Greylock Federal Credit Union

Greylock celebrates local student achievements with scholarship awards totaling $21,500🎓 Greylock awarded 25 $500 Greylock Community Enrichment Scholarships to students who exemplify positive community spirit and demonstrate respect and concern for their peers in everything they do. Applicants were required to write an essay, which demonstrated their positive involvement in the community. Community Enrichment Scholarship recipients include: Meghan Schrade, BART Tatum Ciempa, Drury Michelle Wood, Drury David Scholz, Hoosac Valley Abigail Scialabba, Hoosac Valley Kira Johnson, Lee Cooper Maloney, Lee Hannah Alsdorf, Lenox Ian Bridges, Lenox Amy Harrington, McCann Joseph Roy, McCann Rosaline Dohoney, Monument Mountain Bryana Francisco, Monument Mountain Catherine Moriarty, Mount Greylock Jamie Sweren, Mount Greylock Janessa Jamross, Pittsfield Abigail Malumphy, Pittsfield Guage Statley, Taconic Nevaeh Williams, Taconic Alexandra Bills, Wahconah Aidan Garcia, Wahconah Gavin Barnes, Trade School Dylan Stetz, Trade School Fathima Chowdhury, Hudson Carien Zietsman, Ichabod Crane This year’s Scholastic Achievement Award recipients include: Grace Ungewitter, Pittsfield Shaun Astorino, McCann Cassidy Whitley, BART Anna Potochevska, Taconic Jack Martin, Hoosac Valley Ava Telladira, Pittsfield Gianna Fosty, BART Courtney Kanelos, McCann Arianna Barbieri, Pittsfield Read full article: https://lnkd.in/euWvYRPt

#FinancialTipTuesday 🤰 As a mother of three, Stephanie Martin learned the importance of getting off to a good start as her family was growing. Now, as a Financial Wellness Coach with Greylock Federal Credit Union, she enjoys sharing what she has learned with other young families. Here’s what you should know now to build a financial plan for your future family: https://lnkd.in/ejQG8FgJ

Please join us in congratulating Chris Barry as he has earned the Credit Union Business Lending Professional (CUBLP) Designation through America’s Credit Unions! 👏 Chris attended three years of the CUNA Business Lending Certification School that consists of a week-long intensive class each of the three years. Congratulations, Chris!

Upcoming Holiday Closures‼️

#FinancialTipTuesday Learn how to get your credit score moving in the right direction 📈 ↗️Pay down debt. Your debt impacts 30 percent of your score. Ideally, try to keep your credit card balances at, or less than 30 percent, of your credit limit. For example, if you have a $1,000 credit limit on your credit card, try to keep balances below $300 (or 30 percent). This is often referred to as your credit utilization. Building history takes time (credit history). The length of your credit card history affects 15 percent of your credit score. This can be challenging if you are just starting to build a credit score. Be patient, as it can take a couple years to build a solid credit history. Becoming an authorized user on another person’s credit card can help boost your credit score if the owner of the card has a good credit history. Of course, make sure to ask first! ↗️Keep your oldest account open and active. Tying into the length of your credit history, you want to continue benefiting from your older accounts that have been in good standing. Keeping that account open and continuing to use it can help your score.  ↗️Dispute any incorrect or fraudulent information in your report. Another reason to check your credit score is to monitor for fraudulent activity or incorrect information. If something does not seem right or there is unknown activity attached to your credit report, please contact the credit bureau(s) immediately. Keep reading: https://lnkd.in/eVrZ-aDg

Jeff, Vanessa, Cindy and Kayla attended the WAM Theatre 15th Anniversary Benefit 💚

Greylock welcomed more than 170 youth and families for Youth Week 2024 celebration📰 Greylock Federal Credit Union celebrated Youth Week 2024 with a kick-off event at its Community Empowerment Center (CEC) and week-long festivities throughout all of its branches Aug. 5 through 10. Read full story: https://lnkd.in/ek_5yeXA

Last week we said farewell to our amazing interns! Wishing you all the absolute BEST in the next chapter of your careers 💚 #TeamGreylock #CUdifference

#FinancialTipTuesday Learn how to get your credit score moving in the right direction 📈 ↗️Set a goal. Establish a goal to build or rebuild your credit and have a reason to want to reach it. This will give your goal a purpose and help you to stay motivated. ↗️Check your score. Tracking your progress is important to do either monthly, bi-monthly, or at a minimum, yearly, to track your progress. It shows your starting point and lets you see how far you have come. These check-ins provide motivation and/or encouragement to make improvements. ↗️Make all payments on time. Payment history makes up 35 percent of your credit score, so it is important to at least make the minimum payment every month. Setting alerts on your calendar is a smart way to stay on time with payments, as is using autopay. Keep reading: https://lnkd.in/eVrZ-aDg

#FinancialTipTuesday Steps to Building a Budget: Your Key to Financial Success 🔐 🔑The 50/30/20 Rule: Put 50 percent of your income towards needs such as mortgage/rent, insurance, car payments, groceries, utilities, or debt payments. 30 percent into wants such as streaming subscriptions, eating out, new clothes, concert tickets, or vacations. 20 percent goes towards savings such an emergency or retirement fund, or investments. If your needs exceed 50 percent of your income, you may need to adjust your plan, but this is a good goal to strive for. It is important to keep these steps in mind when creating your financial blueprint.  🔑Make adjustments.  If you are spending more than you are earning, find areas to reduce or research other ways to increase your income. This might mean less dining out or waiting for a sale to buy something you want. It could also mean reducing monthly subscriptions to streaming services. 🔑Stick to your plan. Follow your budget as closely as possible. It’s okay to have occasional purchases for yourself but try to stay on track. Keep reading: https://lnkd.in/et-2K_F4