# GREYLOCK
Pittsfield, MA · NCUA charter 24560 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/greylock-24560

Who the members are: federal charter, multiple common bond, organized 1935, low-income designated. 106,155 members of 114,602 potential (92.6% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 39.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.71B |
| Members | 106,155 (1.3% YoY) |
| Full-time staff | 259 |
| Net worth | $217.5M |
| Net worth ratio | 12.7% (p80 of band) |
| ROA (annualized) | 0.80% (p58 of band) |
| Total delinquency | 1.15% (p86 of band) |
| Net charge-offs (annualized) | 0.42% (p37 of band) |
| Loans / shares | 92% (p67 of band) |
| Cash / assets | 5.2% |
| Borrowings / assets | 3.45% |
| Net interest margin | 3.56% (p67 of band) |
| Operating expense / assets | 3.65% (p74 of band) |
| Vehicles % of loans | 21% (p37 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 83% |
| Third-party paper % of net worth | 114% (p43 of band) |
| Vehicle delinquency | 0.77% (p65 of band) |
| Vehicle NCO | 1.39% (p70 of band) |
| Repossessed % of vehicle book | 0.11% (p63 of band) |
| Real estate % of loans | 68% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 45% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 28% |
| Average share balance | $6,667 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $14.5M |
| Loans outstanding per 100 members | 39% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $32,068 |
| Loans granted, annualized | $276.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $14.5M outstanding purchased (6.7% of net worth), $0 sold and retained. Sold in 0 and bought in 6 of the last 8 quarters. Shares 4.1% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 | charge-offs p90 | delinquency 2x band |
| 2017-03 | 3 | net worth falling, delinquency 2x band | charge-offs p90 |
| 2017-06 | 2 |  | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | delinquency rising |  |
| 2018-03 | 1 |  | delinquency 2x band, delinquency rising |
| 2018-06 | 3 | delinquency 2x band, loans>95% of shares |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | net worth falling |  |
| 2019-06 | 3 |  | net worth falling |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 |  | delinquency 2x band |
| 2020-03 | 4 | net worth falling, leaning on borrowings |  |
| 2020-06 | 4 | delinquency 2x band | loans>95% of shares |
| 2020-09 | 2 |  | net worth falling, leaning on borrowings |
| 2020-12 | 1 |  | delinquency 2x band |
| 2021-03 | 2 | delinquency 2x band |  |
| 2021-06 | 1 |  | delinquency 2x band |
| 2021-09 | 2 | delinquency 2x band |  |
| 2021-12 | 1 |  | delinquency 2x band |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 3 | net worth falling, leaning on borrowings |  |
| 2024-06 | 4 | delinquency rising, loans>95% of shares | net worth falling |
| 2024-09 | 3 |  | delinquency rising |
| 2024-12 | 3 | delinquency rising | leaning on borrowings |
| 2025-03 | 2 |  | loans>95% of shares |
| 2025-06 | 3 | delinquency 2x band |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 |  | delinquency rising |
| 2026-03 | 1 |  | delinquency 2x band |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-12-18 [Franklin First, Greylock expected to merge credit unions in spring - Greenfield Recorder](https://news.google.com/rss/articles/CBMinwFBVV95cUxQSldLLUtLVHVCUE1Zak1pbnp5cVRqbmU1VzJLV0RGVk5LNjVBenR1T3FUczZ3djR2Um5WbW1mUWE0ZFRNclpfOWt4T29Wbk5KMVpPQ1JJNkdZTjNuRk9hUXpHaEs3dFYtcTh6T0s3YkRieVJjRlZMZWRjbXNNdk5YU3ZnaGtCM2NlSzZFR1Z2Sy1TRXVLV19IZzBQdngzUkU?oc=5) · Greenfield Recorder
