The $1.2 billion Greylock Federal Credit Union of Pittsfield, Mass. is merging tiny Steinerfilm Employees FCU of Williamstown effective July 29.
Greylock said the merger deal for the $290,000 CU has been approved by members and the NCUA.
Steinerfilm maintained one office and its manager, Rosemarie Blair, noted the CU had served the area for 31 years but "in the current financial environment, it's been challenging to achieve growth."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.