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# Mechanics Cooperative Bank

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## Posts

- [Blog](https://mechanics.bank/community-news/blog/) - Stay informed and inspired with the latest tips and insights from Mechanics Cooperative Bank
- [A Guide to Preparing for Tax Season](https://mechanics.bank/a-guide-to-preparing-for-tax-season/) - Tax season can be a stressful time for many individuals and small businesses. Gathering all the necessary information for filing can be daunting all on its own, but with the right preparations in place, the process doesn’t have to be so overwhelming. Check out this complete guide to preparing for the incoming tax season! 
- [Choosing the Right Savings Account for Your Goals](https://mechanics.bank/choosing-the-right-savings-account-for-your-goals/) - There’s never a bad time to start working toward your savings goals! With a wide range of Savings Account options available, it can be challenging to determine which type of account is right for you. Different savings accounts come with various benefits designed to serve account holders with their short- and long-term savings goals. Check
- [Protecting Your Money with a Financial Institution with Deposit Insurance](https://mechanics.bank/protecting-your-money-with-a-financial-institution-with-deposit-insurance/) - We want to ensure our customers have a strong knowledge of their deposit security with Mechanics Cooperative Bank. We are proud to be a member of both the FDIC (Federal Deposit Insurance Corporation) and DIF (Deposit Insurance Fund), automatically providing our customers coverage on 100% of their deposits with us. Learn more about what this
- [The Ultimate Guide to Navigating the Home Buying Process](https://mechanics.bank/the-ultimate-guide-to-navigating-the-home-buying-process/) - Buying a home is one of the most significant financial decisions that you will make in your lifetime. Whether you're a first-time homebuyer or a seasoned pro, it's essential to approach the process with a solid plan in place. Get Pre-Approved if Possible Get pre-approved for a mortgage if you can! A lender will assess
- [Marriage & Money: Say “I Do” to Financial Wellness](https://mechanics.bank/marriage-money-say-i-do-to-financial-wellness/) - Marriage is an exciting milestone and the beginning of building your life together. Amidst all the excitement, the topic of money is often overlooked. Finances can be a source of stress in a new marriage, which is why it's essential to start on the right path when it comes to money matters. Here are a
- [The Benefits of Banking Locally](https://mechanics.bank/the-benefits-of-banking-locally/) - With a multinational bank on almost every corner these days, you have a large selection of financial institutions to choose from. Those big banks have lots of money to throw into advertising campaigns to grab your attention. But let’s be honest, big banks are kind of like a box of chocolates: you never know what
- [Navigating the SBA Loan Application Process](https://mechanics.bank/navigating-the-sba-loan-application-process/) - Small Business Administration (SBA) loans are a valuable source of financing for small businesses! They provide access to capital, favorable interest rates, and flexible repayment terms. However, the application process can be complex and overwhelming for many small business owners. Navigate the process from eligibility to submission and everything in between with these steps!
- [How Digital & Mobile Banking Can Help You Manage Finances](https://mechanics.bank/how-digital-mobile-banking-can-help-you-manage-finances/) - Budgeting is a critical aspect of maintaining a healthy financial life, but for many, it can be overwhelming and tedious. Surprisingly, a recent study revealed that 57% of the younger generations stress over the very idea of budgeting. But what if budgeting could be made simple and, dare I say, enjoyable? Let’s explore how digital
- [Autumn Home Improvement & Maintenance Tips](https://mechanics.bank/autumn-home-improvement-maintenance-tips/) - As the leaves start to turn vibrant shades of red and gold and the air takes on a distinct crispness, it's clear that autumn has arrived. This season brings more than just picturesque landscapes and pumpkin-spiced everything; it's also a critical time for homeowners. With colder months on the horizon, preparing your home for the
- [‘Tis the Season for a Seamless Banking Experience!](https://mechanics.bank/tis-the-season-for-a-seamless-banking-experience/) - Did you know that during the holiday season, digital banking usage skyrockets? It's no surprise – as the festivities unfold, the convenience of digital banking becomes a true gift. Let's unwrap the top three reasons why mobile banking is your secret to success this holiday season! Convenient and Personalized Banking at Your Fingertips In the
- [Gift Yourself Growth: A Guide to SBA Loan Programs](https://mechanics.bank/gift-yourself-growth-a-guide-to-sba-loan-programs/) - What Are SBA Loans? SBA Loans, or Small Business Administration Loans, are government-backed financial tools designed to support and empower small businesses. These loans provide entrepreneurs with access to capital they might not otherwise obtain through traditional financing channels. The U.S. Small Business Administration guarantees a portion of the loan, reducing the risk for lenders
- [Financial Wellness: A New Year, A Healthier Financial You](https://mechanics.bank/financial-wellness-a-new-year-a-healthier-financial-you/) - Did you know that your financial well-being can affect your physical well-being? Factors like stress, depression, and poor decision-making can all be evidence of dwindling financial wellness as well as physical. As we stand on the cusp of a new year, the canvas of financial opportunities awaits, and the choice is yours! Join us as
- [Organized Spoofing Fraud Attack Scams](https://mechanics.bank/organized-spoofing-fraud-attack-scams/) - Please be aware of attempts to fraudulently impersonate Mechanics Cooperative Bank’s fraud response, using “spoofed” phone numbers for calls and texts which are made to appear to be from Mechanics Cooperative Bank. Mechanics Cooperative Bank will NEVER call, text, or email you, asking you to verify or provide specific personal or account information. Be cautious
- [Fraud Alert - Tax Season, Telephone Banking and Spring Cleaning](https://mechanics.bank/fraud-alert-tax-season-telephone-banking-and-spring-cleaning/) - With tax season entering its final stretch, concerns have risen about customer information being exposed through tax preparation offices in local communities. As you know, tax returns contain a wealth of nonpublic personal information (NPPI) including first and last name, home mailing address as well as social security numbers for tax filers. This information can
- [Ready to Achieve Your Savings Goals?](https://mechanics.bank/ready-to-achieve-your-savings-goals/) - Did you know that nearly half the population in America either struggles to save or has no savings at all? Having a rainy-day fund is always a good investment on your part, so how can you reach your savings goals? Let’s look at some best practices you can implement to help take your savings to
- [Navigating Finances Together: Financial Tips for Couples](https://mechanics.bank/navigating-finances-together-financial-tips-for-couples/) - Marriage and committed relationships bring joy, shared dreams, and goals. With this also comes the responsibility of managing finances together. Effective financial management is crucial for building a solid foundation. Navigating finances together as a couple can be a rewarding journey with the right approach. Couples can achieve excellent financial stability and build a prosperous
- [Empowering Small Businesses: Comprehensive Business Banking & Lending Services](https://mechanics.bank/empowering-small-businesses-comprehensive-business-banking-lending-services/) - Small businesses are crucial to local economies as they drive innovation, create jobs, and contribute to vibrant communities. However, financial obstacles often mark the path to success for these enterprises. From managing day-to-day expenses to securing funding for expansion, navigating the economic landscape can be overwhelming. This is where Mechanics Cooperative Bank comes in, not
- [Organized Fraud Attack Scams](https://mechanics.bank/organized-fraud-attack-scams/) - [et_pb_section fb_built="1" admin_label="section" _builder_version="4.16" global_colors_info="{}"][et_pb_row admin_label="row" _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text admin_label="Text" _builder_version="4.27.4" background_size="initial" background_position="top_left" background_repeat="repeat" hover_enabled="0" global_colors_info="{}" sticky_enabled="0"]Please be aware of an organized scam attempt to fraudulently impersonate our fraud response system, using “spoofed” phone numbers for calls and texts which are made to appear to be from Mechanics
- [MA E-ZPass Toll Scam](https://mechanics.bank/ma-e-zpass-toll-scam/) - Beware of Toll-Related Scams! At Mechanics Cooperative Bank, your security is our top priority. We want to inform you about a recent scam disguised as the Mass Department of Transportation (MassDOT). These messages claim there is an issue with your account, such as unpaid tolls/or the need to update your payment information. The message may
- [Protecting Yourself from Mail & Check Fraud](https://mechanics.bank/protecting-yourself-from-mail-check-fraud/) - As check fraud continues to rise, particularly with mail theft from standalone USPS mailboxes, it’s important to take a proactive approach in protecting your financial information. Here are some essential tips to help keep you safe: Visit your local post office – Standalone mailboxes can be an easy target for thieves. Consider visiting your local
- [Local Skimming Alert](https://mechanics.bank/local-skimming-alert/) - We are aware of recent reports regarding card skimmers discovered at local grocery stores within our area. As a reminder, we encourage you to regularly check your account statements and take advantage of our FREE Internet & Mobile Banking platforms as well as our Alerts and My Cards feature. Alerts: Utilize our account Alert system
- [Protecting Your Business From Check Fraud](https://mechanics.bank/protecting-your-business-from-check-fraud/) - As a business owner, it is important to protect you and your accounts against fraud. One popular scheme, is check fraud. You could be the target of a check fraud scheme if your business has experienced things like having your checks stolen or altered, unauthorized withdrawals, counterfeit checks using your account information, and more. Business
- [Avoiding Money Mule Scams](https://mechanics.bank/avoiding-money-mule-scams/) - What’s a Money Mule? A money mule is someone who criminals use to transfer and launder illegally acquired money. Criminals could target you through online jobs ads, social media, dating websites, or investment opportunities. Being a money mule can have serious consequences, not only could you lose your money, but you could be considered an
- [Summer Money Moves: Smart Financial Habits to Keep Your Budget on Track](https://mechanics.bank/summer-money-moves-smart-financial-habits-to-keep-your-budget-on-track/) - Summer is the season of sunshine, road trips, and backyard barbecues. But it can also come with extra expenses that add up quickly. Between vacations, higher energy bills, and spontaneous plans with friends or family, it’s easy to let your budget slip. With a few smart habits and tools, you can enjoy the season while
- [Parent Companies of MountainOne Bank and Mechanics Cooperative Bank Enter Agreement To Merge Into A Combined Mutual Holding Company](https://mechanics.bank/parent-companies-of-mountainone-bank-and-mechanics-cooperative-bank-enter-agreement-to-merge-into-a-combined-mutual-holding-company/) - [et_pb_section fb_built="1" admin_label="section" _builder_version="4.16" global_colors_info="{}"][et_pb_row admin_label="row" _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text admin_label="Text" _builder_version="4.27.4" background_size="initial" background_position="top_left" background_repeat="repeat" hover_enabled="0" global_colors_info="{}" sticky_enabled="0"] MountainOne Bank and Mechanics Cooperative Bank to Continue to Operate Independently; Retain Existing Names and Brands NORTH ADAMS, MA and TAUNTON, MA, March 25, 2025 – MountainOne Financial, MHC, the
- [How to Build a Safety Net for Life’s Unexpected Breakdowns](https://mechanics.bank/how-to-build-a-safety-net-for-lifes-unexpected-breakdowns/) - Picture this. You’re heading out the door for work, and your car will not start. The mechanic tells you the repair will cost hundreds of dollars, and just like that your monthly budget is in trouble. Whether it is a car issue, a broken appliance, or another sudden expense, unexpected breakdowns are a part of
- [Mechanics Cooperative Bank Awards Scholarships to 12 Local Students!](https://mechanics.bank/mechanics-cooperative-bank-awards-scholarships-to-12-local-students/) - [et_pb_section fb_built="1" _builder_version="4.16" global_colors_info="{}"][et_pb_row _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"]TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is once again proud to announce the recipients of their annual Scholarship Awards! The Mechanics Cooperative Bank scholarship program was created to support and recognize outstanding academic achievements, leadership qualities, and community
- [Understanding Credit Scores and Why They Matter](https://mechanics.bank/understanding-credit-scores-and-why-they-matter/) - [et_pb_section fb_built="1" _builder_version="4.16" global_colors_info="{}" custom_padding="0px|||||"][et_pb_row _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text _builder_version="4.27.4" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"]Your credit score plays a major role in your financial life, yet many people don’t fully understand what goes into it. Whether you are applying for a mortgage, financing a car, or setting up utilities, your
- [Celebrate 5 Years with our Special 5-Month CD](https://mechanics.bank/celebrate-5-years-with-our-special-5-month-cd/) - We’re celebrating 5 years in New Bedford – to say thank you, we’re offering a special 5-Month Certificate of Deposit (CD). This limited-time CD is designed to honor our milestone while giving your savings a boost. It’s simple, secure, and the perfect way to grow your money in just a few months. 5-5-5 CD Special
- [Get Ahead of Holiday Spending: How to Build a Stress-Free Budget Now](https://mechanics.bank/get-ahead-of-holiday-spending-how-to-build-a-stress-free-budget-now/) - [et_pb_section fb_built="1" _builder_version="4.16" global_colors_info="{}"][et_pb_row _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}" custom_padding="0px|||||"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"] The holiday season is right around the corner, and with it comes the joy and the expenses that often sneak up faster than we expect. Between gifts, travel, food, and festive activities, it’s easy for
- [Home for the Holidays: Preparing Your Budget for Travel and Gatherings](https://mechanics.bank/home-for-the-holidays-preparing-your-budget-for-travel-and-gatherings/) - [et_pb_section fb_built="1" _builder_version="4.16" global_colors_info="{}"][et_pb_row _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" custom_padding="0px|||||" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text _builder_version="4.27.4" background_size="initial" background_position="top_left" background_repeat="repeat" hover_enabled="0" global_colors_info="{}" sticky_enabled="0"]The holiday season is a special time to reconnect with family and friends, but it often comes with extra expenses that can sneak up fast. From travel costs to hosting gatherings and buying gifts,
- [Mechanics Cooperative Bank Funds Town of Dighton Microwave Communication Upgrades!](https://mechanics.bank/mechanics-cooperative-bank-funds-town-of-dighton-microwave-communication-upgrades/) - [et_pb_section fb_built="1" _builder_version="4.16" global_colors_info="{}"][et_pb_row _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.16" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text _builder_version="4.16" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"]TAUNTON, MASSACHUSETTS – [November 20, 2025] – Mechanics Cooperative Bank is proud to announce its support of critical public-safety infrastructure upgrades for the Town of Dighton, funding the full installation of new microwave communication equipment designed to
- [Mechanics Cooperative Bank Funds Custom Wraps for PRIDE Inc. Transportation Vans](https://mechanics.bank/mechanics-cooperative-bank-funds-custom-wraps-for-pride-inc-transportation-vans/) - Mechanics Cooperative Bank is proud to announce its support of PRIDE Inc. through the full funding of custom wraps for two of the organization’s transportation vans.
- [New Year, Fresh Finances: Setting Goals for a Strong Financial Start in 2026](https://mechanics.bank/new-year-fresh-finances-setting-goals-for-a-strong-financial-start-in-2026/) - Mechanics Cooperative Bank is proud to announce its support of PRIDE Inc. through the full funding of custom wraps for two of the organization’s transportation vans.
- [Parent Companies of MountainOne Bank and Mechanics Cooperative Bank Receive Regulatory Approvals to Merge](https://mechanics.bank/parent-companies-of-mountainone-bank-and-mechanics-cooperative-bank-receive-regulatory-approvals-to-merge/) - Merger Scheduled for January 1, 2026; MountainOne Bank and Mechanics Cooperative Bank to Continue to Operate Independently, Retain Existing Names and Brands
- [Say Goodbye to the Penny](https://mechanics.bank/say-goodbye-to-the-penny/) - Mechanics Cooperative Bank is proud to announce its support of PRIDE Inc. through the full funding of custom wraps for two of the organization’s transportation vans.
- [2026 Financial Checklists](https://mechanics.bank/checklists/) - Mechanics Cooperative Bank is proud to announce its support of PRIDE Inc. through the full funding of custom wraps for two of the organization’s transportation vans.
- [Financial Strategies for Small Businesses in 2026](https://mechanics.bank/financial-strategies-for-small-businesses-in-2026/) - Looking ahead to 2026, smart financial habits, careful planning, and the right tools can make a real difference for your business.
- [Mechanics Cooperative Bank Employees Dress-Down to Raise $20,000 for Local Nonprofits!](https://mechanics.bank/mechanics-cooperative-bank-employees-dress-down-to-raise-20000-for-local-nonprofits/) - TAUNTON, MASSACHUSETTS – [February 6, 2026] – The 6th Annual “Jeans for Charity” fundraiser was another tremendous success in 2025! Mechanics Cooperative Bank employees who enrolled in the Jeans for Charity program were allowed to wear jeans each Friday and Saturday throughout the year in exchange for a small charitable contribution via payroll deduction. In
- [Mechanics Cooperative Bank Hires Edward Petras as Vice President, Commercial Lending](https://mechanics.bank/mechanics-cooperative-bank-hires-edward-petras-as-vice-president-commercial-lending/) - Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are proud to announce the appointmentof Edward Petras as Vice President, Commercial Lending. The Bank is proud to welcome Mr. Petras and excited to add his wealth of experience, knowledge and business development skills to our team. President and CEO of Mechanics Cooperative Bank, Joseph
- [Mechanics Cooperative Bank Launches Community Grant Program In Support of Local Non-profits with $25k in Prizes!](https://mechanics.bank/mechanics-cooperative-bank-launches-community-grant-program-in-support-of-local-non-profits-with-25k-in-prizes/) - Taunton, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce the launch of our new Community Grant Program! Mechanics Cooperative Bank, as part of their annual 10% Net Income Pledge, will be donating $25,000 to local non-profit organizations and we want you to decide who gets it! Now,
- [Mechanics Cooperative Bank Donates $2,500 to Coyle & Cassidy High School Food Pantry](https://mechanics.bank/mechanics-cooperative-bank-donates-2500-to-coyle-cassidy-high-school-food-pantry/) - TAUNTON, MA: Mechanics Cooperative Bank’s Board of Directors and Executive Leadership Team are proud to announce a donation totaling $2,500 to the Coyle & Cassidy High School Food Pantry this winter season.Mechanics Cooperative Bank President and CEO Joseph T. Baptista Jr. commented on “how important it is, especially at this time of year, to remember
- [Mechanics Cooperative Bank Supports the Salvation Army this Winter Season](https://mechanics.bank/mechanics-cooperative-bank-supports-the-salvation-army-this-winter-season/) - Fall River, MA: Mechanics Cooperative Bank is proud to announce a donation of $2,500 to the Salvation Army in direct support of their food pantry and the thousands of families that receive these services every year. As we’ve come to expect during the cold winter season, we see the large line of local Fall River
- [Mechanics Cooperative Bank and the Fall River United Way Partner to  Support Fuel Assistance & Food Pantries this Winter Season](https://mechanics.bank/mechanics-cooperative-bank-and-the-fall-river-united-way-partner-to-support-fuel-assistance-food-pantries-this-winter-season-2/) - Fall River, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce their $10,000 donation in support of the Fall River United Way and their fuel/food assistance program to help those local families in need. The $10,000 donation will help support the Fall River United Way and some of
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- [Taunton YMCA Partners with Mechanics Cooperative Bank for the  2015 Annual Capital Campaign!](https://mechanics.bank/taunton-ymca-partners-with-mechanics-cooperative-bank-for-the-2015-annual-capital-campaign/) - Taunton, MA – As a proud community partner Mechanics Cooperative Bank has committed $5,000 in 2015 to the Taunton YMCA. In addition to the $5,000 corporate contribution, Mechanics Cooperative Bank Assistant Vice President and Loan Servicing Manager, and Taunton YMCA Board Member Kelly O’Connor, was the Team Captain for the individual fundraising campaign! Team Mechanics,
- [Saint Vincent's Announces 2015 Summer Celebration Title Sponsor - 7th Annual Summer Celebration Presented by Mechanics Cooperative Bank!](https://mechanics.bank/saint-vincents-announces-2015-summer-celebration-title-sponsor-7th-annual-summer-celebration-presented-by-mechanics-cooperative-bank/) - FALL RIVER, MA – Saint Vincent’s Executive Director, John T. Weldon, is pleased to announce Mechanics Cooperative Bank as the Presenting Sponsor of the Annual Kick-Off to Summer Celebration for the 7th year. The one-of-a-kind Summer Celebration will be held on Friday, June 26th from 6PM to 11PM on the deck of the Battleship Massachusetts,
- [Which of the Massachusetts Banks Is the Right Mortgage Lender for You?](https://mechanics.bank/which-of-the-massachusetts-banks-is-the-right-mortgage-lender-for-you/) - Buying a home for the first time is one of the biggest purchase decisions to make. There are many options available, and getting bombarded with mortgage information can be overwhelming. However, you need to make sure you are making the right decision, as it will affect your finances for years to come. No pressure, right?
- [3 Mortgage Rate Watch Tips for First Time Home Buyers](https://mechanics.bank/3-mortgage-rate-watch-tips-for-first-time-home-buyers/) - First time home buyers face a variety of items to research to be properly educated on the mortgage process. A key component of this is mortgage rate watch. It's vital for any home buyer to attain a working knowledge of mortgage rates and how they can relate to a particular loan.Mortgage rates fluctuate based on
- [Homebuyer Education: Frequently Asked Questions](https://mechanics.bank/homebuyer-education-frequently-asked-questions/) - Homebuyer education is extremely important for first time homebuyers, as purchasing a home is an exciting yet complicated process. If you are a first time homebuyer, you most likely have questions about the home buying process and obtaining a mortgage. Below are some of the most frequently asked questions that first time homebuyers have about
- [Sample Gift Letter for a Mortgage Down Payment](https://mechanics.bank/sample-gift-letter-for-a-mortgage-down-payment/) - If you are planning to purchase a home in the near future and need money from a family member to help cover the down payment, you may need to write a gift letter. Money gifts for mortgage down payments are very common; however, having a letter that documents the gift for your lender is essential.
- [Local Mortgage Lenders Can Help Meet Your Needs](https://mechanics.bank/local-mortgage-lenders-can-help-meet-your-needs/) - If you are in the market to purchase your first home, or have found your dream home but need financing, you need to find a mortgage lender that can help identify the right mortgage product for you. Although much emphasis is put on finding the right mortgage, it is also extremely important to choose the
- [First Time Home Buyer Education & Tips](https://mechanics.bank/first-time-home-buyer-education-tips/) - Buying your first home is an exciting journey! However, it is important to remember that if you are buying a home for the first time, you are about to make an important financial decision and investment. Purchasing a home can be a great way to invest your money, but educating yourself on the home buying
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- [Mechanics Cooperative Bank Appoints Rachel Barrett as  Senior Vice President, Chief Credit Officer](https://mechanics.bank/mechanics-cooperative-bank-appoints-rachel-barrett-as-senior-vice-president-chief-credit-officer/) - Taunton, MA: Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are proud to announce the appointment of Rachel Barrett as Senior Vice President, Chief Credit Officer. The Chief Credit Officer for Mechanics Cooperative Bank is responsible for the day-to-day oversight and administration of the Bank’s loan portfolio including policies and procedures to ensure
- [PRIDE Inc. Receives New Transport Van from Mechanics Cooperative Bank!](https://mechanics.bank/pride-inc-receives-new-transport-van-from-mechanics-cooperative-bank/) - Taunton, MA: Mechanics Cooperative Bank is once again proud to support our local community with a $26,000 charitable gift to PRIDE Inc. (Preparatory Rehabilitation for Individual Development and Employment, Inc.), for the purchase of a brand new transport van in support of their Community Employment and Placement Program. Employment specialists at PRIDE work step-by-step with
- [First Time Home Buyer Education Series: Advantages of Pre-Qualifying for a Mortgage](https://mechanics.bank/first-time-home-buyer-education-series-advantages-of-pre-qualifying-for-a-mortgage/) - If you are one of the many people entering the housing market in the next few months, it's smart that you are reading this in order to familiarize yourself with the home buying process. First time home buyer education empowers you and your family to engage in the experience with knowledge and confidence.Before you jump
- [The New Bedford Real Estate Market: The Time is Now!](https://mechanics.bank/the-new-bedford-real-estate-market-the-time-is-now/) - New Bedford is a city in Bristol County, Massachusetts that is a great place to live. When it comes to real estate, it is fit to say that the New Bedford real estate market provides plenty of opportunities for people from all walks of life, be it first time buyers or others. Now may be
- [6 Ways to Make Saving for a Home Easy!](https://mechanics.bank/6-ways-to-make-saving-for-a-home-easy/) - If you are planning on buying a home in the next two years, saving is high on your priority list. But where do you find the cash? Check out these 6 ways to make saving for a home easy!Get everyone on board. Saving is easier if all family members participate. If you're married, discuss the
- [5 Ways Online Homebuyer Education Empowers You to Make the Best Decision](https://mechanics.bank/5-ways-online-homebuyer-education-empowers-you-to-make-the-best-decision/) - The positive impact first time home buyer education has on the purchasing decision can be profound. It can be the difference between ending up in a nice home with a mortgage you can afford, or making a bad decision that results in a house that doesn't fit your needs, or worse, a payment you can't
- [First Time Home Buyer Down Payment FAQs](https://mechanics.bank/first-time-home-buyer-down-payment-faqs/) - Being a first time home buyer is quite exciting; however, the process can get overwhelming at times. One of the most important parts of purchasing a home is being able to provide a down payment on a mortgage to finance your first home. With many first time home buyers trying to figure out what exactly
- [4 Questions that Help First Time Home Buyers Choose the Best Mortgage Lenders](https://mechanics.bank/4-questions-that-help-first-time-home-buyers-choose-the-best-mortgage-lenders/) - If you’re looking to purchase your first home, first time home buyer education is critical to reaching a good decision and ending up with the home you desire. A key aspect of home buying that sets the tone for the entire process is choosing a good bank/mortgage lender to work with.Choosing a mortgage lender can
- [3 Benefits of Private Mortgage Insurance](https://mechanics.bank/3-benefits-of-private-mortgage-insurance/) - Home ownership is a goal that many people look forward to reaching; however, purchasing a home is expensive. Even with financing from a financial institution, you must be able to provide a sizable down payment to be approved for a mortgage. Many lenders require a 20% down payment on a mortgage, which can be unrealistic
- [4 Steps to Prepare Yourself for the Home Buying Process](https://mechanics.bank/4-steps-to-prepare-yourself-for-the-home-buying-process/) - It is everyone’s dream to own a home in their lifetime; in fact, buying a home is a significant achievement for many. For a first time home buyer, the process is exciting yet can also be overwhelming and stressful without the proper education and guidance. Below are 4 steps that will help you prepare for
- [Mechanics Cooperative Bank Pledges 10% of Annual Net Income in Support of Local Non-Profits](https://mechanics.bank/mechanics-cooperative-bank-pledges-10-of-annual-net-income-in-support-of-local-non-profits/) - TAUNTON, MA: Mechanics Cooperative Bank’s Board of Directors and Executive Leadership Team are excited to announce their continued pledge to support our local communities. Mechanics Cooperative Bank will continue to donate at least ten percent (10%) of their annual net income to local non-profit organizations. These funds will have a positive impact on the local
- [The Ultimate Checklist for Buying Your First Home!](https://mechanics.bank/the-ultimate-checklist-for-buying-your-first-home/) - Taking the plunge into home ownership is extremely rewarding; however, it can also be a bit scary. From tons of decisions clamoring for your attention, to unfamiliar jargon and processes, it's easy to feel overwhelmed. Add some peace to the process of buying your first home by using our ultimate buyer checklist! Analyze your budget.
