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Mechanics' Cooperative Bank

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CURRENT TOP RATE

5 Years Relationship CD Special -Qualifying

Overview / Commentary

mechanics-coop.com

508-823-7744

316 Broadway
Taunton, MA 02780

Mechanics' Cooperative Bank is headquartered in Taunton and is the 64^th largest bank in the state of Massachusetts. It is also the 1,266^th largest bank in the nation. It was established in 1877 and as of June of 2020, it had grown to 95 employees at 10 locations. Mechanics' Cooperative Bank has an A+ health rating.

Related Posts

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2018

6/18 - Mechanics Cooperative Bank (MA) Pushes 27-month CD Upward

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Health

A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	26634
Year Established	1877
Employees	95
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.18%
Return on Equity - YTD	11.65%
Annual Interest Income	$14.3MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$670.6MM$583.3MM
Loans	Q2 2020vs Q2 2019	$542.4MM$473.9MM
Deposits	Q2 2020vs Q2 2019	$497.0MM$443.2MM
Equity Capital	Q2 2020vs Q2 2019	$65.1MM$58.5MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$3.6MM$3.5MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$180.00K$549.00K
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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Money Market
Checking
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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	VIEW DETAILS
0.20%^*	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$50k^*	-	Personal Money Market
OTHER TIERS: 0.05% → $100 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.20%^*	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$50k^*	-	Top Choice Checking
OTHER TIERS: 0.05% → $500 - $50k
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	VIEW DETAILS
0.75%	$500	-	5 Years Relationship CD Special -Qualifying
0.65%	$500	-	5 Years CD
0.60%	$500	-	4 Years CD
0.60%	$2.5k	-	27 Month CD Special
0.55%	$500	-	3 Years - Fixed Rate CD
0.50%	$500	-	2.5 Years CD
0.50%	$500	-	14 Month CD Special
0.45%	$500	-	2 Years CD
0.40%	$500	-	1.5 Years CD
0.40%	$500	-	3 Years - Variable CD
0.40%	$500	-	10 Month CD Special
0.25%	$500	-	9 Months CD
0.25%	$500	-	1 Year CD
0.20%	$500	-	6 Months CD
0.15%	$500	-	3 Months CD

Mechanics' Cooperative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.65%	$500	-	5 Years IRA
0.60%	$500	-	4 Years IRA
0.55%	$500	-	3 Years - Fixed Rate IRA
0.45%	$500	-	2 Years IRA
0.40%	$500	-	1.5 Years IRA
0.40%	$500	-	3 Years - Variable IRA
0.25%	$500	-	1 Year IRA
0.20%	$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
New Bedford Branch	1238 Kempton Street	New Bedford, MA 02740

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