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Overview / Commentary
888-632-4264
316 Broadway
Taunton, MA 02780

Mechanics' Cooperative Bank is headquartered in Taunton and is the 64th largest bank in the state of Massachusetts. It is also the 1,265th largest bank in the nation. It was established in 1877 and as of September of 2017, it had grown to 90 employees at 9 locations. Mechanics' Cooperative Bank's savings rates are 63% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #26634
Year Established1877
Employees90
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD10.74%
Annual Interest Income$17.4MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$568.9MM$502.6MM
LoansQ3 2017vs Q3 2016$463.3MM$400.6MM
DepositsQ3 2017vs Q3 2016$428.2MM$408.6MM
Equity CapitalQ3 2017vs Q3 2016$49.3MM$44.4MM
Loan Loss AllowanceQ3 2017vs Q3 2016$3.2MM$3.5MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.1MM$2.5MM
Real Estate OwnedQ3 2017vs Q3 2016$198.00K$1.3MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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: 0.30% $500 - $25k | 0.35% $100 - $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Premier Choice
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
0.05%$100-Unlimited Choice NOW

Mechanics' Cooperative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$500-5 Years Relationship CD Special -Qualifying
2.05%$500-5 Years CD
1.80%$2,500-27 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%$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 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