A Nominating Committee has been appointed by Board Chair Jean Swift to provide nominations for the annual election of the Board of Directors. The committee consists of Directors David Moorehead, Jesse Luis and Louis Fusaro, Sr.

In accordance with the bylaw provisions for the election of director’s additional nominees for a director position may be submitted by petition when signed by one percent (1%) of CorePlus members (245 signatures based on a CorePlus membership of 24,461 as of the last day of December 2023). Such petitions must be accompanied by a signed certificate (letter) from the nominee(s) stating that they are agreeable to nomination and will serve if elected to office.

Completed petitions must be sent to: Mr. David Moorehead, CorePlus Federal Credit Union, 202 Salem Turnpike, Norwich, CT 06360, and must be received by the director no later than March 30, 2024.

CorePlus Credit Union (CPCU) is proud to announce the launch of a newly designed, modern, and responsive website focusing on an enhanced user experience. This exciting evolution reflects CPCU’s commitment to providing our members with the most user-friendly and convenient online banking experience possible while advancing our mutual goal to become the premier digital credit union in eastern Connecticut.

“At CorePlus, we are constantly striving to improve how we serve our members. This new website represents a significant step forward in fulfilling that commitment. We listened to our members’ needs and built a website that is intuitive, responsive, and tailored to create a superior digital banking experience.”

– CPCU President and CEO, Ray Currier. 

The new CPCU website features a clean and modern design, making it easy for members to navigate and find the information they need quickly and easily. The website has been optimized for all devices, ensuring a seamless experience — from desktop computers and tablets to smartphones.

The design of the new website recognizes the growing trend of mobile banking and the understanding that more and more of our members are accessing their finances on their tablets and smartphones. That’s why CPCU made sure this new website is perfectly responsive and easy to use on any mobile device.

Beyond an enhanced mobile experience, the new website better tells the CPCU story — detailing who we are, where we came from, what we stand for, and how CPCU strives to make a difference in the lives of our members and the communities we serve.

Experience the future of digital banking with CorePlus Credit Union. Visit www.coreplus.org and discover a banking experience that is truly seamless, convenient, and member-focused.

NORWICH, CT — The employees and members of CorePlus Credit Union have brightened the holidays of more than 70 children in eastern Connecticut by participants purchasing new toys and clothing through The Salvation Army’s Angel Tree Tag program.

This is the third consecutive year that CorePlus has participated in the program. The credit union set a goal of fulfilling the requested donations on 75 tags, an increase from the 55 children supported in 2022.

“We’ve been overjoyed to see the community’s response every time we put up our Angel Tree, and this has been our best year yet,” said Meg Martellotta, Vice President of Operations at CorePlus Credit Union. “We are extremely grateful for the outpouring of support from CorePlus Credit Union’s members and employees, who have contributed in creating an enjoyable Christmas morning for our Norwich neighbors.”

Businesses, schools, and other organizations participate in the Angel Tree Tag program by setting up a tree and requesting as many tags as they think they can support. The tags — featuring the first name, age, and gender of a child, as well as requested gifts — are used to decorate the tree.

Participants remove a tag to purchase the requested gifts, which are returned to the participating organization with the tag attached. The Salvation Army then picks up all donations to distribute to families in the community.

In addition to helping individuals in need have a more enjoyable holiday, the Angel Tree Tag program helps defray the cost of purchasing Christmas gifts that would normally be part of The Salvation Army’s holiday expenses. This frees up more funding for The Salvation Army to support other emergency needs such as providing food, clothing, shelter, and assistance with rent or fuel.

CorePlus received 50 tags on November 15th, and another 25 on November 21st. The credit union has been encouraging its members to participate in the program through radio, social media, and newsletter messaging.

Debbie White, Social Ministries Director at The Salvation Army Southern New England Division stated, “The Salvation Army Norwich Service Center thanks community partners such as CorePlus Credit Union for their active role in volunteering at the Red Kettle this holiday season and for adopting 75 children for Angel Tree. Thank you, CorePlus Credit Union, for making this holiday season a little brighter for our families in the Norwich community.”

About CorePlus Credit Union

CorePlus 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 founded in 1936. With a strong emphasis on community development and member well-being, CorePlus Credit Union is dedicated to creating financial wellness for all. For more information, visit coreplus.org.

Award presented at the APEX 2023 conference at Mohegan Sun

NORWICH, CT — CorePlus Credit Union is proud to announce its recognition as the second-place recipient of the Credit Union League of Connecticut’s (CULCT) Dora Maxwell Social Responsibility Community Service Award at the APEX 2023 conference, hosted recently at Mohegan Sun. This award acknowledges credit unions for their exceptional commitment to social responsibility and community service.

