Reading Co-operative Bank on Your Credit Report
In short: Reading Co-operative Bank is a state-chartered commercial bank that IS a member of the Federal Reserve System, supervised by the Federal Reserve and its state regulator. The FDIC record lists certificate 26620, a charter dating to 1886, headquarters in Reading, MA, and 13 FDIC-reported offices holding $1.19 billion in assets as of 06/30/2026. Any account it reports makes Reading Co-operative Bank the furnisher of that tradeline, which is what gives you a direct FCRA §623 dispute route against the bank and not only against the bureaus. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Reading Co-operative Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Reading Co-operative Bank appears in the FDIC's active-institution file as certificate 26620, established January 1, 1886. As of the 06/30/2026 call report it carried $1.19 billion in total assets and 13 FDIC-reported offices, an average of about $91 million per office.
How Reading Co-operative Bank appears on your credit report
Reading Co-operative Bank furnishes its own tradelines rather than selling them to a servicer, and at $1.19 billion over 13 FDIC-reported offices it does so from a single MA operation. A 140-year-old charter of this size often carries accounts through legacy core systems, which is exactly where date and status fields get mangled — so ask in writing what the furnished date of first delinquency is and compare it against your own records.
Names it may report under
Products that commonly show up
- ◆Home-equity lines and mortgage accounts serviced under the Reading Co-operative Bank name
- ◆Personal installment loans originated at Reading Co-operative Bank offices
- ◆Agricultural and equipment loans carried on the consumer file when personally obligated
Grounds to dispute a Reading Co-operative Bank entry
Each of these is a reason a Reading Co-operative Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Authorised-user or co-borrower account reported as the primary obligation
- ◆Closed Reading Co-operative Bank deposit-secured line still reporting as an open revolving account
- ◆Loan modified or deferred by Reading Co-operative Bank but still reporting the original delinquent status
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Reading Co-operative Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Reading Co-operative Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Reading Co-operative Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Reading Co-operative Bank questions, answered
Is Reading Co-operative Bank FDIC-insured, and what is its certificate number?
Yes. Reading Co-operative Bank holds FDIC certificate 26620. The FDIC record shows a charter established January 1, 1886, headquarters in Reading, MA, and 13 FDIC-reported offices with $1.19 billion in total assets as of the 06/30/2026 call report. It is a state-chartered commercial bank that IS a member of the Federal Reserve System, supervised by the Federal Reserve and its state regulator.
Who regulates Reading Co-operative Bank, and where do I escalate if a dispute fails?
Reading Co-operative Bank is a state-chartered commercial bank that IS a member of the Federal Reserve System, supervised by the Federal Reserve and its state regulator, so its primary federal oversight comes from the Federal Reserve, working alongside the state banking department. If a dispute with the bank and the bureaus both fail, you can complain to the Federal Reserve, to the MA state regulator, or to the CFPB. That does not replace your FCRA rights — it is an escalation path on top of them.
How old is the Reading Co-operative Bank charter, and why does that matter for my credit report?
Reading Co-operative Bank's charter predates the Federal Reserve (1913) and federal deposit insurance (1933) entirely — it was established in 1886 and later became an FDIC-insured institution. A charter that old frequently sits behind decades of mergers, so an old account may have been opened under a predecessor name. If the tradeline you are disputing shows a name you do not recognise, ask Reading Co-operative Bank in writing which predecessor institution originated it; the furnisher is obliged to report the account accurately regardless of how many name changes it has been through.
How big is Reading Co-operative Bank, and what does that mean for disputing an account?
Reading Co-operative Bank reports $1.19 billion across 13 FDIC-reported offices — roughly $91 million per office. The FDIC's office figure counts all reported locations, including non-retail ones such as loan-production sites, so it should be read as a reported footprint rather than a branch count. For a dispute, the practical point is that an institution this size normally handles consumer files with identifiable staff rather than a fully automated queue.
How do I dispute a Reading Co-operative Bank account on my credit report?
You have two free routes and you can use both yourself without paying anyone. Under FCRA §611 you may dispute with Equifax, Experian and TransUnion, and under FCRA §623 you may dispute directly with Reading Co-operative Bank as the furnisher. Put it in writing, identify the account by its last four digits and open date, state specifically what is inaccurate rather than simply saying you disagree, and keep copies and proof of delivery. Whether an item changes depends entirely on what Reading Co-operative Bank can verify, and results vary from case to case.
Does MA law change anything about a Reading Co-operative Bank account?
Keep two clocks separate. The FCRA reporting window is federal and does not vary by state. Your state's statute of limitations — how long anyone can successfully sue you — is separate and independent: a debt can be too old to sue over yet still report legitimately, or drop off your report while remaining collectable. Reading Co-operative Bank being headquartered in Reading, MA does not make MA law automatically yours; the limitation period usually follows where you live and what the contract says. Check your own state's rule, and note that making a payment restarts that clock in many states.
How long can a Reading Co-operative Bank account stay on my credit report?
The FCRA window runs about seven years from the date of first delinquency — the first payment you missed on the Reading Co-operative Bank account and never caught up on. It does not run from the charge-off date, the sale date, or the date Reading Co-operative Bank last updated the tradeline. Watch for re-aging: if the furnished date drifts later than your own records show, dispute the date itself, because that is an accuracy problem independent of the balance.
Does Reading Co-operative Bank appear in the CFPB complaint database?
We do not publish a complaint figure for Reading Co-operative Bank. The CFPB database is keyed to company names that do not map cleanly onto FDIC certificate 26620, and attributing another company's complaint volume to this bank would be inaccurate. If you want to check for yourself, search the CFPB's public complaint database directly by company name. If you have an unresolved problem with this bank you can also file your own complaint there at no cost.
What is the difference between disputing with Reading Co-operative Bank and disputing with a collection agency?
Reading Co-operative Bank furnishes the account itself; a collection agency only handles it after the fact. Practically, that means the FDCPA's validation right under §809 is available against the agency but not against Reading Co-operative Bank, while the FCRA §623 accuracy duty applies to Reading Co-operative Bank directly. If both appear on your report for the same debt, check that they are not reporting duplicate balances — one account should not show as two open obligations.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Reading Co-operative Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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