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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…
Taxes. Love them or hate them you’ve got to file them. Make this tax season a little less stressful by keeping your personal information safe from bad actors by following the tips below. If, when you try to file, you are told a tax return has already been filed or income is seen from a different…
If your employer offers a 401(k) plan, sign up now and contribute as much as you can. These contributions are made pre-tax, meaning they lower your taxable income for the year. If your company offers a match, be sure to at least save as much as you can to meet the full match, too. That’s…
Over the past few months, we’ve heard many people have been receiving an increased amount of unwanted solicitations or “trigger lead” calls and mail from mortgage lenders, credit card companies, and other credit grantors. If you recently had your credit pulled when applying for a personal loan or mortgage, it’s likely the credit bureaus have…
Hispanic Heritage Month, originally established in 1968, began as a commemorative week introduced by California Congressman George E. Brown, who represented East Los Angeles and San Gabriel Valley, to recognize the contributions of the Hispanic community throughout American history. The “Central American neighbors” as President Lyndon B. Johnson dubbed the countries of Costa Rica, El…
According to a recent study by LIMRA and Life Happens, in January 2024, 51% of consumers reported owning life insurance, down significantly from 63% in 2011. Among life insurance owners, 22% say they do not have enough coverage. And 42% of American Adults (representing 102million people) say they need, or need more, life insurance.* In the…
Chelsea Groton has a Fall calendar full of educational classes geared towards homebuying, financial wellness, professional development, and much more. Free for anyone to attend in person or virtually, these classes are great for gaining financial knowledge or learning best practices to safeguard your confidential information. Depending on what you’re looking to learn, here are…
Financial literacy and career readiness are more critical than ever! The Future Bankers of America program in Connecticut is an opportunity for high school students to get a jump start on a career in finance. This innovative program, run by the Center for Financial Training (CFT) and the Federal Deposit Insurance Corporation (FDIC) partners with…
During the school year, students are taught about math, literature, science, and history. But what about finances? Don’t fret, Chelsea Groton has teens and young adults covered with our Chelsea U Student Banking Program. “When opening their first Chelsea U Student Banking account, our student customers are finding financial independence,” said Marjarie Perrone, Customer…
