Greylock Takes Financial Education into Cyberspace

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PITTSFIELD, Mass. – Greylock Federal has launched a new web site at www.Greylock.org offering improved navigation and online money management tools for people of all ages from students to seniors.

“The new site looks a lot better,” said Jim Wojtaszek, Greylock Vice President Market Development, “but it also has the brains to go along with the pretty face.” Greylock offers a variety of online tools oriented toward Financial Education and Life Planning including four “micro-sites” focused on Consumers, Businesses, Seniors and Young People.  Wojtaszek said, “We know that Berkshire County families want to prepare themselves with the latest financial information so they can make smart choices about auto and mortgage loans, retirement savings, or investing in education.” Wojtaszek added, “In a bad economy people are motivated to save money and make smarter financial decisions. Greylock.org has a wealth of information.”

Greylock President Angelo C. Stracuzzi said that the credit union’s online tools are meant to support the personal service offered by Greylock. “We have the largest branch network in the county, and more loan officers able to approve auto loans and mortgages than anyone else in the Berkshires. Technology is used to enhance that personal relationship -- never to replace it.”

The educational components of the new site include three interactive sections:

1. Life Events – offers tips and guidelines about life’s many financial challenges. From buying a first car to getting married to retirement planning, help is available on a variety of financial matters

2. Plan It (Retirement Ready Toolkit) – designed to help baby boomers plan for - and achieve - financially secure retirement years. Wojtaszek said, “The motivation for this site gives pre-retirees the tools to plan for their later years.” Interactive tools will help users create a personal profile, adjust variables to aid in planning, engage with real-life people facing pre-retirement challenges, track their own retirement savings, print personalized charts, and make retirement planning to-do checklists.

3. FUSION® – is focused on the financial development needs of young credit union members. The youth site is further broken down into three sections focused on Kids and Teens, Young Adults and Parents. Greylock has also provided links to other financial and personal development-oriented sites that may be of benefit to young members and their parents.


Other enhancements include an integrated sign-on feature for home banking users, a CD rate change notification feature, live chat and more intuitive site navigation.

Wojtaszek said, “Prior to the upgrade, we were averaging about 31,000 unique site visitors per month. We’re now averaging over 50,000 unique visitors per month. The site upgrade has been well received.”

Wojtaszek added that further upgrades are planned at Greylock.org. “Greylock will continue to enhance these tools through the future use of innovative video presentations and social networking.”

According to the Pew Research Center’s Internet & American Life Project surveys taken from 2006-2008, over half of the adult internet population is between 18 and 44 years old, but larger percentages of older generations are doing more activities online. Generation X (ages 33-44) internet users have maintained their edge in online banking, as they are significantly more likely than any other generation to do their banking online (67%). The study notes that the biggest increase in users comes from the 73-plus age group, as 45% of them are now online.

Greylock Federal Credit Union was recently rated the top credit union in the United States for total value returned to Members/Owners according to Callahan & Associates, a national credit union research and consulting firm. Greylock Membership is open to anyone who lives, works, attends school, worships or regularly conducts business in Berkshire County. Greylock Federal is wholly owned by its more than 65,000 members and Greylock offers full-service branches in Pittsfield, Great Barrington, Lee, Adams, North Adams, Williamstown, and coming soon to Lanesboro. More information is available online at www.Greylock.org.
Caption: The new face of www.greylock.org

Photo courtesy of Greylock Federal Credit Union

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Lanesborough Town Meeting to Vote Budget, Bylaws & Vehicle Purchases

By Breanna SteeleiBerkshires Staff

LANESBOROUGH, Mass. — Tuesday's annual town meeting includes a $14 million operating budget, new short-term rentals, accessory dwelling units and sign bylaws, and free cash article appropriations.

Voters will gather at Lanesborough Elementary School on June 9 at 6 p.m. to decide on 20 warrant articles.

The fiscal 2027 budget is up a little over 10 percent. Some of the main increases are the Mount Greylock Regional School District and McCann Technical School: the McCann assessment is up more than 30 percent based on factors including enrollment and the school renovation project, and Mount Greylock's is up 11 percent.

Article 11 is for the town to vote to approve from free cash the sum of $16,298.48 for the McCann Technical School roof and window replacement project so as not to impact the budget. Article 3 is  appropriate $7,586,284 for Mount Greylock Regional School assessment.

Another notable increase was in life and health insurance, showing an increase of about 26 percent.

Ambulance Director Jen Weber is planning 24-hour coverage, which means more staff and a hike in her budget. One of the articles asks the town to appropriate $234,100 to operate the Ambulance Enterprise Fund for salaries and expenses.

Many town departments are looking for new vehicles. The Fire Department is looking to replace its outdated 1996 fire engine. There are two articles related to the truck at a total of $813,366. Article 12 would transfer $225,000 from free cash into the Fire Truck Stabilization Fund; Article 13 would transfer $605,000 from the fund and authorize the borrowing of $208,366.08.

The total includes a $100,000 contingency cost to cover any additional costs if a 2026 model-year chassis cannot be secured before new emissions standards go into effect in 2027.

The board at its last meeting moved the $225,000 transfer to come before the borrowing article, changing the stabilization number. If the $225,000 is not voted on, then they will amend the next article's number on the floor, subtracting the $225,000. This shows the borrowing number significantly lower.

Article 17 asks for the transfer of $80,000 from free cash to replace a police cruiser.

Police Chief Rob Derksen's aim is to replace one vehicle every other year, meaning the oldest vehicle gets replaced about every 10 years. 

He stressed that if delayed this year, the town may have to double up in a future year to get back on schedule, and that paying later usually costs more. The article will ask for $80,000 from free cash, the vehicles used to be funded by the BHRD.

Lastly, the Highway Department is looking to replace a 2014 International dump truck that will be a total of $330,000 and will take two to three years to receive.

Money will be used from last year's approval of $250,000 from free cash for the replacement of a 2012 highway front-end loader that was underspent $49,261. Town meeting is being asked to approve  a transfer of $53,274.85 from free cash and the use of $227,464 from funds from the Sale of Town Real Estate to fund the balance.

Other free cash proposals include $1,200 to purchase software to support tracking and ongoing maintenance schedules of town-owned vehicles; $42,000 for the replacement of the Highway Department's storage shed roof, $200,000 to reduce the tax levy.

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