Greylock Federal Credit Union is headquartered in Pittsfield and is the 7th largest credit union in the state of Massachusetts. It is also the 261st largest credit union in the nation. It was established in 1935 and as of September of 2020, it had grown to 265 employees and 90,332 members at 12 locations. Greylock Federal Credit Union has an A health rating.
Greylock Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in Berkshire County (MA), Columbia County (NY), or Bennington County (VT). Membership is also open to the following: 1) Immediate family or household members of membership-eligible individuals; 2) through a membership/affiliation with the Berkshire Museum, the Berkshire Humane Society, or the Berkshire Conservation District. Some restrictions apply.
See current membership details
This credit union has accommodated all of my needs, from online banking to digital check transfer to free checking to no currency exchange fees while I study abroad. My only complaint is that they sometimes take a wire transfer fee if I wire a large sum of money to my account through my employer. Otherwise, I have experienced no fees, and while their savings dividends ratio is low as it is everywhere else, I am never charged fees and can rely on their online banking system while I am away from the country. Even better, their debit cards have been accepted everywhere in the US and out, and they have recently integrated chips into their cards for extra security! While it's hard to find branches anywhere outside of Western MA, they are very well run.
|Return on Assets - YTD||0.51%|
|Return on Equity - YTD||5.1%|
|Annual Interest Income||$34.0MM|
|Assets and Liabilities|
|Assets||Q3 2020vs Q3 2019||$1.43B$1.24B|
|Loans||Q3 2020vs Q3 2019||$1.11B$1.06B|
|Deposits||Q3 2020vs Q3 2019||$1.21B$1.07B|
|Equity Capital||Q3 2020vs Q3 2019||$142.6MM$131.9MM|
|Loan Loss Allowance||Q3 2020vs Q3 2019||$9.0MM$7.8MM|
|Unbacked Noncurrent Loans||Q3 2020vs Q3 2019||$8.8MM$10.9MM|
|Real Estate Owned||Q3 2020vs Q3 2019||$0$303.00K|
Rates for Greylock Federal Credit Union are currently being reviewed.