Freedom Of Maryland Credit Union

Freedom Of Maryland Credit Union Locations

2019 Emmorton Rd
Bel Air, MD 21015
410-676-5700
www.freedomfcu.org

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Freedom Of Maryland Credit Union is headquartered in Bel Air and is the 23^rd largest credit union in the state of Maryland. It is also the 743^rd largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 76 employees and 29,976 members. Freedom Of Maryland Credit Union has a 5-star health rating.

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

Freedom Of Maryland Credit Union Checking Account Rates

Apy	Min	Max	Product
0.40%	$1k	-	Rewards Checking
0.30%	-	-	Youth Checking
0.25%	-	-	Business Dividend Checking

Freedom Of Maryland Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	-	-	First Home Registry Savings
0.25%	$100	-	Share Savings
0.25%	$100	-	Christmas Club
0.25%	-	-	Youth Share Savings Account
0.25%	$100	-	IRA Savings
0.25%	-	-	Business Savings
0.25%	$100	-	Roth IRA Share Savings
0.25%	$100	-	CESA Savings

Freedom Of Maryland Credit Union Money Market Rates

Apy	Min	Max	Product
0.40%	$100k	-	Money Market
0.40%	$50k	-	Business Money Market
0.40%	$100k	-	Money Market IRA

Freedom Of Maryland Credit Union CD Rates

Apy	Min	Max	Product
2.15%	$10k	-	60 Month Rewards Checking Only CD Special
1.90%	$300	-	Business 60 Month CD
1.90%	$300	-	60 Month CD
1.65%	$10k	-	48 Month Rewards Checking Only CD Special
1.45%	$300	-	Business 48 Month CD
1.45%	$300	-	48 Month CD
1.30%	$300	-	Business 48 Month Bump-Up CD
1.30%	$300	-	48 Month Bump-Up CD
1.00%	$300	-	Business 36 Month CD
1.00%	$300	-	36 Month CD
0.90%	$10k	-	24 Month Rewards Checking Only CD Special
0.85%	$300	-	Business 36 Month Bump-Up CD
0.85%	$300	-	36 Month Bump-Up CD
0.70%	$300	-	Business 24 Month CD
0.70%	$300	-	24 Month CD
0.60%	$300	-	Business 18 Month CD
0.60%	$300	-	18 Month CD
0.50%	$100k	-	12 Month Super Jumbo Rewards Checking Only CD Special
0.45%	$300	-	Business 12 Month CD
0.45%	$300	-	12 Month CD
0.45%	$50k	-	52 Week Jumbo CD
0.45%	$50k	-	Business 52 Week Jumbo CD
0.40%	$100k	-	6 Month Super Jumbo Rewards Checking Only CD Special
0.35%	$300	-	Business 6 Month CD
0.35%	$300	-	6 Month CD
0.35%	$50k	-	26 Week Jumbo CD
0.35%	$50k	-	39 Week Jumbo CD
0.35%	$50k	-	Business 26 Week Jumbo CD
0.35%	$50k	-	Business 39 Week Jumbo CD
0.25%	$50k	-	13 Week Jumbo CD
0.25%	$50k	-	Business 13 Week Jumbo CD

Freedom Of Maryland Credit Union IRA Rates

Apy	Min	Max	Product
1.90%	$300	-	60 Month IRA
1.90%	$300	-	60 Month Roth IRA
1.90%	$300	-	60 Month CESA
1.45%	$300	-	48 Month IRA
1.45%	$300	-	48 Month Roth IRA
1.45%	$300	-	48 Month CESA
1.30%	$300	-	48 Month Bump-Up IRA
1.30%	$300	-	48 Month Bump-Up Roth IRA
1.30%	$300	-	48 Month Bump-Up CESA
1.00%	$300	-	36 Month IRA
1.00%	$300	-	36 Month Roth IRA
1.00%	$300	-	36 Month CESA
0.85%	$300	-	36 Month Bump-Up IRA
0.85%	$300	-	36 Month Bump-Up Roth IRA
0.85%	$300	-	36 Month Bump-Up CESA
0.70%	$300	-	24 Month IRA
0.70%	$300	-	24 Month Roth IRA
0.70%	$300	-	24 Month CESA
0.60%	$300	-	18 Month IRA
0.60%	$300	-	18 Month Roth IRA
0.60%	$300	-	18 Month CESA
0.45%	$300	-	12 Month IRA
0.45%	$300	-	12 Month Roth IRA
0.45%	$300	-	12 Month CESA
0.35%	$300	-	6 Month IRA
0.35%	$300	-	6 Month Roth IRA
0.35%	$300	-	6 Month CESA

Rates updated: 5/25/2012 * Not all products updated

Data for Q4 2011

Institution Statistics

FREEDOM OF MARYLAND
NCUA #	8550
BankRate Report	View
Year Chartered	1953
Employees	76
Primary Regulator
Assets and Liabilities
Assets	$244.80 million
Loans	$163.50 million
Deposits	$222.40 million
Equity Capital	$20.94 million
Loan Loss Allowance	$1.14 million
Unbacked Noncurrent Loans	$637,000
Real Estate Owned	$183,000
Historic Data - December 2010
Assets	$235.15 million
Equity Capital	$19.81 million
Loan Loss Allowance	$1.16 million
Unbacked Noncurrent Loans	$1.01 million
Profit Margin - Quarterly
Net Interest Margin	4.6%
Return on Assets	0.3%
Return on Equity	3.52%
Interest Income	$10.09 million
Non-Interest Income	$2.19 million

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 Of Maryland Credit Union had $820,000 in non-current loans and owned real-estate with $22.08 million in equity and loan loss allowances on hand to cover it. This gives Freedom Of Maryland Credit Union a Texas Ratio of 3.71% 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 decreased slightly from 4.81% as of December 31, 2010 to 3.71% as of December 31, 2011, resulting in a positive change of 22.72%.This indicates that the balance sheet and financial strength for Freedom Of Maryland Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Freedom Of Maryland Credit Union has increased its total deposits by $8.17 million, resulting in 3.81% 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.
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 Of Maryland Credit Union has $244.8 million in assets with $22.08 million in equity, resulting in a capitalization level of 9.02%, which is average.

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