Freedom Credit Union


Overview / Commentary
413-739-6961
1976 Main St
Springfield, MA 01103

Freedom Credit Union is headquartered in SPRINGFIELD and is the 25th largest credit union in the state of Massachusetts. It is also the 593rd largest credit union in the nation. It was established in 1986 and as of June of 2022, it had grown to 98 employees and 31,878 members at 10 locations. Freedom Credit Union has an A health rating.

Field of Membership Restrictions

Freedom Credit Union is open to those who live, work, or attend college in Berkshire, Franklin, Hampden, or Hampshire County. Eligibility also extends to the immediate family of current credit union members.
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Health

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees98
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD2.38%
Annual Interest Income$9.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$660.8MM$640.4MM
LoansQ2 2022vs Q2 2021$466.1MM$426.2MM
DepositsQ2 2022vs Q2 2021$536.9MM$526.5MM
Equity CapitalQ2 2022vs Q2 2021$82.9MM$89.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.9MM$2.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.5MM$1.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$1.3MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Freedom Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Freedom Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-IRA Savings Account
0.05%$5-Vacation Club Accounts
0.05%$5-Share (Savings Account)
0.05%$5-Holiday Club
0.05%--Business Savings Account

Freedom Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Business Money Market
OTHER TIERS: 0.10% $5 - $10k | 0.15% $10k - $50k | 0.20% $50k - $100k
0.20%*$75k*-Money Market Account
OTHER TIERS: 0.10% $5 - $25k | 0.15% $25k - $75k

Freedom Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$75k*-Business Dividend Checking
OTHER TIERS: 0.10% $5 - $25k | 0.15% $25k - $75k
0.05%--Advantage Checking
0.05%--Essential Checking

Freedom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$500-5 Years CD Special
2.50%$500-4 Years CD Special
2.25%$500-3 Years CD Special
2.13%$500-24 Month CD
2.00%$500-18 Month CD
1.00%$500-9 Month CD
0.20%$500-12 Month CD
0.15%$500-6 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$500-5 Years IRA Special
2.50%$500-4 Years IRA Special
2.25%$500-3 Years IRA Special
2.13%$500-24 Month IRA
2.00%$500-18 Month IRA
1.00%$500-9 Month IRA
0.20%$500-12 Month IRA
0.15%$500-6 Month IRA
Locations


Cities: CHICOPEE, EASTHAMPTON, FEEDING HILLS, GREENFIELD, LUDLOW, NORTHAMPTON, SPRINGFIELD, TURNERS FALLS, West Springfield

CHICOPEE Branches
Branch Office1976 MEMORIAL DRCHICOPEE, MA 01020

EASTHAMPTON Branches
Branch Office422B MAIN STEASTHAMPTON, MA 01027

FEEDING HILLS Branches
Branch Office959 SPRINGFIELD STFEEDING HILLS, MA 01030

GREENFIELD Branches
Branch Office74 MAIN STGREENFIELD, MA 01301

LUDLOW Branches
Branch Office645 CENTER STLUDLOW, MA 01056

NORTHAMPTON Branches
Branch Office226 KING STNORTHAMPTON, MA 01060

SPRINGFIELD Branches
Branch Office296 COOLEY STSPRINGFIELD, MA 01128-1145
Branch Office1976 MAIN STSPRINGFIELD, MA 01103-1010

TURNERS FALLS Branches
Branch Office191 AVENUE ATURNERS FALLS, MA 01376

West Springfield Branches
Branch Office58 Union StWest Springfield, MA 01089

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