Stracuzzi resigns as CEO

Stracuzzi resigns as CEO

There are 277 comments on the Berkshire Eagle story from Jun 11, 2010, titled Stracuzzi resigns as CEO. In it, Berkshire Eagle reports that:

Angelo C. Stracuzzi resigned Friday as president and CEO of Greylock Federal Credit Union, ending a tenure that was punctuated by the board of directors learning about his criminal record.

Join the discussion below, or Read more at Berkshire Eagle.

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Book-em Danno

Northville, NY

#1 Jun 11, 2010
This is in the best interest of the owners/members of Greylock, and the entire community. Unfortunately, in my opinion, this should have happened long ago.

It is one thing to cling to the comfort of a close knit clique, and quite another to treat the very people who pay for the existence of these individuals with total disregard.

Greylock Federal's next item on the agenda should concentrate on repairing their image in this community.

One does not have to look very far in this current economy to tally the number of banks that have failed. I was deeply concerned when this crisis broke that Greylock may meet the same fate.

The assets of this institution are funded by their liabilities, which are member's deposits. If people, alarmed by this scandal, began withdrawing their deposits, this institution would collapse.

This area has already seen enough devastation in this economy with the closing of KB Toys, and the sale of GE Plastics to Sabic. Further, numerous other businesses have shuttered.

And, Greylock Federal was in the hands of "pillars of the community?"

Dios Mio!!! If this institution folded, it would be almost a fatal blow to this community.

Worcester, MA

#2 Jun 11, 2010

Albany, NY

#4 Jun 12, 2010
Angelo was a great president. It saddens me to learn that he could not keep his personal life private. We have lost a good leader.
HellerCarbonCapN TradeLLC

Rockville, MD

#5 Jun 12, 2010
Berkshire Eagle reporter Conor Berry reports:
"Stracuzzi’s latest legal headache stems from separate 2004 incidents in Maine, according to York County Superior Court officials.
Stracuzzi was charged with six crimes in connection with two back-to-back incidents in July 2004, including two counts of soliciting sex from a minor, according to a spokeswoman in the court clerk’s office. All but two of the charges -- misdemeanor counts of assault and criminal mischief -- were dismissed by the York County District Attorney’s office."

The truth begins to trickle out.
FINALLY, The Berkshire Eagle reports facts that it was given at least as early as June 1st and which it might even have had as early as last January, but which nonetheless were originally published on Berkshire Blog on June 3rd, nine days ago.

Note that today's report still does not give specific details of the events that led to Angelo Stracuzzi's being summoned to a Maine district court on criminal charges including 'Patronizing Prostitution of a Minor', nor does Conor Berry's report include the ages of the two boys involved, aged 15 and 13.
Also note there is still no reference by The Eagle to the other Conditions of Probation ordered by the Maine Superior Court judge, e.g. the order for Mr. Stracuzzi to obtain psychological evaluation, and counseling as need.
Did the Berkshire Probation office follow up to verify that the judge's order was followed?

Clockville, NY

#6 Jun 12, 2010
As disturbing as this is, it is even more disgusting that the entire affair was supervised by Clifford J. Nilan of the Probation Department and GFCU Board of Directors, or that he was completely ignorant of the entire affair.

Troy, NY

#7 Jun 12, 2010
The small amount of information contained in Berrys report looks like it copied and pasted from one of your posts, Heller.
HellerCarbonCapN TradeLLC

Rockville, MD

#8 Jun 12, 2010
Also note how The Berkshire Eagle is reporting every gory detail of the North Adam's Rabbit-killer story, whereas a former Pittsfield city council president gets convicted in Maine in incidents involving underaged boys and The Berkshire Eagle gives it a total whitewash with reported details only hazy and vague.
Nothing about the specific events leading up to how a local credit union CEO could get involved with a 15 and 13 year-old in Biddeford, nor how Mr. Stracuzzi came to get caught in his criminal misbehavior.
What was Mr. Stracuzzi doing in Maine; why was he even there?
Did he travel across state lines with the intent to do that for which he subsequently was charged by Biddeford Police?
If so, that's a federal crime.
The Berkshire Eagle's obvious failure to provide relevant details in the Stracuzzi conviction compared to the paper's coverage of the rabbit-killer in North Adams shows The Eagle's for what it is.
The double-standard is about as glaring as it can get -- even for The Eagle.
HellerCarbonCapN TradeLLC

