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Freedom Credit Union Springfield, MA

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Freedom Credit Union Springfield, MA Rates & Review August 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Freedom Credit Union Springfield, MA provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 29, 2026

Freedom Credit Union Springfield, MA rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month share certificate rates are currently at 2.89%, 6-month share certificate rates at 2.75% and 3-month share certificate rates at 2.65%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not Freedom Credit Union Springfield, MA, and you can see how they compare in the Freedom Credit Union Springfield, MA rate tables below. MonitorBankRates evaluates the financial stability of Freedom Credit Union Springfield, MA with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 12.85%. Database rates last updated and verified on 08/29/2026.

Freedom Credit Union Springfield, MA money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Freedom Credit Union Springfield, MA? Share your experience about Freedom Credit Union Springfield, MA by leaving a review below, or read customer reviews before you decide to use Freedom Credit Union Springfield, MA.

Overall Health & Safety Grade

Excellent Health Score: 94/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

12.85%

Excellent Higher than avg

Freedom Credit Union Springfield, MA
SPRINGFIELD MAIN OFFICE

1976 MAIN ST
SPRINGFIELD, MA 01103 1010

Current Rate Availability

We're not currently displaying rates for Freedom Credit Union Springfield, MA, but our database is updated constantly — check back soon for the latest offers.

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Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Freedom Credit Union Springfield, MA is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Freedom Credit Union Springfield, MA rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Freedom Credit Union Springfield, MA's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Freedom Credit Union Springfield, MA

Website N/A

Address 1976 MAIN ST, SPRINGFIELD, MA 01103 1010

Phone 413-739-6961

Fax 413-750-5770

President WILLIAM CAREY

CEO GLENN WELCH

Full-Time Employees 103

Part-Time Employees 10

Branch Locations 9

ATM Locations 10

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A (94/100)

Texas Ratio

12.85%

Return on Assets (ROA)

0.3697%

Return on Equity (ROE)

2.6678%

Non-Performing Loans Ratio (NPL)

2.56%

Total Assets

748,782,561

Total Amount of Shares and Deposits

589,546,218

Total Shares and Deposits < 1 Year

545,585,347

Total Shares and Deposits 1 3 Years

41,520,204

Total Shares and Deposits > 3 Years

2,440,663

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

57,403,270

Total Uninsured Shares and Deposits > $250K (F+J)

57,403,270

Total Insured Shares and Deposits > $250K (item 17 less item K)

532,142,948

Total Interest Expense (Sum of items 6 8)

8,351,798

Share Certificates

8,028

Number of Accounts for Share Drafts

25,641

IRA KEOGH Accounts

2,622

Number of Accounts for Regular Shares

41,038

All other shares

2,249

Money Market Shares

742

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

49,842,402

Total Liabilities

653,352,029

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Average Rating

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Total Reviews

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Frequently Asked Questions About Freedom Credit Union Springfield, MA

How many branches does Freedom Credit Union Springfield, MA operate?

Freedom Credit Union Springfield, MA currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Freedom Credit Union Springfield, MA?

Yes, to access services at Freedom Credit Union Springfield, MA, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Freedom Credit Union Springfield, MA does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Freedom Credit Union Springfield, MA provides members with tools to manage their accounts and build a solid financial history.

Does Freedom Credit Union Springfield, MA offer online and mobile banking?

Most modern institutions like Freedom Credit Union Springfield, MA provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online.