Freedom Credit Union – MA

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

PO Box 3009, Springfield, MA 01101-3009

Website

(413) 739-6961

Data Source: NCUA, December 31, 2016


Freedom Credit Union, MA was founded in 1986. Headquartered in Springfield, Massachusetts, Freedom Credit Union, MA is a state chartered and federally insured credit union, being chartered in Massachusetts and insured through the National Credit Union Share Insurance Fund (NCUSIF). Freedom Credit Union, MA is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Freedom Credit Union, MA services 27,693 members through its 11 offices and branches and 108 full-time and 13 part-time employees. It has $488,932,637 of total assets and $72,329,087 of net worth. Based on its asset size and net worth ratio, Freedom Credit Union, MA is classified as a Well Capitalized medium large credit union.

Freedom Credit Union, MA offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Freedom Credit Union, MA also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Freedom Credit Union, MA’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Massachusetts and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Massachusetts
Median of USA
Checking
0.0500
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.3400
0.2500
0.2500
Certificate Deplit
0.5400
0.6800
0.5800
IRA
0.5400
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Massachusetts
National Median Rates
Credit Cards
n/a
10.4900
9.9900
Unsecured Line of Credits
14.5000
10.9900
10.9500
Short-term Small Amount
n/a
20.0000
25.0000
Student Loans
7.0000
6.2500
6.0200
New Car Loans
2.1500
2.7500
3.3300
Used Car Loans
3.7700
3.8250
4.5000
1st Mortgage Real Estates
3.3900
4.0000
4.2500
Other Real Estates
3.3300
3.9900
4.7000

Freedom Credit Union, MA prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Freedom Credit Union, MA.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
No
Yes
New Share Account
Yes
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
No
View Account History
Yes
No

As a community financial institution, Freedom Credit Union, MA actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Chicopee
1976 Memorial Dr
Chicopee, MA 01020
Phone:413-532-5085

Cooley Street
296 Cooley St
Springfield, MA 01128-1145
Phone:413-505-5700

Easthampton
422b Main St
Easthampton, MA 01027
Phone:413-527-7702

Feeding Hills
959 Springfield St
Feeding Hills, MA 01030
Phone:413-786-6200

Greenfield
74 Main St
Greenfield, MA 01301
Phone:413-774-4182

Ludlow
645 Center St
Ludlow, MA 01056
Phone:413-505-5800

Northampton
226 King St
Northampton, MA 01060
Phone:413-586-3590

Putnam
1300 State St
Springfield, MA 01109-2553
Phone:413-505-5850

Springfield-main Office
1976 Main St
Springfield, MA 01103-1010
Phone:413-739-6961

Turners Ave A
191 Avenue A
Turners Falls, MA 01376
Phone:413-774-9909

(413) 750-5770

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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