Salem Co-Operative Bank logo

Salem Co-Operative Bank in Salem, NH

4.2/5

Unable to access website to verify company details. Salem Co-Operative Bank is listed as a banking institution, but current information cannot be confirmed.

Data compiled from public sources · Rating from CreditDoc methodology

Salem Co-Operative Bank Review

Salem Co-Operative Bank is identified in available records as a banking institution operating in the consumer finance space. However, a current company profile cannot be reliably constructed at this time. com) is returning access denied errors, preventing verification of current services, offerings, ownership structure, or operational details.

Co-operative banks typically operate as member-owned financial institutions offering deposit accounts, lending products, and financial services to their communities. Without direct access to company materials, specific claims about their product offerings, rates, fees, or competitive positioning cannot be verified. Any profile generated without confirmed website content would risk containing inaccurate or outdated information.

A responsible company profile requires either direct website access, official documentation, or verified third-party sources to ensure factual accuracy. Attempting to populate profile fields based on assumptions about what co-operative banks generally offer would violate the requirement for factual, company-specific information.

Services & Features

Business banking
Checking accounts
FDIC insured deposits
Mortgage lending
Personal loans
Savings accounts

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • FDIC insured — deposits protected up to $250,000
  • Established in 1922
  • Local community bank with personal service
  • 2 locations

Cons

  • Website currently inaccessible - unable to verify current operations or services
  • Cannot confirm active status or recent business updates
  • No verified information available about specific products or offerings

Rating Breakdown

Value
5.0
Effectiveness
3.7
Customer Service
3.8
Transparency
4.0
Ease of Use
4.5

Mortgage Lending Transparency

Salem Co-Operative Bank processed 173 mortgage applications in 2023, approving 82.7% of applicants across 2 states.

173

Applications

82.7%

Approval Rate

$376K

Avg Loan

2

States Served

Approval Rate by Applicant Income

Under $50K
0%
$50K–$100K
75.6%
$100K–$200K
81.1%
Over $200K
100%

Based on 173 applications. Income in thousands (reported by applicant).

Top Lending States

New Hampshire 130 apps · 80.8%
Massachusetts 43 apps · 79.1%

Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.

Frequently Asked Questions

What services does Salem Co-Operative Bank offer?

Salem Co-Operative Bank offers 6 services including Checking accounts, Savings accounts, Personal loans, Mortgage lending, Business banking, and 1 more.

Who is Salem Co-Operative Bank best suited for?

Salem Co-Operative Bank is best suited for Local banking with personal service, FDIC-insured deposits, Small business banking.

What are the strengths and weaknesses of Salem Co-Operative Bank?

Key strengths: FDIC insured — deposits protected up to $250,000; Established in 1922; Local community bank with personal service. Areas to consider: Website currently inaccessible - unable to verify current operations or services; Cannot confirm active status or recent business updates.

How does Salem Co-Operative Bank compare to similar companies?

In the Banks category, comparable providers include Bank of New England, Bank of New Hampshire, Claremont Savings Bank. Each company has different strengths — compare services, pricing, and consumer complaint records to find the best fit.

Quick Facts

Founded
1922
Headquarters
Salem, NH
BBB Accredited
No
Certifications
FDIC Insured FDIC Cert #27824
Visit Salem Co-Operative Bank

CreditDoc Diagnosis

Doctor's Verdict on Salem Co-Operative Bank

Profile cannot be completed due to website access denial. Verification of Salem Co-Operative Bank's current status, services, and operations is required before a factual company profile can be generated. Recommend attempting direct contact with the institution or obtaining information through official banking directories.

Best For

  • Local banking with personal service
  • FDIC-insured deposits
  • Small business banking
Updated 2026-05-14

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Is Salem Co-Operative Bank Right for You?

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Financial Wellness Guides

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