Rockville, MD

#9 Jun 12, 2010
Ariestu wrote:
The small amount of information contained in Berrys report looks like it copied and pasted from one of your posts, Heller.
Don't I know it!
Berkshire Blog originally published this on June 3rd!
HellerCarbonCapN TradeLLC

Rockville, MD

#11 Jun 12, 2010
If this were an article about a Berkshire County Republican, or some out-of-favor politico, wouldn't the headline be:
"Stracuzzi charged in underage sex rap in Maine!"?
HellerCarbonCapN TradeLLC

Rockville, MD

#12 Jun 12, 2010
Has anyone read the Pittsfield Gazette report on this?

Conway, MA

#13 Jun 12, 2010
When will they learn?
Mrs Grundy

United States

#14 Jun 12, 2010
How much of this is fact and how much ficiton is laced in the Eagle expose?

Angelo Stracuzzi's resignation was the only option. A banking insitution survives only on its reputation in the community it serves. Perception is everything!

The solicitation charge is rather disturbing! Judas preist, man.

(thanks to all posters who offered some insightful postings that proved relevant to the facts of this expose, while other magots relied on name and innuendos, you offered some food for thought)

Adopting MSNBC's Keith Olbermann's nightly "World's Worst" award to deserving recipients:

Angelo C. Stracuzzi is "today's worse, worser and worst persons in the [whole freaking] World!"
info 2

North Adams, MA

#15 Jun 12, 2010
Mariyln Sperling is the BEST thing that could have happen to that credit union...She is smart and has integrity..and is not part of the Good Old Boy's...Good Luck Mariyln make Pittsfield Proud!...Keep the list coming in...Someone should investigate that soldier place on w. houstontic st.....i hear they are cooking the books?????

“Everything is local”

Since: Apr 08

Great Barrington, MA

#16 Jun 12, 2010
What becomes of Nilan? With the Courts?
Adam Smith


#17 Jun 12, 2010
No word on any severance package/golden parachute. Curious to know if there was one.
Cranky Joe

Springfield, MA

#19 Jun 12, 2010
Emily wrote:
Angelo was a great president. It saddens me to learn that he could not keep his personal life private. We have lost a good leader.
How are thse crimes in Maine his private life? SOliciting sex from a Minor? Along with the all the other brishes with the law? He has terrible judgement. Not who I would want on my Board of Directors or working for me in any capacity.
Adam Smith


#20 Jun 12, 2010
good lord people wrote:
Angelo is a wonderful person & did many great things for this community MISDEMEANOR is the word ...Nobody but your Blog reported anything about molesting little boys you losers the report has not come back yet ....(Pittsfield Gazette Reporting) so Why Dont you Morons Wait for the report before you go throwing stones in your glass houses ....Good Night & Good Day Folks.....
Isn't denial an amazing thing?
Mr Chips

Cropseyville, NY

#22 Jun 12, 2010
When and where is the retirement party? Is the Sheriff going to be Emcee? Will the Mayor give Angelo a key to the city? Will the dean of the cities democrats Remo Delgallo give the main address at the gala event? Will all of the movers and shakers about town clamor for a photo op with the big guy in his retireing glory? Time will tell who sticks with the sinking ship.Usually,not even the rats stay around.Have fun in retirement Angelo,enjoy those grandkids.
Dont start

Northville, NY

#23 Jun 12, 2010
If the Eagle didn't sit on this story for YEARS this would have been done and over with a long time ago.
Now let's move on and figure out how the inept Marilyn Sperling got to be that close to the CEO position. GFCU better come up with a better replacement ASAP!
Marilyn is a amazing person and has worked hard to get where she is. She started at the first credit union 25 years ago. Congradulations to Marilyn and GFCU on there new start !

Troy, NY

#26 Jun 12, 2010
HellerCarbonCapNTradeLLC wrote:
Has anyone read the Pittsfield Gazette report on this?
I can not find it? Where?

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