Mechanics' Cooperative Bank

Overview / Commentary
316 Broadway
Taunton, MA 02780

Mechanics' Cooperative Bank is headquartered in Taunton and is the 66th largest bank in the state of Massachusetts. It is also the 1,437th largest bank in the nation. It was established in 1877 and as of December of 2021, it had grown to 94 employees at 11 locations. Mechanics' Cooperative Bank has an A+ health rating.


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Health Grade Components

FDIC Certificate #26634
Year Established1877
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD10.02%
Annual Interest Income$27.0MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$630.5MM$659.8MM
LoansQ4 2021vs Q4 2020$512.9MM$534.6MM
DepositsQ4 2021vs Q4 2020$536.3MM$503.4MM
Equity CapitalQ4 2021vs Q4 2020$77.1MM$68.4MM
Loan Loss AllowanceQ4 2021vs Q4 2020$4.0MM$4.0MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$103.00K$162.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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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

0.15%*$50k*-Premier Choice Savings
OTHER TIERS: 0.10% $100 - $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

0.15%*$50k*-Personal Money Market
OTHER TIERS: 0.05% $100 - $10k | 0.10% $10k - $50k
0.15%*$75k*-Choice Business Money Market
OTHER TIERS: 0.05% $100 - $25k | 0.10% $25k - $750k
0.15%*$25k*-Municipal Money Market
OTHER TIERS: 0.10% $100 - $25k

Mechanics' Cooperative Bank Checking Account Rates

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

1.00%$500-5 Years CD
1.00%$500-5 Years Relationship CD Special -Qualifying
0.75%$2.5k-27 Month CD Special
0.60%$500-14 Month CD Special
0.40%$500-4 Years CD
0.35%$500-3 Years - Fixed Rate CD
0.30%$500-2 Years CD
0.30%$500-2.5 Years CD
0.25%$500-3 Years - Variable CD
0.20%$500-1.5 Years CD
0.15%$500-1 Year CD
0.10%$500-9 Months CD
0.05%$500-3 Months CD
0.05%$500-6 Months CD

Mechanics' Cooperative Bank IRA Rates

1.00%$500-5 Years IRA
0.40%$500-4 Years IRA
0.35%$500-3 Years - Fixed Rate IRA
0.30%$500-2 Years IRA
0.25%$500-3 Years - Variable IRA
0.20%$500-1.5 Years IRA
0.15%$500-1 Year IRA
0.05%$500-6 Months IRA

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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