Greylock and Credit Union of the Berkshires Agree to Merger

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PITTSFIELD, Mass. – Greylock Federal Credit Union and Credit Union of the Berkshires (CUB), both of Pittsfield, have reached a definitive merger agreement subject to the approval of the CUB membership and regulatory agencies.
 
"We are pleased that Greylock and Credit Union of the Berkshires have reached this merger agreement," said Greylock President and CEO John L. Bissell. "We know that the credit union difference remains strong in Berkshire County. We look forward to completing the merger and
combining the resources of CUB and Greylock to help the community thrive."
 
With final approval of the merger, Greylock will assume CUB's nearly $23 million in assets.
 
"Credit Union of the Berkshires has taken great pride in serving our community and our membership for over 80 years. We are confident our members will receive the highest quality of service they are accustomed to and deserve at Greylock. Greylock's mission and core values align perfectly with Credit Union of the Berkshires and that's why we have chosen Greylock as our merger partner," said CUB CEO Melissa Morin.
 
CUB has approximately 2,000 members and operates one branch on Williams Street in Pittsfield. 
 
"Upon completion of the merger, CUB members will enjoy full use of Greylock's 12 public branches (one is currently closed due to the pandemic) and 21 local ATM locations. Greylock also offers 60,000 surcharge-free ATMs nationwide, access to over 5,800 shared branch locations nationwide, a 24/7 member contact center, significant online and mobile banking services, and all of the resources of the Community Empowerment Center on Kellogg Street in Pittsfield. CUB members will also enjoy access to business banking services, investment services, and insurance products," added Bissell in a press release.
 
Having negotiated a definitive merger agreement, both credit unions will now seek regulatory approval from the National Credit Union Administration, Massachusetts Division of Banks, and Massachusetts Credit Union Share Insurance Corporation. CUB will also seek approval from their membership. The merger is expected to be completed in late fall of 2021.

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Pittsfield Subcommittee Supports Election Pay, Veterans Parking, Wetland Ordinances

By Brittany PolitoiBerkshires Staff

PITTSFIELD, Mass. — The Ordinances and Rules subcommittee on Monday unanimously supported a pay raise for election workers, free downtown parking for veterans, and safeguards to better protect wetlands.

Workers will have a $5 bump in hourly pay for municipal, state and federal elections, rising from $10 an hour to $15 for inspectors, $11 to $16 for clerks, and $12 to $17 for wardens.

"This has not been increased in well over a decade," City Clerk Michele Benjamin told the subcommittee, saying the rate has been the same throughout the past 14 years she has been in the office.

She originally proposed raises to $13, $14 and $15 per hour, respectively, but after researching other communities, landed on the numbers that she believes the workers "wholeheartedly deserve."

Councilor at Large Kathy Amuso agreed.

"I see over decades some of the same people and obviously they're not doing it for the money," she said. "So I appreciate you looking at this and saying this is important even though I still think it's a low wage but at least it's making some adjustments."

The city has 14 wardens, 14 clerks, and 56 inspectors. This will add about $3,500 to the departmental budget for the local election and about $5,900 for state elections because they start an hour earlier and sometimes take more time because of absentee ballots.

Workers are estimated to work 13 hours for local elections and 14 hours for state and federal elections.

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