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 Freedom Credit Union Springfield, MA Rates & Review April 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: April 22, 2026
You can compare Freedom Credit Union Springfield, MA rates to other rates in our database, including 12-month share certificate rates currently at 0.75%, 6-month share certificate rates at 0.00% and 3-month share certificate rates at 3.54%. Savings rates are at 0.15% and money market rates are at 0.20%. Mortgage rates on 30-year fixed loans are around 5.57%. All these rates can be compared to Freedom Credit Union Springfield, MA rates. 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 13.13%. Rates were last updated on 04/22/2026. 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. Freedom Credit Union Springfield, MA
SPRINGFIELD MAIN OFFICE 1976 MAIN ST
SPRINGFIELD, MA 01103 1010 
Current Rate AvailabilityWe do not have Freedom Credit Union Springfield, MA rates right now, but we are constantly updating our database so check back often for updated rates. Methodology & Data SourcesMonitorBankRates 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
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
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A (93/100)
Texas Ratio
13.13%
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
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
49,842,402
Total Liabilities
653,352,029
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Freedom Credit Union Springfield, MAIs Freedom Credit Union Springfield, MA a safe place to deposit money?Yes, Freedom Credit Union Springfield, MA is considered a safe financial institution. With a Texas Ratio of 13.127363003378%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. 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. Compare to Other Credit Unions
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