Freedom Federal Credit Union (MD)
Overview / Commentary
Freedom Federal Credit Union (MD) is headquartered in Bel Air and is the 16th largest credit union in the state of Maryland. It is also the 689th largest credit union in the nation. It was established in 1953 and as of March of 2025, it had grown to 121 employees and 44,714 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
Health
B+
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8550 |
| Year Chartered | 1953 |
| Employees | 121 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 10.98% |
| Annual Interest Income | $7.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $582.3MM$462.4MM |
| Loans | Q1 2025vs Q1 2024 | $421MM$372.3MM |
| Deposits | Q1 2025vs Q1 2024 | $523.4MM$403.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $43.8MM$34.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $3.3MM$2.5MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $5.6MM$4.1MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$182K |