Overview / Commentary
Methuen Co-operative Bank is headquartered in Methuen and is the 112th largest bank in the state of Massachusetts. It is also the 4,184th largest bank in the nation. It was established in 1923 and as of June of 2019, it had grown to 16 employees at 1 location. Methuen Co-operative Bank's money market rates are 48% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Methuen Co-operative Bank has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26512 |
| Year Established | 1923 |
| Employees | 16 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 4.3% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $92.2MM$89.4MM |
| Loans | Q2 2019vs Q2 2018 | $50.2MM$51.2MM |
| Deposits | Q2 2019vs Q2 2018 | $82.3MM$79.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $9.8MM$9.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $609.00K$609.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1,000.00K$205.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$202.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Methuen Co-operative Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $10 | - | Passbook Savings Account | |
| 0.10% | $10 | - | Christmas Club Account | |
| 0.10% | $10 | - | Vacation Club Account | |
| 0.10% | $10 | - | Statement Savings Account |
Methuen Co-operative Bank Money Market Rates
Methuen Co-operative Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $10 | - | NOW Account |
Methuen Co-operative Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 48 Month CD | |
| 1.85% | $1k | - | 36 Month CD | |
| 1.75% | $1k | - | 24 Month CD | |
| 1.35% | $1k | - | 18 Month CD | |
| 1.00% | $1k | - | 12 Month CD | |
| 0.75% | $1k | - | 9 Month CD | |
| 0.50% | $1k | - | 6 Month CD |
Locations
| Methuen Co-operative Bank Locations | ||
|---|---|---|
| Methuen Co-Operative Bank | 243 Broadway | Methuen, MA 01844 |