CorePlus Credit Union was honored for its participation in The Salvation Army’s Angel Tree Tag Program during the 2022 holiday season. This remarkable initiative brought joy and hope to 55 children in Norwich, Connecticut, by providing them with new toys and clothing.

The Angel Tree Tag Program is a heartwarming endeavor that aligns perfectly with CorePlus Credit Union’s deep-rooted commitment to giving back to the community. By participating in this program, CorePlus displayed its dedication to making a meaningful impact on the lives of those in need, embodying the core principles of the credit union movement.

CorePlus Credit Union is profoundly honored to be recognized for its efforts. The Dora Maxwell Social Responsibility Community Service Award serves as a testament to the credit union’s unwavering dedication to community service and social responsibility. The award reinforces the credit union’s commitment to making a positive difference in the lives of its members and the broader community.

“We are thrilled to receive this esteemed recognition,” said Meg Martellotta, Vice President of Operations at CorePlus Credit Union. “This award highlights our mission to promote social responsibility and community involvement. We are committed to continuing our support for initiatives that enrich the lives of the communities we serve.”

CorePlus Credit Union expresses its deepest gratitude to The Salvation Army for providing such a meaningful program, and to CULCT for acknowledging their contributions. The credit union is looking forward to partnering again with the Salvation Army’s Angel Tree Tag Program again this year to make the holidays a little brighter for our community.

For more information about CorePlus Credit Union and its commitment to social responsibility, please visit CorePlus.org.

About CorePlus Credit Union

CorePlus 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 founded in 1936. With a strong emphasis on community development and member well-being, CorePlus Credit Union is dedicated to creating financial wellness for all. For more information, visit coreplus.org.

About the Dora Maxwell Social Responsibility Community Service Award

The Dora Maxwell Social Responsibility Community Service Award is a prestigious recognition presented by credit union organizations to honor credit unions’ exceptional commitment to social responsibility and community service. It is named after Dora Maxwell, a pioneer in the credit union movement who believed in the power of community service and outreach.

Program designed to connect Native American families with home financing opportunities

NORWICH, CONN. – CorePlus Credit Union is excited to announce that it is now offering the HUD 184 Tribal Loan Program to support homeownership within Native American communities. This program, administered by the Department of Housing and Urban Development (HUD), is designed to provide Native American families with access to affordable home financing opportunities.

The HUD 184 Tribal Loan Program was established in 1992 to address the unique housing needs of Native American families. By participating in this program, CorePlus Credit Union is furthering its commitment to providing equitable financial services and empowering Native American individuals and families to achieve their dream of homeownership. 

Key features of the HUD 184 Tribal Loan Program include: 

1. Lower Down Payment: Borrowers can benefit from a reduced down payment requirement – just 2.25 percent of the purchase price on loans over $50,000 and 1.25 percent on loans under $50,000.
2. Competitive Interest Rates: The program offers competitive interest rates to ensure affordability. 
3. Flexible Eligibility: Eligibility criteria are designed to accommodate the specific needs of Native American communities.

“As a community-focused credit union, we are dedicated to supporting the economic well-being of the communities we serve,” said Ray Currier, Executive Vice President and Chief Operating Officer at CorePlus. “Our participation in the HUD 184 Tribal Loan Program aligns with our mission to provide financial solutions that help our members build a better future.”

Loans through the HUD 184 Tribal Loan program can be used to purchase an existing home, construct a new home, rehabilitate an existing home, purchase and rehabilitate an existing home, or refinance an existing mortgage. The loans can only be used for single-family homes and for a primary residence, ensuring that they are used to increase Native American homeownership and not for the purchase of a second home or investment property.

Borrowers must be currently enrolled in a federally recognized tribe, which includes the Mohegan Tribe and Mashantucket Pequot Tribe in Connecticut. The loans must be used in an eligible area, which in Connecticut includes New London County, Fairfield County, and Litchfield County.

For more information about the HUD 184 Tribal Loan Program and how CorePlus Credit Union can assist you in realizing your homeownership goals, please visit our website at coreplus.org or contact our CorePlus Credit Union branch at 860-886-0576.

About CorePlus Credit Union 

CorePlus 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 founded in 1936. With a strong emphasis on community development and member well-being, CorePlus Credit Union is dedicated to creating financial wellness for all. For more information, visit coreplus.org.