- [Purchasing Your New Home in the Taunton Real Estate Market](https://mechanics.bank/purchasing-your-new-home-in-the-taunton-real-estate-market/) - Taunton, Massachusetts is a beautiful city nestled in Bristol County, just 40 miles outside of Boston. Taunton is settled on the Taunton River, which streams its way through the town until it hits Mount Hope Bay. With a wealth of schools, town activities, and the suburban feel, Taunton is a great choice if you are
- [First Time Home Buyer Education: Don’t Get Blindsided by Closing & Other Costs](https://mechanics.bank/first-time-home-buyer-education-dont-get-blindsided-by-closing-other-costs/) - The final step in the complex home buying process is closing on a home. Even if you have gotten pre-qualified for the mortgage, found the home you wish to own, and negotiated and agreed upon all aspects of the sale, the deal can unfortunately still fall apart during the closing process. This is why participating
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- [First Time Home Buyer Education: Putting In an Offer](https://mechanics.bank/first-time-home-buyer-education-putting-in-an-offer/) - You have read all about first time home buyer education topics, found an experienced realtor, are pre-qualified, and found a house within your budget that suits your family's needs. You may feel like the hard part is behind you.Now you have to tackle the process of making an offer.While this sounds simple and straightforward, there
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- [First Time Home Buyer Education Series: What to Look for In a Home](https://mechanics.bank/first-time-home-buyer-education-series-what-to-look-for-in-a-home/) - If you've never gone through the process of purchasing a home before, you may not know where to start. Fortunately, choosing the home of your dreams isn't as difficult or as stressful as it sounds. However, you need to be willing to conduct plenty of research and learn as you go. Here are a few
- [First Time Home Buyer Education Series: Preparing For the Real Estate Market](https://mechanics.bank/first-time-home-buyer-education-series-preparing-for-the-real-estate-market/) - Deciding on the right house for you, whether it's your first or tenth, is an enormous decision. Multiple factors drive the selection process, creating much stress and second guessing. First time home buyer education arms purchasers with vital knowledge that helps make the right decision.Here are 4 smart ways first time home buyers can prepare
- [Mechanics Cooperative Bank Awards Scholarships to Local High School Grads!](https://mechanics.bank/mechanics-cooperative-bank-awards-scholarships-to-local-high-school-grads/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is proud to announce Kate Romero of Bridgewater – Raynham Regional High School, Alice Lynch of Taunton High School, and Brian McDonald Jr. of BMC Durfee High School as the recipients of the 2015 Mechanics Cooperative Bank Scholarship Awards! The Mechanics Cooperative Bank scholarships were created to support local students
- [Mechanics Cooperative Bank Donates $15,000 to the Fall River Children's Museum!](https://mechanics.bank/mechanics-cooperative-bank-donates-15000-to-the-fall-river-childrens-museum/) - FALL RIVER, MASSACHUSETTS: Mechanics Cooperative Bank is proud to support the Fall River Children’s Museum with a $15,000 donation. This gift was used to create a new and fun activity room helping to enhance the already wonderful experience local children have at the Museum. This gift represents a significant commitment from Mechanics Cooperative Bank at
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- [Take Advantage of Fall River Real
Estate!](https://mechanics.bank/take-advantage-of-fall-river-realestate/) - Fall River, Massachusetts is a large city located along Mount Hope Bay's eastern coast in Bristol County. The city is the tenth largest in Massachusetts with a population of about 90,000 people. The city was well-known in the 19th century for its leading textile manufacturing industry, which still has an impact on the culture and
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- [The Qualities That Top Mortgage Lenders Possess](https://mechanics.bank/the-qualities-that-top-mortgage-lenders-possess/) - There is much more to finding a good mortgage lender than choosing the one closest to your current home or office. You want to be sure to choose a mortgage lender who possesses a few important qualities, which will make your mortgage experience a positive one.Personalized AttentionThe mortgage lending process can be confusing and stressful.
- [Prepare For Buying Your First Home with Online Homebuyer Education](https://mechanics.bank/prepare-for-buying-your-first-home-with-online-homebuyer-education/) - First time homebuyers who take the time to familiarize and educate themselves on the purchasing process end up making smarter, more informed decisions that suit their specific budgets and needs.Unfortunately, a variety of factors stack up to thwart first time homebuyer education. Work schedules, family obligations and distance can stand in the way of attending
- [The Most Essential Tips When Saving For a House!](https://mechanics.bank/the-most-essential-tips-when-saving-for-a-house/) - Buying a home is often one of the biggest financial investments a person makes during their lifetime, and saving for a house can be a challenge. It is important to be financially ready to invest time and money, and it begins long before keys are in hand. Putting in the effort to save for a
- [How Down Payment Assistance & PMI Can Help You Buy Your Dream Home](https://mechanics.bank/how-down-payment-assistance-pmi-can-help-you-buy-your-dream-home/) - What are Down Payment Assistance & Private Mortgage Insurance?In today’s economy and with other financial obligations, many first time homebuyers need some down payment assistance (DPA) to be approved for the mortgage they want. DPA is used to cover whatever part of your necessary 20% down payment you need for your mortgage. Mortgage lenders require
- [Why Choose Local Mortgage Lenders?](https://mechanics.bank/why-choose-local-mortgage-lenders/) - For most of today’s home buyers, it is commonplace to have to sort through the multitude of mortgage brokers, online lenders, banks, local mortgage lenders and others to find the right lender and mortgage. The thing is, how do you choose which option is right for your situation? Which lender will offer you the best
- [Do You Know What Factors Affect an Average Mortgage Payment?](https://mechanics.bank/do-you-know-what-factors-affect-an-average-mortgage-payment/) - Obviously, most first time home buyers have to take out a mortgage to pay for a new home. Early in the home buying process, smart shoppers should find and meet with a professional lender so that they can understand what mortgage, budget and monthly payments they can handle. A variety of factors determine the type
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- [A Short How-To Guide to Help You Calculate PMI](https://mechanics.bank/a-short-how-to-guide-to-help-you-calculate-pmi/) - PMI is short for Private Mortgage Insurance. PMI is usually required when you have a conventional loan and make a down payment of less than 20% of the home's purchase price. PMI is beneficial for buyers as it helps them qualify for the mortgage they need and ensures that the lender is insured in the
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- [Mechanics Cooperative Bank Employees Raise $1600 for Breast Cancer Awareness!](https://mechanics.bank/mechanics-cooperative-bank-employees-raise-1600-for-breast-cancer-awareness/) - TAUNTON, MA: Mechanics Cooperative Bank employees pooled together their ideas this month in an effort to raise funds and awareness for Breast Cancer Research and the Dana-Farber Cancer Institute. With October being Breast Cancer Awareness month, Mechanics Cooperative Bank employees designed and sold pink t-shirts featuring the breast cancer awareness ribbon as well as the
- [Mechanics Cooperative Bank Supports The Fall River Boys & Girls Club with $13,000 Gift](https://mechanics.bank/mechanics-cooperative-bank-supports-the-fall-river-boys-girls-club-with-13000-gift/) - Fall River, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to donate $13,000 in support of the Fall River Boys and Girls Club. This donation, in sponsorship of the Club’s Annual Gala and Golf Tournament, directly supported the many youth programs offered through the Fall River Boys & Girls
- [Mechanics Cooperative Bank & RDA Insurance Team Up in Support of the Salvation Army's Thanksgiving Turkey Drive!](https://mechanics.bank/mechanics-cooperative-bank-rda-insurance-team-up-in-support-of-the-salvation-armys-thanksgiving-turkey-drive/) - As we’ve come to expect during every holiday season, the Fall River Salvation Army is holding an annual turkey and food drive in support of those less fortunate in our local community. And, as we’ve come to expect in year’s past, RDA Insurance and Mechanics Cooperative Bank have committed their support to making this drive
- [Prepare Yourself for the Steps to Buy a Home](https://mechanics.bank/prepare-yourself-for-the-steps-to-buy-a-home/) - Buying a new home can be scary and confusing. However, with the help of homebuyer education, you can make the process a bit more clear and easy to navigate. If you’re looking at the steps to buy a home and feeling worried, you aren’t alone. The good news is, with a little effort and help,
- [The 8 Best Ways to Save for a House without Missing the Money](https://mechanics.bank/the-8-best-ways-to-save-for-a-house-without-missing-the-money/) - Buying a home is a smart financial move, but it packs a big financial commitment. The down payment, moving expenses, taxes and insurance and ever-present repairs take some money to make happen.It's vital that soon-to-be homeowners build a up a pretty healthy savings to reach their home ownership goal. Think you just don't have any
- [Priceless Advice for First Time Home Buyers](https://mechanics.bank/priceless-advice-for-first-time-home-buyers/) - Consumers new to the home buying process may feel a bit like Indiana Jones, in that there are potential pitfalls and treacherous traps everywhere. If you are a first time home buyer, it's imperative to arm yourself with knowledge about the process, and take certain key steps to reach the decisions that are right for
- [How to Avoid Mortgage Scams](https://mechanics.bank/how-to-avoid-mortgage-scams/) - When buying a home for the first time, there are a lot of pitfalls to avoid; and one of the biggest ones is mortgage scams. Fraud is extremely common in high value marketplaces, like housing, because the market is full of a lot of people who are not familiar with the process. Different types of
- [Looking to Buy a House? Get the 411 on Mortgage Prequalification](https://mechanics.bank/looking-to-buy-a-house-get-the-411-on-mortgage-prequalification/) - Hopeful home buyers either make moves to smooth out the multi-step process of buying a house; or they ignore taking advance action and set themselves up for a long and more complicated road to owning a home. One of the smartest moves buyers can make is getting prequalified for a mortgage.Mortgage prequalification has several benefits
- [Mechanics Cooperative Bank Announces 2015 Community Grant Program Winners!](https://mechanics.bank/mechanics-cooperative-bank-announces-2015-community-grant-program-winners/) - Taunton, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce the winners of the 1st Annual “Let’s Keep it Local! Community Grant Program!” Mechanics Cooperative Bank, as part of their annual 10% Net Income Pledge, is donating $25,000 to these local non-profit organizations who received the most votes
- [Mechanics Cooperative Bank and the Fall River United Way Partner to Support Fuel Assistance & Food Pantries this Winter Season](https://mechanics.bank/mechanics-cooperative-bank-and-the-fall-river-united-way-partner-to-support-fuel-assistance-food-pantries-this-winter-season/) - Fall River, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce their $10,000 donation in support of the Fall River United Way and their fuel/food assistance program to help those local families in need. The $10,000 donation will help support the Fall River United Way and some of
- [Mechanics Cooperative Bank Steps Up To Support The Family Services Association In Fall River](https://mechanics.bank/mechanics-cooperative-bank-steps-up-to-support-the-family-services-association-in-fall-river/) - FALL RIVER, MA: Mechanics Cooperative Bank is proud to annouce their support of Family Service Association in Fall River, MA with a $10,000 donation. These funds will go directly to benefiting the Adult Day Health (ADH) Programs Family Service Association of Fall River is committed to providing a wide array of high quality programs and
- [The Benefits of Local Mortgage Lenders for First Time Buyers](https://mechanics.bank/the-benefits-of-local-mortgage-lenders-for-first-time-buyers/) - Congratulations! You have decided to jump into the world of real estate as a first-time buyer. However, there are many twists and turns to the home buying process that you may not be aware of. For a first time buyer, getting the right local mortgage lender can make the difference between finding the right mortgage
- [401K Borrowing Rules: Why It May Not Be Best When Buying a Home](https://mechanics.bank/401k-borrowing-rules-why-it-may-not-be-best-when-buying-a-home/) - Buying a house often makes a great deal of financial sense, especially if you want to build equity in a property vs. paying rent without owning. For many people, buying a house may first mean overcoming financial obstacles that can stand in their way. One of the financial hurdles one may face is having enough
- [Reasons to Buy Your First Home in Swansea MA](https://mechanics.bank/reasons-to-buy-your-first-home-in-swansea-ma-2/) - There aren’t many towns which offer residents river views, access to the coastline and proximity to several major cities within three states -- but Swansea MA is one such charmed place. When you’re looking for a town in which to buy your first home, historic Swansea makes an ideal choice. With just under 16,000 people
- [Need Down Payment Help? You Have Options!](https://mechanics.bank/need-down-payment-help-you-have-options/) - While home ownership is still the American dream, many believe it to be out of reach because of financial requirements to secure a mortgage. The industry standard is that a home buyer must provide 20% of their mortgage amount as a down payment. Issues arise when many who may have no problem qualifying for a
- [It Pays to Prepare: First Time Homebuyer Education](https://mechanics.bank/it-pays-to-prepare-first-time-homebuyer-education/) - An understanding of the buying process increases exponentially with the price tag of the item, and the risk of making a mistake--especially when it comes to buying a home.Choosing a home is a financial AND personal decision. It's where you and your family live! This decision looms large, and can create stress and indecision, from
- [Buying Your First Home? 5 Mortgage Tips to Guide You through the Process](https://mechanics.bank/buying-your-first-home-5-mortgage-tips-to-guide-you-through-the-process/) - Buying your first home is very exciting! However, being unprepared can quickly turn your excitement into discouragement or confusion. Fortunately, there are things you can do to help the home buying process go smoothly while keeping your excitement level high! Here are 5 mortgage tips first time home buyers should follow.Check Your Credit Score &
- [Take the Steps to Buying a House in the Right Order!](https://mechanics.bank/take-the-steps-to-buying-a-house-in-the-right-order/) - You’ve decided to jump on the real estate train and buy your first house. It’s a big decision and one that should be done carefully! Although it’s true that finding something you love enough to sink big money (and sweet equity) into is a plus, the most important first steps to buying a house do
- [Real Estate for First Time Homebuyers in Taunton, MA](https://mechanics.bank/real-estate-for-first-time-homebuyers-in-taunton-ma/) - Located in Bristol County, Massachusetts, Taunton is one of the best places to live in Massachusetts. Residents enjoy a nice climate, experiencing all four seasons, and get to live close to the ocean. Area children grow up knowing the joys of collecting multi-colored leaves during the autumn. Events held in the Taunton Green, especially for
- [Buying a Home in Bridgewater MA](https://mechanics.bank/buying-a-home-in-bridgewater-ma/) - Located between Boston, MA and Providence, RI, the picturesque town of Bridgewater MA is an ideal community to live and raise a family. Home to a great school system, a thriving public university, and plenty of open space, home buyers have been flocking to this Plymouth County community of 25,000 people.Those who wish to purchase
- [How You Can Lower Your Average Mortgage Payment](https://mechanics.bank/how-you-can-lower-your-average-mortgage-payment/) - If you are looking to buy your first home, you are making a huge financial decision that will impact your financial health. One of the most important things you can do is find a way to lower your average mortgage payment over the long term. This can be done before you apply or after you
- [Mechanics Cooperative Bank Supports Greater Fall River Re-Creation with Purchase of Laptops for HiSet Program](https://mechanics.bank/mechanics-cooperative-bank-supports-greater-fall-river-re-creation-with-purchase-of-laptops-for-hiset-program/) - Fall River, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce their support of Greater Fall River Re-Creation and their HiSET Education Program. Mechanics Cooperative Bank donated $5,000 to this specific cause for the purchase of state-of-the-art laptops and computer equipment to create a modern, technical teaching environment
- [5 Questions to Determine If You Should Buy or Rent Your Home](https://mechanics.bank/5-questions-to-determine-if-you-should-buy-or-rent-your-home/) - Typically, buying a house is viewed as a smart decision overall. However, such a big life move is uniquely personal to your specific circumstances and should be fully evaluated before making a decision.So, how do you decide what’s best for you? Here are five questions to help you determine if you should buy or rent
- [Need to Accurately Calculate PMI for Your Mortgage? It's Easy!](https://mechanics.bank/need-to-accurately-calculate-pmi-for-your-mortgage-its-easy/) - Hopeful home buyers quickly learn multiple phrases they most likely haven’t heard before, and one of those is "PMI". PMI stands for Private Mortgage Insurance, and it's an important part of many mortgage transactions. While a standard mortgage usually requires 20% of the value of the mortgage as a down payment, a large number of
- [First Time Homebuyer Tips & Secrets your Agent Won't Tell You](https://mechanics.bank/first-time-homebuyer-tips-secrets-your-agent-wont-tell-you/) - Buying your first home is one of the most important and biggest purchases that you will make in your life. Therefore, you should formulate an approach before looking for and purchasing a new home. Working with a real estate agent is recommended; however, there are some tips and tricks about the home buying process that
- [Taunton Real Estate Opportunities for First Time Buyers](https://mechanics.bank/taunton-real-estate-opportunities-for-first-time-buyers/) - Taunton, Massachusetts is located in Bristol County, just 40 miles south of Boston and only 10 miles east of Providence. Nearby shopping centers in New Bedford and Plymouth make Taunton a fun and convenient city to live in. Safe neighborhoods and a good school district also make this city a great choice for first time
- [Single vs. Multi Family Mortgage Rates](https://mechanics.bank/single-vs-multi-family-mortgage-rates/) - Buying property serves many purposes. Many people want to become homeowners because they appreciate the chance to build equity and have a place of their own. People may also choose to buy property as a form of investment. Investing in property can help create a well balanced portfolio that can easily withstand any downturns in
- [The Do's and Don’ts of Saving for a Home](https://mechanics.bank/the-dos-and-donts-of-saving-for-a-home/) - If you plan on purchasing a home in a few months or years, the more money you save up front, the better. A hefty savings up front helps you afford the home you want, the down payment, closing costs, moving expenses, and gives you stability through unforeseen circumstances.However, with your budget already stretched, saving for
- [First Time Home Buyer Guide to Finding the Right Mortgage](https://mechanics.bank/first-time-home-buyer-guide-to-finding-the-right-mortgage/) - First time home buyers will find that the home buying process is never the same for any two people. Not only does this process depend on your local market and the type of home you are looking for, but your individual qualifications as a buyer as well. This article will serve as a first time
- [401K BORROWING RULES: WHY IT MAY NOT BE BEST WHEN BUYING A HOME](https://mechanics.bank/hello-world-2/) - Buying a house often makes a great deal of financial sense, especially if you want to build equity in a property vs. paying rent without owning. For many people, buying a house may first mean overcoming financial obstacles that can stand in their way. One of the financial hurdles one may face is having enough
- [THE BENEFITS OF LOCAL MORTGAGE LENDERS FOR FIRST TIME BUYERS](https://mechanics.bank/new/) - Congratulations! You have decided to jump into the world of real estate as a first-time buyer. However, there are many twists and turns to the home buying process that you may not be aware of. For a first time buyer, getting the right local mortgage lender can make the difference between finding the right mortgage
- [REASONS TO BUY YOUR FIRST HOME IN SWANSEA MA](https://mechanics.bank/reasons-to-buy-your-first-home-in-swansea-ma/) - There aren’t many towns which offer residents river views, access to the coastline and proximity to several major cities within three states -- but Swansea MA is one such charmed place. When you’re looking for a town in which to buy your first home, historic Swansea makes an ideal choice. With just under 16,000 people
- [Mechanics Cooperative Bank Employees Raise $1,400 for YMCA Strong Kids Campaign!](https://mechanics.bank/mechanics-cooperative-bank-employees-raise-1400-for-ymca-strong-kids-campaign/) - TAUNTON, MA: The Taunton YMCA received direct contributions again this year from Mechanics Cooperative Bank employees as part of the Annual Capital Campaign! Mechanics Cooperative Bank Assistant Vice President and Loan Servicing Manager, and Taunton YMCA Board Member Kelly O’Connor, was the Team Captain for the employee fundraising initiative! The idea was simple, the Bank
- [Are Online Mortgage Lender Reviews Reliable?](https://mechanics.bank/are-online-mortgage-lender-reviews-reliable/) - In today’s world, almost everything is digital and can be found online. Customer reviews for almost every product or service under the sun have become ubiquitous on the internet, and mortgage lender reviews are no exception. But, how reliable are they really?Online reviews can be helpful for just an overall feel of customer satisfaction, to
- [First Time Buyer Steps to Take Before You Start to Find Real Estate](https://mechanics.bank/first-time-buyer-steps-to-take-before-you-start-to-find-real-estate/) - So, you are ready to purchase your first real home, an exciting prospect as it is one of the biggest investments you will ever make. However, preparation is key to not only successfully finding the perfect home, but also to finding the right mortgage and looking like a credible buyer to sellers. Below are steps
- [How to Improve My Credit Before Buying My First Home](https://mechanics.bank/how-to-improve-my-credit-before-buying-my-first-home/) - Everyone would like to achieve the American dream of success through their own hard work, and an undeniable part of realizing that dream is home ownership. Signing for the title to a new home and stepping through the door for the first time of a house that is yours alone is a unique experience. But
- [The Best Tools for Searching MLS Listings Online](https://mechanics.bank/the-best-tools-for-searching-mls-listings-online/) - Due to the massive size of the multiple listing service (MLS) for real estate listings, it can be difficult to find the right home for you using this service. This is especially true if you are a first time home buyer, as the number of options can become overwhelming quickly. Fortunately, in today's digital age,
- [Feeling Overwhelmed? Take Advantage of First Time Home Buyer Help!](https://mechanics.bank/feeling-overwhelmed-take-advantage-of-first-time-home-buyer-help/) - Although buying a home for the first time can seem overwhelming, it doesn't have to be! Though you may be feeling concerned about the many aspects of purchasing your first home, from getting a mortgage to finding the right home to closing costs; there are many resources available to guide you through the entire process.
