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Picture this: You’re sorting through your bills for the month, and you notice a handful of transactions you don’t remember making. You confer with other members of your family and they don’t recognize the set of transactions either. What could have happened? Unfortunately, your identity may have been compromised. What is identity theft? Identity theft…
Most everyone browses online, completes tasks using the internet, or watches videos to learn a new skill or hobby. Life nowadays entails a huge digital focus, which certainly has its advantages, but also has new challenges. In 2022, Avast reported 50% of people use the same password, there was a 61% increase in phishing attacks,…
What does it mean to have good credit? And what do credit scores do for you? Let’s find out! Why do you need a credit score? Lenders use credit scores to determine if you are financially responsible and reliable when it comes to paying off your debts. The better your credit score is the more…
Pop on your most patriotic gear and celebrate 4th of July with Chelsea Groton and the community! Come wave to our mascot, Chelsea A. Corn, and the team during the Groton 4th of July parade. The parade will begin at Poquonnock Plains Park at 10:00 AM and marchers will head down Route 1, finishing at…
What’s been around longer than Nutella, sliced bread, and telephones? Chelsea Groton Bank! July 3, 2024 marks the 170th anniversary of Chelsea Groton Bank. Our commitment to serving the people in our community and driving innovation are still focal points of our mission today, as they have been since day one. Travel back to the…
May is Asian American and Pacific Islander Heritage Month (AAPI), a month-long celebration to honor the contributions that Asian Americans and Pacific Islanders have made to American culture and society. AAPI is an umbrella term that includes cultures from the entire Asian continent including East, Southeast and South Asia, and the Pacific Islands of Melanesia,…
Effective July 1, 2024, Connecticut is taking proactive steps against Elder Financial Abuse. In August 2023, Governor Ned Lamont signed into law Public Act 23-161, an act that encourages financial institutions to be watchful in identifying elder financial abuse cases. It permits banks and credit unions to suspend or hold transactions on an account for…
As Project Management Specialist, Alexis Smith is able to find ways to help her colleagues work smoothly and in a more organized way. It’s just one of the things she loves about working at Chelsea Groton Bank. Find out what else Alexis loves about Chelsea Groton below! 1. What is your current role and department? …
A scam can occur in many different forms. Whether it’s a romance, apartment/vacation rental, utility, family emergency or prize scam, fraudsters are out to get your money, and they act fast. Scammers are inclined to use wire transfers because they are finalized quickly, and it is difficult for the victim to get their money back…
2023 marked the first-time fraud losses amounted to $10 billion nationwide, a 14% increase over 2022. The top avenues of loss were investment scams, imposter scams, cryptocurrency, and bank transfers. It was reported that email was the top method to reach potential victims. In an environment that’s constantly changing, it’s important to employ empathy to…
