Freedom Credit Union (PA)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.65% | 5-year CD | 60 Month CD 3.00% - Barclays 60 Month Online CD |
| 2.35% | 4-year CD | 48 Month CD 2.65% - Barclays 48 Month Online CD |
| 2.25% | 3-year CD | 36 Month CD 2.55% - Barclays 36 Month Online CD |
Freedom Credit Union (PA) is headquartered in Warminster and is the 11th largest credit union in the state of Pennsylvania. It is also the 364th largest credit union in the nation. It was established in 1934 and as of March of 2018, it had grown to 113 employees and 65,270 members at 6 locations. Freedom Credit Union (PA)'s CD rates are 89% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Freedom Credit Union is open to anyone through membership in the American Consumer Council ($8 membership fee). Membership is also open to the following: 1) those who live, work, attend school, volunteer or worship in Bucks, Chester, Delaware, Montgomery, or Philadelphia Counties in Pennsylvania; 2) employees and students of Community College of Philadelphia and over 200 area Select Employer Groups also qualify.
See current membership details
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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.
Difficult Opening Process - Unnecessarily Cumbersome - Bad Customer Service
I was able to get a certificate opened but it was way more work than it had to be involved a fax and waiting for someone to call me back at their leisure during a limited time promotion. They are just not set up to deal with demand on a competitive product. Apparently only two people were handling the opening of certificates/funding. I tried calling the person who initially responded to me and spent hours trying to get even a voicemail to pickup. When I finally spoke to the call center they told me the person had left for the day. I had to wait an additional day to receive a call back, which I did thankfully. However, the rep did not follow my instructions on some things but I can live with results. They definitely seem overwhelmed. Just be aware it won't be fast or easy to open an account if you're not able to walk into a branch. If it weren't for very competitive savings rates, I would have gone elsewhere fast.
Antiquated Account Opening Procedures!!!!!!! ZERO Stars
I called to open the 36 month 3.04% APY CD and was told that I had to FAX a copy of my membership certificate in the American Consumer Council to them. (Membership in the ACC qualifies one to join.) I explained that I do not have a FAX machine but would gladly email the certificate.They do not accept emails. This CU has antiquated procedures and I opted to not drag myself to a UPS store to have them fax something for me.
Moreover, as a previous poster observed, you can't find this offer on their website, but the link he provided did address the offer. However, hunting around for their offer does not inspire confidence in me that they know what they are doing. This offer is good but I believe we will be seeing more such offers but from better run banks in the next couple of months, so I will wait.
Also, they did confirm the offer expires on 2/23/18. So, if you don't have a problem dealing with this rinky dink bank, you'd better jump on this offer now.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60275 |
| Year Chartered | 1934 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.13% |
| Return on Equity - YTD | 10.77% |
| Annual Interest Income | $7.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $829.4MM$768.0MM |
| Loans | Q1 2018vs Q1 2017 | $575.1MM$460.9MM |
| Deposits | Q1 2018vs Q1 2017 | $739.3MM$686.4MM |
| Equity Capital | Q1 2018vs Q1 2017 | $84.9MM$76.4MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $6.7MM$5.6MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $2.9MM$2.5MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$90.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | - | - | Primary Savings Account | |
| 0.30% | - | - | Club Savings Account | |
| 0.30% | - | - | IRA Savings Account | |
| 0.30% | - | - | Coverdell Education Savings Account | |
| 0.10% | - | - | Health Savings Account |
Freedom Credit Union (PA) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $10k* | - | Money Market | ||
| OTHER TIERS: 0.30% → Up to $10k | |||||
Freedom Credit Union (PA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Free Interest Checking |
Freedom Credit Union (PA) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.65% | $500 | - | 60 Month CD | |
| 2.65% | $250 | - | 60 Month Youth CD | |
| 2.35% | $500 | - | 48 Month CD | |
| 2.35% | $250 | - | 48 Month Youth CD | |
| 2.25% | $500 | - | 36 Month CD | |
| 2.25% | $250 | - | 36 Month Youth CD | |
| 2.10% | $500 | - | 30 Month CD | |
| 2.10% | $250 | - | 30 Month Youth CD | |
| 1.90% | $500 | - | 24 Month CD | |
| 1.90% | $250 | - | 24 Month Youth CD | |
| 1.75% | $500 | - | 18 Month CD | |
| 1.75% | $250 | - | 18 Month Youth CD | |
| 1.70% | $500 | - | 12 Month CD | |
| 1.70% | $250 | - | 12 Month Youth CD | |
| 0.75% | $500 | - | 6 Month CD | |
| 0.75% | $250 | - | 6 Month Youth CD |
Freedom Credit Union (PA) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.65% | $500 | - | 60 Month IRA CD | |
| 2.35% | $500 | - | 48 Month IRA CD | |
| 2.25% | $500 | - | 36 Month IRA CD | |
| 2.10% | $500 | - | 30 Month IRA CD | |
| 1.90% | $500 | - | 24 Month IRA CD | |
| 1.75% | $500 | - | 18 Month IRA CD | |
| 1.70% | $500 | - | 12 Month IRA CD | |
| 0.75% | $500 | - | 6 Month IRA CD |
| Freedom Credit Union (PA) Locations | ||
|---|---|---|
| Branch Office | 626 Jacksonville Rd Ste 250 | Warminster, PA 18974-4862 |
| Branch Office | 636 E Main St | Lansdale, PA 19446-2964 |
| Branch Office | 1440 Old York Rd | Abington, PA 19001-2606 |
| Branch Office | 10400 Drummond Rd | Philadelphia, PA 19154-3806 |
| Branch Office | 7300 Bustleton Ave | Philadelphia, PA 19152-4300 |
| Branch Office | 25 Jacksonville Rd | Warminster, PA 18974-4803 |