- [5 Apps People Saving for a Down Payment Should Be Using!](https://mechanics.bank/5-apps-people-saving-for-a-down-payment-should-be-using/) - Saving for a down payment takes commitment and consistency. It’s not always easy to be saving towards a down payment with other bills, loans and expenses to pay for. It's easy to begin, but difficult to maintain, especially if you don't have much extra money every month.However, a substantial down payment is extremely helpful in
- [Mortgage Payment Tips for First Time Home Buyers](https://mechanics.bank/mortgage-payment-tips-for-first-time-home-buyers/) - You've done it; you've made the decision to buy your first home! However, you want to make sure you don't rush into anything. You want to make sure you navigate the process correctly and don’t get yourself into any financial trouble. Here are some of the best mortgage payment tips to help you find the
- [Is a Rent to Buy Property the Right Choice?](https://mechanics.bank/is-a-rent-to-buy-property-the-right-choice/) - Rent to buy properties can be a great way to get the house or condo you want if you're not quite ready to make that leap into a mortgage. However, they also carry certain risks, so it's important to understand exactly what entering into a rent to buy contract entails.This type of home purchase begins
- [Massachusetts Mortgage Lenders: Which One is Right for You?](https://mechanics.bank/massachusetts-mortgage-lenders-which-one-is-right-for-you/) - Purchasing a home for the first time can be a seemingly daunting process. There will be many questions that arise, unfamiliar terms and new procedures. However, finding the right lender from the many Massachusetts mortgage lenders will make the process much easier. Identifying the right lender for you and getting pre-approved for a mortgage are
- [2016 Mechanics Cooperative Bank Scholarship Award Recipients](https://mechanics.bank/2016-mechanics-cooperative-bank-scholarship-award-recipients/) - Mechanics Cooperative Bank is proud to announce John Myron and Mitchell Lavoie of Somerset Berkley Regional High School, Kelsey Hebert and Kimberly Medeiros of Taunton High School, and Casandra Abgrab of Westport High School as the recipients of the 2016 Mechanics Cooperative Bank Scholarship Awards! The Mechanics Cooperative Bank scholarships were created to support local
- [Taunton Mortgage Lenders: Which One is Right for You?](https://mechanics.bank/taunton-mortgage-lenders-which-one-is-right-for-you/) - When you decide to take the plunge to buy your first home, it’s hard to know where to start. As a first time home buyer, you have a lot to think about, and choosing from the many Taunton mortgage lenders to find the right lender for you is an important first step. Choosing your mortgage
- [Where to Turn for First Time Home Buyer Help](https://mechanics.bank/where-to-turn-for-first-time-home-buyer-help/) - Have you ever used an escrow account or bought mortgage points? How much should you pay for an appraisal and how do determine a home's resale value? Should you try to get pre-approved or shop for a new home first? Buying your first home is a complicated process in which even simple mistakes can cost
- [Things to Know Before Owning Your First Home!](https://mechanics.bank/things-to-know-before-owning-your-first-home/) - Owning your own home is not like renting, and you need to prepare to make it a great experience. It's different than you might expect, and you won't realize just how different until you've experienced it for yourself.Owning Your First Home is an InvestmentRent and a mortgage are not the same. With rent, the money
- [The Best Homes For First Time Home Buyers? The Ones You Can Afford](https://mechanics.bank/the-best-homes-for-first-time-home-buyers-the-ones-you-can-afford/) - If you’re considering becoming a first time home buyer, people are probably offering all kinds of advice. But before you can dive into applying for a mortgage and hitting the real estate market, you’ll need to figure out what are the best homes for first time home buyers and why.Some of the preliminary steps should
- [Must-Follow Advice for First Time Home Buyers](https://mechanics.bank/must-follow-advice-for-first-time-home-buyers/) - Buying a home is one of the most exciting times in your life, but it can also be one of the most daunting experiences. The home buying process does not have to be stressful if you use the right strategy and prepare beforehand. This article discusses the best advice for home buyers from those who
- [Open the Door to Your New Home with Down Payment Assistance](https://mechanics.bank/open-the-door-to-your-new-home-with-down-payment-assistance/) - Many first time home buyers often hit a major roadblock when they encounter down payment requirements. The expectation within the mortgage industry is that 20% of the mortgage amount will be made as down payment. This is simply more than many first time home buyers can manage without help. As discouraging as this may be
- [5 Reasons a Mortgage Affordability Calculator is a Key Tool for Homebuyers](https://mechanics.bank/5-reasons-a-mortgage-affordability-calculator-is-a-key-tool-for-homebuyers/) - Every homebuyer benefits from a solid plan when approaching the process, especially first time homebuyers. While obstacles are bound to be thrown in your path, a mapped out plan minimizes their impact and gives you a better chance of reaching your goal of home ownership. A big part of the plan deals with the green
- [When to Buy a Home: Are You Ready?](https://mechanics.bank/when-to-buy-a-home-are-you-ready/) - Buying a home will be one of the largest purchases you make, so it's important to be ready to take on this financial responsibility before you jump into it. While no two set of circumstances are the same and different people are ready to buy at different times, there are some common indicators that can
- [The Process of Buying a Home: A Strategic Approach](https://mechanics.bank/the-process-of-buying-a-home-a-strategic-approach/) - Though it's natural for prospective first-time home owners to get carried away with enthusiasm, there are a number of complexities to the process of buying a home and it is critical to develop a coordinated plan of attack to transform your home ownership dreams into a reality.Preparation & Knowing Your Budget Save your money and
- [Mechanics Cooperative Bank Hires Lawrence Fernandes to Branch Manager of Somerset, MA Location](https://mechanics.bank/mechanics-cooperative-bank-hires-lawrence-fernandes-to-branch-manager-of-somerset-ma-location/) - Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the promotion of Lawrence Fernandes to Branch Manager of their Somerset Location. As Branch Manager for Mechanics Cooperative Bank, Mr. Fernandes will be responsible for the day-to-day oversight and administration of the Bank’s branch operations including sales and customer service. Executive Vice
- [3 Reasons to Choose a Local Mortgage Lender](https://mechanics.bank/3-reasons-to-choose-a-local-mortgage-lender/) - If this is your first time purchasing a home, you are facing a long process ahead. One of the first and most important questions you’ll have to ask yourself is: where should I purchase my mortgage from? You want to choose a lender that's accessible, has resources and will have your financial needs in mind
- [Important Mortgage Information to Learn Before Applying](https://mechanics.bank/important-mortgage-information-to-learn-before-applying/) - Making the decision to buy a house is exciting, whether it’s a starter home or where you’ll spend your relaxing days in retirement. However, before you can start picking out paint colors and new furniture, you have think about how you’re going to afford it. In order to get started, you will need to meet
- [Owning Your First Home is a Big Step! Are You Ready?](https://mechanics.bank/owning-your-first-home-is-a-big-step-are-you-ready/) - Your first home is likely the biggest purchase and financial decision you will ever make. And while it can be a very exciting time, it's important to make sure you are ready to take this step. This can be a time of uncertainty and fear; however, it doesn't have to be! It can be the
- [Mortgage Education for First Time Home Buyers](https://mechanics.bank/mortgage-education-for-first-time-home-buyers/) - Being a first time home buyer is both exciting and daunting at the same time. It is a huge step in your life. If you come into the home buying experience without a solid base in mortgage education, it can be difficult to navigate. By preparing ahead of time for the process of being a
- [how & why mortgage interest rates affect your payments](https://mechanics.bank/how-why-mortgage-interest-rates-affect-your-payments/) - Few experiences in life are as exciting and exhausting as buying a home. Although many reality TV shows make home buying look easy, there are many technical, legal, and financial aspects to buying a home. Committing to a new home is huge a financial decision. The mortgage interest rate, the sum of money the bank
- [The Real Meaning of Zero Down Payments & the Implications of This Practice](https://mechanics.bank/the-real-meaning-of-zero-down-payments-the-implications-of-this-practice/) - The typical home down payment is about 20 percent of the purchase price. This amount is used as the standard when saving up to buy a home. However, over time, other down payment amounts and mortgage programs have popped up. There were even programs created that offered low to zero down payment options for home
- [What Do The Best Mortgage Lenders Do For You?](https://mechanics.bank/what-do-the-best-mortgage-lenders-do-for-you/) - Buying your first home can be an overwhelming process. It’s likely one of the biggest financial decisions you’ll make in your life, and you should take all the necessary steps to ensure the process goes smoothly. One of your first and most important steps in the home buying process is choosing the right mortgage lender.
- [What is Private Mortgage Insurance?](https://mechanics.bank/what-is-private-mortgage-insurance/) - Home ownership is something that many people in America want, but something that can be a process to attain. Quite often, one of the most difficult things for people to achieve is saving up the down payment that financial institutions require before they approve a mortgage. For many buyers, the down payment amount is typically
- [Buy or Rent? What You Need to Know Before You Decide](https://mechanics.bank/buy-or-rent-what-you-need-to-know-before-you-decide/) - At some point, you’ll ask yourself the question: “Is it time to buy a home?” The decision has never been more complex. With careers, priorities and housing markets more individual than ever, the issue of whether to buy or rent takes some careful thought. In the end, a few basic factors will help you determine
- [Mechanics Cooperative Bank Donates $5K in Support of the Boys & Girls Club of Taunton!](https://mechanics.bank/mechanics-cooperative-bank-donates-5k-in-support-of-the-boys-girls-club-of-taunton/) - Taunton, MA: Mechanics Cooperative Bank has committed $5,000 in support of the Boys & Girls Club of Taunton. This gift will go directly toward the Club’s emergency building repair fund. Joseph T. Baptista, Jr., President and CEO of Mechanics Cooperative Bank said, “When the Club started the process to raise these required funds, Mechanics Cooperative
- [Is it Better to Buy or Rent? The Decision is a Personal One](https://mechanics.bank/is-it-better-to-buy-or-rent-the-decision-is-a-personal-one/) - Chances are you have asked yourself at least once, “is it better to buy or rent a home?” Often times, you’ll hear many argue that the best option is to own a home. Contrary to popular belief, there is no one universal answer. However, you should be asking yourself “based on my current situation, is
- [Mortgage Scams: What to Look For & How to Avoid Them](https://mechanics.bank/mortgage-scams-what-to-look-for-how-to-avoid-them/) - Getting a mortgage can be a long process. Many people encounter road blocks along the way due to the income, credit and other requirements. While there are many organizations and regulations out there dedicated to helping home buyers and owners, there are also some mortgage scams to beware of. However, thankfully, there is a lot
- [3 Ways to Save for a Down Payment on a Home](https://mechanics.bank/3-ways-to-save-for-a-down-payment-on-a-home/) - At one point or another, we have all saved up to buy something we want or need. As children, we would put aside money from chores to buy candy or toys. As we grow older, the money we save is usually put towards more important things, such as vacations, a car, and a place to
- [First Time Home Buyer Help – Where Should You Turn?](https://mechanics.bank/first-time-home-buyer-help-where-should-you-turn/) - Buying your first home can feel a bit like climbing a mountain. The path to the top is full of unfamiliar experiences. Along the way, you will encounter strange terms and terminology. You will see the goal of home ownership high upon the peak, but you may be unsure of the right path to follow.
- [New Bedford – A Massachusetts Gem](https://mechanics.bank/new-bedford-a-massachusetts-gem/) - In Massachusetts, you will find the quaint city of New Bedford in Bristol County, known for its eye-catching ocean views and rich culture. People from all walks of life live and visit here for one reason or another; historic sites portrayed throughout the city, unique cuisine from various cultures or even wild life at Buttonwood
- [Mortgage Affordability: Mortgage Payment Tips You Should Follow](https://mechanics.bank/mortgage-affordability-mortgage-payment-tips-you-should-follow/) - When purchasing a home, its location and square footage are important features. However, they aren’t as important as affordability of your home for your budget. Mortgage affordability is the most critical component of the entire home buying process. Educating yourself on important mortgage payment tips can help ensure you are on the right path.Understand the
- [A Review of Online Mortgage Lender Reviews](https://mechanics.bank/a-review-of-online-mortgage-lender-reviews/) - Searching the internet for reviews prior to a purchase has become a large phenomenon over the last few years. So it’s no surprise that you would seek out mortgage lender reviews now that you are looking to buy a home. But how reliable are the online reviews? In general, reviews tend to be heavily negative.
- [When to Buy a Home: How You Can Make Sure You’re Ready](https://mechanics.bank/when-to-buy-a-home-how-you-can-make-sure-youre-ready/) - Purchasing a home is one of the most important things you will do in your lifetime. This major decision shouldn’t be taken lightly. If you're thinking of when to buy a home; much thought should go into the process to ensure you find the right home, and more importantly, that you’re able to handle the
- [Mechanics Cooperative Bank's $100,000 Gift to BCC is Making People Smile!](https://mechanics.bank/mechanics-cooperative-banks-100000-gift-to-bcc-is-making-people-smile/) - Mechanics Cooperative Bank is proud to support Bristol Community College (BCC) with a $100,000 gift in support of the new John J. Sbrega Health and Science Building’s Dental Hygiene program! The new BCC Dental Hygiene program prepares graduates to competently begin professional dental hygiene practice and is accredited by the Commission on Dental Accreditation (CODA)
- [Mechanics Cooperative Bank Supplies the FRPD with Life-Saving Military Tourniquets](https://mechanics.bank/mechanics-cooperative-bank-supplies-the-frpd-with-life-saving-military-tourniquets/) - Fall River, MA: Mechanics Cooperative Bank is proud to announce their support for the City of Fall River and their Police Department with the purchase of 230 military-grade tourniquets. These tourniquets will now be part of each police car’s permanent first-aid and life-saving equipment. This $12,000 equipment donation by Mechanics Cooperative Bank is in direct
- [Bi-Weekly Mortgages: The Advantages & Disadvantages](https://mechanics.bank/bi-weekly-mortgages-the-advantages-disadvantages/) - Ordinarily, mortgage payments are made on a monthly basis over a number of years. Bi-weekly mortgages, on the other hand, involve paying off the mortgage in two bi-weekly payments every month, as opposed to a single monthly payment. The amount paid every month remains the same, as it’s divided into two. So you must be
- [Bi-Weekly Mortgages & How They Could be Right for You](https://mechanics.bank/bi-weekly-mortgages-how-they-could-be-right-for-you/) - On your quest to find the perfect mortgage, you’ve probably come across various loan options. During the mortgage process, it is imperative to find a mortgage that meets your needs; one that is transparent and financially beneficial to you. You may or may not have come across it in your research; however, a bi-weekly mortgage
- [Factors That Affect Your Average Mortgage Payment Size](https://mechanics.bank/factors-that-affect-your-average-mortgage-payment-size/) - For anyone looking to finance a home, the size of your average mortgage payment is a key concern. The amount of your monthly payment will affect your budget for the length of your loan term, which may stretch decades into the future. While every situation is different, these three factors will play a key role
- [Myths about the First Time Home Buyer Tax Credit You Should Know](https://mechanics.bank/myths-about-the-first-time-home-buyer-tax-credit-you-should-know/) - If you’re thinking about buying your first home, you’ve probably heard that there are a number of tax benefits to being a home owner. The “First Time Homebuyer Tax Credit” is widely talked about, but there are a lot of misconceptions about it. Inform yourself about the myths about this tax credit and also other
- [The First Steps in Buying a House May Not Be What You Think](https://mechanics.bank/the-first-steps-in-buying-a-house-may-not-be-what-you-think/) - The biggest investment you may ever make is in a home. While that may seem like a challenge, there are simple tasks you can accomplish to make the process easier and even more so, informative. From evaluating your credit score to finding the ideal real estate agent, here are the simple first steps in buying
- [Our Customers Have Spoken & The 2016 Community Grant Program Winners Are...](https://mechanics.bank/mechanics-cooperative-bank-customers-have-spoken-the-2016-community-grant-program-winners-are/) - Mechanics Cooperative Bank, and their customers are proud to announce the winners of the 2nd Annual “Let’s Keep it Local! Community Grant Program!” Mechanics Cooperative Bank is donating $25,000 to these local non-profit organizations who received the most votes from our customers! Thousands of customers participated at our Bank branches and through the Bank’s website to cast
- [Down Payment Savings Tips for First Time Home Buyers](https://mechanics.bank/down-payment-savings-tips-for-first-time-home-buyers/) - Are you planning on buying a home? Like many people, it is probably the largest purchase you will make in your lifetime. If you are a first time home buyer, you are probably wondering where and how you can save up for a down payment. A down payment is a one-time cash payment and its
- [How Mortgage Interest Rates Affect Payments Throughout the Life of the Loan](https://mechanics.bank/how-mortgage-interest-rates-affect-payments-throughout-the-life-of-the-loan/) - There are many questions and decisions to make when you’re applying for your first mortgage. However, one of the most important mortgage questions is: ‘Should I choose an adjustable or fixed rate loan?’ The adjustable rates may look more appealing at first glance, as they can be lower than a fixed rate. However, even though
- [Don't Miss Out on the Benefits of Local Mortgage Lenders!](https://mechanics.bank/dont-miss-out-on-the-benefits-of-local-mortgage-lenders/) - The Benefits of Local Mortgage Lending The decision to become a first time home buyer is one of the most exciting financial decisions a person can ever make. Thankfully, there are quite a few different options available when shopping for a mortgage lender. However, home buyers need to find a company with a team that
- [Are Bi-Weekly Mortgages Right For You? 5 Facts You Should Know](https://mechanics.bank/are-bi-weekly-mortgages-right-for-you-5-facts-you-should-know/) - Just thinking about looking for a mortgage in an endless sea of options may make your head spin. While not all mortgages are created equal, a bi-weekly mortgage is often overlooked. A bi-weekly mortgage may provide you with the necessary flexibility and financing you need.Bi-weekly mortgages allow you to make mortgage payments every two weeks,
- [What Exactly Is a Bi-Weekly Mortgage?](https://mechanics.bank/what-exactly-is-a-bi-weekly-mortgage/) - One of the major decisions home buyers have to make is where to get financing to buy a home. Home buying can be an expensive undertaking; it is advisable to work with the best experts and partners in the industry. While there are many financial lenders, only the best will offer you products that meet
- [What First Time Home Buyers Should Know About Bi-Weekly Mortgages](https://mechanics.bank/what-first-time-home-buyers-should-know-about-bi-weekly-mortgages/) - Buying your first home is a major investment. As such, it is important to adequately prepare for it to help ensure that the process runs smoothly. As a first time home buyer, being educated about the process will stand you in good stead. This is especially true when it comes to securing financing to buy
- [Richard Falzone Appointed to Vice President, Commercial Lending Officer for Mechanics Cooperative Bank](https://mechanics.bank/richard-falzone-appointed-to-vice-president-commercial-lending-officer-for-mechanics-cooperative-bank/) - Taunton, MA: Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Richard Falzone as Vice President, Commercial Lending Officer. The Bank is proud to welcome Mr. Falzone and is excited to add his wealth of experience, knowledge and business development skills to our team. Michael A. Ferrara,
- [Mechanics Cooperative Bank Hires Jillian Back as Vice President, Commercial Lending Officer](https://mechanics.bank/mechanics-cooperative-bank-hires-jillian-back-as-vice-president-commercial-lending-officer/) - Taunton, MA: Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are proud to announce the appointment of Jillian Back as Vice President, Commercial Lending Officer. The Bank is proud to welcome Ms. Back and excited to add her wealth of experience, knowledge and business development skills to our team. President and CEO of
- [Mechanics Cooperative Bank announces Employee Promotions!](https://mechanics.bank/mechanics-cooperative-bank-announces-employee-promotions/) - Mechanics Cooperative Bank is proud to announce the following employee promotions. Commenting on the employee promotions below, President and CEO of Mechanics Cooperative Bank, Joseph T. Baptista, Jr. said “I am both proud and thankful we have the opportunity to promote these stellar employees. Their hard work and dedication on behalf of Mechanics has made a
- [Important First Time Home Buyer Financial Tips](https://mechanics.bank/important-first-time-home-buyer-financial-tips/) - Buying a home for the first time is exciting and scary all at once, like one of those amusement park rides that turns everyone upside down, makes their hair stand on end, and empties the spare change from their pockets.However, with a bit of planning and some helpful tips, you can take some of the
- [Tips for Growing Your Savings](https://mechanics.bank/tips-for-growing-your-savings/) - Do you find that you have a hard time saving money? If your answer is yes, you’re not alone. Everyone wants to save money, but sometimes it can be difficult. Your savings account can help you to save for both short-term and long-term goals. If you want to start and grow your savings account, you
- [Savings Accounts: What You Should Know](https://mechanics.bank/savings-accounts-what-you-should-know/) - A savings account is a type of interest-bearing account offered for the most part by banks, credit unions and financial institutions.What Makes Savings Accounts Different from Checking Accounts?Checking accounts hold money you would use regularly, which is why they often come with checks or debit cards. Savings account funds typically stay in the account, hence
- [Choose the Right Bank for You from the Banks in Fall River](https://mechanics.bank/choose-the-right-bank-for-you-from-the-banks-in-fall-river/) - When it comes to looking at banks in the Fall River, MA area, you have a variety of choices, and finding a bank that best suits your needs is an important part of your financial success. This article explores things you should consider when choosing among local banks in Fall River.1. The Level of Customer
- [Opportunities in the Taunton Real Estate Market](https://mechanics.bank/opportunities-in-the-taunton-real-estate-market/) - Taunton, a town of quiet residential neighborhoods coupled with lively activity, is located less than an hour from both Boston, MA and Providence, RI. This centrally located city, not surprisingly, is currently experiencing a thriving real estate market. Taunton real estate home prices have been rising over the past few seasons and interested buyers will
- [Pros & Cons of Buying a Condo vs a House](https://mechanics.bank/pros-cons-of-buying-a-condo-vs-a-house/) - You're ready to buy your own home. You've done your homework and learned about mortgages and how to get the most bang for your buck. You know this investment will help you prepare for a stable living situation and future value. You know where you want to live, and what amenities you're looking for. Now
- [Don't Miss These 3 Important Steps to Buying a House!](https://mechanics.bank/dont-miss-these-3-important-steps-to-buying-a-house/) - First time home buyers often don’t realize the sheer amount of steps needed to purchase a home. It can become a complicated process without some forethought and planning before diving in. While there are several steps to buying a house, here’s a few you need to consider right off the bat.1. Make Sure You’re Ready
- [Is the Time Right to Buy or Rent?](https://mechanics.bank/is-the-time-right-to-buy-or-rent/) - Knowing when it’s the right time to buy a house can be confusing. There are positives and negatives to buying a home, just as there are to renting. Ultimately, deciding if and when you are ready to buy a home is a personal decision. Whether to buy or rent is up to you, but hopefully
- [Mortgage Education: What You Need to Know](https://mechanics.bank/mortgage-education-what-you-need-to-know/) - Applying for a mortgage may seem like a daunting task with the amount of paperwork and information it entails. Knowing what you need to have accomplished ahead of time will not only save you time, but also a lot of unnecessary headache. To make the most of mortgage education before tackling the process, follow the
- [Mechanics Cooperative Bank and the Fall River United Way Partner to Support Local Community Again in 2017!](https://mechanics.bank/mechanics-cooperative-bank-and-the-fall-river-united-way-partner-to-support-local-community-again-in-2017/) - Fall River, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce their $10,000 donation in support of the Fall River United Way and their effort to improve our community and help local families in need. The $10,000 donation will help support the Fall River United Way and some
- [Mechanics Cooperative Bank Commits $2,500 to The ScoutReach Program in Fall River, MA](https://mechanics.bank/scoutreach/) - Fall River, MA - Mechanics Cooperative Bank is once again proud to support the Boys Scouts of America, Narragansett Council and their ScoutReach Program in Fall River, MA. This $2,500 contribution will directly benefit the Fall River community and surrounding cities and towns. This $2,500 gift from Mechanics Cooperative Bank was supported by the Federal
- [Taunton YMCA Partners with Mechanics Cooperative Bank for Annual Fundraising Campaign](https://mechanics.bank/tauntonymca/) - Taunton, MA- As a proud community partner Mechanics Cooperative Bank has committed $5,000 in 2017 to the Taunton YMCA. Mechanics Cooperative Bank Assistant Vice President and Loan Servicing Manager, and Taunton YMCA Board Member Kelly O’Connor, commented “We not only support these amazing community organizations through charitable donations but our employees also contribute personally. That
- [Mechanics Cooperative Bank Employees Raise $1,400 for the Taunton YMCA!](https://mechanics.bank/employeesymca/) - TAUNTON, MA: The Taunton YMCA received direct contributions again this year from Mechanics Cooperative Bank employees as part of their Annual Capital Campaign. Mechanics Cooperative Bank Assistant Vice President and Loan Servicing Manager, and Taunton YMCA Board Member Kelly O’Connor, was the Team Captain for the employee fundraising initiative! The idea was simple, the Bank
- [Most Important First Time Home Buyer Education](https://mechanics.bank/most-important-first-time-home-buyer-education/) - Buying your first home can be a confusing process and seem overwhelming if you don’t know where to start. But don’t worry! First time home buyer education is key in understanding real estate jargon, mortgages, and things like closing costs. There are plenty of steps you can take that will help you relax as you
- [Does a Zero Down Payment Seem Tempting? It's Usually Too Good To Be True](https://mechanics.bank/does-a-zero-down-payment-seem-tempting-its-usually-too-good-to-be-true/) - If you’re thinking about buying a home, you may have heard or seen advertisements for zero down payment loans. Lenders will sometimes use low or zero down payment as a teaser in advertisements to lure mortgage shoppers and begin a conversation. In reality, most people won't qualify for a zero down payment mortgage and for
- [Mortgage Gift Letter Template for First Time Home Buyers](https://mechanics.bank/mortgage-gift-letter-template-for-first-time-home-buyers/) - If you are buying a home, it may be helpful for you to know that mortgage lenders allow financial gifts to be used towards a mortgage down payment. Gifts can be a valuable tool for people trying to finance their first home, and knowing how to correctly apply a mortgage gift to your down payment
- [How Bi-Weekly Mortgages Benefit Homebuyers](https://mechanics.bank/how-bi-weekly-mortgages-benefit-homebuyers/) - Just because a mortgage is typically paid once per month, doesn’t mean you have to stick to the traditional one payment per month mortgage model. A sometimes overlooked way of making mortgage payment is the bi-weekly payment option.If you’ve never heard of bi-weekly mortgages or how they work, you’re probably not alone! But just because
