Home About Archives RSS Feed

Greylock, Williams Credit Unions Merge

WILLIAMSTOWN, Mass. — Greylock Federal Credit Union and Williams College Employees Federal Credit Union have merged the two institutions effective April 1.

Both organizations and the National Credit Union Administration have approved the merger.

WCEFCU Board Chairman Peter LePage said the move is a result of the credit union's desire to give their members more benefits.

"In the current financial environment, it's been challenging to achieve the financial position and growth needed to provide the products and services our members want and need," he said in a statement. "The decision to merge is in the best interest of our Members."

The college employee credit union's $1,625,529 in assets will be assumed by Greylock. The credit union has maintained a membership base of 541 people with $1.6 million in loans and $488,000 in deposits. Approximately one-third of these members already belong to Greylock.

The college credit union opened in 1980 and has been managed by two part-time employees. Its members will now have access to all services provided by Greylock, which has more than 70,000 members.


Support Local News

We show up at hurricanes, budget meetings, high school games, accidents, fires and community events. We show up at celebrations and tragedies and everything in between. We show up so our readers can learn about pivotal events that affect their communities and their lives.

How important is local news to you? You can support independent, unbiased journalism and help iBerkshires grow for as a little as the cost of a cup of coffee a week.

News Headlines
MaSCAC Cancels Fall Sports
Ventfort Hall Reopens for Public Tours
Pittsfield to Review Alternate Side Parking Ordinance
Cheshire Hopes to Get Clearer Picture of School Project for Town Meeting
Williamstown Select Board Appoints Members to Diversity Panel
First-Responder Profiles: Paramedic Christine Isca
Pittsfield City Council Recognizes Environmentalist
$2.4M Grant Will Address Water Issues Around Blackinton Mill
New Interim Police Chief Starts In Adams
Clarksburg School Preparing for Reopening Scenarios


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.

advertising (10)
agriculture (1)
arts (7)
automotive (5)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Berkshire Chamber Of Commerce Baldwin Jobs Berkshire Enterprises Breakfast Gas Prices State Great Barrington Flood Store Opening Unemployment Qualprint Berkshire Living Adams Berkshire Creative Currency Crane & Co. North Adams Sales Tax Auction Wmeco Sabic Expansion Williamstown Talkberkshires Excelsior Pittsfield Unemployment Statistics Social Media Statistics Walmart Merger Small Business Bj's
Popular Entries:
Excelsior Brings Greeting Card Co. To North Adams
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Williamstown Chamber Seeks Input on Future Role
Aladco Installs New 'Green' Washing Machine
Storey Publishing to Host Next Creative Challenge
New Dog Training Center Open in North Adams
Carbone Dealership Empties Lot
White Hart Inn For Sale for $5M
Real Estate Panel to Tour S. County, Pittsfield Sites
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move