Greylock appoints Anthony Rinaldi as Director Emeritus

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PITTSFIELD, Mass. — Greylock Federal Credit Union's Board of Directors voted unanimously to appoint Anthony Rinaldi as Director Emeritus in recognition of his longstanding and distinguished service to the credit union.
 
In March 2024, the Board of Directors voted to confer the Director Emeritus designation on Rinaldi. Individuals who are appointed Directors Emeriti function as an advisory committee to the board of directors. Rinaldi's designation reflects a two-year term.
 
"I'm honored to have served with Tony and am gratified to recognize his years of dedication and commitment to the members of Greylock," said Board Chair Peter Lopez. "We look forward to his continued involvement with the board as an esteemed advisor and Director Emeritus."
 
Rinaldi joined the board in 1994 and served as Chairman for five years. He most recently served as chair on the Asset-Liability Committee, or ALCO, and the Compensation committee.
 
"I've known Tony for many years and it's been an honor to serve with him on our board," said Board Member Sheila A. LaBarbera. "Our board has truly benefitted from Tony's tireless service, expertise, and generosity through the years and we are thrilled to honor him in this way."
 
Rinaldi recently retired from his role as the Executive Vice President of Fairview Hospital for Berkshire Health Systems. He is a graduate of Boston College School of Management with a bachelor's degree in accounting. He lives in Pittsfield with his wife, Wendy.

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Utilities Back Off Plans to Charge Interest on Deferred Payments

BOSTON — Major utilities have agreed to waive interest charges on Gov. Maura Healey's call for a reduction of gas and electric bills.
 
Healey plans to use $180 million to cut electricity bills by 25 percent and gas bills by 10 percent for residential customers in February and March. The governor pledged the reduction in her State of the Commonwealth speech last month as a way to provide relief to consumers during this frigid winter.
 
The funds will cover only 15 percent of the electricity bills, with utilities voluntarily deferring another 10 percent, which they can recover starting in April. But then they planned to charge customers interest on the deferred payments of up to 6.75 percent. 
 
This move to dun customers with interest and carrying charges apparently came as a surprise to the governor, who demanded they remove the costs. 
 
National Grid, Eversource, Berkshire Gas and Unitil have all agreed to waive all interest charges, the governor said Wednesday.
 
Liberty Gas will not defer any costs. 
 
"Bills are too high and customers can't wait for relief. That's why I acted to get $180 million off winter electric bills and called on the utilities to help provide immediate relief — including waiving interest charges," said Healey in a statement.
 
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