GREENFIELD, Mass.–Members of Franklin First Federal Credit Union have voted in favor of merging into Greylock Federal Credit in Pittsfield, Mass. The $86-million Franklin First has approximately 7,500 members, while the $1.67-billion Greylock FCU serves more than 105,000 members.
As the CU Daily reported here, in its disclosure to members for why it needed to merge Franklin First said Greylock FCU will provide opportunities to increase products and services to members.
The merger is expected to close on June 1, 2026, with a systems conversion scheduled for early 2027, according to the credit unions. Franklin Frist had earlier said it will continue to operate as a division of Greylock for a period of time after the merger is completed.
‘New Chapter’
“Franklin First is thrilled to begin our new chapter as a division of Greylock. The board of directors and employees of Franklin First are thankful to our membership for supporting this merger and we look forward to continuing our work for our members and in our community with the strong support from Greylock behind our team here in Franklin County,” FFCU President and CEO Michelle Dwyer said in a statement.
Dwyer will continue to manage the Franklin County market, the CUs said.
Addewd Greylock President and CEO John L. Bissell in a statement, “My deepest thanks to the Franklin First membership for their trust, support, and confidence in this momentous next step for Franklin First and Greylock. We are especially grateful to Michelle Dwyer and the Franklin First board of directors for their steadfast leadership through the years. As we move forward together, we will continue to build upon this strong foundation of stewardship and will remain committed to serving the people of Franklin County.