- 2026-04-17 [Franklin First FCU, Greylock FCU to merge in June - WWLP](https://news.google.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?oc=5) · WWLP
- 2025-12-11 [Greylock Federal Credit Union and Franklin First Federal Credit Union agree to merger - The Berkshire Edge](https://news.google.com/rss/articles/CBMitgFBVV95cUxQZWhXeGpzdHd0WkRnWWc1T1ktODc3VUlRWl9IdFc2VVdNak1uQmU2eHdyRDJkNXl0dUhWYzlBLWd0YnpPR2tLNnB0ZHhJcVdiSXNfQldoQ0FmYURfQzF5WmFBTGV1TU85U0lLMXZ1YVhKTDc4WUtXSjVVOXhkR0pzWi05aDE2Zk1YVldBOEVQNDlmRm1KUGEtUzNFd2c2N25xb201X2MzN054X01vYXJ1UWFKRXBwUQ?oc=5) · The Berkshire Edge
- 2026-06-16 [Greylock Federal Credit Union's Shred Day event raises $3,000 for Berkshire United Way - The Berkshire Eagle](https://news.google.com/rss/articles/CBMi4AFBVV95cUxNZlh5aVpOVy1USS1PLXZscWdIVDdrVURYQkRraXJkLW9YZUx5RXo5RFgtWFdkdXg2WHc3ZnBEcVJmSW5ZWDA5QlBjZFYybnZ6Z2VKbkFEdElBUVJFdXMtUnNYc3NONGZaSHcxSmt2UlJIV0c4Q0stcWY3YWxXVUNGaXhjakowOHZEWGFwbTVTdlI5VnNqdDIyTllpM3FoMjJSNGtNdHR6dFI3TFRUbU4xSlFQaVRUZ3RoQTJKQWxpYTdvOUdOQk1VaWMyc3RCZkF1NEZ1MHBEQVd5SGhKWTFxNg?oc=5) · The Berkshire Eagle
- 2025-12-11 [Greylock Federal Credit Union plans merger with Franklin First, expanding into Franklin County - The Berkshire Eagle](https://news.google.com/rss/articles/CBMizgFBVV95cUxPR2p2TkFkUm1PUFYxN0ljcjMxbkpKVlNONHB5WmhPc2pKYnU4bW0wVGJLekN0Q1lDRml0MUhkT0kxdkV2d1JWZkxTT2tVbnNSUmR0ekRkdnYycE1OVmpXOEh3Zm5OQjRZZ3ZwQjFsQnVvbU01REQzSlNvNWVTd003VWhsZWN0WDFnQU5MLTlkcHlaZHNUcmhhM25UV1I0WVh2Rks1cW5INUU3NzVIWVo3cHdOdzliV2N4U3NFbjZ2NWpJMXNmb0t5NnFMaWE1dw?oc=5) · The Berkshire Eagle
- 2026-04-07 [Greylock Federal welcomes Charles Robertson, Senior Vice President, Retail Services - CUInsight](https://news.google.com/rss/articles/CBMivwFBVV95cUxOZ3RqRXctZi1rVzE2eS1ET2duUXI3MU1QQjdYZjNOdFJMbE8xQS1IWjFlMjlBaDVjZko4RnNfVVBWRkl0c3VHVnNSOU1jVk83VGlNbkZIbll6M2xZckJTR2h5bmg3aUMtcy10TUw2TXh1MjFTLWZHbWFvd01KZXRlcGJRREtEZE10U05tcTEyalBWdkRBb3l2eXJxZTFRazdHejIwTGdmVVpDMk5mOTBfeXJSem5jZ0pVLWtHeXNMRQ?oc=5) · CUInsight
- 2026-05-20 [Greylock Federal welcomes John Rose, Vice President, Consumer Lending - iBerkshires.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxPYXU1eHlYR0N0ZW5CVEFtNE8ycmdwbjRqTVMwRWNBVWJkVVAyT0NfZWx4LU1fcUVoYWZDWFdqbW5PakNyYkRDWUd1QmJyeHFqdG9rVEFROTRtRm5HdU1oVThjZDdzZ1dlVlBoaWdVYzBidVAyV1htOF9tV2VDUkJodXlsTGd3VzRyQ1NidXdyZlZQU2NwRVZpNjEtQkJWWXRVb1ZlR21Cb0JmdVRGMG9WcGd3?oc=5) · iBerkshires.com
- 2026-06-02 [Greylock Federal Credit Union awards $10,000 each to 10 nonprofits - The Berkshire Eagle](https://news.google.com/rss/articles/CBMi0wFBVV95cUxOMzdhQWttOG1Ra05pTi03blQ2TmE0Rk9ZdF9rRGI3SDRweXFxSGJnRk01RGQyaEVYb0pCNFBlbWtSZ0dUUnFDTHpvbkZlM0FuZlZrVjhzOEgwZ3RfckZGbkNOb0hWR0JlMVJkRTV6X2NIeTNDTVlDT1RuVUJFdUVfU0Mtc0NXZWlWdWxjRURmTFlsNkNEeGprWVhsUkVFSkJEYUJxZmpoM2E2RnlpdS0wMGpMOWpnOUdSRUl5REtKTi1Ba0xJem5PWGxZRExCRXNkTzZZ?oc=5) · The Berkshire Eagle

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24560 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/48.json (key "24560", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=24560
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide