Chelsea Groton Bank vs Waterbury Connecticut Teachers
Comparing a Bank in Groton, CT with a Credit Union in Waterbury, CT using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Chelsea Groton Bank ↗ Bank · Groton, CT · Est. 1854 | Waterbury Connecticut Teachers ↗ Credit Union · Waterbury, CT · Est. 1934 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Credit Union |
| Location | Groton, CT | Waterbury, CT |
| Total assets | $1.7B | $360.9M |
| Capital ratio | 15.7% | 16.8% |
| Return on assets | 1.0% | 1.4% |
| Deposits | $1.2B | — |
| Branches | 14 | 22,061 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #3 of 28 | #2 of 64 |
| Established | 1854 | 1934 |
Chelsea Groton Bank
- Assets: $1.7B
- Deposits: $1.2B
- Capital ratio: 15.7%
- Return on assets: 1.0%
- CFPB complaints: 0
- State rank: #3 of 28
Waterbury Connecticut Teachers
- Assets: $360.9M
- Members: 22,061
- Capital ratio: 16.8%
- Return on assets: 1.4%
- CFPB complaints: 0
- State rank: #2 of 64
Are both institutions federally insured?
Yes. Chelsea Groton Bank is FDIC-insured and Waterbury Connecticut Teachers is NCUA-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Chelsea Groton Bank or Waterbury Connecticut Teachers?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Chelsea Groton Bank scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Chelsea Groton Bank safe?
Yes — Chelsea Groton Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Waterbury Connecticut Teachers safe?
Yes — Waterbury Connecticut Teachers is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Chelsea Groton Bank vs Waterbury Connecticut Teachers?
Chelsea Groton Bank has a capital ratio of 15.7%, placing it in the top 6% of $1B–10B peers. Waterbury Connecticut Teachers's ratio is 16.8%, placing it in the top 7% of $100M–1B peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Chelsea Groton Bank have compared to Waterbury Connecticut Teachers?
The CFPB database shows 0 complaints against Chelsea Groton Bank, and 0 complaints against Waterbury Connecticut Teachers. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Chelsea Groton Bank with other Banks in Connecticut
Financial data from FDIC and NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
