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  2. Freedom Credit Union

Freedom Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.75%5-year CD60 Month CD
2.40% - Goldman Sachs Bank USA 5 Year CDAdvertisement
0.95%1-year CD12 Month 95th Anniversary CD Special
1.50% - Goldman Sachs Bank USA 12 Month CDAdvertisement
0.05%SavingsShare (Savings Account)
1.35% - CIT Bank Premier High Yield Savings
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 25th largest credit union in the state of Massachusetts. It is also the 546th largest credit union in the nation. It was established in 1986 and as of June of 2017, it had grown to 106 employees and 27,793 members at 10 locations. Freedom Credit Union has an A 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.
See current membership details

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Health
A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees106
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD4.29%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$487.9MM$511.6MM
LoansQ2 2017vs Q2 2016$311.1MM$312.8MM
DepositsQ2 2017vs Q2 2016$397.3MM$428.9MM
Equity CapitalQ2 2017vs Q2 2016$73.9MM$71.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$2.3MM$2.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.2MM$2.1MM
Real Estate OwnedQ2 2017vs Q2 2016$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
1.75%$500-60 Month CD
1.55%$500-48 Month CD
1.25%$500-36 Month CD
1.00%$500-24 Month CD
0.95%--12 Month 95th Anniversary CD Special
0.80%$500-18 Month CD
0.45%$500-9 Month CD
0.40%$500-6 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month IRA
1.55%$500-48 Month IRA
1.25%$500-36 Month IRA
1.00%$500-24 Month IRA
0.95%--12 Month 95th Anniversary IRA Special
0.80%$500-18 Month IRA
0.45%$500-9 Month IRA
0.40%$500-6 Month IRA
Locations


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

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 Office1300 STATE STSpringfield, MA 01109-2553

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