Worcester Business Journal

wbjournal.com | October 14, 2024 | Worcester Business Journal 5 B R I E F S MEMBER FDIC 1 Annual Percentage Yields (APYs) effective as of 10/1/2024 and subject to change at any time after the account is open. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. The APY range assumes a maximum deposit of $50,000 for illustration purposes only. Fees may reduce earnings. The account does not have a maximum deposit limit. Refund of domestic ATM surcharge transaction fees are capped at $25.00 per statement cycle. Non-UniBank ATM Surcharges are those fees charged by the bank that owns the non-UniBank ATM used. If the eligibility requirements are not met the account will earn a lower interest rate and corresponding APY and will not be eligible for refund of ATM surcharge transaction fees. Minimum balance of $10 to open the account. Limit one account per customer holding position of primary account holder. Other restrictions may apply. • In order to be eligible for the disclosed Tier I and Tier II interest rate, Annual Percentage Yield (APY), and refund of domestic ATM Surcharges the following conditions must be met in a given statement cycle. • A minimum of 8 posted and settled debit card purchase transactions during the statement cycle. Not all pur- chase transactions post or settle on the day they occur. • Active enrollment in e-statements – you must sign into your online banking account at least once every 12 months to keep enrollment active. e by UniBank Checking Basic Rate of Interest APY 1 2.99 % Balances less than $15,000 2.99 % Balances $15,000 and above % 0.01 On entire balance when minimum requirements are not met -1.20 % APY 1 APY 1 APY 1 Open an account online at unibank.com or visit any UniBank branch! Checking with all the benefits. High-yield. High-tech. High-satisfaction. www.unibank.com 800.578.4270 DCU credit union plans $29B Silicon Valley merger e largest credit union in Central Massachusetts has plans to get even bigger, as Digital Federal Credit Union in Marlborough has announced its intent to merge with First Tech Federal Credit Union, a financial firm based in California's Silicon Valley. e proposed merger will create a $28.7-billion credit union with 2 million members across 50 branches in eight states, according to a joint press release issued by the two financial institutions on Sept. 30. e merger is expected to be completed in 2025. "Our credit unions have a shared ori- gin – each created to serve the financial needs of technology employees, their families, and digitally savvy members across the country," Shruti Miyashiro, president and CEO of DCU and mem- ber of the WBJ 2024 Power 100, said in the press release. "e transformative power of this merger of equals will un- lock enormous potential to deliver value and opportunity for the people who matter most: our members, our employ- ees, and the communities we serve." FTFCU was founded in 1952 by employees at Hewlett-Packard and Tektronix and has over 30 locations in six states: California, Colorado, Texas, Idaho, Oregon and Washington. FTFCU had $16.74 billion in total assets as of June 30, 2024, according to financial filings with the National Credit Union Administration. DCU is the largest credit union in Central Massachusetts, according to data provided to the WBJ Research Department, with $12.28 billion in assets as of March 31, 2024 and a 2023 net income of $84 million. DCU has 1.1 million members. Jack's Abby parent to buy Night Shift, become largest Mass. brewer Hendler Family Brewing, the Fram- ingham-based parent company of Jack's Abby and Wormtown Brewing, plans to buy Everett-based Night Shi Brewery, Shruti Miyashiro Continued on page 7

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