Freedom Credit Union (PA) is headquartered in Warminster and is the 11th largest credit union in the state of Pennsylvania. It is also the 389th largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 88 employees and 68,505 members at 4 locations. Freedom Credit Union (PA)'s money market rates are 7X the national average, and it has 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
12/14 - Freedom C.U. Increases 5 Yr CD Rate
10/24 - Freedom Credit Union Short-Term CD Rates Jump Upward
10/21 - Freedom CU (PA): For A Limited Time, All New Cds Carry A Rate Of 4.08%
9/25 - Freedom Credit Union Continues Great 36-Month CD APY
9/24 - 3 Year Cd For 4.08
9/3 - Freedom Credit Union Has Great But Limited-Time CD Rates
9/2 - Freedom CU (PA): 24 Mo. CD: 3.56%; 30 Mo. CD: 3.82%; 36 Mo. CD: 4.08%
1/28 - Freedom Credit Union Boosts Long-Term CD Rates To Competitive Levels
2/6 - Freedom Credit Union Offers Competitive 36- And 30-Month CDs
2/4 - Freedom CU (PA): 30-Mo. CD: 1.30%; 36-Mo. CD: 1.50%
2/14 - 18 Month CD At 3.5% APY
1/17 - Freedom Credit Union Offers 24-Month CD, 3.05% APY
8/6/18 - Freedom Credit Union Adds 30-Month CD
2/5/18 - Freedom Credit Union Adds 36-Month Special CD
2/3/18 - Freedom CU CD Special - 36-Month @ 3.04% APY
1/5/12 - Top Long-Term CD Rates at Freedom Credit Union in PA - Local Only
1/26/08 - 5.15% 60-Month / 5.00% 36-Month CD at a Pennsylvania CU (Freedom).
10/3/07 - 5.50% 24-Month / 5.35% 12-Month at a Utah CU (Freedom)
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".
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.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60275 |
| Year Chartered | 1934 |
| Employees | 88 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 9.61% |
| Annual Interest Income | $24.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $1.11B$1.12B |
| Loans | Q3 2022vs Q3 2021 | $713.7MM$603.0MM |
| Deposits | Q3 2022vs Q3 2021 | $970.4MM$990.4MM |
| Equity Capital | Q3 2022vs Q3 2021 | $134.9MM$128.5MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $10.4MM$10.3MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $4.9MM$4.1MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |