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Freedom Credit Union


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

Freedom Credit Union is headquartered in SPRINGFIELD and is the 21st largest credit union in the state of Massachusetts. It is also the 567th largest credit union in the nation. It was established in 1986 and as of June of 2023, it had grown to 99 employees and 31,955 members at 9 locations. Freedom Credit Union's CD rates are 94% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Freedom Credit Union is open to those who live, work, or attend school in the Massachusetts counties of Berkshire, Franklin, Hampden, or Hampshire, or the Connecticut counties of Hartford or Tolland. Eligibility also extends to family members of current credit union members.
See current membership details

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Health
A

Data as of Q2 2023

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Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees99
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.27%
Annual Interest Income$13.0MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$724.6MM$660.8MM
LoansQ2 2023vs Q2 2022$534.7MM$466.1MM
DepositsQ2 2023vs Q2 2022$549.0MM$536.9MM
Equity CapitalQ2 2023vs Q2 2022$83.3MM$82.9MM
Loan Loss AllowanceQ2 2023vs Q2 2022$3.0MM$2.9MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.6MM$1.5MM
Real Estate OwnedQ2 2023vs Q2 2022$0$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
0.15%$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
0.35%*$75k*-Money Market Account
OTHER TIERS: 0.20% → $5 - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $75k
0.35%*$100k*-Business Money Market
OTHER TIERS: 0.20% → $5 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k

Freedom Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$75k*-Business Dividend Checking
OTHER TIERS: 0.20% → $5 - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $75k
0.05%--Advantage Checking
0.05%--Essential Checking

Freedom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-10 Month CD Special
5.00%$500-7 Month CD Special
2.75%$500-60 Month CD
2.50%$500-48 Month CD
2.25%$500-36 Month CD
2.13%$500-24 Month CD
2.00%$500-18 Month CD
1.75%$500-12 Month CD
1.50%$500-6 Month CD
1.00%$500-9 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-10 Month IRA Special
5.00%$500-7 Month IRA Special
2.75%$500-60 Month IRA
2.50%$500-48 Month IRA
2.25%$500-36 Month IRA
2.13%$500-24 Month IRA
2.00%$500-18 Month IRA
1.75%$500-12 Month IRA
1.50%$500-6 Month IRA
1.00%$500-9 Month IRA
Locations


Freedom Credit Union Locations
Branch Office296 COOLEY STSPRINGFIELD, MA 01128-1145
Branch Office645 CENTER STLUDLOW, MA 01056
Branch Office226 KING STNORTHAMPTON, MA 01060
Branch Office959 SPRINGFIELD STFEEDING HILLS, MA 01030
Branch Office1976 MAIN STSPRINGFIELD, MA 01103-1010
Branch Office1976 MEMORIAL DRCHICOPEE, MA 01020
Branch Office74 MAIN STGREENFIELD, MA 01301
Branch Office191 AVENUE ATURNERS FALLS, MA 01376
Branch Office58 Union StWest Springfield, MA 01089

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