Business Briefs: Greylock Credit Union reports strong 2014
Greylock Credit Union reports strong 2014
The Greylock Federal Credit Union posted net income of $5.37 million and total assets of $1.075 billion during 2014, the financial institution's 79th year of operation.
Greylock's regulatory net worth, a key measure of financial strength, ended 2014 at 9.4 percent up from 8.76 percent in 2013.
New funded mortgages increased 28 percent over 2013, and funded consumer loans by 13 percent. Greylock Insurance Agency and Greylock Investment Groups, both subsidiaries of Greylock Credit Union, posted their best years ever.
Greylock finished the year with 70,961 member owners; $837 million in total loans; $960 million in total deposits; and $5.4 million in total net earnings.
State gas prices rise slightly
Average retail gasoline prices in Massachusetts rose 1.2 cents per gallon last week, averaging $2.34 per gallon on Sunday, according to GasBuddy's daily survey of 2,830 state gas outlets.
The national average increased 0.5 cents per gallon last week to $2.39 per gallon, according to gasoline price website GasBuddy.com.
State gas prices on Sunday were 121.2 cents per gallon lower than the same day one year ago and are 8.1 cents per gallon lower than a month ago. The national average has decreased 4.9 cents per gallon during the last month.
Two elected to NEC board
Saint Anselm College President Steven DiSalvo and Bank of Maine Executive Vice President Ted Scontras have been elected to the New England Council's board of directors.
The New England Council is a non-partisan alliance of businesses, academic and health institutions and public and private organizations.
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