Mechanics' Cooperative Bank


Overview / Commentary
508-823-7744
316 Broadway
Taunton, MA 02780

Mechanics' Cooperative Bank is headquartered in Taunton and is the 65th largest bank in the state of Massachusetts. It is also the 1,407th largest bank in the nation. It was established in 1877 and as of June of 2022, it had grown to 97 employees at 11 locations. Mechanics' Cooperative Bank's money market rates are 7X the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #26634
Year Established1877
Employees97
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD9.98%
Annual Interest Income$13.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$641.8MM$675.6MM
LoansQ2 2022vs Q2 2021$522.5MM$529.6MM
DepositsQ2 2022vs Q2 2021$537.9MM$542.9MM
Equity CapitalQ2 2022vs Q2 2021$76.1MM$73.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.0MM$4.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$68.00K$144.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mechanics' Cooperative Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$50k*-Premier Choice Savings
OTHER TIERS: 0.10% $100 - $10k | 0.25% $10k - $25k | 0.70% $25k - $50k
0.10%$100-e-Choice Savings
0.05%$100-Classic Savings (Passbook)
0.05%$10-Christmas Club (Passbook)
0.05%$100-Statement Savings

Mechanics' Cooperative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-Personal Money Market
OTHER TIERS: 0.10% $100 - $25k | 1.00% $25k - $100k
2.50%*$250k*-Choice Business Money Market
OTHER TIERS: 0.10% $100 - $25k | 0.50% $25k - $100k | 1.00% $100k - $250k

Mechanics' Cooperative Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Top Choice Checking
OTHER TIERS: 0.05% $500 - $50k
0.10%*$25k*-Premier Choice Checking
OTHER TIERS: 0.05% $100 - $25k
0.10%*$25k*-Choice IOLTA
OTHER TIERS: 0.05% $100 - $25k
0.05%$100-18/65 Choice Checking
0.05%$100-Unlimited Choice NOW

Mechanics' Cooperative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%$500-14 Month CD Special
4.30%$500-10 Month CD Special
3.50%$500-6 Months CD
3.50%$2.5k-27 Month CD Special
2.70%$500-5 Years CD
2.70%$500-5 Years Relationship CD Special -Qualifying
0.50%$500-3 Years - Fixed Rate CD
0.50%$500-4 Years CD
0.45%$500-2.5 Years CD
0.40%$500-2 Years CD
0.35%$500-1.5 Years CD
0.30%$500-1 Year CD
0.25%$500-9 Months CD
0.25%$500-3 Years - Variable CD
0.10%$500-3 Months CD

Mechanics' Cooperative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$500-6 Months IRA
2.70%$500-5 Years IRA
0.50%$500-3 Years - Fixed Rate IRA
0.50%$500-4 Years IRA
0.40%$500-2 Years IRA
0.35%$500-1.5 Years IRA
0.30%$500-1 Year IRA
0.25%$500-3 Years - Variable IRA
Locations


Mechanics' Cooperative Bank Locations
1236 County St Branch1236 County StreetSomerset, MA 02726
165 State Rd Branch165 State RoadWestport, MA 02790
201 Gar Hwy Branch201 Gar HighwaySwansea, MA 02777
Mechanics' Co-Operative Bank316 BroadwayTaunton, MA 02780
North Dighton Branch596 Somerset AvenueNorth Dighton, MA 02764
Lafayette Federal Savings Bank Branch60 Bedford StreetFall River, MA 02720
Bridgewater Co-Operative Bank Branch72 Main StreetBridgewater, MA 02324
Taunton Branch75 County StreetTaunton, MA 02780
New Bedford Branch1238 Kempton StreetNew Bedford, MA 02740

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