Everett Co-operative Bank is headquartered in Everett and is the 74th largest bank in the state of Massachusetts. It is also the 1,414th largest bank in the nation. It was established in 1890 and as of December of 2019, it had grown to 46 employees at 2 locations. Everett Co-operative Bank has an A+ health rating.
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Unacceptable
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!
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26444 |
| Year Established | 1890 |
| Employees | 46 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 6.59% |
| Annual Interest Income | $21.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $518.2MM$497.9MM |
| Loans | Q4 2019vs Q4 2018 | $426.8MM$425.7MM |
| Deposits | Q4 2019vs Q4 2018 | $424.2MM$406.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $68.4MM$63.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $3.6MM$3.5MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.0MM$632.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |