2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 66824
Date Established 1986
Assets $477.58 million
Loans $347.45 million
Deposits $360.70 million
Capital $80.35 million

Freedom is an NCUA insured institution located in Springfield, MA. It was founded in 1986 and has approximately $477.58 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 - May 23, 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 - May 23, 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
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.905% 3.875% 0.38 $900 $1,176 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$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
8.22% 7.49

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 December 31, 2018, Freedom had $6,458,571 in non-current loans and $328,279 in owned assets. To cover these potential losses it had $80,351,334 in net worth and $2,181,411 in loans loss reserves. That gives it a Texas Ratio of 8.22%.

Net Worth
Freedom U.S. Average
16.82% 13.61%

Freedom FCU has a net worth of 16.82% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Freedom

Branches and Savings

What is Freedom?

A federal credit union, registered with the NCUA under certificate #66824.
Learn more about credit unions here.

Is Freedom FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Freedom?

Please see Field of Membership information above for information on who is eligible to join.

What are Freedom's share account and share certificate rates?

Freedom's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Freedom?

Freedom has total capital of $80.35 million. Full information on Freedom's financial position is located above.

Who owns Freedom?

Credit Unions are owned by their members.

Where are Freedom branches located?

See branch locations nearby.

Are Freedom ATMs Open 24/7?

Do Freedom ATMs accept cash deposits?

Can Freedom customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Freedom have a mobile app?

Does Freedom have mobile deposit?

Does Freedom have quick pay?

How can Freedom transfer money to other banks or credit unions?

Does Freedom report to credit bureaus?

Does Freedom use Chexsystems?

Does Freedom use Equifax?

What is Freedom's toll free phone number?

What is Freedom's ACH Routing Number?

What is Freedom's SWIFT code?

Where can I find Freedom's wire transfer form?

What is the Freedom address for deposits?

What Products Does Freedom Offer

Does Freedom offer mortgages?

Compare mortgage rates here.

Does Freedom offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Freedom offer auto and RV loans?

Compare auto loan rates here.

Does Freedom offer student loans or personal loans?

Compare personal loan rates here.

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