Everett Co-operative Bank is headquartered in EVERETT and is the 47th largest bank in the state of Massachusetts. It is also the 882nd largest bank in the nation. It was established in 1890 and as of March of 2023, it had grown to 66 employees at 2 locations. Everett Co-operative Bank's money market rates are 10X the national average, and it boasts an A+ health rating.
A few wks back i lost my card and went to the branch to request a hold on my accout and a new card. I was told to enter a pin and that i'd receive my card in about 10 business days and that i would be all set. I received my card in the time stated but i was not all set. This morning at 5:24am on my way home with my 3 small children I attempted to use the card at the gas station. I did not have enough gas to get home. My card was not active and i was told that i would have to wait for the branch to open to handle this situation. The branch does not open until 9am! I was stranded with 3 small children and no funds! It was awful listening to my children ask for breakfast and something to drink and not be able to do anything about it. Worst experience yet! Looking for another bank now!
Overall | |
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FDIC Certificate # | 26444 |
Year Established | 1890 |
Employees | 66 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.3% |
Return on Equity - YTD | 2.5% |
Annual Interest Income | $12.1MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $1.16B$688.6MM |
Loans | Q1 2023vs Q1 2022 | $971.2MM$535.2MM |
Deposits | Q1 2023vs Q1 2022 | $798.9MM$591.5MM |
Equity Capital | Q1 2023vs Q1 2022 | $130.9MM$78.7MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $8.3MM$4.4MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $112.00K$740.00K |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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3.50%* | $10k* | - | Milestone Savings w/ New Money | ||
OTHER TIERS: 0.05% → $10 - $10k | |||||
0.05% | $10 | - | Statement Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $10 | - | NOW Checking | |
0.05% | - | - | Elite Checking |
Everett Co-operative Bank Locations | ||
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Everett Co-Operative Bank | 419 Broadway | Everett, MA 02149 |
Lynnfield Branch | 771 Salem St | Lynnfield, MA 01940 |