- [Is A Local Mortgage Lender Right for You?](https://mechanics.bank/is-a-local-mortgage-lender-right-for-you/) - Whether you’re a first time buyer or a veteran, buying a home is a milestone. Many people fail to research different mortgage lenders, despite the fact that they will be paying their mortgage for the next 15-30 years. If you’re looking for a lender, it’s best to explore your options and find the best fit
- [What is PMI & What You Should Know](https://mechanics.bank/what-is-pmi-what-you-should-know/) - Although the decision to own your home is exciting, it is definitely a process to get the best end result for you. Homeownership is an important and expensive investment that requires most people to save for a number of years. For most people, the journey to home ownership begins with making a down payment so
- [Mechanics Cooperative Bank donates $125,000 to Cardiovascular Care at Southcoast Health’s Charlton Memorial Hospital in Fall River](https://mechanics.bank/cardiovascular_care_southcoast/) - FALL RIVER, Mass. — Southcoast Health announced today that Mechanics Cooperative Bank has donated $125,000 to the Campaign for Southcoast Health — a $25 million capital fundraising campaign which is the largest in the not-for-profit healthcare system’s history. In recognition of the gift, Southcoast Health will name the patient waiting area for outpatient cardiac services at Charlton
- [How to Calculate PMI for Your Mortgage](https://mechanics.bank/how-to-calculate-pmi-for-your-mortgage/) - Imagine you have found the perfect house for your family. The yard, the finished basement, the two-car garage, all the bedrooms, and bathrooms -- it’s the ideal space. But there is a problem. The standard 20% down payment is more than you can afford.But wait! You don’t need to walk away because Private Mortgage Insurance
- [The Steps to Get a Mortgage](https://mechanics.bank/the-steps-to-get-a-mortgage/) - A considerable number of home buyers require a mortgage to realize their dream of home ownership. However, this does not imply that lenders easily give them out to anyone who asks. As a buyer, you should know the process and requirements that must be met to get the mortgage you’ll need.Therefore, before you set foot
- [I'm Buying My First Home - What Do I Need to Know?](https://mechanics.bank/im-buying-my-first-home-what-do-i-need-to-know/) - Life is full of electrifying firsts; your first step, first day at school, first job, first love, or your first home. However, purchasing a new home is both exciting and daunting.. Whether you're moving out of your parents’ house for the first time, owning your home after renting for years or acquiring a new home
- [Mechanics Cooperative Bank Donates $125,000 to Cardiovascular Care at Charlton Memorial Hospital](https://mechanics.bank/mechanics-cooperative-bank-donates-125000-to-cardiovascular-care-at-charlton-memorial-hospital/) - We are thrilled to announce that we have donated $125,000 to the Campaign for Southcoast Health — a $25 million capital fundraising campaign. In honor of this donation, the patient waiting area for outpatient cardiac services at Charlton Memorial Hospital in Fall River will be named after Mechanics Cooperative Bank. Mechanics Cooperative Bank is proud
- [Handling Financing While You Find Real Estate](https://mechanics.bank/handling-financing-while-you-find-real-estate/) - Owning a home is a dream to many people; however, it can be challenging making sure you take the right financing and mortgage steps to find a financial situation that’s best for you. Knowing what to expect in the financing and real estate process will allow you to make solid decisions about your property and
- [Prepare for the Major Steps in the Process of Buying a Home](https://mechanics.bank/prepare-for-the-major-steps-in-the-process-of-buying-a-home/) - First time homebuyers may feel somewhat overwhelmed and lost when first diving into the process of buying a home. Home buying is a personal decision and likely the largest purchase of a lifetime. Buying a home is also a smart move; with many professionals, advice, guidance and tools available to assist. If you’re a first
- [What to Look for in Mortgage Lender Reviews](https://mechanics.bank/what-to-look-for-in-mortgage-lender-reviews/) - When you’re ready to buy your first home, securing a mortgage is one of the most important places to start. You have started to do your research, and there’s a ton of information out there to sort through. But at the same time, all of the information you read agrees upon the fact that finding
- [How to Save for a Home Effectively](https://mechanics.bank/how-to-save-for-a-home-effectively/) - Buying a home is one of the most exciting purchases you can make. However, it is also a huge financial decision and you must be sure you’re ready to take on the financial burden of home ownership. Setting savings goals to buy a home is one of the best ways to financially prepare yourself. Still,
- [What Are My Mortgage Options If I Need a Low Down Payment?](https://mechanics.bank/what-are-my-mortgage-options-if-i-need-a-low-down-payment/) - Buying a home is a great long-term investment. However, qualifying for a mortgage will require a borrower to put forth a 20% down payment towards the purchase of the home. For many prospective buyers, this can be unaffordable. Fortunately, there are several ways that a borrower could qualify for a mortgage even if they have
- [Mechanics Cooperative Bank Commits $100,000 to UMass Dartmouth Charlton College of Business](https://mechanics.bank/mechanics-cooperative-bank-commits-100000-to-umass-dartmouth-charlton-college-of-business/) - Mechanics Cooperative Bank commits $100,000 in support of the UMass Dartmouth’s $15 million, 22,000 square foot Charlton College of Business Learning Pavilion. This new building adjoins the existing Charlton College of Business building and provides new technology-enriched classrooms, meeting spaces, a business innovation center, and a 165-seat auditorium for undergraduate and graduate students. The new
- [Is a Zero Down Payment on a Mortgage a Smart Move?](https://mechanics.bank/is-a-zero-down-payment-on-a-mortgage-a-smart-move/) - There are many different types of mortgages out there that vary in terms, rate, length and more. However, zero down payment mortgages can sometimes catch first time home buyer’s eye, since a down payment is a large sum of money. Although zero down payments sound great in theory, it is not always the best option
- [Mechanics Cooperative Bank Donates $100,000 to the UMass Dartmouth Charlton College of Business](https://mechanics.bank/mechanics-cooperative-bank-donates-100000-to-the-umass-dartmouth-charlton-college-of-business/) - Mechanics Cooperative Bank is proud to announce that we have committed $100,000 in support of UMass Dartmouth’s $15 million, 22,000-square-foot Charlton College of Business Learning Pavilion. Mechanics Cooperative Bank is honored to support UMass Dartmouth, the Charlton College of Business and local higher education.The new building adjoins the existing Charlton College of Business building and
- [Everything You Need to Know About Certificates of Deposit](https://mechanics.bank/everything-you-need-to-know-about-certificates-of-deposit/) - What is a CD?A Certificate of Deposit (CD) is a relatively low risk form of investment that you can attain from a bank. They are a very steady and safe way to earn a return on your money, especially if you have some extra cash on hand that you don’t need. CDs can typically run
- [Benefits of Investing in a Certificate of Deposit](https://mechanics.bank/benefits-of-investing-in-a-certificate-of-deposit/) - Certificates of Deposit (CD) are a safe way to secure a return on your money, especially if you have some extra cash that you will not need for a period of time. Essentially, a CD is a deposit account with a term that can run from 3 months to up to several years. The interest
- [How to Make the Most of a Certificate of Deposit](https://mechanics.bank/how-to-make-the-most-of-a-certificate-of-deposit/) - A certificate of deposit or CD account is a type of low risk investment where you put away a certain amount of money for a fixed timeframe, usually ranging from 3 months to 5 years. A CD is usually best suited for people who have cash that they will not need in the near future
- [Best Times to Use a Certificate of Deposit](https://mechanics.bank/best-times-to-use-a-certificate-of-deposit/) - It is always advisable to save money and try to make money on your earnings. Save for your retirement, add to your IRA, and pay off your debts. If you are saving accordingly and still have extra funds sitting idle in your savings account, you can receive a higher return on your money by opening
- [What is a Certificate of Deposit & Is It Worth Investing In?](https://mechanics.bank/what-is-a-certificate-of-deposit-is-it-worth-investing-in/) - Currently, a Certificate of Deposit (CD) is listed among other highly ranked and recommended investments. This is because, for the most part, CDs provide a higher return than a normal savings account. For this reason, most financial institutions have made Certificates of Deposit a staple of their financial product offerings. How Does It Work? Simply
- [Should You Buy or Rent?](https://mechanics.bank/should-you-buy-or-rent/) - There are a lot of different factors to consider when deciding whether to buy or rent a home. Investing in a house is one of the biggest financial decisions that you will make in your lifetime. Here are some of the most important factors to consider before taking a big step. Credit History: Having a
- [When Is a Home Equity Line of Credit the Best Choice?](https://mechanics.bank/when-is-a-home-equity-line-of-credit-the-best-choice/) - Your home equity can be a great financial resource if used for the right reasons. A home equity line of credit, also known as a HELOC, can be taken out against the equity in your home to provide you with necessary funds. Although this may seem like an easy way to free up money for
- [How to Get Started on Your Down Payment Savings](https://mechanics.bank/how-to-get-started-on-your-down-payment-savings/) - Down payments can sometimes be an obstacle that stand between a first time home buyer and their dream home; but they don’t have to be! Putting down an initial lump sum of cash is no small investment. Typically, the rule of thumb for mortgages is to put down is 20% of the homes initial price.
- [First Time Buyer Mortgage Checklist](https://mechanics.bank/first-time-buyer-mortgage-checklist/) - The first step for a homebuyer looking to enter the real estate market as a financed buyer is preparing for and gathering the information they need to apply for pre-approval. During the pre-approval process, the buyer is evaluated on whether they qualify for the loan and the amount of the mortgage they qualify for. This
- [Tips to Improve Your Credit Score Before Applying for a Mortgage](https://mechanics.bank/tips-to-improve-your-credit-score-before-applying-for-a-mortgage/) - Having a less than ideal credit score can take the fun out of buying a new home. Your credit score is one of the biggest factors that a lender will evaluate when you apply for a mortgage, and the interest rate you are offered is directly related to your credit score. Lenders want to see
- [Q&A for First Time Home Buyers](https://mechanics.bank/qa-for-first-time-home-buyers/) - Q: What questions should I ask myself before applying for a loan?Buying a home is a very exciting time, but not knowing where to start or what to expect can leave new homeowners very stressed and anxious. Important factors to consider when buying a home are aspects like job stability, home mortgage loans, location, credit
- [What You Need To Know About Mortgage Interest Rates](https://mechanics.bank/what-you-need-to-know-about-mortgage-interest-rates/) - A Mortgage is type of lending that enables you to pay a portion of home’s cost upfront, while the money a lending institution loans you covers the remainder. Despite you having a lot to gain from taking a mortgage, it’s imperative to know the numerous ins and outs of the process to set yourself up
- [Stay Local for the Best Mortgage Lenders](https://mechanics.bank/stay-local-for-the-best-mortgage-lenders/) - You are ready to buy your first home but you have some decisions to make. In addition, to location, size and other home features, you also need to select a mortgage lender. Choosing the best mortgage lenders can be overwhelming but it is one of the most important decisions you need to make during the
- [What Things Should I Consider Before Buying a Home?](https://mechanics.bank/what-things-should-i-consider-before-buying-a-home/) - Home buying is both a very exciting and slightly scary process. Because buying a home is one of the biggest investments you can make, it is vital to make sure you are financially ready to take on a mortgage. Accurately determining your financial situation will ensure that there are no financial surprises or problems in
- [First Steps in Buying a House: Saving & Mortgage Pre-Approval](https://mechanics.bank/first-steps-in-buying-a-house-saving-mortgage-pre-approval/) - Purchasing a new home can be an overwhelming task, especially if it’s your first time. However, there are millions of people who have successfully purchased houses before; meaning you can get through this process smoothly with a bit of planning and education. Notably, after doing your homework well, you will have a good chance of
- [Mechanics Cooperative Bank Partners with FHLB Boston to Assist Local Homebuyers](https://mechanics.bank/mechanics-cooperative-bank-partners-with-fhlb-boston-to-assist-local-homebuyers/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance. The $3.1 million program provides grants to financial institutions to assist households at or below 80 percent of
- [Mechanics Cooperative Bank Chooses Finastra for New Core Banking Platform](https://mechanics.bank/mechanics-cooperative-bank-chooses-finastra-for-new-core-banking-platform/) - Taunton, MA – The Board of Directors and Executive Leadership Team of Mechanics Cooperative Bank are pleased to announce that we have selected a new core system provider for the benefit of our customers. This new system will bring together a wide-range of proven and specialized upgrades to create a more supportive and efficient customer
- [Essential Information for First Time Home Buyers](https://mechanics.bank/essential-information-for-first-time-home-buyers/) - If you’re a first time home buyer, the process of purchasing a home may seem daunting. But with the right information under your belt, navigating this major investment becomes much easier. Here are four key considerations that can make the road to owning your first home less stressful and easier on your wallet. 1. Look
- [How Do I Know if a HELOC is Right for Me?](https://mechanics.bank/how-do-i-know-if-a-heloc-is-right-for-me/) - Home equity remains a tremendous financial resource when used wisely and for right reasons. A home equity line of credit (HELOC) can be obtained using your home equity as security. Although the route to getting cash looks easy, it’s prudent to take the loan for right financial reasons. What is HELOC? A home equity line
- [First Time Home Buyer Mistakes to Avoid](https://mechanics.bank/first-time-home-buyer-mistakes-to-avoid/) - Purchasing a home is among the most significant financial decisions that you will make in your life. Becoming a homeowner can be exhilarating and exciting; however, you want to make sure you’re educated and prepared for the process so that you can enjoy a smooth home buying journey. As a first time home buyer, there
- [Important Steps to Take Before Checking Out the Real Estate Market](https://mechanics.bank/important-steps-to-take-before-checking-out-the-real-estate-market/) - Buying a home can be overwhelming, especially for first time buyers. However, there are several sources of education available to help guide on how to buy a house as a first time home buyer. This article provides a guide on the various steps to follow before jumping into the real estate market. Start by Preparing
- [FAQs About Home Equity Lines of Credit](https://mechanics.bank/faqs-about-home-equity-lines-of-credit/) - A home equity line of credit (HELOC) is a type of loan offered to homeowners using their home as collateral. The amount of loan pre-approved depends on the value of the home, household income, credit score and other factors.Many people have similar questions regarding HELOCs, so we’re here to answer some of them for you!
- [What Is a Home Equity Line of Credit & What Are Its Benefits?](https://mechanics.bank/what-is-a-home-equity-line-of-credit-what-are-its-benefits/) - A home equity line of credit, also referred to as a HELOC, can be defined as a line of credit that is secured by your home. For many people, a home is their most valuable asset. With a HELOC, you can use the equity in your home as collateral for another loan. Before getting access
- [Things to Use a Home Equity Line of Credit For](https://mechanics.bank/things-to-use-a-home-equity-line-of-credit-for/) - A home equity line of credit (HELOC) gives you the opportunity to use the equity in your home as collateral when you borrow money from a lender. Similar to other loans, HELOCs allow you to borrow a certain amount and then pay it back over a certain period with an associated interest rate. HELOCs are
- [Mechanics Cooperative Bank Hires Steven Borgerson As Vice President, Residential Mortgage and Consumer Loan Manager](https://mechanics.bank/mechanics-cooperative-bank-hires-steven-borgerson-as-vice-president-residential-mortgage-and-consumer-loan-manager/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Steven Borgerson as Vice President of Residential and Consumer Lending. In his new position, Steven will oversee the day-to-day operations for the Bank’s residential and consumer lending department. Mr. Borgerson will be responsible for ensuring
- [Mechanics Cooperative Bank Awards Scholarships to Local 2018 High School Grads!](https://mechanics.bank/mechanics-cooperative-bank-awards-scholarships-to-local-2018-high-school-grads/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is proud to announce Casey Arruda of Somerset Berkley Regional High School, Oeghan Blanchard of Bristol Plymouth Regional Technical High School, Alexander Bejarano of Silver Lake Regional High School, Sydney Borrello of Dighton-Rehoboth Reigional High School, Brannagh O’Donnell of Apponequet Regional High School, and Jacob Machado of Joseph Case High
- [Personal Finance Questions You Should Be Thinking About](https://mechanics.bank/personal-finance-questions-you-should-be-thinking-about/) - When setting personal finance goals, it's crucial to consider the specific factors which can affect your personal finance. There are many life milestones which require proper planning to ensure your financial health remains stable, and that you’re setting yourself up for success. Everyone’s personal financial situation is different, but below are questions that you will
- [Tips to Improve Your Personal Finance](https://mechanics.bank/tips-to-improve-your-personal-finance/) - Personal Finance is something that most people think about often, but many don’t take the time to set a financial plan and put in the effort to stick with it. Personal Finance is important, and to achieve your financial goals and live comfortably, there are steps you can take. Regardless of who you are, personal
- [Congratulations to the 2018 Mechanics Cooperative Bank Scholarship Awardees!](https://mechanics.bank/congratulations-to-the-2018-mechanics-cooperative-bank-scholarship-awardees/) - Mechanics Cooperative Bank is proud to announce that Casey Arruda of Somerset Berkley Regional High School, Oeghan Blanchard of Bristol Plymouth Regional Technical High School, Alexander Bejarano of Silver Lake Regional High School, Sydney Borrello of Dighton-Rehoboth Regional High School, Brannagh O’Donnell of Apponequet Regional High School, and Jacob Machado of Joseph Case High School
- [5 Best Budgeting Tips of 2018](https://mechanics.bank/5-best-budgeting-tips-of-2018/) - At the beginning of each year, many people focus on creating financial plans. It's vital for financial health and savings success to prepare a budget that meets your needs. When budgeting, you’ll want to review your previous budget to determine what prevented you from achieving some goals. Also, researching and evaluating your previous cash flow
- [How to Practice Good Financial Health](https://mechanics.bank/how-to-practice-good-financial-health/) - While we all know we should strive to be physically healthy, sometimes being financially healthy gets overlooked. Working on and sustaining your financial health is something that takes a lot of effort. In fact, improving your financial stability is a lifelong commitment- there is no quick fix. However, the hard work and effort will pay
- [How to Set a Realistic Budget & Stick to It](https://mechanics.bank/how-to-set-a-realistic-budget-stick-to-it/) - When it comes to our finances, many of us ignore taking the time to put together a healthy budget. Without one, it’s difficult to understand your money flow and nearly impossible to realize any financial goals. Is every budget healthy? We’ve put together steps to set a realistic budget to help you increase your savings. Step 1:
- [5 Tips to Improve Your Financial Health](https://mechanics.bank/5-tips-to-improve-your-financial-health/) - We’ll start by acknowledging that there’s a lot of information out there regarding personal finance. This info overload might make you a bit overwhelmed and confused. However, you want to make sure you’re educating yourself to set yourself up for personal financial success. Just like you need healthy food, plenty of exercise and sleep for
- [Mechanics Cooperative Bank hires Maria T. Botelho as Vice President, Commercial Loan Officer](https://mechanics.bank/mechanics-cooperative-bank-hires-maria-t-botelho-as-vice-president-commercial-loan-officer/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Maria T. Botelho as Vice President, Commercial Loan Officer. The Bank is proud to welcome Mrs. Botelho and excited to add her wealth of experience, knowledge and business development skills to our team. President and
- [What a Good Bank Can Do for You!](https://mechanics.bank/what-a-good-bank-can-do-for-you/) - Almost everyone has a checking and/or savings account with a bank, but many people don’t know the many products and services banks provide for their financial needs. A bank isn’t just a place to store your money, but also offers guidance, products, services and more to help meet any financial need you might have. Learn
- [How to Decrease Your Family's Costs & Stick to a Family Budget](https://mechanics.bank/how-to-decrease-your-familys-costs-stick-to-a-family-budget/) - The cost of having and raising a family has risen exponentially in recent years. Not only are fewer people opting to start families; the traditional model of a family has changed. Families are smaller, and there are more cases of single parent families. While this can be attributed to a broad range of factors, the
- [Personal Finance Advice for 20-Somethings](https://mechanics.bank/personal-finance-advice-for-20-somethings/) - Personal finance is not usually a subject that is taught in high school or college. However, it is one of the most important areas of life to study, research and set a plan for success. The implication of not learning about personal finance in school is that many people get into their 20s with little
- [How to Choose the Right Bank for Your Financial Needs](https://mechanics.bank/how-to-choose-the-right-bank-for-your-financial-needs/) - Whether it’s your first time opening a bank account or you’re switching banks, you want to make sure you choose the right bank for you. Ideally, you’ll want to choose a financial institution that offers you safety, convenience and flexible banking options. With the right bank, you’ll have peace of mind and won’t have to constantly worry
- [Creating a Realistic Budget: The Building Block of Sound Financial Planning](https://mechanics.bank/creating-a-realistic-budget-the-building-block-of-sound-financial-planning/) - Countless studies have shown that people are significantly more likely to achieve goals and accomplish tasks when they take the time to consciously write them down. Information is easier to track when it’s written down and you are less likely to simply forget about things or put them off if you commit to them. This
- [It’s Tax Season – Put Your Refund to Good Use](https://mechanics.bank/its-tax-season-put-your-refund-to-good-use/) - It’s tax season, and many Americans are getting ready to file for their tax refund. While it can be tempting to view this refund as “free” money and want to spend it like discretionary income, it is also important to keep in mind that this is money you have worked for and simply paid in
- [Get On Track to Paying Off Your Holiday Debt with These Tips!](https://mechanics.bank/get-on-track-to-paying-off-your-holiday-debt-with-these-tips/) - Another holiday season has come to an end. While it is great to spread holiday cheer, sometimes we can end up spending more than we can afford, leaving us with debt that lasts longer than the holidays. In fact, in 2018, the average American accrued $1,054 in debt during this season, leaving many Americans feeling
- [Utilizing Different Accounts to Best Manage & Save Money](https://mechanics.bank/utilizing-different-accounts-to-best-manage-save-money/) - Although the well-known saying is “less is more,” that isn’t necessarily true when deciding if you want to open additional checking or savings accounts. Having multiple accounts can be extremely beneficial for helping you manage and save your money. If you are exploring the idea of opening an additional account to meet your financial goals,
- [Benefits of a Checking Account with Interest](https://mechanics.bank/benefits-of-a-checking-account-with-interest/) - Checking accounts with interest allow the account holder to earn interest on easily accessible cash, and not all checking accounts bear interest! These special accounts combine features of both checking accounts and savings accounts, making them an excellent choice for many consumers depending on their financial needs. So, what is a checking account with interest,
- [Make the Most of Your Holiday Shopping Budget with These Tips!](https://mechanics.bank/make-the-most-of-your-holiday-shopping-budget-with-these-tips/) - The holiday season is officially here, and although it’s fun to buy gifts for the ones you love, sticking to a budget can get stressful. To help make your holiday shopping more enjoyable without breaking the bank, we’ve compiled some tips that will save you time AND money this season! Take Advantage of Special Offers Consider
- [The Best Financial Advice for Millennials](https://mechanics.bank/the-best-financial-advice-for-millennials/) - During your 20’s, you encounter many life changes. From graduating from college, to starting work, to getting married, buying a home and more – there’s a lot on your plate! However, from the start of your career, it’s crucial to know how to manage your finances to avoid future financial strains and set yourself up
- [Best Budgeting & Savings Tips!](https://mechanics.bank/best-budgeting-savings-tips/) - The hardest thing about budgeting and saving is getting started and sticking with your plan. Whether it’s cutting down on $4 lattes or skipping the weekend getaways, saving can be a hard sacrifice to make. However, if you can avoid thinking of saving as restrictive, it can be easier and more fruitful for you. Below
- [4 Out of the Box Tips & Tricks for Saving](https://mechanics.bank/4-out-of-the-box-tips-tricks-for-saving/) - Saving doesn't always come easy. However, it is a skill that requires that you clearly define your goals and stick to them. Check out these clever tips and tricks that will help you boost your savings! Small Payment, Big Savings Have you ever considered adding money to your scheduled monthly mortgage payment? If you can
- [Mechanics Cooperative Bank Partners with the Federal Home Loan Bank of Boston to Offer the Equity Builder Program](https://mechanics.bank/2019-equity-builder-program/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank has once again been selected to participate in the 2019 Federal Home Loan Bank of Boston’s Equity Builder Program. This program offers members grants to provide down-payment, closing-cost, and rehabilitation assistance and homebuyer counseling to households with incomes at or below 80 percent of the area median income. Steven Borgerson,
- [Mechanics Cooperative Bank Names Nicholas DeSena as Branch Manager of Its Westport Office](https://mechanics.bank/mechanics-cooperative-bank-names-nicholas-desena-as-branch-manager-of-its-westport-office/) - TAUNTON, MA: Mechanics Cooperative Bank is happy to announce that Nicholas DeSena has joined the Bank as the new Branch Manager of their Westport office. DeSena will be responsible for the overall operations, performance and customer service of the branch, as well as community outreach activities. DeSena brings over 15 years of banking experience to
- [Mechanics Cooperative Bank Names Donna Vieira as Branch Manager of Its Bridgewater Office](https://mechanics.bank/mechanics-cooperative-bank-names-donna-vieira-as-branch-manager-of-its-bridgewater-office/) - TAUNTON, MA: Mechanics Cooperative Bank is excited to announce the appointment of Donna Vieira as Branch Manager of their Bridgewater office. Vieira will be responsible for the overall operations, performance and customer service of the branch, as well as community outreach activities. Vieira brings over 20 years of sales management experience and a total of
- [Mechanics Cooperative Bank Announces Curtis W. McKinney as New Senior Vice President & Senior Lending Officer](https://mechanics.bank/mechanics-cooperative-bank-announces-curtis-w-mckinney-as-new-senior-vice-president-senior-lending-officer/) - TAUNTON, MA: Mechanics Cooperative Bank’s Board of Directors and Executive Leadership Team are proud to announce the appointment of Curtis W. McKinney as Senior Vice President and Senior Lending Officer. Mr. McKinney brings over 30 years of experience in the banking industry to Mechanics Cooperative Bank and they are confident their selection will continue to
- [5 Tips For First Time Home Buyers](https://mechanics.bank/5-tips-for-first-time-home-buyers/) - Homeownership is the cornerstone of strong communities. Reaching it is a pinnacle moment for people where their hard work and effort materializes in the perfect home for them and their families. While it is an exciting and emotional process, there is a lot to keep track of and a lot of things to get done.
