Freedom Credit Union

Overview / Commentary

413-739-6961

1976 Main St
Springfield, MA 01103

Freedom Credit Union is headquartered in SPRINGFIELD and is the 26^th largest credit union in the state of Massachusetts. It is also the 590^th largest credit union in the nation. It was established in 1986 and as of December of 2021, it had grown to 98 employees and 31,655 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

A+

Data as of Q4 2021

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Health Grade Components

Overall
NCUA #	66824
Year Chartered	1986
Employees	98
Primary Regulator

Profit Margin
Return on Assets - YTD	0.67%
Return on Equity - YTD	4.77%
Annual Interest Income	$18.0MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$649.8MM$593.6MM
Loans	Q4 2021vs Q4 2020	$446.2MM$400.0MM
Deposits	Q4 2021vs Q4 2020	$526.9MM$485.2MM
Equity Capital	Q4 2021vs Q4 2020	$90.2MM$87.6MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$2.7MM$3.1MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$1.1MM$2.1MM
Real Estate Owned	Q4 2021vs Q4 2020	$465.00K$994.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
0.70%	$500	-	60 Month CD
0.50%	$500	-	48 Month CD
0.40%	$500	-	36 Month CD
0.35%	$500	-	24 Month CD
0.25%	$500	-	18 Month CD
0.20%	$500	-	12 Month CD
0.15%	$500	-	6 Month CD
0.15%	$500	-	9 Month CD

Freedom Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$500	-	60 Month IRA
0.50%	$500	-	48 Month IRA
0.40%	$500	-	36 Month IRA
0.35%	$500	-	24 Month IRA
0.25%	$500	-	18 Month IRA
0.20%	$500	-	12 Month IRA
0.15%	$500	-	6 Month IRA
0.15%	$500	-	9 Month IRA

Locations

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

CHICOPEE Branches
Branch Office	1976 MEMORIAL DR	CHICOPEE, MA 01020

EASTHAMPTON Branches
Branch Office	422B MAIN ST	EASTHAMPTON, MA 01027

FEEDING HILLS Branches
Branch Office	959 SPRINGFIELD ST	FEEDING HILLS, MA 01030

GREENFIELD Branches
Branch Office	74 MAIN ST	GREENFIELD, MA 01301

LUDLOW Branches
Branch Office	645 CENTER ST	LUDLOW, MA 01056

NORTHAMPTON Branches
Branch Office	226 KING ST	NORTHAMPTON, MA 01060

SPRINGFIELD Branches
Branch Office	296 COOLEY ST	SPRINGFIELD, MA 01128-1145
Branch Office	1976 MAIN ST	SPRINGFIELD, MA 01103-1010

TURNERS FALLS Branches
Branch Office	191 AVENUE A	TURNERS FALLS, MA 01376

West Springfield Branches
Branch Office	58 Union St	West Springfield, MA 01089

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