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Banking & Finance

Credit union to give $3M back to members

Workers' Credit Union, based in Fitchburg, has announced a $3 million give back in 2016 for its members after it met financial goals.

Marlborough focuses on smaller players with proposed loan fund

Corporate giants such as GE Healthcare Life Sciences and Boston Scientific have lifted Marlborough's profile as a prime destination for businesses by making the city their home in the last couple of years. But local economic development leaders don't want to leave the small players in the dust.

United Bank’s 1Q net, dividend climb

The parent of Connecticut's United Bank posted higher first-quarter net income than any of its Connecticut and Massachusetts predecessors on strong residential and commercial loan demand and ongoing synergies from its nearly year-old merger. It also hiked its dividend.

Central Mass. banks, credit unions move toward Apple Pay

Given its origins as a credit union specifically for employees of technology pioneer Digital Equipment Corp., it's no surprise that Digital Federal Credit Union serves a lot of people who like fancy gadgets. So when new technology comes along, DCU tends to jump on board.
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Fresh Beginnings

The Lawn Doctor has started service in MetroWest and Worcester County. The franchise is owned by Jeff...

Kickstarter offers funding jolt to Central Mass. ventures

Robert Crowley didn't think there was enough support to re-create the recipe for large-format instant film that was lost with the fold of Polaroid, but a Kickstarter campaign proved him wrong. The online services has allowed a number of individuals to fund various projects at multiple levels, each earning investors a reward.

NBSB cleared for federal loans to farmers

North Brookfield Savings Bank has received approval from a federal agency to underwrite and service government-backed loans to family farms in Worcester and Hampshire counties.

Workers’ Credit Union results bring ‘GiveBack’ to members

The board of directors for the Workers' Credit Union approved a payout of more than $2.5 million to members as a result of the credit union's performance in 2014, according to a news release Wednesday from the credit union.
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Berkshire Bank parent acquisition wins seller’s approval

The parent company of Berkshire Bank will take over Springfield-based Hampden Bancorp next month after Hampden's stockholders approved the sale, the bank announced Thursday.

Webster First, Industrial credit unions to merge

Webster First Federal Credit Union (WFFCU), which is based in Worcester, is merging with Boston-based Industrial Credit Union (ICU), the two institutions announced.
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