LEE, Mass. — Greylock Federal Credit Union is investing $2.2 million to purchase and renovate 43 Park St. to support its growing membership.
The credit union purchased the former Trustco Bank for $950,000 from 45 Park Street LLC, according to registry documents. Trustco first opened the branch on Route 20 in 2007 but had since closed.
Greylock officials say the credit union's Lee membership has nearly doubled over the last decade, necessitating a "more roomy, welcoming and functional space."
"This is an investment in our Lee members. This will be a place for building community and strengthening local opportunities," said Greylock President and CEO John L. Bissell in a statement. "Our model of empowerment, inclusion and equity is changing the face of financial services by providing everyone with access to the financial education and resources they need to thrive."
Greylock said it worked with more home buyers in 2022 than any other bank or credit union in Western Massachusetts, providing 31 percent of the mortgages issued in the region. Similarly, it helped more than a third of all local car buyers who took out a loan to pay for their vehicle.
According to Bissell, this is a direct result of Greylock's commitment to partner with its members and give them the support and tools they need to succeed. Greylock's team of 31 Certified Credit Union Financial Counselors provided more than 1,200 free coaching sessions in 2022.
"Financial empowerment through education is a vital part of what sets Greylock apart," said Bissell.
The soon to be remodeled branch is expected to open in late 2023 and will be fully accessible and include multiple teller stations, ample parking, drive-up and video tellers, private offices as well as a community space to host Greylock's education, coaching, and community activities.
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Berkshire County Getting $4M Toward Housing Improvements
By Brittany PolitoiBerkshires Staff
Housing Secretary Ed Augustus has been a frequent visitor to the Berkshires and says a new rural designation for the Housing Choice Initiative grew out of conversations with small towns.
GREAT BARRINGTON, Mass. — Millions of federal Community Development Block Grant funds are coming to Berkshire County for housing and economic development.
On Thursday, Lt. Gov. Kim Driscoll said announced $33.5 million in federal CDBG funds, of which $5.45 million will be coming to the county.
Great Barrington, in conjunction with Egremont and Stockbridge, has been allocated $1.25 million to rehabilitate approximately 14 housing units.
"We really recognize the importance of having strong local partners who are doing that hard work every day, educating our kids, keeping our neighborhoods safe, investing in the best of what makes our community special, places we make memories, places that drive the economy," said Driscoll at the Housatonic Community Center.
"These dollars in particular can help do all of that, along with helping cure older housing stock and meet the needs of community members who might find a desire to have a new roof or make a housing unit more accessible, but don't always have the resources to do it. These dollars are really special, and we're really grateful."
The federal fiscal 2025 CDBG awards, funded by the U.S. Department of Housing and Urban Development and administered by the state Executive Office of Housing and Livable Communities, help small cities and towns undertake projects that benefit low and moderate-income residents.
The more than $33 million will be dispersed to 52 communities across the commonwealth. Hinsdale and Florida will share a total of $950,000 to rehabilitate 11 housing units; Lenox and Sandisfield will share a total of $1,050,000 to rehabilitate 12 housing units, and New Marlborough, Mount Washington, and Otis will see a total of $1,250,000 to rehabilitate 15 housing units. North Adams is getting $950,000 for the second phase of senior center improvements and road repairs.
The funds can be used for projects involving housing rehabilitation, sidewalk and road improvements, planning studies, public facility upgrades, and social services such as food pantries, youth programming, and homelessness prevention.
Town Manager Liz Hartsgrove said this reflects what is possible when federal, state, and local governments work together, and that the public investment shares significance beyond dollars alone.
"These programs and projects become instruments of stability, equity, and trust. It allows the government to meet real needs, strengthen neighborhoods, and ensure residents can remain safely and securely in their homes. Places where lives are built, memories are formed, and community identity is shaped for generations to come," she said.
"Investments like CDBG reduce uncertainties for families, provide reassurance for seniors, and create pathways for households to remain rooted in the communities they contribute to every day. When individuals and families are supported in this way, they are better positioned to thrive, and when people thrive, communities grow stronger, more resilient, and more connected."
Third-grade students in Brandon Boule's art class at Lee Elementary School showcased a diverse selection of men's apparel at Zabian's Clothing, located at 19 Main St.
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State Secretary of Housing Edward Augustus visited Berkshire County on Tuesday to hear about the region's needs and see opportunities for adding more units. click for more
The Wildcats marched 84 yards in a drive that consumed 11 minutes, 17 seconds of the third quarter for a critical touchdown in a 48-36 win over Boston’s Cathedral High in the quarter-finals of the Division 8 Tournament. click for more
The Norman Rockwell Museum will showcase two new collections on Saturday: one highlighting a local artist and the other exploring publications from the Jazz Age. click for more
The awards were presented to John Toole, Kathleen DeVarennes, Laurie Norton Moffatt, Susie Brown and Joshua Bloom at the chamber's annual meeting held at Greenock Country Club.
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