Freedom Federal Credit Union (MD)
Overview / Commentary
Freedom Federal Credit Union (MD) is headquartered in Bel Air and is the 22nd largest credit union in the state of Maryland. It is also the 800th largest credit union in the nation. It was established in 1953 and as of September of 2022, it had grown to 91 employees and 34,124 members at 6 locations. Freedom Federal Credit Union (MD) has a B+ health rating.
Field of Membership Restrictions
Membership in Freedom Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in the Maryland counties of Baltimore or Harford. Immediate family of current members or membership-eligible individuals are also eligible to join.
See current membership details
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Health
B+
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8550 |
| Year Chartered | 1953 |
| Employees | 91 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 9.67% |
| Annual Interest Income | $11.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $419.7MM$402.7MM |
| Loans | Q3 2022vs Q3 2021 | $383.2MM$325.8MM |
| Deposits | Q3 2022vs Q3 2021 | $383.1MM$368.6MM |
| Equity Capital | Q3 2022vs Q3 2021 | $33.1MM$32.1MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $806.00K$1.0MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.3MM$815.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |