Freedom CU (UT)

815 N Freedom Blvd
Provo, UT 84604
801-375-2120
www.freedomcu.com

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Freedom CU (UT) is headquartered in Provo and is the 38^th largest credit union in the state of Utah. It is also the 3,380^th largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 5 employees and 3,046 members. Freedom CU (UT) has a 5-star health rating.

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See Rates for: Savings | Money Market | CD | IRA

Freedom CU (UT) Savings Account Rates

Apy	Min	Max	Product
0.25%	$100	-	IRA Share Savings Account
0.25%	$100	-	Roth IRA Share Savings Account
0.07%	$25	-	Savings Account

Freedom CU (UT) Money Market Rates

	Apy	Min	Max	Product
	0.25%	$50k	-	Money Market

Freedom CU (UT) CD Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month Traditional CD
1.75%	$500	-	60 Month Youth CD
1.15%	$500	-	48 Month Traditional CD
1.15%	$500	-	48 Month Youth CD
0.85%	$500	-	36 Month Traditional CD
0.85%	$500	-	36 Month Youth CD
0.50%	$500	-	24 Month Traditional CD
0.50%	$500	-	24 Month Youth CD
0.45%	$500	-	18 Month Traditional CD
0.45%	$500	-	18 Month Youth CD
0.40%	$500	-	12 Month Traditional CD
0.40%	$500	-	12 Month Youth CD
0.25%	$500	-	6 Month Traditional CD
0.25%	$500	-	6 Month Youth CD

Freedom CU (UT) IRA Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month IRA
1.75%	$500	-	60 Month Roth IRA
1.15%	$500	-	48 Month IRA
1.15%	$500	-	48 Month Roth IRA
0.85%	$500	-	36 Month IRA
0.85%	$500	-	36 Month Roth IRA
0.50%	$500	-	24 Month IRA
0.50%	$500	-	24 Month Roth IRA
0.45%	$500	-	18 Month IRA
0.45%	$500	-	18 Month Roth IRA
0.40%	$500	-	12 Month IRA
0.40%	$500	-	12 Month Roth IRA
0.25%	$500	-	6 Month IRA
0.25%	$500	-	6 Month Roth IRA

Rates updated: 4/29/2012

Data for Q4 2011

Institution Statistics

FREEDOM
NCUA #	67129
BankRate Report	View
Year Chartered	1956
Employees	5
Primary Regulator
Assets and Liabilities
Assets	$22.44 million
Loans	$14.35 million
Deposits	$20.20 million
Equity Capital	$2.15 million
Loan Loss Allowance	$150,000
Historic Data - December 2010
Assets	$21.67 million
Equity Capital	$2.01 million
Loan Loss Allowance	$166,000
Unbacked Noncurrent Loans	$200,000
Profit Margin - Quarterly
Net Interest Margin	5.35%
Return on Assets	0.45%
Return on Equity	4.74%
Interest Income	$962,000
Non-Interest Income	$232,000

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Freedom CU (UT) had $0 in non-current loans and owned real-estate with $2.3 million in equity and loan loss allowances on hand to cover it. This gives Freedom CU (UT) a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth
In the past year, Freedom CU (UT) has increased its total deposits by $632,000, resulting in 3.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Freedom CU (UT) has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Freedom CU (UT) has $22.44 million in assets with $2.3 million in equity, resulting in a capitalization level of 10.25%, which is above average.

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