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Freedom Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.25%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.55%1-year CD12 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.05%SavingsShare (Savings Account)
1.15% - CIT Bank Spring 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 539th largest credit union in the nation. It was established in 1986 and as of March of 2017, it had grown to 104 employees and 27,674 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+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees104
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD3.79%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$488.0MM$520.4MM
LoansQ1 2017vs Q1 2016$312.0MM$303.4MM
DepositsQ1 2017vs Q1 2016$405.6MM$448.2MM
Equity CapitalQ1 2017vs Q1 2016$72.4MM$70.7MM
Loan Loss AllowanceQ1 2017vs Q1 2016$2.3MM$2.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.5MM$3.2MM
Real Estate OwnedQ1 2017vs Q1 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
1.25%$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