Freedom Credit Union is headquartered in SPRINGFIELD and is the 18th largest credit union in the state of Massachusetts. It is also the 571st largest credit union in the nation. It was established in 1986 and as of June of 2024, it had grown to 98 employees and 32,002 members at 9 locations. Freedom Credit Union's CD rates are 94% higher than the national average, and it has an A health rating.
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
Overall | |
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NCUA # | 66824 |
Year Chartered | 1986 |
Employees | 98 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.19% |
Return on Equity - YTD | 1.59% |
Annual Interest Income | $14.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $740.1MM$724.6MM |
Loans | Q2 2024vs Q2 2023 | $555.6MM$534.7MM |
Deposits | Q2 2024vs Q2 2023 | $572.7MM$549MM |
Equity Capital | Q2 2024vs Q2 2023 | $87.1MM$83.3MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.4MM$3MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $4.1MM$2.6MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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% | $0 | - | Business Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.35%* | $75k* | - | Business Dividend Checking | ||
OTHER TIERS: 0.20% → $5 - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $75k | |||||
0.05% | $0 | - | Advantage Checking | ||
0.05% | $0 | - | Essential Checking |
Freedom Credit Union Locations | ||
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Branch Office | 296 COOLEY ST | SPRINGFIELD, MA 01128-1145 |
Branch Office | 645 CENTER ST | LUDLOW, MA 01056 |
Branch Office | 226 KING ST | NORTHAMPTON, MA 01060 |
Branch Office | 959 SPRINGFIELD ST | FEEDING HILLS, MA 01030 |
Branch Office | 1976 MAIN ST | SPRINGFIELD, MA 01103-1010 |
Branch Office | 1976 MEMORIAL DR | CHICOPEE, MA 01020 |
Branch Office | 74 MAIN ST | GREENFIELD, MA 01301 |
Branch Office | 191 AVENUE A | TURNERS FALLS, MA 01376 |
Branch Office | 58 Union St | West Springfield, MA 01089 |