Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
413-236-4000
150 West Street
Pittsfield, MA 01201

Greylock Federal Credit Union is headquartered in Pittsfield and is the 4th largest credit union in the state of Massachusetts. It is also the 188th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 232 employees and 70,438 members. Greylock Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in the Credit Union is open to anyone who lives, works, worships, attends school, or regularly conducts business in Berkshire County, Massachusetts. Anyone related to a current Member by blood, adoption or marriage is eligible to join Greylock, regardless of where she/he lives. Eligibility also extends to unrelated persons who share a residence with a current Member. Membership requires a minimum balance of $5 in the share savings account. - See Details

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Greylock Federal Credit Union had $15.1 million in non-current loans and owned real-estate with $112.12 million in equity and loan loss allowances on hand to cover it. This gives Greylock Federal Credit Union a Texas Ratio of 13.47% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Greylock Federal Credit Union decreased slightly from 18.97% as of March 31, 2013 to 13.47% as of March 31, 2014, resulting in a positive change of 28.99%.This indicates that the balance sheet and financial strength for Greylock Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Greylock Federal Credit Union has decreased its total deposits by -$35.5 million, resulting in -3.42% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Greylock Federal Credit Union has shown is below average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Greylock Federal Credit Union has $1.11 billion in assets with $112.12 million in equity, resulting in a capitalization level of 10.10%, which is above average.

Institution Statistics

Overall
NCUA #24560
Year Chartered1935
Employees232
Primary Regulator
Assets and Liabilities
Assets$1.11 billion
Loans$810.09 million
Deposits$1.00 billion
Equity Capital$95.85 million
Loan Loss Allowance$16.27 million
Unbacked Noncurrent Loans$13.89 million
Real Estate Owned$1.21 million
Historic Data - March 2013
Assets$1.14 billion
Equity Capital$94.13 million
Loan Loss Allowance$18.59 million
Unbacked Noncurrent Loans$13.89 million
Real Estate Owned$1.58 million
Profit Margin - Quarterly
Net Interest Margin0.8%
Return on Assets0.28%
Return on Equity3.25%
Interest Income$8.81 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Greylock Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Greylock Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$200k-IRA Advantage Share
0.30%$200k-Roth IRA Advantage Share
0.30%$200k-CESA Advantage Share
0.25%$100k-Share Preferred Account
0.25%$100k-Business Share Preferred Account
0.15%$15-Holiday Club Account
0.05%$15-Share Account
0.05%$15-Kids Share Account
0.05%$15-IRA Variable
0.05%$15-Business Share Account
0.05%$15-Roth IRA Variable
0.05%$15-CESA Variable

Greylock Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Online Advantage Money Market Account
0.40%$100k-Business Online Advantage Money Market Account
0.35%$100k-Advantage Money Market Account
0.35%$100k-Business Advantage Money Market Account

Greylock Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--IOLTA Checking
0.30%$100k-High Yield Business Checking
0.05%$15-Basic Business Checking

Greylock Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$1k-4 Year Loyalty Step Up Certificate - 4th Year
1.20%$1k-4 Year Loyalty Step Up Certificate - 3rd Year
1.10%$1k-4 Year Loyalty Step Up Certificate - 2nd Year
1.00%$1k-4 Year Loyalty Step Up Certificate - 1st Year
0.85%$1k-3 Year CD
0.85%$1k-3 Year Business CD
0.85%$100k-3 Year Jumbo Business CD
0.85%$100k-3 Year Jumbo CD
0.60%$1k-14 Month Loyalty CD
0.50%$1k-2 Year CD
0.50%$1k-2 Year Business CD
0.50%$100k-2 Year Jumbo Business CD
0.50%$100k-2 Year Jumbo CD
0.40%$1k-18 Month CD
0.40%$1k-18 Month Business CD
0.40%$100k-18 Month Jumbo Business CD
0.40%$100-1 Year College Savings Term Share Certificate
0.40%$100-1 Year Youth Club Term Share Certificate
0.40%$100k-18 Month Jumbo CD
0.30%$1k-1 Year CD
0.30%$1k-1 Year Business CD
0.30%$100k-1 Year Jumbo Business CD
0.30%$100k-1 Year Jumbo CD
0.20%$1k-6 Month CD
0.20%$1k-9 Month CD
0.20%$1k-6 Month Business CD
0.20%$1k-9 Month Business CD
0.20%$100k-6 Month Jumbo Business CD
0.20%$100k-9 Month Jumbo Business CD
0.20%$100k-6 Month Jumbo CD
0.20%$100k-9 Month Jumbo CD

Greylock Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$1k-4 Year Loyalty Step Up IRA Certificate - 4th Year
1.20%$1k-4 Year Loyalty Step Up IRA Certificate - 3rd Year
1.10%$1k-4 Year Loyalty Step Up IRA Certificate - 2nd Year
1.00%$1k-4 Year Loyalty Step Up IRA Certificate - 1st Year
0.85%$1k-3 Year IRA
0.85%$100k-3 Year Jumbo IRA
0.50%$100k-2 Year Jumbo IRA
0.40%$1k-18 Month IRA
0.40%$100k-18 Month Jumbo IRA
0.30%$1k-1 Year IRA
0.30%$100k-1 Year Jumbo IRA
0.20%$1k-6 Month IRA
0.20%$1k-9 Month IRA
0.20%$100k-6 Month Jumbo IRA
Locations

Greylock Federal Credit Union has 12 locations. Click to view all Greylock Federal Credit Union locations.