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Freedom Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%Reward CheckingTurbo Checking
0.30%1-year CD12 - 17 Month CD
0.10%SavingsSavings

Overview / Commentary
252-442-8888
1080 N Winstead Ave
Rocky Mount, NC 27804-8761

Freedom Federal Credit Union is headquartered in Rocky Mount and is the 32nd largest credit union in the state of North Carolina. It is also the 2,240th largest credit union in the nation. It was established in 1952 and as of June of 2016, it had grown to 20 employees and 8,338 members at 5 locations. Freedom Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to anyone through joining the North Carolina Consumer Council (one year membership dues of $18). Membership is open to those who live, work, worship or attend school in Henderson County, Vance County, or Rocky Mount and its surrounding area.
See current membership details

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Health
B
Additional 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 Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #8232
Year Chartered1952
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD-1.5%
Return on Equity - YTD-18.32%
Annual Interest Income$927.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$53.0MM$53.8MM
LoansQ2 2016vs Q2 2015$37.9MM$39.8MM
DepositsQ2 2016vs Q2 2015$48.2MM$48.6MM
Equity CapitalQ2 2016vs Q2 2015$4.4MM$4.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$172.00K$195.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$173.00K$88.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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Freedom Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%--IRA Savings
0.65%--Roth IRA Savings
0.65%--Coverdell Education Savings Account
0.10%--Savings
0.10%--Christmas Club
0.10%--Kids Club

Freedom Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%-$35kTurboChecking - Qualifying
0.10%--Dividend Checking

Freedom Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-24 - 29 Month CD
0.50%$500-30 Month CD
0.30%$500-12 - 17 Month CD
0.30%$500-18 - 23 Month CD
0.20%$500-6 - 11 Month CD

Freedom Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-24 - 29 Month IRA
0.50%$500-30 Month IRA
0.30%$500-12 - 17 Month IRA
0.30%$500-18 - 23 Month IRA
0.20%$500-6 - 11 Month IRA
Locations


Freedom Federal Credit Union Locations
Branch Office1080 N Winstead AveRocky Mount, NC 27804-8761
Branch Office900 Dorsey AveHenderson, NC 27536
Branch Office1900 Kildaire Farm RdCary, NC 27518
Branch Office3000A New Bern AveRaleigh, NC 27610-1215
Branch Office2900 N Wesleyan BlvdRocky Mount, NC 27804-8667