Freedom Credit Union is headquartered in SPRINGFIELD and is the 24th largest credit union in the state of Massachusetts. It is also the 582nd largest credit union in the nation. It was established in 1986 and as of September of 2022, it had grown to 101 employees and 32,326 members at 10 locations. Freedom Credit Union's CD rates are 94% higher than the national average, and it boasts an A+ health rating.
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.
See current membership details
Overall | |
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NCUA # | 66824 |
Year Chartered | 1986 |
Employees | 101 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.35% |
Return on Equity - YTD | 2.97% |
Annual Interest Income | $14.8MM |
Assets and Liabilities | ||
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Assets | Q3 2022vs Q3 2021 | $683.4MM$638.4MM |
Loans | Q3 2022vs Q3 2021 | $483.5MM$431.2MM |
Deposits | Q3 2022vs Q3 2021 | $554.1MM$527.9MM |
Equity Capital | Q3 2022vs Q3 2021 | $79.7MM$89.9MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $3.1MM$2.7MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.9MM$1.3MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$321.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $75k* | - | Business Dividend Checking | ||
OTHER TIERS: 0.10% → $5 - $25k | 0.15% → $25k - $75k | |||||
0.05% | - | - | Advantage Checking | ||
0.05% | - | - | Essential Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 |
CHICOPEE Branches | ||
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Branch Office | 1976 MEMORIAL DR | CHICOPEE, MA 01020 |
EASTHAMPTON Branches | ||
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Branch Office | 422B MAIN ST | EASTHAMPTON, MA 01027 |
FEEDING HILLS Branches | ||
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Branch Office | 959 SPRINGFIELD ST | FEEDING HILLS, MA 01030 |
GREENFIELD Branches | ||
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Branch Office | 74 MAIN ST | GREENFIELD, MA 01301 |
LUDLOW Branches | ||
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Branch Office | 645 CENTER ST | LUDLOW, MA 01056 |
NORTHAMPTON Branches | ||
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Branch Office | 226 KING ST | NORTHAMPTON, MA 01060 |
SPRINGFIELD Branches | ||
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Branch Office | 296 COOLEY ST | SPRINGFIELD, MA 01128-1145 |
Branch Office | 1976 MAIN ST | SPRINGFIELD, MA 01103-1010 |
TURNERS FALLS Branches | ||
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Branch Office | 191 AVENUE A | TURNERS FALLS, MA 01376 |
West Springfield Branches | ||
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Branch Office | 58 Union St | West Springfield, MA 01089 |