Bank · FDIC insured
Reading Cooperative Bank
Top CarrotA $1.2B bank headquartered in Reading, MA, with 13 branches in Massachusetts. Best rates: CDs 4.20% and savings 3.00% APY.
Reading Cooperative Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 87% of U.S. banks and credit unions
#16 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Reading Cooperative Bank
Established in 1886, Reading Cooperative Bank was founded with a mission to enable the average workingman to purchase a home.
Reading Cooperative Bank is a customer-owned cooperative bank serving cities and towns across Essex and Middlesex Counties.
- Headquarters
- 180 Haven St, Reading, MA 01867
- FDIC certificate
- 26620 ↗
Branches
13 branches in Massachusetts
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Massachusetts
13 branches
- Reading Co-operative BankMain office180 Haven St, Reading, MA 01867Directions
- Andover Branch18-20 Central St, Andover, MA 01810Directions
- Burlington Office Branch10 Wall St, Burlington, MA 01803Directions
- Reading Cooperative Bank Branch215 Canal St, Lawrence, MA 01840Directions
- Lynn Branch400 Broadway, Lynn, MA 01904Directions
- Lynnfield Branch596 Main St, Lynnfield, MA 01940Directions
- Melrose Branch526 Main St, Melrose, MA 02176Directions
- Nahant Branch28 Nahant Rd, Nahant, MA 01908Directions
- North Reading Branch170 Park St, North Reading, MA 01864Directions
- Reading Memorial High School Branch62 Oakland Rd, Reading, MA 01867Directions
- Nemt Branch100 Hemlock Rd, Wakefield, MA 01880Directions
- Wakefield Branch342 Main St, Wakefield, MA 01880Directions
- Wilmington Branch352 Middlesex Ave, Wilmington, MA 01887Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 7.35% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.06% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.42% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $95 | $88 | — |
- CapitalLeverage ratio7.35%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.06%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.42%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$95Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Reading Cooperative Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.