Reading, MA –- Reading Cooperative Bank (RCB) recently announced that it would be increasing the minimum wage for all Bank employees to $15 per hour. The decision was announced at RCB’s year-end employee meeting, where President & CEO Julie Thurlow spoke to the company about the Board of Directors’ plan to help full-and-part-time employees struggling with the rising cost of living in Massachusetts.
“We just felt like it was the right thing to do,” Thurlow responded when asked about the move. “We understand that one size does not fit all, and we would never presume that every company can afford to take such measures. The Bank still strongly believes that matters such as this should remain in the hands of individuals, not government.”
Thurlow went on to elaborate about the plight of small businesses in the area: “As much as we strive to support workers who just want to make a living wage, we are certainly cognizant of the limitations that our local small business owners face daily and respect the decisions they have to make.”
About Reading Cooperative Bank:
Reading Cooperative Bank is a depositor owned co-operative founded in 1886. This community-centric North Shore financial service provider has branches in Reading, Wilmington, North Reading, Andover, and Burlington. They also operate teaching branches at Northeast Metro Tech in Wakefield (open to the public) and at Reading Memorial High School (students and staff only), as well as an online branch at readingcoop.com.
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