Methuen Co-operative Bank
LOCATIONS
1
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HEALTH RATING
B+
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CURRENT TOP RATE
2.50% APY
48 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.50% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 0.10% | Savings | 2.00% - Ally Bank Online Savings Account |
| 2.50% | 4-year CD | 2.85% - Barclays 48 Month Online CD |
Overview / Commentary
Methuen Co-operative Bank is headquartered in Methuen and is the 118th largest bank in the state of Massachusetts. It is also the 4,251st largest bank in the nation. It was established in 1923 and as of September of 2018, it had grown to 17 employees at 1 location. Methuen Co-operative Bank's CD rates are 67% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q3 2018
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 | 17 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 2.52% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $93.8MM$90.9MM |
| Loans | Q3 2018vs Q3 2017 | $53.0MM$56.0MM |
| Deposits | Q3 2018vs Q3 2017 | $84.3MM$81.4MM |
| Equity Capital | Q3 2018vs Q3 2017 | $9.5MM$9.3MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $609.00K$615.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $995.00K$989.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $0$0 |
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 |
|---|---|---|---|---|
| 2.50% | $1k | - | 48 Month CD | |
| 2.35% | $1k | - | 24 Month CD | |
| 2.25% | $1k | - | 36 Month CD | |
| 1.75% | $1k | - | 18 Month CD | |
| 1.50% | $1k | - | 12 Month CD | |
| 0.85% | $1k | - | 9 Month CD | |
| 0.75% | $1k | - | 6 Month CD |
Locations
| Methuen Co-operative Bank Locations | ||
|---|---|---|
| Methuen Co-Operative Bank | 243 Broadway | Methuen, MA 01844 |