Greylock and Credit Union of the Berkshires Agree to Merger

12:29PM / Monday, May 10, 2021Print Story | Email Story

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.

Tags: Greylock Federal,

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Pittsfield Council Approves 'Green' Items

By Brittany PolitoiBerkshires Staff
03:48PM / Thursday, February 05, 2026

PITTSFIELD, Mass. — The City Council approved a couple of "green" items during its meeting last week.

This includes more than $20,000 from the state for recycling initiatives, as well as cell phone recycling automated machines at Cumberland Farms on First Street and in Market 32 at 555 Hubbard Ave.

Pittsfield received $21,000 from the Massachusetts Department of Environmental Protection’s Sustainable Materials Recovery Program, which reinvests a portion of Waste Energy Certificates into recycling programs. More than $4.2 million was distributed across the state this year.

WECs are tradable, unit-specific certificates (1 per MWh) generated by qualified waste-to-energy facilities.

"It's supposed to be this self-sustaining cycle of you bring money in, you can continue reducing trash, increasing recycling, increasing diversion from the landfill, and at the same time, you bring money in and support that effort," Commissioner of Public Services and Utilities Ricardo Morales explained.

In the last two years, the city has seen a slight increase in funds because of its categorization as an environmental justice community, and Morales would like to increase that number even more. Communities of Pittsfield’s size can see up to $50,000 based on a point system for recycling efforts.

The city received points for bulky items, curbside recycling regulation, diversity, equity, and inclusion, organics, and waste prevention outreach and education. These funds are used to purchase products such as the composting bins that Pittsfield sells to residents for half the price.

Morales reported that the city has been saving funds to start a recycling program staffed by a contractor, but that is not being presented "in any way" at this point.

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