Greylock Federal Welcomes Senior Vice President, Chief Financial Officer

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PITTSFIELD, Mass. — Following an extensive search, Greylock Federal Credit Union has announced the hiring of Michael A. King, CPA, as Senior Vice President, Chief Financial Officer. 
 
King brings extensive banking and finance experience in budgeting, forecasting, financial reporting and analysis, capital and liquidity management, plus team development and management.
 
"We are excited to have a person with Mike's skills and background join the Greylock family," said President and CEO John L. Bissell. "His experience and depth of knowledge make him a welcome addition to our leadership team."
 
As a member of the senior management team, King is responsible for assisting the overall financial management of the credit union, ensuring financial stability and sound financial strategy balanced with the best interests of the membership. His input will be key to the strategic direction and vision of the CEO and Executive Vice President. Additionally, King will participate in the formulation and implementation of Credit Union policies and objectives, as well as long-range planning and forecasting.
 
"I'm thrilled to be joining this amazing team," King said. "Greylock does so many great things for our Members and our community, and I'm excited to be a part of that."
 
King has 15 years of financial services experience. Most recently, he served as Senior Vice President/Head of Financial Planning and Analysis (FP&A) with Berkshire Bank, where he focused on budgeting, forecasting, financial reporting and analytics for the $12 billion commercial bank. King holds a Master of Business Administration degree from the Ross School of Business, University of Michigan.
 
 King lives in Pittsfield with his fiancée Cheryl and their dog Beau.

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Berkshire United Way to Massachusetts: Early-Learning Educators Need Better Wages

By Katherine von Haefen Guest Column
As reported in iBerkshires, state education officials met with Western Massachusetts childcare and early education advocates at Berkshire Community College recently. I had the opportunity to share the following testimony on behalf of Berkshire United Way and our community partners. 
 
Early childhood education provides tremendous benefits to our region. High-quality child care dramatically influences brain development and the future health and success for children in school and life, as well as provides a safe and secure space for our youngest community members so their parents or caregivers can work and provide for their families. 
 
Berkshire United Way has invested in improving early childhood development opportunities in the Berkshires for decades. We fund high-quality nonprofit child-care centers that provide slots for income-constrained families. We also support the sector by co-hosting monthly child-care director meetings to work on shared challenges and collectively propose solutions. We advocate for early childhood education and have a great partner in this work, state Rep. Tricia Farley-Bouvier. 
 
Staffing is a key component of high-quality care. The research shows that skilled and consistent educators in a classroom create long-lasting change for children. However, wages are stagnant and frequently do not provide educators with basic financial stability. We often hear that educators have left the field because they are unable to make their finances work. Wages need to improve to better reflect the expertise and indelible impact teachers have in the field. 
 
When we look specifically at our region, our data is concerning. 
 
As Berkshire County emerges from the pandemic, we are struggling with transportation, affordable housing and lack of mental health resources, much like the rest of the state. We are also seeing a rise in economically challenged households. 
 
After nearly 10 years of decline, Berkshire County has experienced a significant jump in income inequality, now exceeding the state and national trends and far above comparable counties, according to the Berkshire Regional Planning Commission. Over half of our population are "economically challenged," meaning they are working but struggling to make ends meet. A single parent with a school-aged child needs between $70,000 and $80,000 in income and public benefits just to meet their basic needs. 
 
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