I hope you are having a happy, healthy and prosperous start to 2023 and enjoying the mild – except for one day of record cold – winter.

It’s exciting to start a new year and in doing so, taking a quick look back at the 2022 holiday season. Thank you for your generosity to our community. Your donations of hats, mittens, gloves, scarves, socks, books, and gift cards collected through our 10th annual Stuff A Stocking drive went directly to our neighbors in need at the Homeless Prevention Council.

The Coop also underwrote the cost of shopping for five families participating in the Adopt-a-Family program at the Homeless Prevention Council. I’m grateful for our employees who volunteered to shop, which helped brighten the holidays for 12 local children!

We are a community bank, and I’m so proud of our employees who not only volunteer their time but also participate in our employee-led Paying It Forward program. In 2022, the program donated $26,319 to 26 nonprofit organizations nominated at the beginning of the year by our employees. Employees donate $5 each “payday Friday” to wear jeans for the Paying It Forward program and The Coop matches their donations up to $500. It’s amazing what we can do as team!

We’re here to help

As you know, the economic environment is turbulent, which means getting advice from our team of Coop experts is worth the investment of time during the Cape’s off-season. We’d like to help you assess your personal and/or business situation and determine how to best maximize returns to ensure your money is working for you. That’s what our relationship approach is all about … guidance tailored to your needs.

With increasing interest rates, now is the time to talk deposits! We offer a full suite of Certificate of Deposit products with a variety of terms and interest rates that are excellent investment vehicles for the current economic environment. Our Money Market accounts for personal, business, and nonprofit provide you with competitive interest rates and the flexibility to access your money whenever you need it. I encourage you to contact our expert team of personal, business and investment finance professionals to develop an effective deposit and investment strategy customized fort your needs.

To minimize interest rate and reinvestment risks, a “CD Ladder” strategy may be the best way to ensure a secure, predictable return on investment funds. A CD Ladder is created by investing equal amounts of money in CDs with different maturity dates, allowing you to benefit from higher interest rates from longer-term CDs, while still maintaining frequent access to your money from the shorter-term CDs.

Good news: 100% insured

Deposits at The Coop are 100% insured
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In times like these, it is more important than ever to make sure all of your money on deposit is fully insured. Unlike other institutions, you’ll never have to worry about that at The Coop, where we combine FDIC and DIF insurance to guarantee that 100% of deposits are insured in full – always.

Here’s how it works.

The FDIC insures all deposits up to $250,000 for savings, checking and money market accounts; certificates of deposit; and retirement accounts. The DIF is a private, Massachusetts-based fund that covers savings and mutual banks. The DIF insures all deposits above the FDIC limits, meaning your money is completely insured. This applies to personal, business, nonprofit and government accounts.

And best of all, when you bank with The Coop, full insurance coverage takes effect immediately – there is no paperwork or special fees.

I hope you’ll consider taking advantage of The Coop’s special deposit rates this winter, while taking time to enjoy all the quiet season has to offer on Cape Cod. We’re already well on our way to warmer sunlit days and blooming daffodils along Route 6A and another busy summer season will not be far behind.

Best Regards,

Lisa Oliver
Chair, President & CEO