Applications / Mortgage Analytics / Lenders / Massachusetts / Mechanics Cooperative Bank
Taunton, MA · Savings institution · FDIC · $862 million assets · 85 loans in 2025
Mechanics Cooperative Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
85
loans originated, 2025
110
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Mechanics Cooperative Bank makes few loans but big ones: its 85 loans in 2025 came to $98.8 million, more than three times the total of a typical peer.
Its typical loan was $405,000, against $245,000 at similar lenders (savings institutions making between half and twice as many loans). Jumbo loans (larger than the conforming limit) made up 29.4% of its lending, against 2.4% at peers, a higher share than at almost all of them. The jumbo share was 32.8% in 2024 and 9.3% five years earlier, so the shift to larger loans is not a one-year blip.
It made 85 loans, down 13%, while similar lenders grew 5% and the market 10%. Five years earlier it made 188 loans worth $98.0 million, about what its 85 loans were worth in 2025. Its lending has moved toward fewer, larger loans; the data do not say whether by choice or because of local demand.
Providence-Warwick is its biggest market, where it has lent since at least 1990. It ranks 64 of 475 lenders there, and its share rose from 0.2% to 0.3%. Citizens Bank leads with $989.5M.
Of its loans, 22.4% went to low- and moderate-income neighborhoods, against 17.4% at similar lenders, and 12.9% to majority-minority neighborhoods, against 6.7%. Both shares sit above those of most peers.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Mechanics Cooperative Bank took 110 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 51.8% · Home improvement 20.0% · Refinance 20.0% · Other 8.2%
Conventional 100.0% · of 85 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 77 | 90.6% |
| Rhode Island | 7 | 8.2% |
| New Hampshire | 1 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Providence-Warwick | 52 |
| Boston | 19 |
| Cambridge-Newton-Framingham | 7 |
| Barnstable Town | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BOX0L2YKKXKO38 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 183770 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 326634 | 1994–2017 |
Established 1 January 1877. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Mechanics Cooperative Bank's data.
Mechanics Cooperative Bank's data
$215
Mechanics Cooperative Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Mechanics Cooperative Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]