22,000 members, 9 locations, all along the important Route 395 corridor.

September – a fully redesigned www.coreplus.org is launched. In partnership with local web designers, the new site is clean, fresh, bright, and informative. The technology is ‘responsive’, meaning, the site will flex and resize to the device you are using; whether it be mobile phone, tablet, laptop, desktop computers.