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

Freedom Credit Union is headquartered in SPRINGFIELD and is the 24th largest credit union in the state of Massachusetts. It is also the 523rd largest credit union in the nation. It was established in 1986 and as of December of 2016, it had grown to 108 employees and 27,693 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+

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees108
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD3.33%
Annual Interest Income$16.2MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$488.9MM$530.5MM
LoansQ4 2016vs Q4 2015$312.6MM$300.3MM
DepositsQ4 2016vs Q4 2015$404.0MM$454.6MM
Equity CapitalQ4 2016vs Q4 2015$71.3MM$69.8MM
Loan Loss AllowanceQ4 2016vs Q4 2015$2.3MM$2.3MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$3.1MM$4.8MM
Real Estate OwnedQ4 2016vs Q4 2015$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
0.35%--IRA Savings Account
0.05%--Vacation Club Accounts
0.05%$25-Share (Savings Account)
0.05%--Holiday Club Accounts
0.05%--Business Savings Account

Freedom Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$75k*-Money Market Account
OTHER TIERS: 0.25% Up to $25k | 0.30% $25k - $50k | 0.35% $50k - $75k
0.40%*$75k*-Business Money Market
OTHER TIERS: 0.25% Up to $25k | 0.30% $25k - $50k | 0.35% $50k - $75k

Freedom Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*-$100kFreedom NOW
OTHER TIERS: 0.20% $100k+
0.40%*$75k*-Business Dividend Checking
OTHER TIERS: 0.25% Up to $25k | 0.30% $25k - $50k | 0.35% $50k - $75k
0.05%$100-NOW (Checking Account)
0.05%--Forever Freedom Checking

Freedom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month CD
1.10%$500-48 Month CD
1.00%$500-36 Month CD
0.80%$500-24 Month CD
0.65%$500-18 Month CD
0.55%$500-12 Month CD
0.45%$500-9 Month CD
0.40%$500-6 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month IRA
1.10%$500-48 Month IRA
1.00%$500-36 Month IRA
0.80%$500-24 Month IRA
0.65%$500-18 Month IRA
0.55%$500-12 Month IRA
0.45%$500-9 Month IRA
0.40%$500-6 Month IRA
Locations


Freedom Credit Union Locations
Branch Office422B MAIN STEASTHAMPTON, MA 01027
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 Office1300 STATE STSpringfield, MA 01109-2553
Branch Office191 AVENUE ATURNERS FALLS, MA 01376