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 370th largest credit union in the nation. It was established in 1934 and as of September of 2023, it had grown to 90 employees and 66,725 members at 4 locations. Freedom Credit Union (PA)'s money market rates are 9X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Freedom Credit Union is open to those who live, work, attend school, volunteer or worship in the Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, or Philadelphia.
See current membership details

Related Posts

Freedom Featurning Free Wires - 1/2/2024

Freedom CU in Warminster, PA, has published a new fee schedule. It went into effect on 1/1/2024. https://freedomcu.org/wp-content/uploads/2024/01/Fee-Schedule-010124.pdf Noteworthy is the absence of charges for both incoming and outgoing domestic wire transfers. Of interest, too, is that Freedom Credit Union no longer can be reached via a toll-free "800" number. They now offer only 215-612-5900 if you need to telephone them and speak with a representative. I contacted them through chat, which was quite satisfactory after a roughly fifteen minute wait.

Freedom CU CD Rate Drop - 6/1/2023

Freedom Credit Union dropped CD rates: 60 mos. CD 4.75% APY

Freedom CU Still Paying 4.90% On 48 Month And 4.95% On 60 Month CD - 5/9/2023

Looks like Freedom's long term rates holding steady for the past 6 weeks, Just had a CD mature elsewhere. Torn as to whether to put it into one of the current 6 - 24 month CD offers at 5+% or go into the Freedom offer at 4.95%. Won't be needing the principal. The 60 month is what we were hoping for. Had been hoping long term rates would have an upward tick. But the opposite seems to be happening. So all of you DA readers with the crystal ball- please give your 2 cents - Your input matters. Are we better off locking in the 4.95% for 60 months - or - should we open a 12 - 24 month CD at 5%+. These shorter term offers appear to be more attractive. But, might be maturing near the bottom of the cycle where we might be lucky to get 1.5 - 2%. Thanks in advance for the feedback !

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Freedom Warminster Branch

I was just at your warmester branch to get a new card and I had the pleasure of Ira and Sherry assisting me.
Both employees were extremely pleasant professional and made the transaction so easy!
It's so rare nowadays to get such extremely extraordinary customer service! Ira and Sherry are definitely assets to the company!

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".

Customer Service

Posted by: |

Customer service is terrible.

I had an account that went dormant within the same month that I was trying to transfer funds.

Customer service denied access.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #60275
Year Chartered1934
Employees90
Primary Regulator
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD10.51%
Annual Interest Income$38.5MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.22B$1.11B
LoansQ3 2023vs Q3 2022$779.7MM$713.7MM
DepositsQ3 2023vs Q3 2022$1.06B$970.4MM
Equity CapitalQ3 2023vs Q3 2022$151.9MM$134.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$11.3MM$10.4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$5.6MM$4.9MM
Real Estate OwnedQ3 2023vs Q3 2022$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
1.00%--Primary Savings Account
1.00%--Club Savings Account
1.00%--IRA Savings Account
1.00%--Coverdell Education Savings Account
0.20%--Health Savings Account

Freedom Credit Union (PA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.07%*$50k*-Money Market
OTHER TIERS: 1.00% Up to $10k | 3.55% $10k+

Freedom Credit Union (PA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Free Checking

Freedom Credit Union (PA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.37%$500-12 Month CD
5.37%$250-12 Month Youth CD
5.11%$500-18 Month CD
5.11%$250-18 Month Youth CD
4.95%$500-6 Month CD
4.95%$250-6 Month Youth CD
4.85%$500-24 Month CD
4.85%$250-24 Month Youth CD
4.59%$500-60 Month CD
4.59%$250-60 Month Youth CD
4.48%$500-30 Month CD
4.48%$250-30 Month Youth CD
4.43%$500-36 Month CD
4.43%$250-36 Month Youth CD
4.38%$500-48 Month CD
4.38%$250-48 Month Youth CD

Freedom Credit Union (PA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.37%$500-12 Month IRA
5.11%$500-18 Month IRA
4.95%$500-6 Month IRA
4.85%$500-24 Month IRA
4.59%$500-60 Month IRA
4.48%$500-30 Month IRA
4.43%$500-36 Month IRA
4.38%$500-48 Month IRA
Locations


Freedom Credit Union (PA) Locations
Branch Office1440 Old York RdAbington, PA 19001-2606
Branch Office35 W Street RdWarminster, PA 18974-3201
Branch Office9910 Frankford AvePhiladelphia, PA 19114-1900
Branch Office2333 Fairmount AvePhiladelphia, PA 19130-2544

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