Applications / Mortgage Analytics / Lenders / Massachusetts / The Cooperative Bank
Roslindale, MA · Savings institution · FDIC · $543 million assets · 87 loans in 2025
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87
loans originated, 2025
115
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Cooperative Bank makes big loans for a lender of its size, and in 2025 a larger share of them went to poorer borrowers and neighborhoods than at most similar lenders.
Its typical loan was $525,000, more than double the $245,000 at similar lenders, other savings institutions making between half and twice as many loans. That is higher than at about nine in ten of them. Jumbo loans, those larger than the conforming limit, were 11.4% of its lending against 2.5%. Its main markets, Boston-Cambridge-Newton and Providence-Warwick, may account for the size.
Some 39.5% of its loans went to low- and moderate-income (LMI) borrowers, up from 29.6% a year earlier and against 24.7% at similar lenders. Some 29.8% were in LMI neighborhoods, and 29.9% in majority-minority ones, against 6.7% at similar lenders. All three shares are higher than at more than four in five of its peers.
It made 87 loans in 2025, against 86 the year before, a rise of 1% while similar lenders grew 5% and the whole market 10%. Its volume has stayed between 86 and 93 since 2023, well below the 274 of 2020. That peak may have come from a wave of refinancing; refinances are now 25.3% of its lending and purchases 67.8%.
It has lent in Boston-Cambridge-Newton since 1992 and ranks 146 of 664 lenders there, behind leaders Citizens Bank and Leader Bank. Elsewhere its share rounds to 0.0%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Cooperative Bank took 115 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 67.8% · Refinance 25.3% · Other 4.6% · Home improvement 2.3%
Conventional 100.0% · of 87 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 | 87 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Boston | 67 |
| Cambridge-Newton-Framingham | 11 |
| Providence-Warwick | 7 |
| Barnstable Town | 1 |
| Worcester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007OJ7D42T6RE854 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 714978 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 326922 | 1992–2017 |
Established 1 January 1898. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: The Cooperative Bank's data.
The Cooperative Bank's data
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The 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.
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