Freedom Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.25%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
0.95%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD
0.05%	Savings	2.00% - American Express National Bank High Yield Savings Account

View all Freedom Credit Union rates »

Overview / Commentary

www.freedom.coop

413-739-6961

1976 Main St
Springfield, MA 01103-1010

Freedom Credit Union is headquartered in SPRINGFIELD and is the 26^th largest credit union in the state of Massachusetts. It is also the 563^rd largest credit union in the nation. It was established in 1986 and as of June of 2018, it had grown to 100 employees and 28,009 members at 10 locations. Freedom Credit Union has a B+ health rating.

Field of Membership Restrictions

Freedom Credit Union of Massachusetts is open to the residents, college students, and the people that maintain employment within these qualified counties: Hampden, Hampshire, Franklin, and Berkshire as well as the family members of current credit union members.
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Health

B+

Data as of Q2 2018

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Health Grade Components

Overall
NCUA #	66824
Year Chartered	1986
Employees	100
Primary Regulator

Profit Margin
Return on Assets - YTD	0.8%
Return on Equity - YTD	5.08%
Annual Interest Income	$8.6MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$491.4MM$487.9MM
Loans	Q2 2018vs Q2 2017	$327.2MM$311.1MM
Deposits	Q2 2018vs Q2 2017	$380.1MM$397.3MM
Equity Capital	Q2 2018vs Q2 2017	$76.9MM$73.9MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$2.3MM$2.3MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$2.4MM$1.2MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

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
0.35%	$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

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$75k^*	-	Money Market Account
OTHER TIERS: 0.25% → $5 - $25k \| 0.30% → $25k - $50k \| 0.35% → $50k - $75k
0.40%^*	$75k^*	-	Business Money Market
OTHER TIERS: 0.25% → $5 - $25k \| 0.30% → $25k - $50k \| 0.35% → $50k - $75k

Freedom Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$5	$100k	Freedom NOW
OTHER TIERS: 0.20% → $100k+
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

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	60 Month CD
2.20%	$500	-	24 Month CD
2.00%	$500	-	48 Month CD
2.00%	$1k	-	20 Month CD Special
1.75%	$500	-	36 Month CD
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

APY	MIN	MAX	ACCOUNT NAME
2.25%	$500	-	60 Month IRA
2.20%	$500	-	24 Month IRA
2.00%	$500	-	48 Month IRA
2.00%	$1k	-	20 Month IRA Special
1.75%	$500	-	36 Month IRA
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

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

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	1300 STATE ST	Springfield, MA 01109-2553

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

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