Charter Oak FCU Finances Mystic Shipyard Renovation

Published October 01, 2012, 7:04 p.m. EDT

Updated August 26, 2020, 10:39 p.m. EDT

1 Min Read

GROTON, Conn. – Charter Oak FCU, which has been expanding its commercial lending, yesterday announced it has provided a multi-year financing package to the Mystic Shipyard that will allow for improvements and renovations to the shipyard’s 6.5-acre facility.

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Planned improvements include dock repairs and upgrades, as well as the construction of a new maintenance facility.

The $750-million credit union has been expanding its MBL portfolio with deals to finance a local charter school, mobile home parks, marinas and hotels.

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