Freedom Federal Credit Union

Freedom Federal Credit Union is headquartered in Rocky Mount and is the 33^rd largest credit union in the state of North Carolina. It is also the 2,213^st largest credit union in the nation. It was established in 1952 and as of September of 2011, it had grown to 24 employees and 12,470 members. Freedom Federal Credit Union's savings rates are 54% higher than the national average, and it boasts a 5-star health rating.

Freedom Federal Credit Union Routing Number: 253177201

Freedom Federal Credit Union Checking Account Rates

Freedom Federal Credit Union Savings Account Rates

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Freedom Federal Credit Union IRA Rates

Data for Q3 2011

Institution Statistics FREEDOM NCUA # 8232 BankRate Report View Year Established 1952 Employees 24 Primary Regulator Assets and Liabilities Assets $51.36 million Loans $31.74 million Deposits $45.92 million Equity Capital $5.08 million Loan Loss Allowance $374,000 Unbacked Noncurrent Loans $147,000 Historic Data - September 2010 Assets $51.76 million Equity Capital $5.13 million Loan Loss Allowance $328,000 Unbacked Noncurrent Loans $110,000 Profit Margin - Quarterly Net Interest Margin 4.03% Return on Assets -0.12% Return on Equity -1.18% Interest Income $1.60 million Non-Interest Income $677,000

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 September 30, 2011 Freedom Federal Credit Union had $147,000 in non-current loans and owned real-estate with $5.46 million in equity and loan loss allowances on hand to cover it. This gives Freedom Federal Credit Union a Texas Ratio of 2.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Freedom Federal Credit Union held steady from 2.02% as of September 30, 2010 to 2.69% as of September 30, 2011, resulting in a negative change of 33.56%. This indicates that the balance sheet and financial strength for Freedom Federal Credit Union has held steady in recent periods. Deposit Growth In the past year, Freedom Federal Credit Union has decreased its total deposits by $-329,000, resulting in -0.71% 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 Federal Credit Union has shown is 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 Federal Credit Union has $51.36 million in assets with $5.46 million in equity, resulting in a capitalization level of 10.63%, which is above average.

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