2. Freedom Credit Union

Freedom Credit Union


Overview / Commentary
freedom.coop
413-739-6961
1976 Main St
Springfield, MA 01103-1010

Freedom Credit Union is headquartered in SPRINGFIELD and is the 25th largest credit union in the state of Massachusetts. It is also the 569th largest credit union in the nation. It was established in 1986 and as of March of 2019, it had grown to 107 employees and 30,915 members at 11 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 Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees107
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD4.93%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$508.6MM$486.4MM
LoansQ1 2019vs Q1 2018$359.5MM$318.4MM
DepositsQ1 2019vs Q1 2018$389.0MM$386.3MM
Equity CapitalQ1 2019vs Q1 2018$83.6MM$75.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.4MM$2.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$4.2MM$2.2MM
Real Estate OwnedQ1 2019vs Q1 2018$190.00K$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$5-IRA Savings Account
0.05%$5-Share (Savings Account)
0.05%$5-Club Accounts
0.05%--Business Savings Account

Freedom Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$100k*-Business Money Market
OTHER TIERS: 0.10% → $5 - $10k | 0.50% → $10k - $50k | 1.00% → $50k - $100k
0.40%*$75k*-Money Market Account
OTHER TIERS: 0.25% → $5 - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $75k

Freedom Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--Freedom NOW
0.40%*$75k*-Business Dividend Checking
OTHER TIERS: 0.25% → $5 - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $75k
0.05%$5-NOW (Checking Account)
0.05%$5-Forever Freedom Checking

Freedom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month CD
2.20%$500-24 Month CD
2.10%$2.5k-10 Month Relationship CD Special
2.00%$500-48 Month CD
2.00%$1k-20 Month CD Special
1.75%$500-36 Month CD
1.75%$2.5k-10 Month CD Special
1.25%$500-18 Month CD
0.95%$500-12 Month CD
0.50%$500-6 Month CD
0.50%$500-9 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month IRA
2.20%$500-24 Month IRA
2.10%$2.5k-10 Month Relationship IRA Special
2.00%$500-48 Month IRA
2.00%$1k-20 Month IRA Special
1.75%$500-36 Month IRA
1.75%$2.5k-10 Month IRA Special
1.25%$500-18 Month IRA
0.95%$500-12 Month IRA
0.50%$500-6 Month IRA
0.50%$500-9 Month IRA
Locations

Availability



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