Press Releases

Greylock Federal Credit Union has appointed Michael Barbieri to the role of Vice President and Manager, Business Banking. He will provide leadership and coaching for a team of three lenders and direct the strategic vision and business development efforts of Greylock’s Business Banking department.

Credit Union of the Berkshires (CUB) Members gathered Thursday evening at a special meeting and voted to approve the proposed merger with Greylock Federal Credit Union (Greylock). The merger will become effective on October 1st and all CUB Members will be moved over to Greylock’s banking systems by the end of October.

As children return to school, Greylock Federal Credit Union would like to remind all families and teachers that Greylock provides free access to Banzai, an online financial literacy program. This cutting-edge program integrates interactive classroom materials with professional presentations to develop personal finance skills.

Greylock Federal Credit Union is pleased to announce that the Credit Union’s Board of Directors has appointed Catheryn Chacon Ortega to Greylock’s volunteer Supervisory Committee.

Greylock Federal Credit Union’s Board of Directors voted unanimously to appoint Angelo Borsello, Jr. as Director Emeritus in recognition of his long and distinguished service to the Credit Union. Director Emeritus designation recognizes Board members who have been invited to stay on the board in a nonvoting advisory capacity.

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.