Greylock Federal Helps New Americans Attain ITIN

Print Story | Email Story
PITTSFIELD, Mass. Immigrants who do not have a social security number are required to have an Individual Taxpayer Identification Number (ITIN) to actively participate in the U.S. financial system and apply for loans, such as credit cards, auto loans and mortgages, as well as to pay their taxes.
 
While some agencies or organizations may charge hundreds of dollars to help an immigrant apply for an ITIN, the service is free of charge at Greylock.
 
"At Greylock, we know that our new Americans comprise one of our fastest growing member sectors. It's absolutely vital that we provide them with safe and affordable financial services to support their goals for both the present and future," said President and CEO John Bissell.
 
According to a press release, since 2019, the credit union has helped more than 1,800 individuals obtain an ITIN. In 2023, Greylock's Certified IRS ITIN Agents helped submit 602 ITIN applications to the IRS, opening the door to financial resources for community members who need this access to support their financial wellness.
 
While not every new ITIN recipient will apply for a loan through Greylock, many have utilized these resources. Through Greylock's lending programs, members have access to tailored lending products such as a Credit Builder Loan, Borrow and Save Loan, Lifeline (a small dollar installment loan), New Road Loans for new and used vehicles, and most recently, ITIN mortgages.
 
Since 2019, Greylock has approved over 2,000 ITIN loan applications for over $27 million. In 2023, Greylock approved 660 ITIN loan applications for $7,172,409, and the credit union is on pace to exceed those numbers in 2024.
 
"Of course, we are thrilled with those numbers," Bissell added, "but what excites me the most personally is that each one of those ITIN loan applications represents a new American who is working hard to achieve their American Dream."
 
To learn more about Greylock's ITIN offerings, email Bob Maxwell, Senior Content Producer, at bmaxwell@greylock.org.

Tags: Greylock Federal,   

If you would like to contribute information on this article, contact us at info@iberkshires.com.

Lanesborough Picks Information Panel for Public Safety Proposal

By Brittany PolitoiBerkshires Staff

LANESBOROUGH, Mass. — The town has a public safety building proposal to present to taxpayers, and now, an informational committee will help move the process forward.

On Monday, the Select Board voted to form a public safety building informational outreach committee and re-appointed four members: Dean Clement, Daniel MacWhinnie, Mark Siegars, and Lisa Dachinger.

"The Public Safety Building Committee has done their job. Now we need, hopefully with some of those same bodies, to form a new committee of some type and move forward," Select Board member Timothy Sorrell explained.

Earlier this month, the town officials voted to advance a $7.3 million combined police/emergency medical services facility to town meeting, discarding the option for a $6.5 million separate build.  The same design, then priced at $5.9 million, was shot down in 2023.

"There is the option to go to what could be a debt exclusion, which requires a two-thirds majority at either a special town meeting or an annual town meeting, and that can be followed by inclusion in a ballot," Town Administrator Gina Dario said.

Siegars advised that if the question goes to a ballot first with a fixed project budget, that amount can't be changed for a subsequent special town meeting vote.

"In our discussions, there are committee members who are willing to stay on if you wanted to continue the committee or appoint to new one, who have volunteered to be involved with any public information sessions to try to answer the questions with the idea that that they would also explore further and work with Gina and town counsel on specifically what the question should be for a special town meeting, and if, if warranted a subsequent ballot vote," he reported.

Chairman Michael Murphy echoed the former committees' arguments that the town can't explore grants and financing until it has approved an amount.

View Full Story

More Pittsfield Stories