Freedom Credit Union


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

Freedom Credit Union is headquartered in SPRINGFIELD and is the 25th largest credit union in the state of Massachusetts. It is also the 577th largest credit union in the nation. It was established in 1986 and as of March of 2021, it had grown to 103 employees and 31,417 members at 10 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+

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees103
Primary Regulator
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD6.81%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$632.9MM$520.4MM
LoansQ1 2021vs Q1 2020$404.7MM$366.0MM
DepositsQ1 2021vs Q1 2020$521.5MM$423.6MM
Equity CapitalQ1 2021vs Q1 2020$89.1MM$84.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$2.9MM$2.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.2MM$4.4MM
Real Estate OwnedQ1 2021vs Q1 2020$994.00K$1.3MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Freedom Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.25%*$100k*-Business Money Market
OTHER TIERS: 0.10% $5 - $10k | 0.15% $10k - $50k | 0.20% $50k - $100k
0.20%*$75k*-Money Market Account
OTHER TIERS: 0.10% $5 - $25k | 0.15% $25k - $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
0.15%--Freedom NOW
0.05%$5-NOW (Checking Account)
0.05%$5-Forever Freedom Checking

Freedom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-60 Month CD
0.50%$500-48 Month CD
0.40%$500-36 Month CD
0.35%$500-24 Month CD
0.25%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$500-6 Month CD
0.15%$500-9 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-60 Month IRA
0.50%$500-48 Month IRA
0.40%$500-36 Month IRA
0.35%$500-24 Month IRA
0.25%$500-18 Month IRA
0.20%$500-12 Month IRA
0.15%$500-6 Month IRA
0.15%$500-9 Month IRA
Locations


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

CHICOPEE Branches
Branch Office1976 MEMORIAL DRCHICOPEE, MA 01020

EASTHAMPTON Branches
Branch Office422B MAIN STEASTHAMPTON, MA 01027

FEEDING HILLS Branches
Branch Office959 SPRINGFIELD STFEEDING HILLS, MA 01030

GREENFIELD Branches
Branch Office74 MAIN STGREENFIELD, MA 01301

LUDLOW Branches
Branch Office645 CENTER STLUDLOW, MA 01056

NORTHAMPTON Branches
Branch Office226 KING STNORTHAMPTON, MA 01060

SPRINGFIELD Branches
Branch Office296 COOLEY STSPRINGFIELD, MA 01128-1145
Branch Office1976 MAIN STSPRINGFIELD, MA 01103-1010

TURNERS FALLS Branches
Branch Office191 AVENUE ATURNERS FALLS, MA 01376

West Springfield Branches
Branch Office58 Union StWest Springfield, MA 01089

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