- [What to Prepare for Mortgage Pre-Qualification](https://mechanics.bank/what-to-prepare-for-mortgage-pre-qualification/) - Buying your first home is an emotional and exciting process. There is a lot that goes into the journey towards being able to call a place your own. You do your research and compare what seems like endless options, looking for all the things you have always dreamed of having in your first property. With
- [Making Your Money Work for You with a Home Equity Loan or Line of Credit](https://mechanics.bank/making-your-money-work-for-you-with-a-home-equity-loan-or-line-of-credit/) - Home Equity Loans and Lines of Credit are a great form of financing and are a great way to secure financing for big projects around the home. Taking advantage of the value you have in your home is a great way to investment in improvements that will add value to your home. It’s a way
- [Best Uses of a Home Equity Line of Credit](https://mechanics.bank/best-uses-of-a-home-equity-line-of-credit/) - A Home Equity Line of Credit is a powerful financial tool available to home owners, a source of funding against the equity which you have built in probably your biggest investment: your home. As you are borrowing against a very stable source of collateral, these products generally have lower interest rates than many other forms
- [Spring Cleaning For Your Finances](https://mechanics.bank/spring-cleaning-for-your-finances/) - In the Northeast, spring is the long-awaited thawing out from the bitter cold of winter. And for many of us, it is the time of year we clean out our homes in preparation for summer and get rid of things we don’t need. While cleaning out your home might be at the top of your
- [Why our eChoice Checking Account Could be Right for You!](https://mechanics.bank/why-our-echoice-checking-account-could-be-right-for-you/) - While it may seem difficult to imagine, or remember, there was a time when everything had to be filled out by hand and printed for record keeping. Tons of papers cluttered homes, filled offices and went forgotten, collecting dust. For the past few decades, the internet has revolutionized the way we live and do business,
- [Enjoy the Benefits of Banking Locally!](https://mechanics.bank/enjoy-the-benefits-of-banking-locally/) - Choosing a financial institution for your personal and/or business banking needs is an important decision. You work hard for your money and want to keep it safe. You want the convenience to bank on your terms, but also need to know you are working with a partner and a lender you can trust to keep
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- [Benefits of Saving with a CD (Certificate of Deposit)](https://mechanics.bank/benefits-of-saving-with-a-cd-certificate-of-deposit/) - Certificates of Deposit can be an overlooked savings account option for some; however, they are offered by most financial institutions. In essence, a CD (Certificate of Deposit) is a federally insured savings deposit with a maturity date – an agreement between the institution and the customer where the bank pays an interest rate premium in
- [For the Best Mortgage Lender Experience, Stick Close to Home!](https://mechanics.bank/for-the-best-mortgage-lender-experience-stick-close-to-home/) - You’ve decided that it’s time to take the leap and buy a home. In addition to patience, persistence and a keen eye, you’re going to need a strong team on your side. Your first choice will be your mortgage lender to get mortgage pre-approval before entering the market; and for this, your best bet is
- [Strategies for Saving Up for a Down Payment](https://mechanics.bank/strategies-for-saving-up-for-a-down-payment/) - While it may happen at different times for different people, becoming a homeowner at some point is a usually a priority. The pride of ownership, the freedom to do what you want with the space, investing in your own home; everybody has their own reason, but the goal is the same. While most people would
- [Why First Time Home Buyer Education is Essential](https://mechanics.bank/why-first-time-home-buyer-education-is-essential/) - Knowledge is power, and this couldn’t be more true than when it comes to buying your first home. While the dream of owning a home is an exciting, there are a lot of moving pieces that go into the process. There are many questions to ask, papers to sign, considerations to be taken and decisions
- [A Timeline of the Home Buying Process](https://mechanics.bank/a-timeline-of-the-home-buying-process/) - For many, owning a home is one of the greatest acquisitions in life. The sense of ownership is rewarding and the life you build in your new home will be full of unforgettable memories. Each year in the United Sates, some 1.5 million achieve this dream and find a place to call their own. While
- [Home Improvements that Add Value to Your Home](https://mechanics.bank/home-improvements-that-add-value-to-your-home/) - Summer is almost here, which means we’re in the thick of home improvement season! Reports from the Joint Center for Housing Studies of Harvard University indicate that Americans spent an estimated $340 billion on home remodeling and repairs in 2018. That’s great news for contractors, but homeowners themselves don’t always realize the gains they expected
- [Fraud Prevention for Small Businesses: Fostering Trust & Reliability](https://mechanics.bank/fraud-prevention-for-small-businesses-fostering-trust-reliability/) - Small businesses help to power the economy in many different industries, and their importance is undeniable! Customers are drawn to these establishments as they often have more personalized service and closer ties to the community. We all have a special place in our hearts for that local corner store or our favorite vintage shop. Owning
- [The Importance of Equipment Financing for Your Small Business](https://mechanics.bank/the-importance-of-equipment-financing-for-your-small-business/) - Whether a restaurant is in the market for a new commercial refrigeration system, or a delivery service requires more vehicles for its fleet, it is essential to fuel your company with high-performing technology and equipment. The tools that your business uses should be up-to-date and continually adapting to meet the needs of increasing consumer demands,
- [Local Bank, Local Business Banking Service](https://mechanics.bank/local-bank-local-business-banking-service/) - At Mechanics Cooperative Bank, we pride ourselves on serving local businesses. With years of experience, local expertise and a wide array of business banking and lending services, Mechanics Cooperative Bank is here to provide an easier business banking relationship. If you and/or your business is in need of business banking or lending services, we’re here
- [How Banking Locally Can Benefit Your Small Business](https://mechanics.bank/how-banking-locally-can-benefit-your-small-business/) - Owning a small business can be thrilling and prosperous and having a trusted financial partner throughout the process can help your business run smoothly. Chances are that as a small business, you’ll need to interact with your bank often. When you’re making the decision of who to bank with to start, or if you’re ready
- [Spread Holiday Cheer on a Budget with These Holiday Shopping Tips](https://mechanics.bank/spread-holiday-cheer-on-a-budget-with-these-holiday-shopping-tips/) - It’s time to spread joy! The most wonderful time of the year, but the financial aspect of it probably isn’t the most exciting part. However, we are here to give you some holiday shopping tips on how to spend your money wisely on gifts for loved ones without overspending and breaking the bank. Take on
- [Painless Cost Cutting Tips to Jumpstart Your Savings!](https://mechanics.bank/painless-cost-cutting-tips-to-jumpstart-your-savings/) - Most of us know that we could probably be doing a little more to add to our savings account. Whether you are building an emergency fund, starting to save for retirement or have something special planned, setting aside a little money today is a small sacrifice to work towards something important in our future. It
- [Preparing & Setting a Budget for 2020](https://mechanics.bank/preparing-setting-a-budget-for-2020/) - Crazy as it may seem, 2020 is right around the corner, and it’s time to start planning how you’re going to tackle the new year ahead. New Year’s resolutions are a time-honored tradition of setting a goal for something we will achieve in this upcoming year, and they are often centered around our financial health.
- [The Benefits and Convenience of Online & Mobile Banking](https://mechanics.bank/the-benefits-and-convenience-of-online-mobile-banking/) - The times they are a changing! Through the advancement of modern technology, accessing and managing your accounts has never been easier. Online and Mobile Banking allows you to bank on your time, with the power to handle your finances at your fingertips. It’s one more way Mechanics Cooperative bank is with you whenever and wherever
- [The Top 3 Advantages of Contactless Payment Technology & Digital Wallets](https://mechanics.bank/the-top-3-advantages-of-contactless-payment-technology-digital-wallets/) - Over the past decade, technological advances have launched a revolution in payments, including digital wallets that made contactless payments popular with many shoppers. The concept of contactless payment is pretty simple: customers just wave their mobile devices over a terminal at checkout. This is done using Near Field Communication (NFC) technology, a radio frequency that
- [Choosing the Best Options for Your Finances: Digital Banking](https://mechanics.bank/choosing-the-best-options-for-your-finances-digital-banking/) - No better time than now to learn more about digital banking, when face to face interaction is unavailable or households need to change the way they conduct their finances. Technological advances in the ways we obtain credit, make payments, and manage money can provide convenient ways to access some financial products and services that no
- [Digital Transactions: Benefits of Mobile Wallets for You](https://mechanics.bank/digital-transactions-benefits-of-mobile-wallets-for-you/) - If you want to simplify how you make payments and you don’t want to carry credit cards and cash, it’s time to consider loading your card to a digital wallet. Pick a digital wallet that suits your smartphone - Apple Pay, Google Pay or Samsung Pay - and make purchases at thousands of retailers using
- [$39 Million in Paycheck Protection Program Small Business Loans Processed by Mechanics Cooperative Bank](https://mechanics.bank/39-million-in-paycheck-protection-program-small-business-loans-processed-by-mechanics-cooperative-bank/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are proud to report our business lending team was hard at work this entire weekend supporting our small business customers and the local small business community as a whole. We are proud to report that we have underwritten 170 Small Business Loans
- [3 Advantages of Online and Mobile Banking for Your Small Business](https://mechanics.bank/3-advantages-of-online-and-mobile-banking-for-your-small-business/) - As a small business owner, ways to save time and money are always at the top of the priority list! Trusted online banking services are a great way to be able to handle the financial needs of your company without having to make time to visit the branch. If you’re ready to enjoy the great
- [The Convenience of Digital Banking](https://mechanics.bank/the-convenience-of-digital-banking/) - No longer do people have to wait in long lines or idle at drive-thru windows to use their bank’s services. While valuable in their own right, there are now more convenient alternatives offered by digital banking. Alternatively known as “Fintech” or Financial Technology, many banks have incorporated their services into digital mediums to create more
- [COVID-19 Vaccine-Related Scams and Cyber Attacks](https://mechanics.bank/covid-19-vaccine-related-scams-and-cyber-attacks/) - The Financial Crimes Enforcement Network (FinCEN) is issuing this Notice to alert financial institutions about the potential for fraud, ransomware attacks, or similar types of criminal activity related to COVID-19 vaccines and their distribution. As of December 28, 2020, the U.S. Food and Drug Administration (FDA) has issued two emergency use authorizations for COVID-19 vaccines
- [Mechanics Cooperative Bank Donates 2,000 KN95 Masks to Local First Responders](https://mechanics.bank/mechanics-cooperative-bank-donates-2000-kn95-masks-to-local-first-responders/) - TAUNTON, MASSACHUSETTS - Due to the nationwide shortage of personal protective equipment, first responders have been making due with limited supplies through the majority of this pandemic. As a result, Mechanics Cooperative Bank has made a direct effort on their behalf with the donation of 2,000 KN95 masks to the Taunton Police and Taunton Fire
- [Mechanics Cooperative Bank Donates 2,000 KN95 Masks to Local Fall River First Responders](https://mechanics.bank/mechanics-cooperative-bank-donates-2000-kn95-masks-to-local-fall-river-first-responders/) - FALL RIVER, MASSACHUSETTS - Due to the nationwide shortage of personal protective equipment, first responders have been making due with limited supplies through the majority of this pandemic. As a result, Mechanics Cooperative Bank has made a direct effort on their behalf with the donation of 2,000 KN95 masks to the Fall River Police and
- [Mechanics Cooperative Bank Donates 4,000 KN95 Masks to Southcoast Health](https://mechanics.bank/mechanics-cooperative-bank-donates-4000-kn95-masks-to-southcoast-health/) - TAUNTON, MASSACHUSETTS - Mechanics Cooperative Bank has made a direct effort in support of our local healthcare professionals with the donation of 4,000 KN95 masks to Southcoast Health. Healthcare workers are at the front line of the COVID-19 response and as such are exposed to hazards that put them, and their families, at risk. KN95
- [Mechanics Cooperative Bank Awards Nine Scholarships in 2020 Highlighting an Impressive Group of High School Recipients](https://mechanics.bank/mechanics-cooperative-bank-awards-nine-scholarships-in-2020-highlighting-an-impressive-group-of-high-school-recipients/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is once again proud to announce the recipients of their annual Scholarship Awards! The Mechanics Cooperative Bank scholarship program was created to support local students who excelled in academics, athletics and community service, to help toward their pursuit for higher education. There was an amazing class of highly qualified students
- [Tips to Proactively Protect Your Data from Identity Theft](https://mechanics.bank/tips-to-proactively-protect-your-data-from-identity-theft/) - Identity theft is an increasingly popular crime, with someone becoming a victim almost every minute. Scammers take advantage of any opportunity they can, including the COVID-19 crisis. Being an identity theft victim is an unpleasant experience, and recovery can take a lot of time and effort. Unfortunately, there's no fail-safe way to avoid becoming a
- [4 Essential Banking Tips for Small Businesses](https://mechanics.bank/4-essential-banking-tips-for-small-businesses/) - For small businesses, it’s crucial to establish a system that will help you manage your company's finances efficiently. Opening a business account with a trusted financial institution is one of the most important steps. Whether it's business accounts, a loan, credit monitoring, or just daily deposits, you should work closely with a financial institution to
- [Best Contactless Payment Apps: Everything You Need to Know](https://mechanics.bank/best-contactless-payment-apps-everything-you-need-to-know/) - Since the introduction of Near Field Communication (NFC) that turned our smartphones into the equivalent of a payment card, digital and mobile wallets have gained popularity. People are actively leveraging their benefits, including security, high portability, and speed for smooth and fast transactions globally. It is no surprise that mobile payment apps have become extremely
- [5 Tips for Safe & Smart Online Shopping](https://mechanics.bank/5-tips-for-safe-smart-online-shopping/) - There are so many reasons to shop online, from the convenience of making purchases at your fingertips and next-day delivery, to getting great deals and the endless choices of purchasable items. Shopping has never been easier for consumers! However, you want to be sure to keep your personal and financial information safe while taking advantage
- [4 Important Consumer Safety Tips for Online Banking](https://mechanics.bank/4-important-consumer-safety-tips-for-online-banking/) - Since the start of the coronavirus outbreak, consumer reliance on digital banking has never been greater. With the stay-at-home order, consumers have been encouraged to use online or mobile banking alternatives as safer and more convenient options to conduct banking transactions. With digital banking, consumers don't have to visit the bank to transfer their funds
- [Mechanics Cooperative Bank Announces New Location in New Bedford, MA at 1238 Kempton Street!](https://mechanics.bank/mechanics-cooperative-bank-announces-new-location-in-new-bedford-ma-at-1238-kempton-street/) - NEW BEDFORD, MASSACHUSETTS: Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the opening of a new branch in New Bedford, MA located at 1238 Kempton St (Rt. 6, in the Dartmouth Shaw’s plaza)! Mechanics Cooperative Bank will have exciting personal and business product promotions designed specifically to help celebrate with
- [Mechanics Cooperative Bank Donates Flag Pole to Honor Local Veterans](https://mechanics.bank/mechanics-cooperative-bank-donates-flag-pole-to-honor-local-veterans/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce they have donated $1500 to purchase and install a flagpole in honor of local veterans at St. Lawrence Martyr church in New Bedford. As a new member of the New Bedford business community Mechanics Cooperative Bank is now located
- [Mechanics Cooperative Bank Receives $100,000 Grant to Support Local Small Businesses Impacted by COVID-19](https://mechanics.bank/mechanics-cooperative-bank-receives-100000-grant-to-support-local-small-businesses-impacted-by-covid-19/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce they have been awarded a $100,000 grant through the Jobs for New England Recovery Program by the Federal Home Loan Bank of Boston (FHLB) to be used in direct support of local small businesses impacted by COVID-19. The $100,000
- [Using a Commercial Mortgage as a Tool to Grow Your Business](https://mechanics.bank/using-a-commercial-mortgage-as-a-tool-to-grow-your-business/) - As a business owner, you may consider leasing or acquiring a commercial property to manage your company. While leasing can be a convenient and quick possibility, many business owners favor having their own space. Similar to a personal mortgage loan used to buy residential homes, companies can use a commercial mortgage loan to purchase a
- [Mechanics Cooperative Bank Receives $100,000 Grant to Support Local Small Businesses Impacted by COVID-19](https://mechanics.bank/mechanics-cooperative-bank-receives-100000-grant-to-support-local-small-businesses-impacted-by-covid-19-2/) - Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce they have been awarded a $100,000 grant through the Jobs for New England Recovery Program by the Federal Home Loan Bank of Boston (FHLB) to be used in direct support of local small businesses impacted by COVID-19. The $100,000 in funds
- [Mechanics Cooperative Bank Opens New Branch in New Bedford](https://mechanics.bank/mechanics-cooperative-bank-opens-new-branch-in-new-bedford/) - The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are excited to announce the opening of a new branch in New Bedford, MA located at 1238 Kempton St. This new location marks the ninth branch office for Mechanics Cooperative Bank, with our footprint now covering a large portion of southeastern Massachusetts, including Westport,
- [3 Reasons You Should Invest in Property for Your Business with a Commercial Mortgage](https://mechanics.bank/3-reasons-you-should-invest-in-property-for-your-business-with-a-commercial-mortgage/) - Investing in property can be a smart move for your business’ financial health and can also help boost the financial standing of your business. As a business owner, one of the most important decisions you can make is applying for a commercial mortgage to purchase commercial property for your business. While leasing or renting commercial
- [4 Ways to Rebuild or Save for Your Emergency Fund](https://mechanics.bank/4-ways-to-rebuild-or-save-for-your-emergency-fund/) - An emergency fund can quite literally save your life in extreme cases and provide you with overall financial stability. During uncertain times, having even merely a few hundred dollars in an emergency fund can provide you with the security and help you need. However, for many people the struggle begins with actually getting and maintaining
- [3 Ways to Protect Your Credit When Money is Tight](https://mechanics.bank/3-ways-to-protect-your-credit-when-money-is-tight/) - Maintaining a good credit score or fixing a hurt score can often be daunting and discouraging but is still incredibly important. Credit plays a significant role in your overall financial health, as a higher credit score can grant access to countless benefits and opportunities, and a lower score can often hinder your financial growth. While
- [Mechanics Cooperative Bank Hires Sandra Cordoniz as Branch Manager of Westport Location](https://mechanics.bank/mechanics-cooperative-bank-hires-sandra-cordoniz-as-branch-manager-of-westport-location/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Sandra Cordoniz to Branch Manager of their Westport location. The Bank is proud to add Ms. Cordoniz’s wealth of experience, and customer service knowledge to their Branch Management Team. Senior Vice President and Executive Vice
- [Mechanics Cooperative Bank Promotes Colleen Barboza to Branch Manager of Fall River Location](https://mechanics.bank/mechanics-cooperative-bank-promotes-colleen-barboza-to-branch-manager-of-fall-river-location/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the promotion of Colleen Barboza to Branch Manager of their Fall River location. The Bank is proud to add Ms. Barboza’s wealth of experience and customer service knowledge to their Branch Management Team. Executive Vice President of Mechanics
- [Mechanics Cooperative Bank and the Fall River United Way Partner to Support Local Community Again in 2021](https://mechanics.bank/mechanics-cooperative-bank-and-the-fall-river-united-way-partner-to-support-local-community-again-in-2021/) - Fall River, MA: Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce their $5,000 donation in support of the Fall River United Way and their effort to improve our community and help local families in need. The $5,000 donation will help support the Fall River United Way and some
- [How to Decide if a Commercial Mortgage is Right for Your Business](https://mechanics.bank/how-to-decide-if-a-commercial-mortgage-is-right-for-your-business/) - As a business owner or CEO, you may be wondering if a commercial mortgage to buy the space you need to grow your business is the right move for you. If you're considering purchasing property or real estate, applying for a commercial mortgage may be your best solution. Commercial mortgages are considered secured, long-term loans.
- [How to Budget for Big Expenses or Purchases](https://mechanics.bank/how-to-budget-for-big-expenses-or-purchases/) - No matter how detailed your monthly budget spreadsheet is, life happens, and when it does, hopefully, you're prepared. Large and unexpected expenses can make sticking to a consistent spending plan challenging, especially if you live paycheck-to-paycheck and try your best to keep spending to the minimum. Unexpected expenses can throw off even the most detailed
- [Why Financial Literacy & Financial Health Are Important](https://mechanics.bank/why-financial-literacy-financial-health-are-important/) - There is a significant difference between being financially literate and achieving financial well-being. Financial literacy is the junction of economic, credit, and debt management knowledge needed to make financially responsible choices fundamental to our everyday lives. Financial literacy impacts families as they try to balance their budget, buy a home, fund their children's education, and
- [Mechanics Cooperative Bank Employees Raise $12,000 for Local Nonprofits](https://mechanics.bank/mechanics-cooperative-bank-employees-raise-12000-for-local-nonprofits/) - When Mechanics Cooperative Bank began discussing ideas for a new community based charitable program, we wanted something innovative, mutually beneficial for all and of course, fun. So, we're proud to announce that the bank and our staff created “Jeans Fridays for Charity,” and we are thrilled to report this dress-down themed initiative raised over $12,000
- [Benefits of Banking Local for Consumers & Businesses](https://mechanics.bank/benefits-of-banking-local-for-consumers-businesses/) - When you choose a bank, it is crucial to find the products, services, and rates that meet your needs. As you assess large national banks vs. local banks for your needs, you may question if the size of an institution matters, and to some extent, it does. However, when choosing an institution for your financial
- [Mechanics Cooperative Bank hires Sherer Minor as Branch Manager of Taunton, County Street Location](https://mechanics.bank/mechanics-cooperative-bank-hires-sherer-minor-as-branch-manager-of-taunton-county-street-location/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Sherer Minor to Branch Manager of their 75 County Street, Taunton MA location. The Bank is proud to add Mrs. Minor’s wealth of experience and customer service knowledge to their Branch Management Team. Executive Vice
- [Mechanics Cooperative Bank Donates $5,000 to United Way of Greater Fall River](https://mechanics.bank/mechanics-cooperative-bank-donates-5000-to-united-way-of-greater-fall-river/) - Mechanics Cooperative Bank and President and CEO Joseph T. Baptista Jr. announced a $5,000 donation in support of the United Way of Greater Fall River and its effort to improve our community and help local families in need. The $5,000 donation will help support the United Way of Greater Fall River and some of the 30-plus health
- [Best Ways to Manage Your Money & Your Checking Account](https://mechanics.bank/best-ways-to-manage-your-money-your-checking-account/) - A checking account may not seem like a superior piece of your financial portfolio. However, if you think about it, it is the portal to nearly all of your normal expenditure. Why not manage it the same way as you would handle all of your other significant investments and expenses? For instance, ask yourself, when
- [Mechanics Cooperative Bank Sponsor's Education in Fall River with Support of Teach for America](https://mechanics.bank/mechanics-cooperative-bank-sponsors-education-in-fall-river-with-support-of-teach-for-america/) - Taunton, MA – Mechanics Cooperative Bank, and President and CEO Joseph T. Baptista Jr., are proud to announce their sponsorship of Teach For America again in 2021, in support of the Fall River public school system. Mechanics Cooperative Bank’s $5,000 contribution directly supports the work of Meghan Doyle, who teaches Humanities at Argosy Collegiate Charter
- [Mechanics Cooperative Bank Supports Taunton YMCA's Annual Fundraising Campaign](https://mechanics.bank/mechanics-cooperative-bank-supports-taunton-ymcas-annual-fundraising-campaign/) - Taunton, MA – As a proud community partner Mechanics Cooperative Bank is pleased to share it has committed $5,000 to the 2021 Fundraising Campaign in support of the Taunton YMCA! The funds raised through the 2021 campaign will allow the YMCA to be affordable and accessible to all local community residents. The donations made by
- [5 Tips for Saving When You Have Kids](https://mechanics.bank/5-tips-for-saving-when-you-have-kids/) - If you have kids, you know that saving money can be a day-to-day challenge. In the hustle and bustle of the week, it is sometimes easiest to go with options that seem like a quick fix in the short-term. Fast food and ordering clothes online seem much more convenient than spending any spare time in
- [Best Uses of Home Equity](https://mechanics.bank/best-uses-of-home-equity/) - Home ownership is a great achievement and owning a home means that you’re building up or have already built-up equity in your home that can be used to leverage financing. Utilizing your home equity for financing can be a great financial tool. However, you want to be sure you’re leveraging your home equity for the
- [5 Ways to Build Your Home Equity](https://mechanics.bank/5-ways-to-build-your-home-equity/) - New to the concept of Home Equity? We wrote this article to help break it down for you, and to fill you in on different methods of boosting your home’s value in the form of equity. What exactly is Home Equity? Good question! Home Equity is the amount of your property that you truly “own”.
