Dec, 31, 2023 — GREYLOCK FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSFIELD, MA with 14 branch locations and about $1.61 billion in total assets. Opened 89 years ago in 1935, GREYLOCK FEDERAL CREDIT UNION has about 101,343 members and employs 341 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREYLOCK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 150 West St PITTSFIELD, MA 01201 |
| Phone: | (413) 236-4000 |
| Fax: | (413) 443-0292 |
| Website: | https://www.greylock.org |
| Branches: | 14 branch locations |
| Members: | 101,343 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24560 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,605,063,297 |
| CEO/Manager: | John L Bissell |
| Chairperson: | Pete Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,748,797 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 752,800 |
| Real Estate Loans | 907,438,241 |
| Unsecured Loans | 26,197,682 |
| Other Loans | 357,281,850 |
| TOTAL LOANS | 1,290,917,773 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,837,453 |
| Land And Building | 12,351,793 |
| Other Fixed Assets | 11,919,083 |
| NCUSIF Deposit | 12,664,877 |
| All Other Assets | 274,500 |
| TOTAL ASSETS | 1,605,063,297 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 54,000,000 |
| Accounts Payable & Other Liabilities | 19,309,267 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 23,000,000 |
| Share Drafts | 314,333,454 |
| Regular shares | 448,160,631 |
| All Other Shares & Deposits | 606,147,355 |
| TOTAL SHARES & DEPOSITS | 1,368,641,440 |
| TOTAL LIABILITIES | 1,465,028,402 |
| Regular Reserve | 0 |
| Other Reserves | -22,589,374 |
| Undivided Earnings | 162,624,269 |
| TOTAL EQUITY | 140,034,895 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,605,063,297 |
| INCOME & EXPENSE | |
| Loan Income | 56,943,737 |
| Investment Income | 5,621,053 |
| Other Income | 3,807,346 |
| Total Employee Compensation & Benefits | 35,830,650 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,543,099 |
| Non-operating Income & (Expense) | -147,089 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 869,460 |
| Cost of Funds | 15,243,453 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,945,153 |
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