Beneficial Ownership Notice

On May 5, 2018 the US Department of the Treasury announced a Customer Due Diligence Final Rule and proposed Beneficial Ownership Legislation. Due to these regulatory changes effective May 11, 2018, we will be asking for additional information when commercial accounts are opened or changes are made to existing accounts including Certificate of Deposit Renewals and Loan Renewals held at Litchfield Bancorp. We are now required to gather information in regard to Beneficial Owners of Legal Entity Customers including Name, Address, Social Security Number, Date of Birth and a copy of Identification- such as a driver's license. We are required to gather information as it relates to the following:

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Pre-pay January 2018 Escrowed Real Estate Taxes

If you would like to pay your January 2018 real estate escrow payment in this calendar year please contact a bank representative via email at or call 860-693-6936 to set the process in motion.

We will require a signed document in order to finalize the request. Deadline is December 28, 2017.

Loan Servicing will make every possible effort to pay these bills before year end. Due to the late approval of the state budget, each tax bill will need to be researched and verified as some towns have supplemental bills, mill rate changes, etc. Customers may want to contact their town tax collector before year end to confirm receipt of the tax payment.

Equifax Breach

On September 7, 2017, Equifax, Inc. announced a cybersecurity incident potentially impacting approximately 143 million US Customers. Based on the Equifax, Inc. investigation, the unauthorized access occurred from Mid-May through July of 2017. Collinsville Savings Society strongly encourages our customers to visit to determine if your information has been potentially impacted and to see updates on what steps Equifax is taking to protect anyone affected by this breach. You may also contact Equifax by phone at 1-866-447-7559 (toll-free) everyday, including weekends, from 7:00AM to 1:00 AM Eastern Time. Equifax is offering credit file monitoring and identity theft protection free to US customers for one year. Information on this offering will also be found at

Debit Card Customers

Due to a recent influx of fraudulent debit card transactions, when using your Debit MasterCard outside of Connecticut, Massachusetts, Vermont, New Hampshire and Rhode Island a personal identification number (PIN) must be used. Signature based (credit) transactions will be denied for security purposes.

Fraudulent Email

Collinsville Savings Society has become aware of a new email scam being circulated to both customers and non-customers. It is important to note that fraudsters send these emails to a large list of random email addresses, hoping to reach a few Collinsville Savings Society customers.

The email displays an online form and states the following: "Please confirm that you are the rightful owner of this account. Please fill out and submit the form below. This information is used for verification purposes only. We apologize for any inconvenience."

It is very important to remember that we will never ask for personal information through text messages, email or by phone. We never provide a link to a website through email.

To learn more about preventing eFraud and how to stay safe online, visit