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Reading Cooperative Bank


Overview / Commentary
readingcoop.com
781-942-5000
180 Haven Street
Reading, MA 01867

Reading Cooperative Bank is headquartered in Reading and is the 67th largest bank in the state of Massachusetts. It is also the 1,352nd largest bank in the nation. It was established in 1886 and as of March of 2021, it had grown to 74 employees at 8 locations. Reading Cooperative Bank has an A health rating.

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Health
A

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26620
Year Established1886
Employees74
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD8.13%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$659.3MM$618.8MM
LoansQ1 2021vs Q1 2020$489.0MM$471.1MM
DepositsQ1 2021vs Q1 2020$579.9MM$508.1MM
Equity CapitalQ1 2021vs Q1 2020$58.9MM$55.7MM
Loan Loss AllowanceQ1 2021vs Q1 2020$3.5MM$3.0MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$1.0MM$310.00K
Real Estate OwnedQ1 2021vs Q1 2020$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.

Reading Cooperative Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Health Savings Account
0.01%$10-Green Online Savings
0.01%$10-Online Christmas Savings
0.01%$10-Online Vacation Savings
0.01%$10-Passbook Savings
0.01%$10-Student Passbook Savings
0.01%$10-Student Statement Savings
0.01%$10-Statement Savings

Reading Cooperative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Money Market Deposit Account
OTHER TIERS: 0.05% → Up to $100k

Reading Cooperative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-5 Year CD
0.35%$500-4 Year CD
0.30%$500-3 Year CD
0.20%$500-2 Year CD
0.15%$500-1 Year CD
0.10%$500-6 Month CD

Reading Cooperative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-5 Year IRA
0.35%$500-4 Year IRA
0.30%$500-3 Year IRA
0.20%$500-2 Year IRA
0.15%$500-1 Year IRA
0.10%$500-6 Month IRA
Locations


Reading Cooperative Bank Locations
Burlington Office Branch10 Wall StreetBurlington, MA 01803
North Reading Branch170 Park StreetNorth Reading, MA 01864
Andover Branch18-20 Central StreetAndover, MA 01810
Reading Co-Operative Bank180 Haven StreetReading, MA 01867
Lowell Street Wilmington Branch230 Lowell StreetWilmington, MA 01887
Wilmington Branch352 Middlesex AvenueWilmington, MA 01887
Reading Memorial High School Branch62 Oakland RoadReading, MA 01867
Nemt Branch100 Hemlock RoadWakefield, MA 01880

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