Mechanics Cooperative Bank
Mechanics Cooperative Bank received 110 applications in 2025 and made 85 mortgages, in 13 counties across 3 states. The median rate its borrowers got was Not published on a median loan of $355,000. Of 101 decisions, 9 were denials — 8.9%.
| Legal Entity Identifier | 549300BOX0L2YKKXKO38 |
|---|---|
| Applications received | 110 |
| Mortgages made | 85 |
| Denied | 9 |
| Approved, not taken up | 7 |
| Withdrawn or incomplete | 9 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | Not published |
| FDIC-insured bank | Yes: Mechanics Cooperative Bank, 11 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 44 | Not published | $805,000 | 0.0% |
| Refinancing | 5 | Under 10 loans | Under 10 loans | 22.2% |
| Cash-out refinancing | 12 | Not published | $125,000 | 7.7% |
| Other purposes | 24 | Not published | $45,000 | 18.8% |
Where Mechanics Cooperative Bank lends most
The 13 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Bristol County, MA | 45 | Not published | 11.3% |
| Plymouth County, MA | 13 | Not published | 0.0% |
| Middlesex County, MA | 7 | Under 10 loans | 0.0% |
| Nantucket County, MA | 5 | Under 10 loans | 0.0% |
| Suffolk County, MA | 5 | Under 10 loans | 14.3% |
| Providence County, RI | 4 | Under 10 loans | 0.0% |
| Barnstable County, MA | 1 | Under 10 loans | 0.0% |
| Norfolk County, MA | 1 | Under 10 loans | 0.0% |
| Coos County, NH | 1 | Under 10 loans | 0.0% |
| Bristol County, RI | 1 | Under 10 loans | 0.0% |
| Newport County, RI | 1 | Under 10 loans | 50.0% |
| Washington County, RI | 1 | Under 10 loans | 0.0% |
| Kent County, RI | 0 | Under 10 loans | 100.0% |
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When Mechanics Cooperative Bank’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.