Freedom Credit Union (PA)


Overview / Commentary
215-612-5919
626 Jacksonville Rd Ste 250
Warminster, PA 18974-4862

Freedom Credit Union (PA) is headquartered in Warminster and is the 11th largest credit union in the state of Pennsylvania. It is also the 387th largest credit union in the nation. It was established in 1934 and as of June of 2022, it had grown to 89 employees and 67,647 members at 4 locations. Freedom Credit Union (PA)'s CD rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Freedom Credit Union is open to any qualified individual that meets the membership criteria for the American Consumer Council and lives in the states of Pennsylvania, New Jersey, Washington D.C., Maryland, Virginia, West Virginia, or Delaware. ($8 membership fee). Membership is also open to the following: 1) those who live, work, attend school, volunteer or worship in Philadelphia, Montgomery, Delaware, Chester, or Bucks Counties in Pennsylvania; 2) employees and students of Community College of Philadelphia and more than 290 area Select Employer Groups also qualify. (A complete list of groups is posted on the credit union's website)
See current membership details

Related Posts

Freedom Credit Union Continues Great 36-Month CD APY - 9/25/2022

Freedom Credit Union (easy membership in DC, DE, MD, NJ, PA, VA, WV) 30-month and 36-monthCDs continue to offer very competitive rates. $500 minimum deposit.

3 Year Cd For 4.08 - 9/24/2022

I just noticed this today

Freedom Credit Union Has Great But Limited-Time CD Rates - 9/3/2022

Freedom Credit Union (easy membership in DC, DE, MD, NJ, PA, VA, WV) has three extremely competitive limited-time CDs: 24-, 30-, and 36-month. $500 minimum of new funds.

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I Had A TERRIFIC Experience

This is what I did
I joined Consumer Council, received the membership certificate in an email in two days, I scanned it. That same day I opened a $5 basic savings.

On Day three I made contact with natalie (215-613-0932) she handled the ach transfer (free to me) Day four: the cd already showed up pending completion. Day 5 Re-checked.... my bank had sent the funds and later that day the funds were in my 3.56 % 30 month cd. I am happy!

Persistence Pays Off

I opened the promo 30 mos CD paying 3.56% APY. It took some doing, numerous phone calls, simply because the staff was inundated with new account openings given the very attractive rate. I eventually got in touch with the right person and the ACH info was taken and transfers are underway. Online the accounts show as open pending funding.

I would say overall, for a relatively small institution, they have a good website, competent staff and they exhibited strong customer relations. For their size I'm giving them an "A".

Freedom Summary

This institution is always there to help from the people in the branch and even over the phone with their telephone teller. This allows you to do many transactions over the phone without having to go to a branch in person. Also, this institution has great rates on different deposit products and that is a main reason I am still with the credit union. Overall, I am very satisfied with the organization and I would and do recommend people to this organization. The only downside to the company is that they do not have many branches. This hinders your ability to go to them if you are in need of help, however, that is where the telephone teller comes into play and saves the reputation. The company also has a very user friendly app that makes mobile banking easy and fun. This is extremely helpful because I am around my phone more often than I am around a computer or even a branch itself.

Sept 22 CD Rates Only Available To IN-STATE Investors

Posted by: |

The information as presented on this site is incorrect. I called the bank on 15 Sept 2022 and it is not open to any residents of the states listed (I am a NJ resident). It's only for PA, and only a few select counties at that.

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Health

Health Grade Components

Overall
NCUA #60275
Year Chartered1934
Employees89
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD8.53%
Annual Interest Income$15.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.10B$1.11B
LoansQ2 2022vs Q2 2021$642.0MM$625.1MM
DepositsQ2 2022vs Q2 2021$962.1MM$980.4MM
Equity CapitalQ2 2022vs Q2 2021$133.5MM$124.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$10.1MM$10.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.9MM$4.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Freedom Credit Union (PA); 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.

Freedom Credit Union (PA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$5-Primary Savings Account
0.30%--Club Savings Account
0.30%--IRA Savings Account
0.30%--Coverdell Education Savings Account
0.20%--Health Savings Account

Freedom Credit Union (PA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$10k*-Money Market
OTHER TIERS: 0.30% Up to $10k

Freedom Credit Union (PA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Free Checking

Freedom Credit Union (PA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.08%$500-36 Month CD
4.08%$250-36 Month Youth CD
3.82%$500-30 Month CD
3.82%$250-30 Month Youth CD
3.56%$500-24 Month CD
3.56%$250-24 Month Youth CD
3.30%$500-18 Month CD
3.30%$500-60 Month CD
3.30%$250-18 Month Youth CD
3.30%$250-60 Month Youth CD
3.15%$500-48 Month CD
3.15%$250-48 Month Youth CD
3.04%$500-12 Month CD
3.04%$250-12 Month Youth CD
2.02%$500-6 Month CD
2.02%$250-6 Month Youth CD

Freedom Credit Union (PA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.08%$500-36 Month IRA
3.82%$500-30 Month IRA
3.56%$500-24 Month IRA
3.30%$500-18 Month IRA
3.30%$500-60 Month IRA
3.15%$500-48 Month IRA
3.04%$500-12 Month IRA
2.02%$500-6 Month IRA
Locations


Freedom Credit Union (PA) Locations
Branch Office1440 Old York RdAbington, PA 19001-2606
Branch Office25 Jacksonville RdWarminster, PA 18974-4803
Branch Office9910 Frankford AvePhiladelphia, PA 19114-1900
Branch Office2333 Fairmount AvePhiladelphia, PA 19130-2544

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