- [Why Teaching Your Children Financial Literacy Matters](https://mechanics.bank/why-teaching-your-children-financial-literacy-matters/) - As a parent, one of your jobs is to give your children all of the tools they need to navigate adult life when the time comes. Financial Literacy is a crucial part of ensuring that your child feels empowered by their finances and ready to take on life. Below are a few helpful tips to
- [5 Helpful Small Business Banking Tips](https://mechanics.bank/5-helpful-small-business-banking-tips/) - Owning and running a small business can be challenging, but highly rewarding. That’s why it’s imperative to be informed when making banking decisions and to choose a bank that will provide you with the best small business support. If you’re ready to make a decision about where to handle your small business banking and how
- [Benefits of Using a Digital Wallet](https://mechanics.bank/benefits-of-using-a-digital-wallet/) - In recent years, you might have noticed more and more of your favorite retailers and restaurants have started to accept payments through digital wallets. For background, digital wallets are software-based payment systems that securely store encrypted user and payment information to use it for secure payments on websites, in apps, or in-store. If you haven’t
- [Mechanics Cooperative Bank Hires Sonia Estrela, As Branch Manager of New Bedford Location](https://mechanics.bank/mechanics-cooperative-bank-hires-sonia-estrela-as-branch-manager-of-new-bedford-location/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Sonia Estrela to Branch Manager of their New Bedford location at 1238 Kempton Street. The Bank is proud to add Ms. Estrela’s wealth of experience and customer service knowledge to their Branch Management Team. Executive
- [Mechanics Cooperative Bank Awards Thirteen Scholarships in 2021 Highlighting an Impressive Group of Recipients!](https://mechanics.bank/mechanics-cooperative-bank-awards-thirteen-scholarships-in-2021-highlighting-an-impressive-group-of-recipients/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is once again proud to announce the recipients of their annual Scholarship Awards! The Mechanics Cooperative Bank scholarship program was created to support local students who excelled in academics, athletics, and community service, to help toward their pursuit for higher education. There was an amazing class of highly qualified students
- [5 Ways to Cut Down Your Weekly Grocery Bill](https://mechanics.bank/5-ways-to-cut-down-your-weekly-grocery-bill/) - Weekly grocery bills can stack at as high of an average as $299 for a family of four or as high of an average as $178 for a two-adult household. Whether you are about to start shopping for school lunches or are just someone looking to save some extra money on groceries, these five ways to cut down on
- [Everything to Know About Banking Scams & How to Protect Yourself](https://mechanics.bank/everything-to-know-about-banking-scams-how-to-protect-yourself/) - Banking scams involve attempts to access your bank account or personal information, putting you at risk. To help you protect yourself, we’ve put together this bank scam information to help you recognize and protect yourself from today’s most common banking scams. Knowing the Types & Signs of Common Banking Scams Overpayment Scams: A scammer will
- [Value-Adding Home Improvements to Increase Your Home Equity](https://mechanics.bank/value-adding-home-improvements-to-increase-your-home-equity/) - Your home equity is the difference between what you owe on your mortgage and what your home is currently worth. Therefore, as you increase the value of your home, you are also increasing the equity. One of the most rewarding ways to do this is to undergo a value-adding home improvement project. While some can
- [It’s Never Too Early to Start Saving for Retirement](https://mechanics.bank/its-never-too-early-to-start-saving-for-retirement/) - It’s never too early to start saving for retirement! Saving like retirement is right around the corner is a practice that certainly won’t hurt you in the long run. And even if your retirement is approaching sooner than that, it’s always a great time to save for your future. When people think of retirement, they
- [Why our Mobile App Is A Better Option Than Popular P2P Payment Apps](https://mechanics.bank/why-our-mobile-app-is-a-better-option-than-popular-p2p-payment-apps/) - Almost 80% of Americans use some form of mobile payment such as PayPal, CashApp, Venmo, and other similar peer-to-peer payment apps. They are easy to use, quick, and they transfer money almost instantly. Perfect, right? Well, not so fast. Did you know that those simple transfers are easily misused, nonreversible, and offer extremely limited protections
- [Mechanics Cooperative Bank Donates $50,000 to The Children's Advocacy Center of Bristol County Building Campaign](https://mechanics.bank/mechanics-cooperative-bank-donates-50000-to-the-childrens-advocacy-center-of-bristol-county-building-campaign/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce their support for the Children’s Advocacy Center of Bristol County with a $50,000 contribution to their Spreading Our Wings Campaign. This campaign will raise money specifically dedicated for building expansion and modernization that will allow the CAC to
- [Mechanics Cooperative Bank Donates $25,000 to Bishop Stang High School in Support of the GAME ON Field Renovation Campaign](https://mechanics.bank/mechanics-cooperative-bank-donates-25000-to-bishop-stang-high-school-in-support-of-the-game-on-field-renovation-campaign/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce their support of the Bishop Stang High School GAME ON Field Renovation Campaign in the amount of $25,000. The GAME ON field renovation includes installing artificial turf to enhance the experience for student‐athletes and the wider community experience
- [Mechanics Cooperative Bank Supports the Fall River United Way Winter Clothing Drive](https://mechanics.bank/mechanics-cooperative-bank-supports-the-fall-river-united-way-winter-clothing-drive/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce their partnership with the United Way of Greater Fall River on a winter clothing drive (for both adults and children)! The need for warm coats, hats, gloves, and mittens is great in our community right now and Mechanics
- [A Timeline For Setting Up Successful Personal Finances in 2022](https://mechanics.bank/a-timeline-for-setting-up-successful-personal-finances-in-2022/) - Get your finances in order during 2022 by dedicating just a few hours each month for the first part of the year! Start the new year by setting your goals and working this timeline to end the year with a more organized financial life. January 2022 - Set Goals and Create a Plan A new
- [Essential Money Management Lessons for Today’s Teens](https://mechanics.bank/essential-money-management-lessons-for-todays-teens/) - It's time to teach your teen the many ropes of adulthood! While the list may be a long one, it's essential to include proper money management. By teaching teens these essential money management lessons, you'll rest assured knowing you've given them the tools to earn, save, and spend their money wisely. Creating a Budget A
- [Setting Up Your Business for Financial Success in 2022](https://mechanics.bank/setting-up-your-business-for-financial-success-in-2022/) - While the holiday season is the busiest time of the year for most businesses, it is essential to start preparing for the weeks and months that will follow. When your business is on an upward trend, it is easy to claim it is perfect and doesn’t need to make changes, but there is always room
- [5 Money-Saving Tips for the Holiday Season](https://mechanics.bank/5-money-saving-tips-for-the-holiday-season/) - In 2020, Americans spent about an average of $997 on holiday-related shopping. Going into the new year, this is a bill many would prefer to go without while still enjoying the holiday season. Lessen the blow of your holiday-related expenses with our five money-saving tips for the upcoming holiday season! #1: Create a Holiday Budget As
- [Why Business Checking Accounts Are Essential for New Business Owners](https://mechanics.bank/why-business-checking-accounts-are-essential-for-new-business-owners/) - Opening a business checking account should be one of the first things on the to-do list when starting a business, after gathering any required documentation to do so. Having a designated business checking account to start managing your new business’s finances correctly is essential for success. In general, the required documents to open your
- [A Guide to Organized Multi-Account Budgeting](https://mechanics.bank/a-guide-to-organized-multi-account-budgeting/) - Set yourself up for financial success with the ultimate budgeting hack, multi-account budgeting! This straightforward method entails creating separate bank accounts for your budget categories. It can be automated to take preset deposits from your paycheck into each category, so all you need to do is watch your financial goals be met and maintain your
- [Mechanics Cooperative Bank Hires Donna M. Caetano, As Vice President, Controller](https://mechanics.bank/mechanics-cooperative-bank-hires-donna-m-caetano-as-vice-president-controller/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Donna M. Caetano as Vice President, Controller. The Bank is proud to add Caetano’s wealth of banking and accounting experience to our growing team. President and CEO of Mechanics Cooperative Bank, Joseph T. Baptista Jr.
- [5 Tips to Save Money on Subscription Expenses](https://mechanics.bank/5-tips-to-save-money-on-subscription-expenses/) - No matter how small they may seem, subscriptions services can add up fast and cause a significant turn in your budget. With the proper management of these recurring expenses using our helpful tips, you can start saving money on your subscriptions to maintain your ideal budget. #1: Cut Out Unused Subscriptions The first and most
- [Simple & Free Strategies to Avoid Account Overdrafts](https://mechanics.bank/simple-free-strategies-to-avoid-account-overdrafts/) - If you make purchases or write checks that send your checking account into a negative balance, you can be charged an overdraft or insufficient funds fee by your financial institution — and not just once, but several times if you keep making purchases. This costly scenario can be avoided if you follow some of these
- [Set Yourself Up for Stress-Less Tax Filing](https://mechanics.bank/set-yourself-up-for-stress-less-tax-filing/) - Tax season is here! Avoid as much stress as you possibly can when filing your 2021 taxes with these helpful tips for setting yourself up for success. Organize Your Tax Documents Before you get started, getting organized is the first step toward a stress-free tax filing. Ensure you have received all your relevant tax documents
- [Protect Yourself From Identity Theft with These Identity Theft Protection Tips](https://mechanics.bank/protect-yourself-from-identity-theft-with-these-identity-theft-protection-tips/) - Unfortunately, there are currently many consumer scams targeting people to steal their personal information and identity. Hackers are getting smarter and more slick, and it is never easy to spot a consumer scam these days. However, there are identity protection actions you can take to try to keep yourself safe! Check out these helpful identity
- [2021 Year-End Financial Review Checklists for Consumers & Businesses](https://mechanics.bank/2021-year-end-financial-review-checklists-for-consumers-businesses/) - Get your finances in order for the new year by looking back at all you accomplished in 2021 and identifying where you need to improve in 2022. With the help of our 2021 year-end financial checklists, your personal or small business finances will be in top shape in no time. Check out these top benefits
- [5 Preparation Tips for First-Time Homebuyers in 2022](https://mechanics.bank/5-preparation-tips-for-first-time-homebuyers-in-2022/) - Taking on the challenge of buying a home in the new year is an exciting and important task, and it’s essential to be appropriately prepared to make the process as smooth as possible. With these five preparation tips for first-time homebuyers, you’ll be prepared to make that big purchase of your dream home in the
- [Best Practices for Buying a New Car During the Holidays](https://mechanics.bank/best-practices-for-buying-a-new-car-during-the-holidays/) - The holiday season is in full swing and holiday shopping deals are everywhere! It can be overwhelming to be buying a new car during the holidays with how busy dealerships are, but than possible to cut through the chaos and buy your new car during the holiday season. Research and Prepare for a Decision Before
- [Mechanics Cooperative Bank Purchases New 42,000 SQFT Building in Taunton to Serve as New Headquarters](https://mechanics.bank/mechanics-cooperative-bank-purchases-new-42000-sqft-building-in-taunton-to-serve-as-new-headquarters/) - TAUNTON, MASSACHUSETTS: The Board of Directors and Executive Leadership Team are thrilled to announce the recent purchase of a 42,000 square foot building located at 470 Myles Standish Boulevard, Taunton, that will soon serve as the bank’s new headquarters. Mechanics Cooperative Bank is excited for the opportunity to create a more efficient and collaborative work
- [5 Essential Steps to Securing a Small Business Loan](https://mechanics.bank/5-essential-steps-to-securing-a-small-business-loan/) - The right amount of cash flow can help small businesses thrive! This allows these businesses to make payroll, pay suppliers, and keep their everyday operations going. To maintain a positive cash flow, businesses can always turn to commercial bank lending to fill in any gaps in their finances, but banks don’t provide loans to just any business.
- [A Guide to Seasonal Budgeting for Small Businesses](https://mechanics.bank/a-guide-to-seasonal-budgeting-for-small-businesses/) - It's not uncommon for a business's sales cycle to peak at certain times of the year and drop at other times. This is a natural part of running a small business, and with a fine-tuned budget and the proper plan in place, you can minimize any financial surprises. Get your seasonal finances in order using
- [Choosing the Right Bank for Your Small Business](https://mechanics.bank/choosing-the-right-bank-for-your-small-business/) - Finding the right bank and financial partner for your small business is not a task to take lightly! Every bank offers a different combination of financial products and services for businesses of all sizes and types. Be sure to consider the following important factors for choosing a bank that meets your small business’ needs!
- [5 Benefits of a Business Checking Account](https://mechanics.bank/5-benefits-of-a-business-checking-account/) - Finding the right business checking account should be a priority for every business owner! Don’t muddy up your business finances by using a personal checking account. The best option for financial success for your business is by utilizing a business checking account and its features. These 5 benefits of using a business checking account will help
- [Commercial Equipment Financing Options for Businesses](https://mechanics.bank/commercial-equipment-financing-options-for-businesses/) - Reduce the upfront financial burden of replacing business equipment by accessing available equipment financing options. This refers to using a loan, line of credit, or lease to obtain equipment for a business purpose. All businesses have equipment needs, and whether it’s titled vehicles, industrial, construction, furniture, or landscaping equipment, there is an equipment financing option
- [Finding the Right SBA Loan for Your Business](https://mechanics.bank/finding-the-right-sba-loan-for-your-business/) - An (SBA) Small Business Administration Loan provides a viable alternative to traditional business financing to give small businesses the boost they need to succeed. As a participating SBA lender, Mechanics Cooperative Bank works with the SBA to provide your business the options to take advantage of several SBA loan programs. However, that still leaves the question
- [Mechanics Cooperative Bank Hires Christopher J. Lynch, as Vice President, Commercial Loan Officer](https://mechanics.bank/mechanics-cooperative-bank-hires-christopher-j-lynch-as-vice-president-commercial-loan-officer/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the appointment of Christopher J. Lynch as Vice President, Commercial Loan Officer. The Bank is proud to add Mr. Lynch’s wealth of banking and business management experience to our growing team. President and CEO of Mechanics Cooperative Bank,
- [Mechanics Cooperative Bank Supports PRIDE Inc. in Taunton with $2,500 Gift!](https://mechanics.bank/mechanics-cooperative-bank-supports-pride-inc-in-taunton-with-2500-gift/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the support of PRIDE Inc. in Taunton, MA with a $2,500 gift in support of their pavilion capital campaign. PRIDE Inc. is actively raising money to purchase a pavilion so that our participants, families, and community stakeholders have
- [A Guide to Preparing a Business Loan Application](https://mechanics.bank/a-guide-to-preparing-a-business-loan-application/) - Many businesses reach a point where they need additional financing to take them to the next level. A business loan can be one of the most reliable sources of funding for a small or medium business that needs capital. However, navigating the business loan application process can be confusing, especially for first-time applicants. If you’re
- [Best Practices for Buying Your First Home in 2022](https://mechanics.bank/best-practices-for-buying-your-first-home-in-2022/) - Buying your first home can be a daunting task, especially with the state of the housing market. While you may be a few steps away from your new home, these best practices for buying a home in 2022 will ease the pressure of the home buying process and help you become a homeowner. Check them
- [5 Ways to Improve Your Home Energy Efficiency](https://mechanics.bank/5-ways-to-improve-your-home-energy-efficiency/) - Summer is the perfect time of year to invest in the improvement of your home’s energy efficiency before the cold winter weather hits. While some projects may have a higher cost, they may be eligible for financing with a Mass Save Heat Loan, making this long-term investment in your home possible. Start saving money on your
- [A Guide to Summer Vacationing on a Budget](https://mechanics.bank/a-guide-to-summer-vacationing-on-a-budget/) - A summer vacation is a perfect opportunity to rest and restore after months of hard work and hustle. However, these days, your ideal summer destination could come with an inflated price tag. But don’t fret! There are plenty of ways to save money and have summer fun all at once. Check out this guide to
- [Mechanics Cooperative Bank Promotes Delfina A. Laranjo to Senior Vice President, Chief Financial Officer & Treasurer](https://mechanics.bank/mechanics-cooperative-bank-promotes-delfina-a-laranjo-to-senior-vice-president-chief-financial-officer-treasurer/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the promotion of Delfina A. Laranjo to Senior Vice President, Chief Financial Officer, and Treasurer. The bank is thrilled to fill this position from within our organization and proud to see Delfina’s significant professional development over the 15+
- [Mechanics Cooperative Bank Promotes Thomas Steele to Senior Vice President, Chief Technology Officer](https://mechanics.bank/mechanics-cooperative-bank-promotes-thomas-steele-to-senior-vice-president-chief-technology-officer/) - TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce the promotion of Thomas Steele to Senior Vice President, Chief Technology Officer. The bank is excited to award Tom for is hard work, dedication and significant expertise. President and CEO of Mechanics Cooperative Bank, Joseph T. Baptista Jr.
- [Mechanics Cooperative Bank Awards $20,000 in Scholarships in 2022 Highlighting an Impressive Group of Recipients!](https://mechanics.bank/mechanics-cooperative-bank-awards-20000-in-scholarships-in-2022-highlighting-an-impressive-group-of-recipients/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is once again proud to announce the recipients of our annual Scholarship Awards! The Mechanics Cooperative Bank scholarship program was created to support local students who excelled in academics, athletics, and community service, to help toward their pursuit for higher education. There was an amazing class of highly qualified students
- [Mechanics Cooperative Bank Awards $20,000 in Scholarships to Local Students](https://mechanics.bank/mechanics-cooperative-bank-awards-20000-in-scholarships-to-local-students/) - Mechanics Cooperative Bank recently awarded $20,000 in scholarships to 20 area students who have excelled in academics, athletics and community service to help them pursue their higher education goals. “Students like these are prime examples of why we continue to offer the Mechanics Cooperative Bank Scholarship program annually,” said Mechanics Cooperative Bank President and CEO
- [Top Questions About Cash Management for Your Business: Answered!](https://mechanics.bank/top-questions-about-cash-management-for-your-business-answered/) - No business has the same cash management needs. However, with a financial partner like Mechanics Cooperative Bank by your side, you’ll receive the help you need to determine the best combination of Cash Management services required to unlock your business’s full potential. The right services will help you maximize cash flow, save money, and reduce the
- [How First-Time Homebuyers Can Save for a Down Payment](https://mechanics.bank/how-first-time-homebuyers-can-save-for-a-down-payment/) - Many first-time buyers put off buying their first home due to a struggle to come up with a down payment and closing costs. However, there are many ways to save up for these additional upfront costs with the right plan and assistance available. Here’s how first-time homebuyers can save up for their down payment and
- [5 Money Saving Back-to-School Shopping Tips](https://mechanics.bank/5-money-saving-back-to-school-shopping-tips/) - The start of a new school year is almost here! That means the back-to-school shopping season is in full swing. With inflation at record highs, many are worried about the impact prices will have on their back-to-school shopping budgets, as the average family is expected to spend an average of $864 on school supplies this
- [Building Credit for Your Small Business in 2023](https://mechanics.bank/building-credit-for-your-small-business-in-2023/) - Establishing business credit is an essential milestone for any small business looking to grow in the new year! From incorporating your business to opening a Business Checking Account, there are several steps to build solid credit. This will help maintain a credit history separate from your personal credit history, unlock access to the benefits of
- [Protecting Your Checking Account from Fraud During the Holidays](https://mechanics.bank/protecting-your-checking-account-from-fraud-during-the-holidays/) - Financial fraud occurs year-round, but it remains more common around the holidays! With the chaos of the season, it’s essential to protect your Checking Account from scammers as you browse the top online deals, use your debit card, and balance your holiday budget. Stay safe this season and beyond using these secure digital banking tools included with
- [5 Questions to Ask Your Bank About a New Checking Account](https://mechanics.bank/5-questions-to-ask-your-bank-about-a-new-checking-account/) - Finding the Checking Account best suited to your everyday needs provides a foundation for sound financial health! Find what you’re looking for in a new Checking Account by asking your bank these crucial questions to determine the features a bank provides that will make managing personal finances a breeze. Does the bank offer Online and Mobile
- [Growing Your Small Business with a Business Checking Account](https://mechanics.bank/growing-your-small-business-with-a-business-checking-account/) - Start preparing your business for future growth today by establishing a sound financial system with a Business Checking Account! Get started with these methods for getting the most out of your account and banking relationship. Separate Personal and Business Finances Separating personal and business transactions is an important steppingstone toward seamless day-to-day management of a
- [Tips for Sticking to Your Holiday Budget This Season](https://mechanics.bank/tips-for-sticking-to-your-holiday-budget-this-season/) - Staying on budget can be challenging, but it becomes even tougher during the holidays. Expenses tend to pile up this time of year, from shopping to parties and traveling. While initial planning and saving early on is helpful, there are other ways to manage holiday spending and stick to your budget during the season! Make
- [Optimize Your Small Business with These Small Business Banking Best Practices](https://mechanics.bank/optimize-your-small-business-with-these-small-business-banking-best-practices/) - We know that when you’re a small business owner, you wear many hats for your business and have many tasks on your plate. However, making sure you have solid business banking systems in place is an extremely important piece in managing your business. That’s why we’ve put together some important small business banking best practices
- [Creating Your Holiday Savings Plan](https://mechanics.bank/creating-your-holiday-savings-plan/) - The holidays will be here before you know it! Prices continue to surge and waiting to prepare for holiday expenses until December can result in unplanned holiday debt payments with interest well into the new year. Avoid excess holiday debt by saving today with these steps to create your holiday savings plan! Create a
- [Mechanics Cooperative Bank Employees Dress-Down to Raise Over $14,000 for Local Non-Profits!](https://mechanics.bank/mechanics-cooperative-bank-employees-dress-down-to-raise-over-14000-for-local-non-profits/) - TAUNTON, MA: The 3rd Annual “Jeans for Charity” fundraiser was another huge success in 2022! Mechanics Cooperative Bank employees that enrolled in the Jeans for Charity program were allowed to wear jeans each Friday and Saturday throughout the year with their charitable contribution made weekly, via payroll deduction. In addition, Mechanics Cooperative Bank agreed to
- [Financial Resolutions to Set & Accomplish in 2023](https://mechanics.bank/financial-resolutions-to-set-accomplish-in-2023/) - The new year is officially here! This is an excellent opportunity for a fresh start when it comes to your finances. Whether you need to start saving more for the future or create better everyday money habits, these financial resolutions to set and accomplish this year are a great addition to your 2023 goals. Step
- [Multi-Account Budgeting Methods to Consider for 2023](https://mechanics.bank/multi-account-budgeting-methods-to-consider-for-2023/) - Keep your 2023 budget simple! With multi-account budgeting, allocate money from your paycheck regularly to multiple Checking and/or Savings Accounts and leave excessive technology or ongoing expense tracking in the past. Check out these three multi-account budgeting methods to consider in the new year and avoid account maintenance fees with a Free Choice Checking Account
- [Financial Lending Tips to Help You Grow Your Small Business in 2023](https://mechanics.bank/financial-lending-tips-to-help-you-grow-your-small-business-in-2023/) - As a small business owner, securing the right Business Loan to grow your business can be daunting. However, with the right approach and some planning, you can secure the funding you need to take your business to the next level. Check out these financial lending tips to help you grow your small business in 2023.
- [Mechanics Cooperative Bank Announces Employee Promotions for 2023!](https://mechanics.bank/mechanics-cooperative-bank-announces-employee-promotions-for-2023/) - TAUNTON, MA: Mechanics Cooperative Bank is proud to announce several promotions in 2023, supporting the Bank’s mission to create career paths for employees while growing talent from within the organization. President and CEO of Mechanics Cooperative Bank Joseph T. Baptista, Jr. said “I am both proud and thankful we can promote these individuals directly from
- [Mechanics Cooperative Bank Offers Assistance to Homebuyers Through Federal Home Loan Bank of Boston Programs](https://mechanics.bank/mechanics-cooperative-bank-offers-assistance-to-homebuyers-through-federal-home-loan-bank-of-boston-programs/) - Taunton, MA — Mechanics Cooperative Bank has been selected to participate in Federal Home Loan Bank of Boston’s homeownership assistance programs, Equity Builder Program and Housing Our Workforce. Equity Builder Program (EBP) provides grants to financial institutions to assist local income-eligible homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.
