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Overview / Commentary
877-612-5919
626 Jacksonville Rd, Ste 250
Warminster, PA 18974

Freedom Credit Union (PA) is headquartered in WARMINSTER and is the 11st largest credit union in the state of Pennsylvania. It is also the 355th largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 117 employees and 60,696 members. Freedom Credit Union (PA) has a A health rating.

Field of Membership Restrictions

Must live, work, worship, performs volunteer service, or attend school in Bucks, Chester, Delaware, Montgomery or Philadelphia County. Also open to employees of any of their Select Employee Group. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Freedom Credit Union (PA) had $2.03 million in non-current loans and owned real-estate with $57.03 million in equity and loan loss allowances on hand to cover it. This gives Freedom Credit Union (PA) a Texas Ratio of 3.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Freedom Credit Union (PA) experienced no significant changes from 2.49% as of December 31, 2012 to 3.56% as of December 31, 2013, resulting in a negative change of 42.61%. This indicates that the balance sheet and financial strength for Freedom Credit Union (PA) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Freedom Credit Union (PA) has increased its total deposits by $28.74 million, resulting in 5.33% 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 Credit Union (PA) has shown is excellent.

Capitalization

GRADE:
C+

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 Credit Union (PA) has $622.98 million in assets with $57.03 million in equity, resulting in a capitalization level of 9.15%, which is average.

Institution Statistics

Overall
NCUA #60275
Year Chartered1934
Employees117
Primary Regulator
Assets and Liabilities
Assets$622.99 million
Loans$280.55 million
Deposits$568.03 million
Equity Capital$53.29 million
Loan Loss Allowance$3.74 million
Unbacked Noncurrent Loans$2.03 million
Real Estate Owned$0
Historic Data - December 2012
Assets$594.33 million
Equity Capital$54.29 million
Loan Loss Allowance$3.38 million
Unbacked Noncurrent Loans$2.03 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.64%
Return on Assets0.35%
Return on Equity4.1%
Interest Income$17.22 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Freedom Credit Union (PA), we are a rate comparison website and can not provide official rates or promotions.

Freedom Credit Union (PA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Primary Savings Account
0.20%--Holiday Club Savings Account
0.20%--IRA Savings Account
0.20%--Coverdell Education Savings Account
0.20%--Vacation Club Savings Account
0.20%--Roth IRA Savings Account
0.10%--Health Savings Account

Freedom Credit Union (PA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$10k-Money Market

Freedom Credit Union (PA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Checking Account

Freedom Credit Union (PA) CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-60 Month CD
2.00%$250-60 Month Youth CD
2.00%$500-60 Month HSA CD
2.00%$250-60 Month Youth HSA CD
1.65%$500-48 Month CD
1.65%$250-48 Month Youth CD
1.65%$500-48 Month HSA CD
1.65%$250-48 Month Youth HSA CD
1.35%$500-36 Month CD
1.35%$250-36 Month Youth CD
1.35%$500-36 Month HSA CD
1.35%$250-36 Month Youth HSA CD
0.85%$500-24 Month CD
0.85%$250-24 Month Youth CD
0.85%$500-24 Month HSA CD
0.85%$250-24 Month Youth HSA CD
0.60%$500-18 Month CD
0.60%$250-18 Month Youth CD
0.60%$500-18 Month HSA CD
0.60%$250-18 Month Youth HSA CD
0.45%$500-12 Month CD
0.45%$250-12 Month Youth CD
0.45%$500-12 Month HSA CD
0.45%$250-12 Month Youth HSA CD
0.30%$500-6 Month CD
0.30%$250-6 Month Youth CD
0.30%$500-6 Month HSA CD
0.30%$250-6 Month Youth HSA CD

Freedom Credit Union (PA) IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-60 Month IRA CD (Traditional,CESA,Roth)
2.00%$250-60 Month Youth IRA CD (Traditional,CESA,Roth)
1.65%$500-48 Month IRA CD (Traditional,CESA,Roth)
1.65%$250-48 Month Youth IRA CD (Traditional,CESA,Roth)
1.35%$500-36 Month IRA CD (Traditional,CESA,Roth)
1.35%$250-36 Month Youth IRA CD (Traditional,CESA,Roth)
0.85%$500-24 Month IRA CD (Traditional,CESA,Roth)
0.85%$250-24 Month Youth IRA CD (Traditional,CESA,Roth)
0.60%$500-18 Month IRA CD (Traditional,CESA,Roth)
0.60%$250-18 Month Youth IRA CD (Traditional,CESA,Roth)
0.45%$500-12 Month IRA CD (Traditional,CESA,Roth)
0.45%$250-12 Month Youth IRA CD (Traditional,CESA,Roth)
0.30%$500-6 Month IRA CD (Traditional,CESA,Roth)
0.30%$250-6 Month Youth IRA CD (Traditional,CESA,Roth)
Locations


Freedom Credit Union (PA) Locations
Branch Office626 Jacksonville Rd Ste 250Warminster, PA 18974-4862
Branch Office636 E Main StLansdale, PA 19446-2964
Branch Office1440 Old York RdAbington, PA 19001-2606
Branch Office10400 Drummond RdPhiladelphia, PA 19154-3806
Branch Office4900 Princeton AvePhiladelphia, PA 19135-2029
Branch Office7300 Bustleton AvePhiladelphia, PA 19152-4300
Branch Office25 Jacksonville RdWarminster, PA 18974-4803
Branch Office10400 Drummond RdPhiladelphia, PA 19154-3806