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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 27th largest credit union in the state of Massachusetts. It is also the 591st largest credit union in the nation. It was established in 1986 and as of December of 2019, it had grown to 113 employees and 30,996 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 Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees113
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD3.35%
Annual Interest Income$18.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$496.7MM$477.6MM
LoansQ4 2019vs Q4 2018$369.6MM$347.5MM
DepositsQ4 2019vs Q4 2018$398.0MM$360.7MM
Equity CapitalQ4 2019vs Q4 2018$85.9MM$79.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.4MM$2.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$5.4MM$1.9MM
Real Estate OwnedQ4 2019vs Q4 2018$1.3MM$328.00K
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-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
1.00%*$100k*-Business Money Market
OTHER TIERS: 0.10% → $5 - $10k | 0.25% → $10k - $50k | 0.50% → $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%*$75k*-Business Dividend Checking
OTHER TIERS: 0.25% → $5 - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $75k
0.20%--Freedom NOW
0.05%$5-NOW (Checking Account)
0.05%$5-Forever Freedom Checking

Freedom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month CD
1.20%$500-48 Month CD
1.00%$500-36 Month CD
0.80%$500-24 Month CD
0.65%$500-18 Month CD
0.50%$500-12 Month CD
0.40%$500-6 Month CD
0.40%$500-9 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month IRA
1.20%$500-48 Month IRA
1.00%$500-36 Month IRA
0.80%$500-24 Month IRA
0.65%$500-18 Month IRA
0.50%$500-12 Month IRA
0.40%$500-6 Month IRA
0.40%$500-9 Month IRA
Locations

Availability



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