- [Mechanics Cooperative Bank BankOn Choice Checking Receives National Certification by Banking Advocates as Safe, Affordable Account!](https://mechanics.bank/mechanics-cooperative-bank-bankon-choice-checking-receives-national-certification-by-banking-advocates-as-safe-affordable-account/) - TAUNTON, MA: Today Mechanics Cooperative Bank announced that its BankOn Choice Checking was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards for 2023 - 2024. The national safe account Standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial
- [The Economic Impact of SBA Loans on Local Communities](https://mechanics.bank/the-economic-impact-of-sba-loans-on-local-communities/) - How SBA Loans Catalyze Local Prosperity SBA (Small Business Administration) Loans have emerged as a vital catalyst for local economic growth in the dynamic landscape of small business financing. These Loans not only empower small businesses but also have a profound impact on the communities they serve. Let's explore the symbiotic relationship between SBA Loans,
- [Mechanics Cooperative Bank Employees Dress-Down to Raise Over $16,000 for Local Non-Profits!](https://mechanics.bank/mechanics-cooperative-bank-employees-dress-down-to-raise-over-16000-for-local-non-profits/) - TAUNTON, MA: The 4th Annual “Jeans for Charity” fundraiser was another huge success in 2023! Mechanics Cooperative Bank employees that enrolled in the Jeans for Charity program were allowed to wear jeans each Friday and Saturday throughout the year with their charitable contribution made weekly, via payroll deduction. In addition, Mechanics Cooperative Bank agreed to
- [Mechanics Cooperative Bank Awards Scholarships to 9 Local Students!](https://mechanics.bank/mechanics-cooperative-bank-awards-scholarships-to-9-local-students/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is once again proud to announce the recipients of their annual scholarship awards! The Mechanics Cooperative Bank Scholarship Program was created to support and recognize outstanding academic achievements, leadership qualities, and community involvement amongst local students. The scholarship aims to support young talents in pursuing their educational dreams. The following
- [Mechanics Cooperative Bank Announces Installation  of EV Chargers at Numerous Locations](https://mechanics.bank/mechanics-cooperative-bank-announces-installation-of-ev-chargers-at-numerous-locations/) - Mechanics Cooperative Bank is excited to announce the installation of Electric Vehicle (EV) chargers at numerous branch locations. This initiative is part of the Bank's commitment to promoting sustainability and supporting the growing adoption of electric vehicles in the local community. With the installation of EV chargers, Mechanics Cooperative Bank aims to provide convenient charging
- [Mechanics Cooperative Bank Offers Assistance  to Homebuyers Through FHLBank Boston Program](https://mechanics.bank/mechanics-cooperative-bank-offers-assistance-to-homebuyers-through-fhlbank-boston-program/) - TAUNTON, MA (April 9, 2024) — Mechanics Cooperative Bank has been approved to participate in Federal Home Loan Bank of Boston’s homeownership assistance programs, Equity Builder Program and Housing Our Workforce. Both programs aid income-eligible homebuyers who are purchasing one- to four-family homes that will serve as their primary residence. Equity Builder Program (EBP) provides
- [A Guide to Smooth Home Buying: Preparing for a Mortgage](https://mechanics.bank/a-guide-to-smooth-home-buying-preparing-for-a-mortgage/) - As you begin the exciting journey of buying a home, there are crucial steps you should take before diving into the mortgage application process. These valuable tips can help you prepare your finances and set yourself up for success before applying for a mortgage. Assess Your Finances: Before applying for a mortgage, it's essential to have
- [Mastering Your Finances with Digital Banking Services](https://mechanics.bank/mastering-your-finances-with-digital-banking-services/) - Efficiently managing your personal finances is crucial in today’s fast-paced world. Our user-friendly digital banking services have revolutionized money management, offering unparalleled convenience and control. Here’s how you can use these services to take charge of your finances. Access Your Accounts Anytime, Anywhere: Our digital banking services let you access your accounts 24/7, monitor balances
- [Boston Business Journal names Mechanics Cooperative Bank a 2024 Best Places to Work company!](https://mechanics.bank/boston-business-journal-names-mechanics-cooperative-bank-a-2024-best-places-to-work-company/) - Taunton, MA — The Boston Business Journal has named Mechanics Cooperative Bank to its 2024 Best Places to Work — the BBJ’s exclusive ranking of the Massachusetts companies that have built outstanding work environments for their people. The 80 companies honored in 2024 range in size and industry, with winners from the financial sector, technology,
- [Embracing a Greener Future with New EV Charging Stations](https://mechanics.bank/embracing-a-greener-future-with-new-ev-charging-stations/) - Mechanics Cooperative Bank is thrilled to offer Electric Vehicle (EV) chargers at several of our branch locations. This initiative highlights our commitment to promoting sustainability and supporting the growing adoption of electric vehicles in our community. Benefits of EV Charging Stations Convenience for Customers: Our EV chargers are meticulously designed to provide a seamless and
- [Discover the Benefits of Free Checking at a Community Bank](https://mechanics.bank/discover-the-benefits-of-free-checking-at-a-community-bank/) - Discover the Benefits of Free Checking at a Community Bank Choosing the right checking account can greatly influence your personal finances and how you manage your money! Community banks, such as Mechanics Cooperative Bank, are a standout option when it comes to choosing who to bank with and where to get a Free Checking Account.
- [Helpful Strategies for Paying Down Debt](https://mechanics.bank/helpful-strategies-for-paying-down-debt/) - Debt is weighing heavy on many Americans, and we know that planning to try and work towards paying down debt can be intimidating. By implementing sustainable and achievable changes in your financial habits, you can start saving on less essential items and use the extra funds towards paying down your debt. Ready to work towards
- [5 Cybersecurity Tips to Protect Your Small Business](https://mechanics.bank/5-cybersecurity-tips-to-protect-your-small-business/) - In today’s increasingly digital landscape, small businesses rely more on technology than ever. However, this reliance comes with a growing risk of online attacks, leading to financial loss, reputation damage, and operational disruptions. Small businesses are often perceived as easy targets for cybercriminals due to limited resources dedicated to IT security. We are committed to
- [Stay Safe This Holiday Season: Online Shopping Fraud Prevention Tips](https://mechanics.bank/stay-safe-this-holiday-season-online-shopping-fraud-prevention-tips/) - The holiday season is here, and with it comes a surge in online shopping. While this time of year brings exciting deals and the joy of gift-giving, it also brings an increased risk of scams, fraud, and theft. Cybercriminals are known to target holiday shoppers, taking advantage of busy online shoppers and offering fake deals
- [Enhanced Online Security Alert](https://mechanics.bank/enhanced-online-security-alert/) - Please note due to enhanced security measures, as of Monday, July 17, 2023 you may be required to reset your password before logging in. Important Reminder: Passwords are an important aspect of information security as they serve as your first line of defense in protecting your information online. If you have any questions, please do
- [Mechanics Cooperative Bank Awards Scholarships to 10 Local Students in 2024 and Announces 2025 Scholarship!](https://mechanics.bank/mechanics-cooperative-bank-awards-scholarships-to-10-local-students-in-2024-and-announces-2025-scholarship/) - [et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank is once again proud to announce the recipients of their annual Scholarship Awards! The Mechanics Cooperative Bank scholarship program was created to support and recognize outstanding academic achievements, leadership qualities, and community involvement amongst local students. The scholarship aims to support young talents in
- [Why a Community Bank is Your Best Choice](https://mechanics.bank/why-a-community-bank-is-your-best-choice/) - In an era where big banks dominate the financial landscape, community banks stand out as pillars of local support and personalized service. While larger institutions often prioritize corporate goals, community banks are focused on what truly matters: building lasting relationships with their customers and investing in the local community. If you're looking for a banking
- [Mechanics Cooperative Bank Employees Dress-Down to Raise Over $18,000 for Local Non-Profits!](https://mechanics.bank/mechanics-cooperative-bank-employees-dress-down-to-raise-over-18000-for-local-non-profits/) - Mechanics Cooperative Bank Employees Dress-Down to Raise Over $18,000 for Local Non-Profits! TAUNTON, MA: The 5th Annual “Jeans for Charity” fundraiser was another huge success in 2024! Mechanics Cooperative Bank employees that enrolled in the Jeans for Charity program were allowed to wear jeans each Friday and Saturday throughout the year with their charitable contribution
- [Mechanics Cooperative Bank Celebrates Employee Promotions, Reflecting on a Year of Success and Growth!](https://mechanics.bank/2024-promotions/) - TAUNTON, MASSACHUSETTS: Mechanics Cooperative Bank proudly reflects on the achievements of 2024, including the promotions of five employees. These promotions are a testament to our dedication to nurturing talent and fostering a culture of excellence within our organization. In celebration of their achievements, and in support of the Bank’s mission to create career paths for
- [The Risks of Sharing Your Bank Credentials](https://mechanics.bank/the-risks-of-sharing-your-bank-credentials/) - In today’s digital banking landscape, protecting your financial information is crucial. It’s important to remember that you should never share your online banking credentials with anyone! Below are 4 reasons on how sharing your banking information can be harmful and impact you directly: Identity Theft: Your banking information is linked to sensitive personal data, making it a
- [Finding Financial Harmony as a Couple](https://mechanics.bank/finding-financial-harmony-as-a-couple/) - Money can be a source of stress in any relationship, but it doesn’t have to be. Open communication, shared goals, and innovative banking choices can help couples navigate their financial journey together! Whether you are newlyweds merging finances for the first time or long-term partners looking to refine your money management strategy, here are some

## Pages

- [Home](https://mechanics.bank/) - Since 1877 Mechanics Cooperative Bank has provided personal & business banking based on principles of systematic saving, accessible lending, & community support
- [Bank Information](https://mechanics.bank/about-us/bank-information/) - Throughout its history, Mechanics Cooperative Bank has been instrumental in helping our customers save, achieve home ownership and grow their business.
- [Consumer Loans](https://mechanics.bank/lending/consumer-loans/) - Consumer Loans from Mechanics Cooperative Bank include new & used auto loans, winter-proofing your home, or covering an unexpected expense.
- [Deposit Rates](https://mechanics.bank/personal/deposit-rates/) - Deposit Rates at Mechanics Cooperative Bank for our Certificates of Deposit customers, along with specials on rates
- [Let’s Keep it Local!](https://mechanics.bank/community-news/lets-keep-it-local/) - We’re proud to support our communities through local banking, charitable giving, and lasting customer relationships. Let’s Keep it Local!®
- [Free Coin Counting](https://mechanics.bank/about-us/free-coin-counting/) - [et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" background_image="https://mechanics.bank/wp-content/uploads/2026/02/Penny-Banner-scaled.png" custom_padding="8em||8em||true|false" background_color_phone="#113C7A" background_last_edited="on|phone" background_enable_color_phone="on" background_position_phone="top_left" border_width_bottom="4px" border_color_bottom="#113C7A" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_text_align="center" header_text_color="#FFFFFF" header_font_size="55px" header_2_text_color="#FFFFFF" background_color="RGBA(255,255,255,0)" custom_margin="||||false|false" custom_padding="16px|16px|16px||true|false" hover_enabled="0" header_font_size_tablet="55px" header_font_size_phone="45px" header_font_size_last_edited="on|phone" background_color_phone="rgba(17,60,122,0.67)" background_last_edited="on|phone" background_enable_color_phone="on" dvmd_acat_aria_document_structure_role="heading" dvmd_acat_aria_role_selector="h1" global_colors_info="{}" sticky_enabled="0"] Free Coin Counting for All* [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" background_color="#113C7A" custom_padding="1px||1px||true|false" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_module="1571"
- [Security Center](https://mechanics.bank/community-news/security-center/) - Mechanics Cooperative Bank's Security Center is our resource for best practices to protect you & your accounts, and essential tips to enhance your online safety
- [Security Resources](https://mechanics.bank/community-news/security-center/security-resources/) - Find help with staying ahead of scammers and keeping your money safe using our Mechanics Cooperative Bank's Security Resources Center.
- [Directors & Officers](https://mechanics.bank/about-us/directors-officers/) - Meet the Leadership Team of directors, officers & board members of Mechanics Cooperative Bank, a Bristol county banking institution since 1877
- [Scholarships](https://mechanics.bank/community-news/scholarships/) - Mechanics Cooperative Bank awards annual college scholarships from $500-$1,500 to selected high school seniors towards tuition & other school related expenses.
- [New Partnership](https://mechanics.bank/new-partnership/) - [et_pb_section fb_built="1" custom_padding_last_edited="on|phone" _builder_version="4.27.4" _module_preset="default" background_image="https://mechanics.bank/wp-content/uploads/2025/12/new-partnership.png" custom_padding="11em||11em||true|false" custom_padding_tablet="11em||11em||true|false" custom_padding_phone="2em||2em||true|false" global_colors_info="{}"][et_pb_row column_structure="1_2,1_2" _builder_version="4.27.4" _module_preset="default" custom_margin="-25px||||false|false" global_colors_info="{}"][et_pb_column type="1_2" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][/et_pb_column][et_pb_column type="1_2" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_font="|800|||||||" header_font_size="60px" header_letter_spacing="1px" background_color="rgba(17,60,122,0.85)" background_layout="dark" custom_padding="15px||15px|30px|true|false" header_font_size_tablet="60px" header_font_size_phone="45px" header_font_size_last_edited="on|phone" dvmd_acat_aria_document_structure_role="heading" dvmd_acat_aria_role_selector="h1" global_colors_info="{}"]New Partnership[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" custom_padding="1px||4px||false|false" global_colors_info="{}"][et_pb_row column_structure="1_3,1_3,1_3" _builder_version="4.27.4" _module_preset="default" width="97%" max_width="1200px" custom_padding="80px||80px|||" locked="off" global_colors_info="{}"][et_pb_column type="1_3" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_blurb
- [Local Business Banking Lending](https://mechanics.bank/local-business-banking-lending/) - [et_pb_section fb_built="1" custom_padding_last_edited="on|phone" _builder_version="4.27.4" _module_preset="default" use_background_color_gradient="on" background_color_gradient_direction="216deg" background_color_gradient_stops="rgba(17,60,122,0.32) 0%|rgba(36, 166, 159, 0.11) 100%|rgba(41,196,169,0) 100%" background_color_gradient_overlays_image="on" background_image="https://mechanics.bank/wp-content/uploads/2025/11/shutterstock_1882428850-copy-scaled.webp" background_position="top_left" custom_padding="8em||8em||false|false" custom_padding_tablet="11em||10em||false|false" custom_padding_phone="5em||5em||false|false" global_colors_info="{}"][et_pb_row column_structure="1_4,3_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_column type="1_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][/et_pb_column][et_pb_column type="3_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_font="|800|||||||" header_text_align="center" header_font_size="60px" header_letter_spacing="1px" background_color="rgba(17,60,122,0.85)" background_layout="dark" custom_padding="16px|48px|16px|48px|true|true" hover_enabled="0" header_font_size_tablet="45px" header_font_size_phone="45px" header_font_size_last_edited="on|tablet" dvmd_acat_aria_document_structure_role="heading" dvmd_acat_aria_role_selector="h1" global_colors_info="{}" header_font_size__hover_enabled="off|desktop" sticky_enabled="0"]Business Banking & Lending[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1"
- [Personal](https://mechanics.bank/personal/) - Personal banking options at Mechanics Cooperative Bank include checking, savings, digital banking & more!
- [Schedule of Rates & Fees](https://mechanics.bank/about-us/schedule-of-rates-fees/) - Mechanics Cooperative Bank's schedule of Rates and Fees provides information regarding Minimum balance requirements, Monthly maintenance fees, (APY) & more
- [Manage Your Money](https://mechanics.bank/manage-your-money/) - [et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" use_background_color_gradient="on" background_color_gradient_direction="270deg" background_color_gradient_stops="rgba(17,60,122,0.18) 0%|rgba(41,196,169,0) 100%" background_color_gradient_overlays_image="on" background_image="https://mechanics.bank/wp-content/uploads/2025/10/Money-Your-Money-scaled.webp" custom_padding="9em||9em||true|false" locked="off" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" width="95%" max_width="1200px" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_font="|800|||||||" header_font_size="60px" header_letter_spacing="1px" background_layout="dark" custom_margin="||0px|||" header_font_size_tablet="60px" header_font_size_phone="45px" header_font_size_last_edited="on|phone" header_text_shadow_style="preset3" global_colors_info="{}"]Bread. Moolah. Dough.[/et_pb_text][et_pb_text _builder_version="4.27.4" _module_preset="default" header_font="|800|||||||" header_font_size="60px" header_letter_spacing="1px" background_layout="dark" header_font_size_tablet="60px" header_font_size_phone="45px" header_font_size_last_edited="on|phone" header_text_shadow_style="preset3" global_colors_info="{}"]No matter what you call your money, we've
- [Somerset Branch](https://mechanics.bank/about-us/locations/somerset-branch/) - Get in touch with the Somerset branch of Mechanics Cooperative Bank. Phone: 508-679-1076 Address: 1236 County Street Somerset, MA 02726
- [Main Office – Taunton](https://mechanics.bank/about-us/locations/main-office-taunton/) - Get in touch with the Main Office at Mechanics Cooperative Bank. Phone: 508-823-7744 Address: 316 Broadway Taunton, MA 02780
- [Investments & Retirement Planning](https://mechanics.bank/financial-planning/investments-retirement-planning/) - Our experts can analyze the current market conditions, and explain the available options for you to make an informed retirement planning decision.
- [Financial Planning](https://mechanics.bank/financial-planning/) - Mechanics Cooperative Bank has partnered with people who can provide you with the right financial planning tools to secure your future
- [North Dighton Branch](https://mechanics.bank/about-us/locations/north-dighton-branch/) - Get in touch with the North Dighton branch of Mechanics Cooperative Bank. Phone: 508-880-2828 Address: 596 Somerset Ave N. Dighton, MA 02764
- [New Bedford Branch](https://mechanics.bank/about-us/locations/new-bedford-branch/) - Get in touch with the New Bedford branch of Mechanics Cooperative Bank. Phone: 508-717-3365 Address: 1238 Kempton Street New Bedford, MA 02740
- [Premier Choice Savings](https://mechanics.bank/personal/savings/premier-choice-savings/) - Designed to pair with our Premier Choice Checking
- [Savings](https://mechanics.bank/personal/savings/) - Mechanics Cooperative Bank Choice Savings products fit your personal savings goals. Whether you need long term products that earn fixed rates or liquid products that allow you access to your money when needed
- [Rooted In Community](https://mechanics.bank/rooted-in-community/) - [et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" use_background_color_gradient="on" background_color_gradient_direction="270deg" background_color_gradient_stops="rgba(17,60,122,0.18) 0%|rgba(41,196,169,0) 100%" background_color_gradient_overlays_image="on" background_image="https://mechanics.bank/wp-content/uploads/2025/08/Community-Banking-Header.png" custom_padding="9em||9em||true|false" locked="off" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" width="95%" max_width="1200px" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_font="|800|||||||" header_font_size="60px" header_letter_spacing="1px" background_layout="dark" custom_margin="||0px|||" header_font_size_tablet="60px" header_font_size_phone="45px" header_font_size_last_edited="on|phone" header_text_shadow_style="preset3" global_colors_info="{}"]Community Banking[/et_pb_text][et_pb_text _builder_version="4.27.4" _module_preset="default" header_font="|800|||||||" header_font_size="60px" header_letter_spacing="1px" background_layout="dark" header_font_size_tablet="60px" header_font_size_phone="45px" header_font_size_last_edited="on|phone" header_text_shadow_style="preset3" global_colors_info="{}"]Rooted in Community. Grown With Care[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default"
- [Locations](https://mechanics.bank/about-us/locations/) - Mechanics Cooperative Bank has 10 locations in Bristol county, plus EV charging at their Taunton, North Dighton, Bridgewater, Westport & New Bedford locations.
- [EV Charging](https://mechanics.bank/ev-charging/) - Mechanics Cooperative Bank now offers EV charging at select branches—supporting sustainability and a cleaner future for our community.
- [Free Community Shred Day](https://mechanics.bank/free-community-shred-day/) - [et_pb_section fb_built="1" custom_padding_last_edited="on|phone" _builder_version="4.27.4" _module_preset="default" use_background_color_gradient="on" background_color_gradient_direction="216deg" background_color_gradient_stops="rgba(17,60,122,0.32) 0%|rgba(36, 166, 159, 0.11) 100%|rgba(41,196,169,0) 100%" background_color_gradient_overlays_image="on" background_image="https://mechanics.bank/wp-content/uploads/2025/08/AdobeStock_87179725-scaled.jpeg" custom_padding="8em||8em||false|false" custom_padding_tablet="11em||10em||false|false" custom_padding_phone="5em||5em||false|false" global_colors_info="{}"][et_pb_row column_structure="2_5,3_5" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_column type="2_5" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][/et_pb_column][et_pb_column type="3_5" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_font="|800|||||||" header_text_align="center" header_font_size="60px" header_letter_spacing="1px" background_color="rgba(17,60,122,0.85)" background_layout="dark" custom_padding="16px|48px|16px|48px|true|true" header_font_size_tablet="45px" header_font_size_phone="45px" header_font_size_last_edited="on|tablet" dvmd_acat_aria_document_structure_role="heading" dvmd_acat_aria_role_selector="h1" global_colors_info="{}" header_font_size__hover_enabled="off|desktop"]Free Community Shred Day[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" custom_padding="||||false|false"
- [ADA Accessibility](https://mechanics.bank/ada-accessibility/) - [et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" use_background_color_gradient="on" background_color_gradient_direction="163deg" background_color_gradient_stops="rgba(17,60,122,0.75) 0%|rgba(41,196,169,0) 100%" background_color_gradient_overlays_image="on" background_image="https://mechanics.bank/wp-content/uploads/2025/08/banner-ADA-Accessibility-keyboard.jpg" custom_padding="6em||6em||true|false" dvmd_acat_aria_document_structure_role="heading" dvmd_acat_aria_role_selector="et_pb_section" border_width_bottom="4px" border_color_bottom="#113C7A" global_colors_info="{}"][et_pb_row column_structure="1_2,1_2" _builder_version="4.27.4" _module_preset="default" custom_margin="-3em||||false|false" global_colors_info="{}"][et_pb_column type="1_2" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][/et_pb_column][et_pb_column type="1_2" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_text_align="center" header_text_color="#FFFFFF" header_font_size="45px" background_color="rgba(17,60,122,0.85)" custom_padding="15px||15px||true|false" dvmd_acat_aria_document_structure_role="heading" dvmd_acat_aria_role_selector="h1" global_colors_info="{}"]ADA Accessibility[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" dvmd_acat_aria_document_structure_role="document" border_width_bottom="2px" border_color_bottom="#113C7A" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text
- [Looking Ahead](https://mechanics.bank/about-us/looking-ahead/) - [et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" background_image="https://mechanics.bank/wp-content/uploads/2025/08/shutterstock_2315184897-scaled.jpg" custom_padding="8em||8em||true|false" hover_enabled="0" border_width_bottom="4px" border_color_bottom="#113C7A" global_colors_info="{}" title_text="Road,Panorama,Outdoors,In,Sunny,Summer,Day.,Empty,Asphalt,Road" sticky_enabled="0"][et_pb_row column_structure="1_2,1_2" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_column type="1_2" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][/et_pb_column][et_pb_column type="1_2" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_text_align="center" header_text_color="#FFFFFF" header_font_size="55px" header_2_text_color="#FFFFFF" custom_padding="15px||15px||true|false" hover_enabled="0" header_font_size_tablet="55px" header_font_size_phone="45px" header_font_size_last_edited="on|phone" dvmd_acat_aria_document_structure_role="heading" dvmd_acat_aria_role_selector="h1" global_colors_info="{}" background_color="#113C7A" sticky_enabled="0"]Looking Ahead[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" background_color="#113C7A" custom_padding="1px||1px||true|false" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_module="1571" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_menu
- [Merger Notice](https://mechanics.bank/merger-notice/) - [et_pb_section fb_built="1" theme_builder_area="post_content" _builder_version="4.27.4" _module_preset="default"][et_pb_row _builder_version="4.27.4" _module_preset="default" theme_builder_area="post_content"][et_pb_column _builder_version="4.27.4" _module_preset="default" type="4_4" theme_builder_area="post_content"][et_pb_text _builder_version="4.27.4" _module_preset="default" theme_builder_area="post_content" hover_enabled="0" sticky_enabled="0"]The Commonwealth of Massachusetts Board of Bank Incorporation[/et_pb_text][et_pb_text _builder_version="4.27.4" _module_preset="default" theme_builder_area="post_content" hover_enabled="0" sticky_enabled="0"]MOUNTAINONE FINANCIAL, MHC (MOUNTAINONE MHC) and MOUNTAINONE FINANCIAL, INC. (MOUNTAINONE INC.), North Adams, Massachusetts have petitioned the Board of Bank Incorporation (Board), pursuant to Massachusetts General Laws
- [Business Checking](https://mechanics.bank/business/business-checking/) - Business Checking at Mechanics Cooperative Bank offers Free, Choice, Premier, IOLTA & Non-Profit options as well as credit card & point of sale services
- [Cookie Policy](https://mechanics.bank/cookie-policy/) - Read our Cookie Policy Information about Mechanics Cooperative Bank’s use of cookies, and your opt-out choices
- [Privacy Policy](https://mechanics.bank/privacy-policy/) - Mechanics Cooperative Bank Privacy Policy has our policies on keeping your information secure.
- [Site Map](https://mechanics.bank/site-map/) - Mechanics Cooperative Bank site map helsp you to locate the information you need quickly and efficiently with direct links to all of our site's sections & pages
- [Contact Us](https://mechanics.bank/about-us/contact-us/) - To contact Mechanics Cooperative Bank, email us or please call 1-888-MECHANICS (632-4264) for specific questions or requests regarding your account. Thank you!
- [Careers](https://mechanics.bank/about-us/careers/) - Make your next career move to Mechanics Cooperative Bank, an Equal Opportunity Employer voted one of Boston Business Journals Best Places to Work for 2024.
- [Customer Service](https://mechanics.bank/about-us/locations/customer-service/) - Customer Service at Mechanics Cooperative Bank can be reached at 1-888-MECHANICS (632-4264). Report a lost or stolen card by calling 1-855-961-1602
- [About Us](https://mechanics.bank/about-us/) - Since 1877, Mechanics Cooperative Bank has proudly served our community with a commitment to helping individuals and businesses achieve financial success.
- [Fraud Reporting](https://mechanics.bank/community-news/security-center/fraud-reporting/) - Our Fraud Reporting page has resources that could aid in protecting you and your accounts by contacting the right agency or office to report account fraud
- [Security Alerts](https://mechanics.bank/community-news/security-center/security-alerts/) - Stay informed with the latest security alerts and fraud prevention tips from Mechanics Cooperative Bank. Protect your accounts with expert updates and guidance.
