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Whether you’re a first-time homebuyer or looking to refinance, understanding Private Mortgage Insurance (PMI) is crucial for making informed decisions about your mortgage. Let’s demystify PMI and review frequently asked questions explaining what it is, why it’s necessary, and how it impacts your monthly payments. 1. What is Private Mortgage Insurance (PMI)? PMI is insurance…
Chelsea Groton Bank recently partnered with Norwich Free Academy (NFA) to offer a unique, one-week micro-internship for six students in NFA’s Business Banking Pathway program. This initiative aimed to open students’ eyes to career opportunities they might not have considered as they prepare to enter college. The Business Banking Pathway program at NFA is designed…
Not only can you call, email, chat online, or video call with the Chelsea Groton Customer Care team, but now you can text with the team too! Whether you’re on the go or don’t have time for a phone call, but a banking question comes up, the Customer Care team will be ready to assist….
Get ready for an epic summer with Chelsea Groton Bank! Kids are invited to dive into our STEAM classes, where learning meets excitement, and join our remote kids’ book club for some literary adventures! Plus, celebrate our 171st birthday by helping us give back to the community with a special donation. And don’t forget to…
Miria Gray, Assistant Vice President and Community Education Officer of Chelsea Groton Bank, is responding to hot topic questions in this installment of Ask an Expert! What is Financial Wellness? “Just like you address and monitor your body’s wellness, you can do so also with your financial health. Financial wellness refers to the overall health…
May is Military Appreciation Month, a time to recognize and honor the dedication, sacrifice, and resilience of our nation’s service members, veterans, and their families. At Chelsea Groton, we are proud to stand with the military community—not just in gratitude, but in action. This month, we’re spotlighting valuable tools and resources available through our Online Learning…
May is dedicated to celebrating the rich and diverse cultures of Asian Americans, Native Hawaiians, and Pacific Islanders (AANHPIs). This month-long observance, known as AANHPI Heritage Month, is a time to honor the contributions and achievements of the people who make up these communities in the United States. According to the U.S. Census Bureau, there…
When a child’s identity is stolen, the information can be used for various fraudulent activities. Thieves might apply for government benefits like health care coverage or nutrition assistance using the child’s information. They could also open bank accounts or credit card accounts, apply for loans, sign up for utility services such as water or electricity,…
Marielle Winkelman, VP, Regional Sales and Service Manager, is responding to hot topic questions in this installment of Ask An Expert! What is a voided check? “When a check has the word VOID written on the front, it cannot be used in any transaction moving forward. It cannot be filled in, cashed or deposited. A…
After long talks and extensive thought, you have decided you are ready to start a family of your own. There’s a lot to account for when welcoming a child into the world, not the least of which is the expense of it all. Having a baby is expensive, really expensive. In 2022, Brookings Institute shared…
