Overview / Commentary
The Cooperative Bank is headquartered in Roslindale and is the 83rd largest bank in the state of Massachusetts. It is also the 1,661st largest bank in the nation. It was established in 1898 and as of December of 2018, it had grown to 61 employees at 3 locations. The Cooperative Bank's CD rates are 96% higher than the national average, and it has an A health rating.
Health
A
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26922 |
| Year Established | 1898 |
| Employees | 61 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 5.74% |
| Annual Interest Income | $15.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $421.5MM$392.2MM |
| Loans | Q4 2018vs Q4 2017 | $344.2MM$311.8MM |
| Deposits | Q4 2018vs Q4 2017 | $332.1MM$322.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $39.9MM$38.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $2.8MM$2.4MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.4MM$1.3MM |
| Real Estate Owned | Q4 2018vs Q4 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.
The Cooperative Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | - | $2k | eLife Savings | ||
| OTHER TIERS: 0.10% → $2k+ | |||||
| 0.05% | $10 | - | Statement Savings Account | ||
The Cooperative Bank Money Market Rates
The Cooperative Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $500 | - | Relationship Checking Account | |
| 0.05% | $500 | - | Preferred NOW Account |
The Cooperative Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $2.5k | - | 6 Month CD | |
| 2.02% | $1k | - | 60 Month CD | |
| 1.76% | $1k | - | 12 Month CD | |
| 1.76% | $1k | - | 24 Month CD | |
| 1.76% | $1k | - | 36 Month CD |
The Cooperative Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $2.5k | - | 6 Month IRA | |
| 2.02% | $1k | - | 60 Month IRA | |
| 1.76% | $1k | - | 12 Month IRA | |
| 1.76% | $1k | - | 24 Month IRA | |
| 1.76% | $1k | - | 36 Month IRA |
Locations
| The Cooperative Bank Locations | ||
|---|---|---|
| Charlestown Branch | 201 Main Street | Charlestown, MA 02129 |
| West Roxbury Branch | 36 Springs Street | West Roxbury, MA 02132 |
| The Cooperative Bank | 40 Belgrade Avenue | Roslindale, MA 02131 |