Freedom Credit Union

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A short history of Freedom CU

Since its inception in 1956 the Freedom Credit Union has been serving its members in the Provo, Utah 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 Ken Payne, the Freedom CU has grown its membership to over 3,606 with assets of more than $33,108,034. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (801) 375-2120 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 Provo, UT.

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

Charter Number 67129
Address 815 N Freedom Blvd 
City Provo 
State Utah 
Zip-Code 84604
Phone Number (801) 375-2120
Fax Number (801) 377-0435
Email Address:
CEO/President Ken Payne
Members 3,606 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 33,108,034 

Compare Freedom Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Utah Community CU Springville 724 N Main St 84663 (801) 223-8188 No 5.05
Alpine CU American Fork 375 E STATE RD 84003 (801) 756-7697 No 6.79
Orem City Employees CU Only Office 56 N State St 84057 (801) 229-7168 No 6.89
Provo Police & Fire Dept. CU Provo Police & Fire Dept. Credit Union 250 W Center St Ste 114 84603 (801) 377-5634 No 8.86
City Center CU Disaster Recovery 9449 Priority Way West Dr Ste 200 46240 (317) 713-2065 No 9.01

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 9.25 3.89 4.94 4.00 4.37
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 178 261 316 138 150
Rank Among All Utah Credit Unions 11 32 31 14 6

Freedom Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.07 0.27 1.46 1.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 136 102 95 107
Rank Among All Utah Credit Unions N/A 15 8 10 11
Freedom Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.250485919,500
All Other Unsecured Loans/Lines of Credit 16.000449572,947
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.890601,822,706
Used Vehicle Loans 4.9401,11412,398,428
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.000556,105,188
Total Other Real Estate Loans/Lines of Credit 4.370773,124,143
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.0301051,259,248
TOTAL LOANS & LEASES 2,34526,202,160

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 0000
    b. 15 Years or less 211,812,8113589,400
    a. > 15 years 91,688,57300
    b. 15 Years or less 81,363,60400
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 171,240,20018801,453
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 14406,522191,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 632,717,62153892,556
Open-End Fixed Rate 0000
TOTALS 1329,229,331752,374,409


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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