Freedom Credit Union

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A short history of Freedom CU

Since its inception in 1986 the Freedom Credit Union has been serving its members in the SPRINGFIELD, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by GLENN WELCH, the Freedom CU has grown its membership to over 27,793 with assets of more than $487,922,261. They have a main office and 11 branch offices. Please see the credit unions website or contact them by phone at (413) 739-6961 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SPRINGFIELD, MA.

General Information For Freedom CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 66824
Address PO BOX 3009 
State Massachusetts 
Zip-Code 01101
Phone Number (413) 739-6961
Fax Number (413) 750-5770
Email Address:
Members 27,793 
Full-Time Employees 106 
Part-Time Employees 15 
Number of Branch Offices 11 
Total Assets 487,922,261 

Compare Freedom Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
West Springfield CU West Springfield Federal Credit Union 58 Union St 01089 (413) 733-6108 No 1.09
Massmutual CU Bright Meadows 100 Bright Meadow BLVD 06082 (860) 562-1947 No 2.67
Springfield Street Railway Emp. CU springfield street railway employees credit union 640 Page Blvd Ste 102 01104 (413) 781-4454 No 3.20
Greater Springfield CU Main Office 1030 Wilbraham Rd 01109 (413) 782-3161 No 3.71
Polish National CU Hampden 25 E Longmeadow Rd 01036 (413) 566-0084 No 3.72

Freedom Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Freedom Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.59 3.32 3.60 3.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 93 126 82 56
Rank Among All Massachusetts Credit Unions N/A 27 31 14 8

Freedom Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.29 0.54 0.54
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 99 254 221
Rank Among All Massachusetts Credit Unions 10 21 22 50 44
Freedom Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 13.6001,0714,550,324
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 7.00087867,462
New Vehicle Loans 2.5901722,661,680
Used Vehicle Loans 3.3202,37520,246,928
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.6001,820246,070,599
Total Other Real Estate Loans/Lines of Credit 3.50089033,578,318
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.0001583,153,374
TOTAL LOANS & LEASES 6,573311,128,685

Freedom Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 1,522192,731,8459014,121,737
    b. 15 Years or less 24531,484,27832,493,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 5321,854,476104,471,367


Closed-End Fixed Rate 3429,197,398401,941,898
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 54824,380,92023891,908
Open-End Fixed Rate 0000
TOTALS 2,710279,648,91716623,919,910


Interest Only & Payment Option 1st Mortgage Loans 2749,8260
Interest Only & Payment Option Other RE/LOC Loans 190,3590
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Freedom Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes