FREEDOM Credit Union Profile

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FREEDOM

Charter #66824 | NCUA Region 1 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (413) 739-6961

Fax: (413) 750-5770

Founding Date: N/A

Website: http://www.freedom.coop

Personnel & Operations

President: CAREY, WILLIAM

Manager: WELCH, GLENN

FT Employees: 111

PT Employees: 15

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 9

Hours: Lobby Hours M-W 9AM-4PM Th&F 9-5 SAT 9AM-N

Credit Union Profile Summary

FREEDOM is a FISCU Credit Union. With a total of 31,616 members ^[1], this institution manages approximately $738,352,375 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 13.82% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -3.30% ^[1].

Financial Snapshot

Total Assets ^[1]

$738,352,375

Total economic resources.

Total Loans ^[1]

$537,474,446

Total value of outstanding loans.

Total Deposits ^[1]

$584,104,965

Total funds deposited by members.

Members ^[1]

31,616

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

13.82%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

0.29%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

92.02%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↓ -0.26%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↓ -3.30%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↓ -1.21%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1976 MAIN ST

SPRINGFIELD, MA, 01103-1010

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 10 branches reported by FREEDOM (Charter #66824).

Main Office

SPRINGFIELD-MAIN OFFICE Main Office

Type: Corporate Office

Type: Branch Office

191 AVENUE A

Turners Falls, MA 01376

Phone: (413) 774-9909

Services: Member Services, ATM, Drive-Thru

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West Springfield

Type: Branch Office

58 Union St

West Springfield, MA 01089

Phone: (413) 733-6108

Services: Member Services, ATM, Drive-Thru

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