Freedom Of Maryland Federal Credit Union

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A short history of Freedom Of Maryland FCU

Since its inception in 1953 the Freedom Of Maryland Federal Credit Union has been serving its members in the Bel Air, Maryland 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 Michael MacPherson, the Freedom Of Maryland FCU has grown its membership to over 31,556 with assets of more than $318,335,511. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (410) 676-5700 or email them at membserv@freedomfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Bel Air, MD.

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

Charter Number 8550
Address 2019 Emmorton Rd 
City Bel Air 
State Maryland 
Zip-Code 21015
Phone Number (410) 676-5700
Fax Number (443) 512-8389
Email Address: membserv@freedomfcu.org
CEO/President Michael MacPherson
Members 31,556 
Full-Time Employees 76 
Part-Time Employees
Number of Branch Offices
Total Assets 318,335,511 
Website http://www.freedomfcu.org 

Compare Freedom Of Maryland Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Har-co CU Main Branch 30 N Hickory Ave 21014 (410) 838-9090 No 2.95
Aberdeen Proving Ground CU Edgewood Operations Center 1321 Pulaski Hwy 21001 (410) 272-4000 No 8.14
Lm CU MAIN OFFICE 101 CHESAPEAKE PARK PLZ 21220 (410) 687-5240 No 16.52
Destinations Credit Union CU CU*Answers 6000 28th St SE 49546 66333 No 16.88
Central Credit Union Of Maryland,in CU Main Office 8501 La Salle Rd 21286 (410) 828-4500 No 18.40

Freedom Of Maryland Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Freedom Of Maryland Federal 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 8.99 1.54 4.99 5.85 4.48
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 159 8 323 359 165
Rank Among All Maryland Credit Unions 6 2 42 31 20

Freedom Of Maryland Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.25 1.50 0.15
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 119 105 91 276
Rank Among All Maryland Credit Unions N/A 17 18 7 27
Freedom Of Maryland Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9906,19611,575,814
All Other Unsecured Loans/Lines of Credit 8.9901,4097,115,180
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.5404,725103,953,420
Used Vehicle Loans 4.9904,40161,723,874
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.85040863,916,605
Total Other Real Estate Loans/Lines of Credit 4.48040215,771,873
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.1502143,540,724
TOTAL LOANS & LEASES 17,755267,597,490

Freedom Of Maryland Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 19232,981,288172,998,959
    b. 15 Years or less 12814,927,6071157,000
Balloon/Hybrid
    a. > 15 years 1210,38300
    b. 15 Years or less 8415,565,645102,912,200
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 3231,68200
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 632,546,945211,062,800
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 33913,224,928512,648,584
Open-End Fixed Rate 0000
TOTALS 81079,688,4781009,779,543

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

Freedom Of Maryland Federal 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 Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes