Mechanics Cooperative Bank

Bank · Taunton, United States · overall 5.9 / 10

How this 5.9 is built

Average of 6 scored needs: 5.9. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

Mechanics Cooperative Bank is recorded in the global register as a bank in Taunton, United States. The register shows its licence as licensed. Total assets 0.90 bn USD at 2026-06-30. It reports 11 offices. Established 1877. Collected from open registers.

On its own website: “Since 1877 Mechanics Cooperative Bank has provided personal & business banking based on principles of systematic saving, accessible lending, & community support”

Legal name: Mechanics Cooperative Bank
Licence confirmed: yes, on a regulator's own list
Established: 1877
LEI: 549300BOX0L2YKKXKO38
Website: mechanics.bank

Scores, 0 to 10

8.0Financial strength & stability

· source

7.5Lowest fees

The bank's own page states no monthly account fee. The ceiling here is 7.5 and not 10 because transfer and card prices were not read on that page. It reads: “No monthly service fees” · source

6.0United States

Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source

5.5Cross-border payments, FX and multi-currency accounts

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Best interest on business balances

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Trade, manufacturing & import-export

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

4.5Fast digital onboarding

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.