WATERFORD, Conn.–Charter Oak Federal Credit Union has named a new president and CEO to succeed the retiring Brian Orenstein, who is stepping down after 21 years.
The $1.63-billion Charter Oak has selected Craig Knell to lead the organization.
“With over a decade of distinguished experience in banking, financial management, and regulatory oversight, Craig Knell brings a powerful combination of strategic vision, operational insight, and a people-centric leadership philosophy to the role,” the 88,000-member COFCU said in a statement.
A U.S. Navy veteran, Knell previously served as COO/CFO at Nutmeg State FCU in Rocky Hill, Conn., where he played a “pivotal role in driving membership growth, improving financial performance, and spearheading technology and efficiency initiatives across the organization.”
Prior to that Knell was with the FDIC, where he led comprehensive risk and governance reviews for financial institutions with assets ranging from $300 million to over $20 billion, Charter Oak stated.
‘Deep Understanding’
“I am honored and humbled to lead Charter Oak Federal Credit Union during this exciting time,” said Knell in a statement. “Our mission to serve our members, our employees and communities with excellence and integrity will remain at the heart of everything we do.”
Also on the Resume
Knell holds a Bachelor of Arts in economics with a minor in mathematics from Central Connecticut State University and is pursuing his Certified Chief Executive (CCE) designation through the CUES CEO Institute, with an expected completion date in 2026. He has received multiple awards for his leadership and community engagement, including the FDIC Mission Achievement Award (2020) and recognition in the Hartford Business Journal’s 40 Under Forty (2023).
Beyond his professional accomplishments, Knell serves as Board Treasurer for Ben Bronz Academy, president of the Arbor Meadows Association, and is a member of the American Legion in Cromwell, Connecticut.
