Press Releases

Greylock Federal Credit Union awarded two rounds of scholarships to college-bound high school seniors. Eighteen awards of $500 each were granted in Berkshire County and one in Columbia County, New York under the Credit Union’s annual “Community Enrichment” scholarship program. Five “Scholastic Achievement Awards” of $1,000 each were also awarded. These awards are available as a part of Greylock’s employee benefit package. In total, 24 students were awarded $14,500 toward continuing education.

Greylock Federal Credit Union is pleased to announce the promotion of Sarah Gaffey to assistant vice president, mortgage and business development. Gaffey joined Greylock in 2018 and has worked in banking for 22 years.

Greylock Federal Credit Union is pleased to announce the promotion of Erin Carlotto to assistant vice president, mortgage origination officer. She joined Greylock in 2014 and has been in the mortgage industry for ten years. 

During a live web-stream last week, the White House announced grants totaling $1.25 billion through the US Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund and its Rapid Response Program (RRP). Locally, Greylock Federal Credit Union was awarded the maximum level of $1,826,265 in federal funds in this first round of a three-tier program designed to support economic recovery by increasing access to capital in this region.

Greylock Federal Credit Union has donated $5,000 to the Berkshire Community Diaper Project (BCDP) to help them supply an anticipated need of 275,000 diapers in 2021. Diapers are distributed free of charge to families in need, local shelters, childcare centers, food banks and through BCDP’s large network of local non-profit partners.

Greylock Federal Credit Union and Greylock Insurance Agency have established $16.50 per hour as their corporate minimum wage. Additionally, they have adjusted the salaries of all employees making less than $20.00 per hour.

Greylock Insurance Agency (GIA) has promoted six employees within the agency: Lori Goodell, Jay Marion, Julie Dieterich, Mary Benjamin, Nicole Sage and Hailey Lareau. Michael Stoddard, Greylock Federal Credit Union’s Executive Vice President and Chief Financial Officer announced the promotions Friday morning. Stoddard serves as the President of Greylock Financial and Insurance Services, LLC (which is a credit union service organization under Greylock Federal Credit Union) that operates Greylock Insurance Agency.  

Greylock Federal Credit Union and Credit Union of the Berkshires (CUB), both of Pittsfield, Massachusetts, have reached a definitive merger agreement subject to the approval of the CUB membership and regulatory agencies.

Greylock has published its first ever Community Impact Report in conjunction with its 2020 Annual Report.

Greylock Insurance Agency is proud to announce that Andrew Alcaro, a commercial lines producer, has earned his designation as a Certified Professional Insurance Agent (CPIA) from the American Insurance Marketing and Sales (AIMS) Society.