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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…
That’s one smart card! Chelsea Groton offers its customers technological tools for a better banking experience. Smart Card is a great tool to take advantage of! Not only can you manage your debit card, but all debit cards linked to your accounts, on your terms. Here are some benefits and ways you can bank smart…
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…
During the height of the pandemic, mail theft saw an 87% increase between the years of 2019 and 2022. Since then, the number of investigations into serious crimes has doubled, from 609 cases of mail carrier robbery to almost 1,200. The reason? They are on the hunt for your checks, credit cards, and information for identity…
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…
Chelsea Groton is proud to introduce a Retail Branch Management Training Program, a 12-month curated program that includes hands-on training and experience with a defined professional development plan. “We understand everyone learns differently so this program includes both instructor-led and self-paced learning,” explained Rebecca Magner, VP, Learning & Development Manager at Chelsea Groton Bank. “The…
Finding a college, moving into a dorm, making new friends, and diving into student life is enough to worry about. Life as a college student can be an exciting time but money is typically tight, and fraudsters know this! Fast cash promises, financial payment pressures, and jobs scams are just a few of the forms…
Scammers are constantly adapting to new ways to try to separate you from your money. One newer tactic that has been gaining traction in 2024 is pig butchering. Pig butchering is a long-con cryptocurrency scam that uses human emotions to prey upon its victims. From 2023 to 2024, the FBI estimates Americans lost nearly $4…
