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Learn About the Furniture Bank of Southeastern Connecticut 

After a long day, most people get to go home to a nice bed and sleep, but that is not the case for everyone. That’s where the Furniture Bank of Southeastern Connecticut steps in. Receiving referrals from state agencies, organizations, churches, and more, the Furniture Bank provides beds and furniture to people in need. We…

Coin Counting for a Cause

Need your coins counted? Want to make a difference in the community? Stop in to any of the Chelsea Groton branches where this service is offered! The 3% fees normally charged for use of the coin counting machines are donated to the following organizations: Customers who currently do not pay a fee for this service…

Why Mutuals Matter

According to a press announcement distributed by the Mutuals Matter Association, the Mutuals Matter campaign “emphasizes the fact that, unlike other financial institutions that prioritize shareholder profits, mutual banks are bound by their charters to focus on the economic well-being of their customers and to invest directly into the communities they serve. As depositor-owned institutions,…

Tax Identity Theft and You

Everyone’s favorite season is almost upon us… tax season! It’s a time to round up your W-2’s, note life changes, and submit important and confidential information for your tax return. And for some upon filing their taxes, they unfortunately discover they are a victim of tax identity theft. What is tax identity theft? Tax identity…

5 Financial Tips for Young People

You may feel like your career is just getting started, but it’s never too early to start planning for retirement. Here are 5 financial tips to help you make the most of your money: If your employer offers a 401(k) plan, sign up now and contribute as much as you can. These contributions are made…

Benefits of Mobile Wallet

Let’s set the scene. You’re currently at a register ready to check out. After repeatedly checking your bag and pockets, you realize you don’t have your wallet. Odds are you’ve encountered this situation numerous times. You mentally beat yourself up and swear next time you will remember it. With Mobile Wallet, those days are in…

Job Scams on Social Media

With money not stretching as far as it once did, it’s no wonder people are looking for quick ways to make extra cash. Remote jobs like appointment setters found on social media are increasingly enticing as transportation costs rise, and promises of high income and earned bonuses are highlighted. These “too-good-to-be-true” jobs are just that,…

Miria Gray, Champion of Financial Education

Community Education Officer Miria Gray has made it her mission to provide financial education to people of all ages in Connecticut. To accomplish this goal, Miria helps students, teachers, community members, and others in various ways. Teacher Grants Chelsea Groton Bank offers $500 Teacher Grants to support educators in bringing personal finance education to their classrooms….

Out with the Abe and In with the New!

Chelsea Groton’s Norwichtown branch first opened its doors in 2002. During the opening celebrations, the parking lot was filled with community members and activities, including bounce houses, face painting, and even an Abraham Lincoln impersonator. Now, almost 23 years later, the Norwichtown branch has been reinvented! The reinvented Norwichtown branch is filled with bright light…

Business Check Fraud and Other Scams

When you think of check fraud, the movie “Catch Me If You Can” may come to mind along with assumptions that this was a crime of the past. Unfortunately, in the last few months alone, some of our customers have experienced the business check fraud scams below. Chelsea Groton offers tools to help customers mitigate…