Walpole Coop Bank Walpole MA Overview and Services

The Walpole Coop Bank in Walpole, MA is a community-focused financial institution that's been serving the local area for many years. It's a credit union, which means it's owned and controlled by its members, not by external shareholders.

Walpole Coop Bank offers a range of financial services, including checking and savings accounts, loans, and investment products. These services are designed to meet the unique needs of its members.

One of the bank's key strengths is its commitment to community involvement. The bank regularly participates in local events and supports local organizations, demonstrating its dedication to giving back to the community it serves.

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Walpole Co-operative Bank has a rich history dating back to 1912, when it was established on January 1st as a non-FDIC insured institution.

The bank initially operated under the name Walpole Co-operative Bank, serving its community.

Over the years, the bank underwent significant changes, transitioning to a state-chartered bank and becoming a member of the Federal Reserve System on June 15, 2011.

Walpole Co-operative Bank has a rich history that spans over a century. It was established on January 1, 1912, originally operating without Federal Deposit Insurance Corporation (FDIC) insurance.

The bank has undergone several regulatory changes over the years. On June 15, 2011, it changed its primary federal regulatory agency to the Federal Reserve (Fed).

Walpole Co-operative Bank transitioned to a state-chartered bank and became a member of the Federal Reserve System on June 15, 2011.

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Our bank has a rich history that spans over a century, dating back to 1890 when it was first established as a small community bank. It has since grown to become one of the largest banks in the country.

Our mission is to provide exceptional customer service and financial solutions to individuals and businesses alike, as stated in our company values section. We strive to make a positive impact in the communities we serve.

With over 500 branches and 10,000 employees, we have a significant presence in the market, as noted in our company overview section. Our team is dedicated to helping our customers achieve their financial goals.

We offer a wide range of financial products and services, including personal banking, business banking, and investment services, as outlined in our product offerings section. Our experienced professionals are always available to provide guidance and support.

Our commitment to innovation and technology has enabled us to stay ahead of the curve, as described in our technology and infrastructure section. We continuously invest in new systems and processes to improve efficiency and security.

Walpole Co-operative Bank has a strong financial foundation. The bank's Texas Ratio is 1.84%, indicating better coverage of problem loans compared to the U.S. Bank Average of 4.62%.

The bank's non-current loans are $2,191,000, and it has $112,246,000 in equity to cover these potential losses. It also has $6,901,000 in loan loss reserves.

A Return on Equity (ROE) of 1.12% is lower than the U.S. Bank Average of 10.02%. This suggests that the bank may not be as efficiently making money from its capital.

The bank's Capitalization is 18.32%, which is higher than the U.S. Bank Average of 11.29%. This indicates that the bank has a more secure balance sheet.

Here's a comparison of the bank's financial metrics to the U.S. Bank Average:

The bank's assets are $612,622,000, with loans totaling $491,570,000 and deposits of $456,448,000. A stable deposit base is essential for a bank's ability to raise funds and grow its loans and assets.

The Walpole Co-op Bank in Walpole, MA offers a range of convenient bank services to its customers.

They have a 24-hour ATM service, allowing customers to access their accounts and perform transactions at any time.

Their bank hours are Monday to Thursday from 9am to 4pm and Friday from 9am to 5pm, making it easy to fit a visit into your schedule.

The bank also offers a mobile banking app, enabling customers to manage their accounts remotely and stay on top of their finances.

CDs are a great option for those looking to maximize their earnings. With a low minimum deposit requirement of $1,000, you can start investing in a CD today.

Walpole Co-operative Bank offers a range of CD terms, from 3 months to 60 months. The longer the term, the higher the APY rate. For example, a 15-month CD has an APY rate of 1.25%.

One of the benefits of CDs is that they offer competitive rates compared to traditional savings accounts. In fact, some CD rates are significantly higher, such as the 15-month CD with an APY rate of 1.25%.

To give you a better idea of the CD rates offered by Walpole Co-operative Bank, here are some of the available terms and rates:

It's worth noting that some CDs may have early withdrawal penalties, so be sure to review the terms and conditions before investing.

Walpole Co-operative Bank's loan portfolio is dominated by a few key areas. The top three loan types are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

These loan types account for a significant portion of the bank's balance sheet, with Commercial Real Estate loans making up a substantial 35.87% of the portfolio.

Interestingly, compared to other banks in Massachusetts, Walpole Co-operative Bank has a notably higher percentage of Construction and Development Loans, suggesting a specialty in this area.

Here's a breakdown of the bank's loan types, ranked by percentage:

It's worth noting that the bank's loan portfolio is relatively diverse, with a range of loan types represented. However, Commercial Real Estate and Construction and Development Loans are clear standouts.

Based on the customer feedback, it seems that Walpole Co-operative Bank has a relatively low rating. A total of 1 customer had cast their vote for 1 branch and gave it a score of 1.0 out of 5 stars.

Unfortunately, the low rating suggests that some customers have had a negative experience with the bank.