- [Charitable Giving](https://mechanics.bank/community-news/lets-keep-it-local/charitable-giving/) - The Mechanics Cooperative Bank Charitable Giving Program was established to support communities throughout Rhode Island and in Bristol and Plymouth Counties
- [Press Releases & News](https://mechanics.bank/community-news/press-releases-news/) - Get the latest press releases, announcements, and news from Mechanics Cooperative Bank highlighting our commitment to the communities we serve
- [Community & News](https://mechanics.bank/community-news/) - Our Community & News section has updates about Mechanics Cooperative Bank at work in the community
- [Insurance](https://mechanics.bank/financial-planning/insurance/) - Our partner, RDA Insurance has been a community leader in providing quality insurance solutions for both personal and business customers
- [Mortgages](https://mechanics.bank/lending/mortgages/) - Mortgages & Home Equity Loans are available through Mechanics Cooperative Bank via our online application or by calling our Loan Specialist directly
- [Lending](https://mechanics.bank/lending/) - Mechanics Cooperative Bank lending resources include mortgages, researching using our Mortgage Center & Consumer Loans such as Auto, LOC & Home Heating
- [Bank@Work](https://mechanics.bank/business/bankwork/) - Our Bank@Work Program gives your employees access to state-of-the-art banking products and money saving perks plus benefits for your company
- [Business Mobile Banking](https://mechanics.bank/business/business-digital-banking/business-mobile-banking/) - The Mechanics Cooperative Bank Business Mobile Banking app accesses all of your business accounts including Mobile Deposit, ACH Services, Bill Pay & eAlerts
- [Remote Deposit Capture](https://mechanics.bank/business/business-digital-banking/remote-deposit-capture/) - Remote Deposit Capture allows a user to scan check deposits quickly & conveniently, right from their desktop using a PC and a scanner connected to the Internet
- [Positive Pay](https://mechanics.bank/business/business-digital-banking/positive-pay/) - Mechanics Cooperative Bank offers Positive Pay–an automated Cash Management service that helps detect and prevent check and ACH fraud
- [Business Internet Banking](https://mechanics.bank/business/business-digital-banking/business-internet-banking/) - We can help you get the most from our Business Internet Banking product with features that help you manage your finances when and where you want.
- [Cash Management & Online Banking](https://mechanics.bank/business/business-digital-banking/) - Mechanics Cooperative Bank offers cash management and online banking solutions to help you stay in control of your business finances
- [Letters and Lines of Credit](https://mechanics.bank/business/business-lending/letters-and-lines-of-credit/) - Mechanics Cooperative Bank offers Letters & Lines of Credit for seasonal working capital, inventory and/or receivables financing
- [Overdraft Protection Line of Credit](https://mechanics.bank/business/business-lending/overdraft-protection-line-of-credit/) - With our Overdraft Protection Line of Credit you’ll never have to worry about returned check fees or being embarrassed by an inadvertent overdraft.
- [SBA Lending](https://mechanics.bank/business/business-lending/sba-lending/) - SBA Lending with Mechanics Cooperative Bank can provide your business with viable alternatives to traditional business financing
- [Term Loans](https://mechanics.bank/business/business-lending/term-loans/) - Mechanics Cooperative Bank offers Term Loans from $5,000 to over $1,000,000 are available for what your business needs to grow
- [Commercial Mortgages](https://mechanics.bank/business/business-lending/commercial-mortgages/) - Commercial Mortgages up to $10,000,000 with competitive fixed or variable rates available for the purchase, renovation or refinancing of commercial real estate
- [Business Lending](https://mechanics.bank/business/business-lending/) - Business Lending with Mechanics Cooperative Bank offers flexible business lending solutions designed to support your goals and move your business forward.
- [Business CDs](https://mechanics.bank/business/business-savings/business-cds/) - Enjoy competitive rates and quality customer service when you choose a Business CD product from Mechanics Cooperative Bank.
- [Choice Business Money Market Account](https://mechanics.bank/business/business-savings/choice-business-money-market-account/) - A Business Money Market Account pays higher rates than traditional savings and checking accounts. Contact Mechanics Cooperative Bank to open one today
- [Business Savings](https://mechanics.bank/business/business-savings/) - Business Savings options at Mechanics Cooperative Bank include a Choice Business Money Market account and Business Certificates of Deposit
- [Merchant Credit Card Services & POS](https://mechanics.bank/business/business-checking/merchant-credit-card-services-pos/) - Mechanics Cooperative Bank's Merchant Credit Card Services & POS makes it easy for customers to check out and process credit cards securely
- [Choice Non-Profit Checking](https://mechanics.bank/business/business-checking/choice-non-profit-checking/) - Choice Non-Profit Checking offers No monthly service fees, unlimited activity, 24 hour account access & free access to our coin counting machine where available
- [Choice IOLTA Checking](https://mechanics.bank/business/business-checking/choice-iolta-checking/) - IOLTA accounts are specifically for attorneys holding deposits for their clients with Interest on collected balances paid monthly to the MA IOLTA Committee
- [Premier Choice Business Checking](https://mechanics.bank/business/business-checking/premier-choice-business-checking/) - Premier Choice Business Checking from Mechanics Cooperative Bank accommodates businesses that carry large balances & require a high rate of monthly transactions
- [Choice Business Checking 200](https://mechanics.bank/business/business-checking/choice-business-checking-200/) - With a Choice Business Checking 200 monthly fees are waived with an average daily balance of $1500 with up to 200 free items per month
- [Choice Free Business Checking](https://mechanics.bank/business/business-checking/choice-free-business-checking/) - Choice Free Business Checking from Mechanics Cooperative Bank offers free 1st 100 items per month plus Overdraft Protection LOC Available to qualified borrowers
- [Business](https://mechanics.bank/business/) - We’re as focused on helping your business thrive as you are! View our options for checking, savings, lending and more!
- [Digital Banking](https://mechanics.bank/personal/digital-banking/) - Mechanics Cooperative Bank has fast, secure and easy digital banking solutions to help you manage your finances and make purchases anywhere
- [Contactless Debit Card](https://mechanics.bank/personal/digital-banking/contactless-debit-card/) - With a Mechanics Cooperative Bank Contactless Debit Card, tap to pay is fast and provides even more security protection against fraud
- [Digital Wallets](https://mechanics.bank/personal/digital-banking/digital-wallets/) - Load your Mechanics Cooperative Bank Debit Card into your mobile device digital wallet and make purchases at thousands of retailers using only your phone!
- [Real-Time Alerts](https://mechanics.bank/personal/digital-banking/real-time-alerts/) - With Real-Time Alerts, you can receive instant notification for various account activities ensuring you never miss important updates 24/7
- [Real Time Payments](https://mechanics.bank/personal/digital-banking/real-time-payments/) - Enjoy the convenience of receiving immediate, real-time payments from people and businesses via Mechanics Cooperative Bank
- [Mobile Deposit](https://mechanics.bank/personal/digital-banking/mobile-deposit/) - Deposit Checks from anywhere using Mechanics Cooperative Bank's Mobile Deposit service. Get instructions and FAQs here
- [Mobile Banking](https://mechanics.bank/personal/digital-banking/mobile-banking/) - Mobile Banking and Mobile Deposit from Mechanics Cooperative Bank make everywhere and anywhere your virtual banking office!
- [Certificates of Deposit](https://mechanics.bank/personal/savings/certificates-of-deposit/) - Secure your savings with fixed terms and competitive rates.
- [Personal Money Market](https://mechanics.bank/personal/savings/personal-money-market/) - Earn more with higher interest rates
- [Classic Savings](https://mechanics.bank/personal/savings/classic-savings/) - Classic Banking – meets Classic Savings. Our Passbook Savings account option.
- [Statement Savings](https://mechanics.bank/personal/savings/statement-savings/) - Our standard savings account product
- [eChoice Savings](https://mechanics.bank/personal/savings/echoice-savings/) - Mechanics Cooperative Bank eChoice Savings: The perfect paperless account for customers who bank online
- [BankOn Choice Checking](https://mechanics.bank/personal/checking/bankon-choice-checking/) - A check-less account with no overdraft fees – ideal for safe, straightforward money management.
- [18/65 Choice](https://mechanics.bank/personal/checking/18-65-choice/) - Tailored for customers aged 18, or 65+, this account has no minimum balance, and no monthly service fees!
- [Top Choice Checking](https://mechanics.bank/personal/checking/top-choice-checking/) - Act’s like a money market, works like a checking!
- [Premier Choice Checking](https://mechanics.bank/personal/checking/premier-choice-checking/) - A premier checking account designed for those looking to get the most of their banking relationship!
- [Unlimited Choice NOW](https://mechanics.bank/personal/checking/unlimited-choice-now/) - Earn interest on your balance while enjoying all the benefits of modern checking.
- [eChoice Checking](https://mechanics.bank/personal/checking/echoice-checking/) - Built for life, on the go!
- [Free Choice Checking](https://mechanics.bank/personal/checking/free-choice-checking/) - A simple, everyday account with no monthly fees
- [Checking](https://mechanics.bank/personal/checking/) - Personal Checking at Mechanics Cooperative Bank has accounts for all. Whether you are retired, starting your family or opening your first bank account, we've got your back!
- [Consumer Loan Application](https://mechanics.bank/lending/consumer-loans/consumer-loan-application/) - Apply online for a consumer with Mechanics Cooperative Bank. Fast, secure, and easy financing tailored to your needs.
- [Westport Branch](https://mechanics.bank/about-us/locations/westport-branch/) - Get in touch with the Westport branch of Mechanics Cooperative Bank. Phone: 508-679-1926 Address: 165 State Road Westport, MA 02790
- [Taunton Branch](https://mechanics.bank/about-us/locations/taunton-branch/) - Get in touch with the Taunton branch of Mechanics Cooperative Bank. Phone: 508-823-7722 Address: 75 County Street Taunton, MA 02780
- [Swansea Branch](https://mechanics.bank/about-us/locations/swansea-branch/) - Get in touch with the Swansea branch of Mechanics Cooperative Bank. Phone: 508-679-1086 Address: 201 G.A.R. Highway Swansea, MA 02777
- [Loan Center](https://mechanics.bank/about-us/locations/loan-center/) - Get in touch with the Loan Center at Mechanics Cooperative Bank. Phone: 508-823-7744 Address: 470 Myles Standish Blvd. Taunton, MA 02780
- [Fall River Branch](https://mechanics.bank/about-us/locations/fall-river-branch/) - Get in touch with the Fall River branch of Mechanics Cooperative Bank. Phone: 508-679-1961 Address: 60 Bedford Street Fall River, MA 02720
- [Corporate Headquarters – Taunton](https://mechanics.bank/about-us/locations/corporate-headquarters-taunton/) - Locate and contact the corporate headquarters for Mechanics Cooperative Bank at 470 Myles Standish Blvd. Taunton, MA 02780 | 508-823-7744
- [Bridgewater Branch](https://mechanics.bank/about-us/locations/bridgewater-branch/) - Locate and contact the Bridgewater branch of Mechanics Cooperative Bank at 72 Main Street Bridgewater, MA 02324 | 508-697-4686
- [UopenThankYou](https://mechanics.bank/uopenthankyou/) - [et_pb_section fb_built="1" custom_padding_last_edited="on|phone" _builder_version="4.27.4" _module_preset="default" use_background_color_gradient="on" background_color_gradient_direction="157deg" background_color_gradient_stops="rgba(17,60,122,0.71) 0%|rgba(41,196,169,0) 100%" background_color_gradient_overlays_image="on" background_image="https://mechanics.bank/wp-content/uploads/2025/07/banner-report-med-blue.jpg" custom_padding="6em||6em||false|false" custom_padding_tablet="11em||10em||false|false" custom_padding_phone="5em||5em||false|false" hover_enabled="0" border_width_bottom="4px" border_color_bottom="#113C7A" global_colors_info="{}" theme_builder_area="post_content" sticky_enabled="0" title_text="banner-report-med-blue"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}" theme_builder_area="post_content"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_text_align="left" header_text_color="#FFFFFF" header_font_size="60px" hover_enabled="0" global_colors_info="{}" theme_builder_area="post_content" sticky_enabled="0"]Thank You![/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" background_color="#113C7A" custom_padding="1px||1px||true|false" global_colors_info="{}" theme_builder_area="post_content"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_module="1571" global_colors_info="{}" theme_builder_area="post_content"][et_pb_column type="4_4" _builder_version="4.27.4"
- [Welcome to Mechanics.bank](https://mechanics.bank/welcome-to-dotbank/) - [et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" background_image="https://mechanics.bank/wp-content/uploads/2025/07/banner-report-med-blue.jpg" border_width_bottom="4px" border_color_bottom="#113C7A" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_text _builder_version="4.27.4" _module_preset="default" header_text_align="right" header_text_color="#FFFFFF" header_font_size="60px" header_font_size_tablet="60px" header_font_size_phone="39px" header_font_size_last_edited="on|phone" global_colors_info="{}"]Welcome to mechanics.bank[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" background_color="#113C7A" custom_padding="1px||1px||true|false" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_module="1571" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_menu menu_id="23" active_link_color="#00BAF7" _builder_version="4.27.4" _module_preset="default" menu_font="|600|||||||" menu_text_color="#FFFFFF" menu_font_size="16px" background_color="#113C7A" text_orientation="center" global_colors_info="{}"][/et_pb_menu][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_row _builder_version="4.27.4"
- [Compare Business Accounts](https://mechanics.bank/compare-business-accounts/) - Compare Mechanics Cooperative Bank's Business Accounts with ease and find the right Checking & Savings accounts for your business
- [Compare Personal Accounts](https://mechanics.bank/compare-personal-accounts/) - Compare Personal Accounts checking & savings options with Mechanics Cooperative Bank to make the right choice on which account works best for your banking goals
- [Deleting Online Banking Account Data](https://mechanics.bank/personal/digital-banking/deleting-online-banking-account-data/) - Learn how to delete your Online/Mobile Banking User Profile with Mechanics Cooperative Bank
- [eChoice Checking](https://mechanics.bank/echoice-checking-promo/) - Access your account anytime with eChoice Checking. Enjoy free Online Banking, Mobile Banking, Bill Pay, and eStatements from Mechanics Cooperative Bank.
- [Business Deposit Rates](https://mechanics.bank/business/business-deposit-rates/) - Mechanics Cooperative Bank's Business Deposit Rates offer rates that will keep your money moving forward
- [SBA Lending](https://mechanics.bank/sba-lending/) - We’re here to help your business thrive! We offer your business flexible financing options beyond traditional loans.
- [Coming Soon](https://mechanics.bank/coming-soon/) - [et_pb_section fb_built="1" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_row _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][et_pb_divider show_divider="off" _builder_version="4.27.4" _module_preset="default" custom_margin="120px||120px||true|false" global_colors_info="{}"][/et_pb_divider][et_pb_text _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"]We're Almost Ready![/et_pb_text][et_pb_text _builder_version="4.27.4" _module_preset="default" hover_enabled="0" global_colors_info="{}" sticky_enabled="0"]The new Mechanics Cooperative Bank site is launching soon. You’ll be redirected to our current site shortly.[/et_pb_text][et_pb_code _builder_version="4.27.4" _module_preset="default" global_colors_info="{}"][/et_pb_code][/et_pb_column][/et_pb_row][/et_pb_section]

## Categories

- [Uncategorized](https://mechanics.bank/category/uncategorized/)
- [Blog](https://mechanics.bank/category/blog/)
- [Press Release 2015](https://mechanics.bank/category/press-release-2015/)
- [Press Releases](https://mechanics.bank/category/press-releases/)
- [Press Release 2020](https://mechanics.bank/category/press-release-2020/)
- [Press Release 2016](https://mechanics.bank/category/press-release-2016/)
- [Press Release 2018](https://mechanics.bank/category/press-release-2018/)
- [Press Release 2021](https://mechanics.bank/category/press-release-2021/)
- [Press Release 2022](https://mechanics.bank/category/press-release-2022/)
- [Press Release 2023](https://mechanics.bank/category/press-release-2023/)
- [Press Release 2024](https://mechanics.bank/category/press-release-2024/)
- [Scholarship Press Release](https://mechanics.bank/category/scholarship-press-release/)
- [Security Alerts](https://mechanics.bank/category/security-alerts/)

## Tags

- [Bank Local](https://mechanics.bank/tag/bank-local/)
- [Business Banking](https://mechanics.bank/tag/business-banking/)
- [Business Checking](https://mechanics.bank/tag/business-checking/)
- [Small Business](https://mechanics.bank/tag/small-business/)
- [Business Lending](https://mechanics.bank/tag/business-lending/)
- [Banking](https://mechanics.bank/tag/banking/)
- [Savings Accounts](https://mechanics.bank/tag/savings-accounts/)
- [Digital Banking](https://mechanics.bank/tag/digital-banking/)
- [SBA Lending](https://mechanics.bank/tag/sba-lending/)
- [Personal Finance](https://mechanics.bank/tag/personal-finance/)
- [Fraud Prevention](https://mechanics.bank/tag/fraud-prevention/)
- [Community](https://mechanics.bank/tag/community/)
- [News & Events](https://mechanics.bank/tag/news-events/)
- [Budgeting](https://mechanics.bank/tag/budgeting/)
- [Credit Score](https://mechanics.bank/tag/credit-score/)
- [Mobile Banking](https://mechanics.bank/tag/mobile-banking/)
- [Online Banking](https://mechanics.bank/tag/online-banking/)
- [Saving](https://mechanics.bank/tag/saving/)
- [Financial Literacy](https://mechanics.bank/tag/financial-literacy/)
- [Charitable Donations](https://mechanics.bank/tag/charitable-donations/)
- [Savings Tips](https://mechanics.bank/tag/savings-tips/)
- [Scholarships](https://mechanics.bank/tag/scholarships/)
- [Financial Wellness](https://mechanics.bank/tag/financial-wellness/)
- [Personal Finance Tips](https://mechanics.bank/tag/personal-finance-tips/)
- [community bank](https://mechanics.bank/tag/community-bank/)
- [local bank](https://mechanics.bank/tag/local-bank/)
- [sba loans](https://mechanics.bank/tag/sba-loans/)
- [small business loans](https://mechanics.bank/tag/small-business-loans/)
- [small businesses](https://mechanics.bank/tag/small-businesses/)
- [digital banking services](https://mechanics.bank/tag/digital-banking-services/)
- [mobile deposit](https://mechanics.bank/tag/mobile-deposit/)
- [autumn home maintenance](https://mechanics.bank/tag/autumn-home-maintenance/)
- [energy saving tips](https://mechanics.bank/tag/energy-saving-tips/)
- [fall home maintenance](https://mechanics.bank/tag/fall-home-maintenance/)
- [fall home tips](https://mechanics.bank/tag/fall-home-tips/)
- [home care](https://mechanics.bank/tag/home-care/)
- [home improvement tips](https://mechanics.bank/tag/home-improvement-tips/)
- [home maintenance tips](https://mechanics.bank/tag/home-maintenance-tips/)
- [home tips](https://mechanics.bank/tag/home-tips/)
- [homeowners](https://mechanics.bank/tag/homeowners/)
- [banking experience](https://mechanics.bank/tag/banking-experience/)
- [holiday season](https://mechanics.bank/tag/holiday-season/)
- [holiday shopping](https://mechanics.bank/tag/holiday-shopping/)
- [manage your accounts](https://mechanics.bank/tag/manage-your-accounts/)
- [business expansion](https://mechanics.bank/tag/business-expansion/)
- [business loans](https://mechanics.bank/tag/business-loans/)
- [sba loan programs](https://mechanics.bank/tag/sba-loan-programs/)
- [small business financing](https://mechanics.bank/tag/small-business-financing/)
- [small business lending](https://mechanics.bank/tag/small-business-lending/)
- [debt consolidation](https://mechanics.bank/tag/debt-consolidation/)
- [financial goals](https://mechanics.bank/tag/financial-goals/)
- [financial help](https://mechanics.bank/tag/financial-help/)
- [new year](https://mechanics.bank/tag/new-year/)
- [paying off debt](https://mechanics.bank/tag/paying-off-debt/)
- [save money](https://mechanics.bank/tag/save-money/)
- [savings](https://mechanics.bank/tag/savings/)
- [smart savings](https://mechanics.bank/tag/smart-savings/)
- [saving for your goals](https://mechanics.bank/tag/saving-for-your-goals/)
- [saving money](https://mechanics.bank/tag/saving-money/)
- [saving up](https://mechanics.bank/tag/saving-up/)
- [savings account](https://mechanics.bank/tag/savings-account/)
- [savings goals](https://mechanics.bank/tag/savings-goals/)
- [budgeting with a partner](https://mechanics.bank/tag/budgeting-with-a-partner/)
- [budgets](https://mechanics.bank/tag/budgets/)
- [couples finances](https://mechanics.bank/tag/couples-finances/)
- [financial advice](https://mechanics.bank/tag/financial-advice/)
- [financial tips](https://mechanics.bank/tag/financial-tips/)
- [joint finances](https://mechanics.bank/tag/joint-finances/)
- [business bank](https://mechanics.bank/tag/business-bank/)
- [business savings](https://mechanics.bank/tag/business-savings/)
- [small business owners](https://mechanics.bank/tag/small-business-owners/)
- [buying a home](https://mechanics.bank/tag/buying-a-home/)
- [first time homebuyers](https://mechanics.bank/tag/first-time-homebuyers/)
- [homebuyers](https://mechanics.bank/tag/homebuyers/)
- [homebuying](https://mechanics.bank/tag/homebuying/)
- [homebuying checklist](https://mechanics.bank/tag/homebuying-checklist/)
- [homebuying prep](https://mechanics.bank/tag/homebuying-prep/)
- [mortgage](https://mechanics.bank/tag/mortgage/)
- [mortgage checklist](https://mechanics.bank/tag/mortgage-checklist/)
- [mortgage prep](https://mechanics.bank/tag/mortgage-prep/)
- [account alerts](https://mechanics.bank/tag/account-alerts/)
- [bill pay](https://mechanics.bank/tag/bill-pay/)
- [managing your finances](https://mechanics.bank/tag/managing-your-finances/)
- [charging](https://mechanics.bank/tag/charging/)
- [charging stations](https://mechanics.bank/tag/charging-stations/)
- [electric vehicle chargers](https://mechanics.bank/tag/electric-vehicle-chargers/)
- [electric vehicles](https://mechanics.bank/tag/electric-vehicles/)
- [environmentally friendly](https://mechanics.bank/tag/environmentally-friendly/)
- [ev charger](https://mechanics.bank/tag/ev-charger/)
- [going green](https://mechanics.bank/tag/going-green/)
- [checking](https://mechanics.bank/tag/checking/)
- [checking account](https://mechanics.bank/tag/checking-account/)
- [free checking](https://mechanics.bank/tag/free-checking/)
- [no fees](https://mechanics.bank/tag/no-fees/)
- [personalized service](https://mechanics.bank/tag/personalized-service/)
- [aying down debt](https://mechanics.bank/tag/aying-down-debt/)
- [managing debt](https://mechanics.bank/tag/managing-debt/)
- [cybersecurity](https://mechanics.bank/tag/cybersecurity/)
- [cybersecurity awareness](https://mechanics.bank/tag/cybersecurity-awareness/)
- [cybersecurity awareness month](https://mechanics.bank/tag/cybersecurity-awareness-month/)
- [small business security](https://mechanics.bank/tag/small-business-security/)
- [fraud prevention tips](https://mechanics.bank/tag/fraud-prevention-tips/)
- [fraud protection](https://mechanics.bank/tag/fraud-protection/)
- [online holiday shopping](https://mechanics.bank/tag/online-holiday-shopping/)
- [online shopping](https://mechanics.bank/tag/online-shopping/)
- [scam prevention](https://mechanics.bank/tag/scam-prevention/)
- [scam protection](https://mechanics.bank/tag/scam-protection/)
- [community bank benefits](https://mechanics.bank/tag/community-bank-benefits/)
- [customer service](https://mechanics.bank/tag/customer-service/)
- [financial planning](https://mechanics.bank/tag/financial-planning/)
- [financial tips for couples](https://mechanics.bank/tag/financial-tips-for-couples/)
- [money management](https://mechanics.bank/tag/money-management/)
- [safety net](https://mechanics.bank/tag/safety-net/)
- [emergency fund](https://mechanics.bank/tag/emergency-fund/)
- [safety savings](https://mechanics.bank/tag/safety-savings/)
- [saving for the unexpected](https://mechanics.bank/tag/saving-for-the-unexpected/)
- [savings plan](https://mechanics.bank/tag/savings-plan/)
- [Understanding Credit Scores](https://mechanics.bank/tag/understanding-credit-scores/)
- [Financial Education](https://mechanics.bank/tag/financial-education/)
- [Credit Report Monitoring](https://mechanics.bank/tag/credit-report-monitoring/)
- [Improve Your Credit Score](https://mechanics.bank/tag/improve-your-credit-score/)
- [Holiday Budgeting](https://mechanics.bank/tag/holiday-budgeting/)
- [Saving Tips](https://mechanics.bank/tag/saving-tips/)
- [Smart Spending](https://mechanics.bank/tag/smart-spending/)
- [Seasonal Budgeting](https://mechanics.bank/tag/seasonal-budgeting/)