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Greylock Federal Credit Union is Top SBA Lender10:23AM / Monday, November 24, 2008
PITTSFIELD, Mass. – The Small Business Administration (SBA) has recognized Greylock Federal Credit Union’s achievement as the top SBA credit union lender in Berkshire County for the fourth consecutive year. Greylock is also the tenth largest SBA financial lender in the Commonwealth out of 120 financial institutions and the 15th most active SBA lending credit union in the entire country for the fiscal year ending September 30, 2008.
According to the SBA, during the fiscal year, Greylock approved 28 SBA-supported loans, totaling $5,121,500 which ranks the credit union as among the most active lenders both locally and throughout the state. Greylock Senior Vice President of Business Lending, Don Kuczarski attributes this success to Greylock’s partnership with the SBA and the concentration of small business owners within the credit union’s field of membership. Kuczarski said, “Having been granted “Preferred Lender” designation, Greylock can approve qualifying SBA loans without additional government approval. It allows us greater flexibility and quicker turnaround in closing these deals, helping more businesses grow here in the Berkshires.”
Based on Greylock Federal’s track record with the SBA, Greylock has consistently been cited as a top business lender in Western Massachusetts. Greylock President Angelo C. Stracuzzi said, “Small business is the backbone of Berkshire County’s economy. The SBA works hand-in-hand with our lending team at Greylock to support loans that may not otherwise be financed.”
Greylock offers a full array of business products including: business checking and savings accounts, business credit cards, online banking, commercial and health insurance, 401(k) services, payroll services and a full range of commercial loan products to meet any business need.
Greylock Federal Credit Union was recently rated the top credit union in the United States for total value returned to Members/Owners according to Callahan & Associates, a national credit union research and consulting firm. Greylock Membership is open to anyone who lives, works, attends school, worships or regularly conducts business in Berkshire County. Greylock Federal is wholly owned by its more than 65,000 members and Greylock offers full-service branches in Pittsfield, Great Barrington, Lee, Adams, North Adams, and Williamstown. More information is available at www.greylock.org. |
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