FREEDOM

PO BOX 3009
Springfield, MA 01101

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 66824
Date Established 1986
Assets $491.35 million
Loans $327.19 million
Deposits $380.06 million
Capital $78.18 million

Freedom is an NCUA insured institution located in Springfield, MA. It was founded in 1986 and has approximately $491.35 millions in assets.

Who Can Join Freedom Credit Union?

You are eligible for membership if you live or work in Hampden, Hampshire, Franklin or Berkshire counties.

You are also eligible to join if you are an immediate relative of a Freedom Credit Union member.

Field of Membership Restrictions

Freedom Credit Union of Massachusetts is open to the residents, college students, and the people that maintain employment within these qualified counties: Hampden, Hampshire, Franklin, and Berkshire as well as the family members of current credit union members.

Deposit Rates - March 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $1 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.95% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $500 - Learn MoreShow Less
12 Mo CD
0.95% $500 - Learn MoreShow Less
18 Mo CD
1.25% $500 - Learn MoreShow Less
24 Mo CD
2.20% $500 - Learn MoreShow Less
36 Mo CD
1.75% $500 - Learn MoreShow Less
48 Mo CD
2.00% $500 - Learn MoreShow Less
60 Mo CD
2.25% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.35% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $5 - Learn MoreShow Less

Loan Rates - March 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FREEDOM

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.560% 4.560% 0.00 $0 $1,276 Learn More
PenFed Credit Union
NMLS ID: 401822
4.250% 4.125% 0.50 $3,750 $1,212 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to FREEDOM
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Freedom branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Freedom Locations


Financial Details

Freedom Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Freedom. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Freedom U.S. Average
4.11% 6.94

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2018, Freedom had $3,110,468 in non-current loans and $196,841 in owned assets. To cover these potential losses it had $78,183,205 in net worth and $2,298,552 in loans loss reserves. That gives it a Texas Ratio of 4.11%.

Net Worth
Freedom U.S. Average
15.91% 13.08%

Freedom FCU has a net worth of 15.91% versus the BestCashCow average of 13.08. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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