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 Issue of January 23, 2006 
   
Springfield-based Premier Source Credit Union has an application pending before the state Division of Banks to open its membership up to people who live or work in Hampden and Hampshire counties, as well as students enrolled in colleges, universities or post-high school technical programs in the two counties.


Community-Based Expansions More Frequent for Credit Unions
By Andrea Gregory
Kelko Credit Union started by servicing employees of Westvaco, an envelope and paper products company in western Massachusetts. Sixty-five years later, a lot has changed. Now operating under the name Premier Source Credit Union, the Springfield-based institution has 3,800 members and $26 million in assets. Although it is never likely to be a major player in the financial services industry, Bonnie Raymond, chief executive officer of Premier Source, said expansion at some level nevertheless is key to survival of her institution.



Tax Proposal Draws Criticism in Waltham
By Joe Clements
Efforts to shift Waltham’s tax burden to apartment developments of nine units and more is drawing the ire of public officials, landlords and housing policy experts just days after the idea was unveiled by Mayor Jeannette McCarthy.



Suburban Communities Top $1M Median
By Aglaia Pikounis
Move over, Weston. It looks like there are at least three other sought-after Boston-area suburbs where the median selling price for a single-family home is more than $1 million.



Slow Core Deposit Growth Presents Challenge for Banks
By Andrea Gregory
With deposit growth slowing down, several area banks are offering special deals to attract more customers. For Bay State investors, that means the time could be right to shop around.



Flex Sector in Massachusetts Loses a Little Muscle in 2005
By Joe Clements
Commercial real estate’s flex market seems a bit twisted entering 2006. Incongruous data disputes whether the struggling product type, also known as research-and-development space, had positive absorption in Massachusetts last year for the first time this millennium, but even the most optimistic assessment revealed that any rebound was muted by a late swoon in leasing activity.



New Private Nonprofit Group Planned to Aid Seniors’ Needs
By Aglaia Pikounis
A town in western Massachusetts is seeking state approval to establish a private nonprofit corporation that would help seniors with their housing needs.



Restoring History
The restoration of historically significant buildings is an important and highly specialized construction craft that enables educational institutions, both privately and publicly owned, to preserve both the structural and architectural integrity of these important structures. This article presents a case study of the exterior precast stone restoration, masonry restoration, and waterproofing of Worcester Academy’s Warner Theatre, which was performed by Boston-based Metropolitan Restoration and Waterproofing Corp.




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