Popular social events create an opportunity for scammers who claim to be selling tickets for a discounted price. Scammers will advertise on social media, such as Facebook, and require specific payment methods. Payment platforms such as Zelle are quick and convenient, but are only meant to be used to send money to people you know.

Click Here for Tips to Avoid Scams


Click Here to Learn How to Report a Scam

Call CorePlus Credit Union at 860-886-0576 if you have any questions.

Join us, in-person or virtually, as we host our 2023 Annual Meeting!

Event Details:
Date: Tuesday, May 23, 2023
Time: Meeting begins at 8:00 AM
Location: Norwich Branch Lobby – 202 Salem Tpke., Norwich, CT 06360

We kindly ask that both in-person attendees and those joining virtually RSVP by clicking the registration link below.

Click Here to Register for CPCU’s Annual Meeting


Click Here to View CPCU’s 2022 Annual Report

We are excited to share some great news. Keith Noyes has joined our team as Sales Coordinator, bringing a fresh perspective to CorePlus Wealth Management. In this position he will support Holland, our financial advisor, and looks forward to helping all of you. We wanted to expand our team to provide the best service possible for you, and are thrilled that Keith joined as he will be a great fit for our team. To help you get to know Keith, here’s a quick glimpse into his background. Keith joined CorePlus Credit Union as a Credit Union Professional where he experienced multiple aspects of the banking industry as well as meeting CPCU’s wonderful members. Keith holds a B.B.A. in Finance from Radford University. During his time at Radford University, he became the President of a student-run portfolio where he was instrumental in growing the portfolio to over two million dollars. Keith is a first generation high school and college graduate and his goal is to help others gain financial literacy & independence. Besides his passion for finance, Keith is a skilled gamer who specializes in strategic games. Keith looks forward to meeting with you and helping you reach your financial goals. Keith is excited to join us and committed to providing you with the best possible service. If you’d like to welcome Keith directly, his email is Keith.Noyes@LPL.com. 

All of us at CorePlus Wealth Management look forward to serving you.

Best regards,

Financial Advisor

Click Here to View PDF

Dear Members,

Over the last five days the media has reported that two large U.S. Banks have been seized by regulators.  Silicon Valley Bank (SVB) and Signature Bank are both ranked among the top 30 banks in the U.S. by asset size.  We recognize that headlines concerning these bank failures are troublesome and that you may have questions regarding the safety of your deposits at CorePlus Federal Credit Union. 

SVB and Signature Bank were niche banks that dealt almost exclusively with large business depositors that kept large balances well above FDIC insurance limits.  SVB had 3% of its deposits covered by the FDIC while Signature had 6% covered.  CorePlus is very different than these banks; 96% of our deposits are insured by the NCUA.   CorePlus is financially strong.  We are considered well capitalized by the NCUA and manage our balance sheet to ensure sufficient liquidity.  In addition, CorePlus posts strong earnings quarter after quarter and maintains a healthy loan portfolio with low delinquency.

Understanding share insurance is important.  Deposits are insured up to $250,000 per depositor by the NCUA.  Members with more than $250,000 on deposit can be covered for much larger amounts of insurance if their accounts are titled properly.  If you would like to discuss how to qualify for greater insurance limits, please call us at 860-886-0576 or stop by any branch office.  You can also log into www.mycreditunion.gov and use the share insurance estimator to determine your insured level based on your balance and account structures.

If you would like to discuss your concerns with a member of our management team, please call us at 860-886-0576 and we will direct you to the proper person.

Sincerely,
Raymond J. Currier
Raymond J. Currier, EVP/COO

When you choose to bank with CorePlus, your deposits are safe. The National Credit Union Share Insurance Fund insures member funds up to $250,000 per individual depositor in federally insured credit unions, like CorePlus Credit Union.

To learn more about how your funds are protected, view the video below:

“Federally insured credit unions offer a safe place for you to save your money, with deposits insured up to $250,000 per individual depositor. The National Credit Union Share Insurance Fund Insures member savings in federally insured credit unions, which account for about 98 percent of all credit unions in the United States. Deposits at all federal credit unions and the vast majority of state-chartered credit unions are covered by National Credit Union Share Insurance Fund protection, and not one penny of insured savings has ever been lost by a member of a federally insured credit union.”

[NCUAchannel]. (2015, November 30). NCUA Consumer Report: Share Insurance Account Ownership Types [Video]. Https://www.Youtube.com/@NCUAchannel. https://youtu.be/rfu5_xIVOlY

How Your Accounts are Federally Insured