Mechanics' Cooperative Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.75%	2-year CD	27 Month CD Special 2.35% - Ally Bank Raise Your Rate 2-Year CD
3.00%	5-year CD	5 Years CD 2.90% - Goldman Sachs Bank USA High-yield 5 Year CD
0.60%	1-year CD	1 Year CD 2.45% - Synchrony Bank 14 Month CD Special

View all Mechanics' Cooperative Bank rates »

Overview / Commentary

www.mechanics-coop.com

508-823-7744

316 Broadway
Taunton, MA 02780

Mechanics' Cooperative Bank is headquartered in Taunton and is the 63^rd largest bank in the state of Massachusetts. It is also the 1,252^nd largest bank in the nation. It was established in 1877 and as of March of 2018, it had grown to 93 employees at 9 locations. Mechanics' Cooperative Bank's money market rates are 14% higher than the national average, and it has a B+ health rating.

Overall
FDIC Certificate #	26634
Year Established	1877
Employees	93
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.91%
Return on Equity - YTD	10.45%
Annual Interest Income	$6.2MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$577.2MM$542.8MM
Loans	Q1 2018vs Q1 2017	$474.0MM$440.6MM
Deposits	Q1 2018vs Q1 2017	$429.4MM$405.8MM
Equity Capital	Q1 2018vs Q1 2017	$50.7MM$46.1MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$3.3MM$3.3MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$1.9MM$2.0MM
Real Estate Owned	Q1 2018vs Q1 2017	$99.00K$495.00K

Rates

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Money Market
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mechanics' Cooperative Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%^*	$50k^*	-	Premier Choice Savings
OTHER TIERS: 0.15% → $100 - $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k
0.25%	$100	-	e-Choice Savings
0.05%	$100	-	Classic Savings (Passbook)
0.05%	-	-	Christmas Club (Passbook)
0.05%	$100	-	Statement Savings

Mechanics' Cooperative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$50k^*	-	Personal Money Market
OTHER TIERS: 0.25% → $100 - $500 \| 0.30% → $500 - $10k \| 0.35% → $10k - $25k \| 0.40% → $25k - $50k
0.45%^*	$75k^*	-	Choice Business Money Market
OTHER TIERS: 0.25% → $100 - $500 \| 0.30% → $500 - $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $750k
0.40%^*	$75k^*	-	Municipal Money Market
OTHER TIERS: 0.25% → $100 - $500 \| 0.30% → $500 - $25k \| 0.35% → $25k - $750k

Mechanics' Cooperative Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$50k^*	-	Premier Choice Checking
OTHER TIERS: 0.05% → $100 - $25k \| 0.10% → $25k - $50k
0.15%^*	$50k^*	-	Choice IOLTA
OTHER TIERS: 0.05% → $100 - $25k \| 0.10% → $25k - $50k
0.05%	$100	-	18/65 Choice Checking
0.05%	$100	-	Unlimited Choice NOW

Mechanics' Cooperative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%	$500	-	5 Years CD
3.00%	$500	-	5 Years Relationship CD Special -Qualifying
2.75%	$2,500	-	27 Month CD Special
2.00%	$500	-	14 Month CD Special
1.50%	$500	-	4 Years CD
1.30%	$500	-	3 Years - Fixed Rate CD
1.10%	$500	-	2.5 Years CD
1.00%	$500	-	2 Years CD
0.70%	$500	-	1.5 Years CD
0.70%	$500	-	3 Years - Variable CD
0.60%	$500	-	1 Year CD
0.45%	$500	-	9 Months CD
0.30%	$500	-	6 Months CD
0.25%	$500	-	3 Months CD

Mechanics' Cooperative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%	$500	-	5 Years IRA
1.50%	$500	-	4 Years IRA
1.30%	$500	-	3 Years - Fixed Rate IRA
1.00%	$500	-	2 Years IRA
0.70%	$500	-	1.5 Years IRA
0.70%	$500	-	3 Years - Variable IRA
0.60%	$500	-	1 Year IRA
0.30%	$500	-	6 Months IRA

Locations

Mechanics' Cooperative Bank Locations
1236 County St Branch	1236 County Street	Somerset, MA 02726
165 State Rd Branch	165 State Road	Westport, MA 02790
201 Gar Hwy Branch	201 Gar Highway	Swansea, MA 02777
Mechanics' Co-Operative Bank	316 Broadway	Taunton, MA 02780
North Dighton Branch	596 Somerset Avenue	North Dighton, MA 02764
Lafayette Federal Savings Bank Branch	60 Bedford Street	Fall River, MA 02720
Bridgewater Co-Operative Bank Branch	72 Main Street	Bridgewater, MA 02324
Taunton Branch	75 County Street	Taunton, MA 02780

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