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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,…
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…
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…
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…
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,…
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….
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…
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…
Now that the hustle and bustle of the holidays is over and everyone can breathe a sigh of relief, let’s get the most out of 2025! As you set goals for the year, consider including financial goals. Financial goals will vary based on a person’s age, lifestyle, and financial situation, but could include anything from…
Your phone rings with Taylor Swift saying you can receive exclusive tickets to a private concert for a fee. Gordon Ramsey reaches out saying you won a prize of a deluxe cookware set; you only have to pay the shipping cost. Or Dolly Parton asks you to donate to her charity with cryptocurrency. What do…
