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The Connecticut legislature has voted to make financial literacy requirements for high school graduates mandatory. This is an important step forward for the state. There are only eight states in the country that have a fully implemented plan to require that every student take a personal finance class before graduation. According to NextGen Personal Finance,…
At Chelsea Groton, we listen to customer feedback and explore ways to make the experience of our business customers great. Effective June 6, 2023, we’ll be bringing added convenience and ease to the Business Visa® Debit Card experience when we raise the daily point of sale limit from $2,500 to $5,000! Here’s how it will…
Finances stress (almost) everyone out. Even your employees! If you’re a business owner trying to think of ways to differentiate your offer from other competitors, and to truly show support to your team, look no further than offering a financial wellness program as part of your employee benefits package. Financial wellness programs can help with…
While May and Older Americans Month are winding down, we still have a few upcoming events geared towards our older community members, including a community event to securely shred confidential documents. June’s class schedule is live, check out what we’re offering next month! Upcoming Events 5/25 – 6/9 Medicare for NewbiesThursday, May 25 from 5:30-6:30…
Chelsea Groton Bank launched its redesigned website earlier this spring, www.chelseagroton.com. The new site was designed with the mobile user in mind and features a streamlined design, improved search functionality, and resources throughout the site to help guide visitors to the account, loan, or service they need to achieve their financial goals. “We recognize that…
Not everyone can say they have worked at one place their whole career, but after 43 years, JoAnn Lynch is saying goodbye to the place she’s worked since high school. While she’s sad to say goodbye, JoAnn’s looking forward to spending time with her grandkids and family in retirement. Learn more about JoAnn and stop…
Just in time for summer, here’s the latest from our credit card partner, Elan, on two new credit cards with travel rewards, now available for Chelsea Groton customers*: Elan launched two new valuable consumer and employee travel credit card products on May 1, 2023 – Travel Rewards+ and Reserve Rewards+. Consumer Travel Rewards+ Credit Card…
Chelsea Groton Bank has been made aware of a text message scam where scammers text individuals, pretending to be the bank where the individual has an account. The scammers even manipulate the Caller ID or email address so it looks to be from the financial institution of the person being contacted. Beware of a text…
Get to know the Center for Housing Equity and Opportunity of Eastern Connecticut (CHEO) and Director Beth Sabilia! Beth and the Center believe that equitable access to housing that is safe, affordable, and connected to resources is a human right and critical infrastructure for a thriving region. Read on to learn more about what Beth…
Over the last few days, you may have seen concerning news related to two large bank failures. As a mutual bank, we want to provide you with a brief update on Chelsea Groton Bank’s business model and how FDIC insurance works. Chelsea Groton Bank’s business model does not include specialized services like cryptocurrency and venture…
