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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Mass Voters Retain Recreational Cannabis, Tighten Gun Laws in Midterms

Staff ReportsiBerkshires

PITTSFIELD, Mass.— Massachusetts resoundingly voted to keep recreational cannabis and tighten gun laws during the midterm election on Tuesday. 

The Democratic Berkshire delegation was re-elected without contest, and unofficial results show Democratic incumbent Maura Healey taking more than 62 percent of the vote for Massachusetts governor over Republican challenger Michael Minogue. 
 
This coincides with the blue tsunami seen nationally during the midterms, with Democrats flipping seats across the United States and taking control of the House and Senate. 

Pittsfield has roughly 10 cannabis dispensaries, alongside several other retail operations and cultivation facilities in Berkshire County. At least three-quarters of the state voted against repealing the legalization that was passed 10 years ago. 

According to unofficial results, 46.89 percent of registered Pittsfield voters went to the polls. Pittsfield's 33,934 registered voters cast 15,913 votes, according to these results. 

As of Wednesday morning, with more than 85 percent of ballots counted, almost 76 percent of voters opposed Question 8, that would repeal the laws that legalize, regulate, and tax the retail sale of adult recreational use marijuana in Massachusetts. It was proposed by an initiative petition. 

Similarly, as of 10 a.m., 67 percent of Massachusetts voters have said "yes" on Question 9, which sustains several changes to Massachusetts laws governing firearms: adding school administrators and licensed healthcare providers as parties permitted to ask a court to issue an Extreme Risk Protection Order if an individual is a present danger to self or others, imposing penalties for possessing, creating, and transferring untraceable "ghost gun" firearms, and more. 

"At a time when the federal government is focused on the priorities of the gun lobby and rolling back national protections, the people of Massachusetts have reaffirmed our commitment to keeping our residents safe through proven, common-sense regulations," American Federation of Teachers Massachusetts President Jessica Tang said in a statement released late on Tuesday evening. 

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