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Overview / Commentary
2019 Emmorton Rd
Bel Air, MD 21015

Freedom Of Maryland Credit Union is headquartered in Bel Air and is the 21st largest credit union in the state of Maryland. It is also the 755th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 77 employees and 30,410 members. Freedom Of Maryland Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Harford County. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Freedom Of Maryland Credit Union had $1.13 million in non-current loans and owned real-estate with $24.24 million in equity and loan loss allowances on hand to cover it. This gives Freedom Of Maryland Credit Union a Texas Ratio of 4.68% 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 Of Maryland Credit Union experienced no significant changes from 3.67% as of March 31, 2013 to 4.68% as of March 31, 2014, resulting in a negative change of 27.55%. This indicates that the balance sheet and financial strength for Freedom Of Maryland Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Freedom Of Maryland Credit Union has increased its total deposits by $6.77 million, resulting in 2.84% 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 Of Maryland Credit Union has shown is above average.



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 Of Maryland Credit Union has $269.21 million in assets with $24.24 million in equity, resulting in a capitalization level of 9.01%, which is average.

Institution Statistics

NCUA #8550
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$269.22 million
Loans$211.82 million
Deposits$244.84 million
Equity Capital$23.04 million
Loan Loss Allowance$1.21 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$0
Historic Data - March 2013
Assets$261.53 million
Equity Capital$22.24 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.31%
Return on Equity3.59%
Interest Income$2.56 million

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Freedom Of Maryland Credit Union Savings Account Rates

0.30%--First Home Registry Savings
0.15%$100-Share Savings
0.15%$100-Christmas Club
0.15%--Youth Share Savings Account
0.15%$100-IRA Savings
0.15%--Business Savings
0.15%$100-Roth IRA Share Savings
0.15%$100-CESA Savings

Freedom Of Maryland Credit Union Money Market Rates

0.30%$100k-Money Market
0.30%$50k-Business Money Market
0.30%$100k-Money Market IRA

Freedom Of Maryland Credit Union Checking Account Rates

0.20%--Youth Checking
0.15%$1k-Rewards Checking
0.15%--Business Dividend Checking

Freedom Of Maryland Credit Union CD Rates

2.00%$1k-55 Month CD Special
2.00%$1k-Business 55 Month CD Special
1.40%$300-Business 60 Month CD
1.40%$300-60 Month CD
1.15%$300-Business 48 Month CD
1.15%$300-48 Month CD
1.00%$300-Business 48 Month Bump-Up CD
1.00%$300-48 Month Bump-Up CD
0.85%$300-Business 36 Month CD
0.85%$300-36 Month CD
0.85%$1k-25 Month CD Speical
0.85%$1k-Business 25 Month CD Special
0.70%$300-Business 36 Month Bump-Up CD
0.70%$300-36 Month Bump-Up CD
0.65%$300-Business 24 Month CD
0.65%$300-24 Month CD
0.55%$1k-13 Month CD Special
0.55%$1k-Business 13 Month CD Special
0.50%$300-Business 18 Month CD
0.50%$300-18 Month CD
0.35%$300-Business 12 Month CD
0.35%$300-12 Month CD
0.35%$50k-52 Week Jumbo CD
0.35%$50k-Business 52 Week Jumbo CD
0.30%$300-Business 6 Month CD
0.30%$300-6 Month CD
0.30%$50k-26 Week Jumbo CD
0.30%$50k-39 Week Jumbo CD
0.30%$50k-Business 26 Week Jumbo CD
0.30%$50k-Business 39 Week Jumbo CD
0.20%$50k-13 Week Jumbo CD
0.20%$50k-Business 13 Week Jumbo CD

Freedom Of Maryland Credit Union IRA Rates

2.00%$1k-55 Month IRA Special
1.40%$300-60 Month IRA
1.15%$300-48 Month IRA
1.00%$300-48 Month Bump-Up IRA
0.85%$300-36 Month IRA
0.85%$1k-25 Month IRA Special
0.70%$300-36 Month Bump-Up IRA
0.65%$300-24 Month IRA
0.55%$1k-13 Month IRA Special
0.50%$300-18 Month IRA
0.35%$300-12 Month IRA
0.30%$300-6 Month IRA

Freedom Of Maryland Credit Union Locations
Branch Office1990 Rock Spring RdForest Hill, MD 21050
Branch Office5002 Hoadley RdGunpowder, MD 21010
Branch Office2019 Emmorton RdBel Air, MD 21015
Branch Office1304 E Churchville RdBel Air, MD 21014
Branch Office1830 Pulaski Hwy Ste CHavre de Grace, MD 21078