Overview / Commentary
Freedom Credit Union (UT) is headquartered in Provo and is the 25th largest credit union in the state of Utah. It is also the 2,180th largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 10 employees and 3,848 members at 2 locations. Freedom Credit Union (UT) has a B+ health rating.
Field of Membership Restrictions
Membership in Freedom Credit Union is open to those who live, work, or attend school in Utah County, Utah. Immediate family members of a current Freedom Credit Union member are also eligible to join.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Freedom Credit Union (UT) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67129 |
| Year Chartered | 1956 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.03% |
| Return on Equity - YTD | 0.31% |
| Annual Interest Income | $853K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $67.6MM$63.5MM |
| Loans | Q1 2025vs Q1 2024 | $46.7MM$46.1MM |
| Deposits | Q1 2025vs Q1 2024 | $60MM$56.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.9MM$6.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $223K$284K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $467K$68K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |