Charter 66824 · Springfield, MA
Freedom Credit Union (Springfield, MA)
Freedom Credit Union is a state-chartered credit union in Springfield, Massachusetts, with $764 million in assets and 31,456 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 14.26%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $764 million
- +3.5% in a year
- Members
- 31,456
- -0.5% in a year
- Net worth ratio
- 14.26%
- Peer median 10.79%
- Loans 60+ days late
- 1.81%
- Peer median 0.67%
- Loans outstanding
- $518 million
- -3.7% in a year
- Shares and deposits
- $612 million
- +4.7% in a year
- Branches
- 9
- 123 employees
- Opened
- 1986
- Massachusetts charter
How Freedom Credit Union compares
NCUA groups credit unions by size; Freedom Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 14.26% is higher than that group's median of 10.79%, and its share of loans 60 or more days past due, 1.81%, is higher than the group median of 0.67%. Loans fell 3.7% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 18 of 121 credit unions headquartered in Massachusetts. See all Massachusetts credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $764 million | 31,456 | $518 million | 14.26% | 1.81% |
| Q1 2026 | $757 million | 31,707 | $524 million | 14.22% | 2.08% |
| Q4 2025 | $752 million | 31,606 | $526 million | 14.20% | 2.26% |
| Q3 2025 | $749 million | 31,618 | $532 million | 13.86% | 2.56% |
| Q2 2025 | $738 million | 31,616 | $537 million | 13.82% | 2.39% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 1.2 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 10 sites for Freedom Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- SPRINGFIELD-MAIN OFFICE (main office)
1976 Main St, Springfield, MA 01103 - NORTHAMPTON
226 King St, Northampton, MA 01060 - CHICOPEE
1976 Memorial Dr, Chicopee, MA 01020 - GREENFIELD
74 Main St, Greenfield, MA 01301 - FEEDING HILLS
959 Springfield St, Feeding Hills, MA 01030 - COOLEY STREET
296 Cooley St, Springfield, MA 01128 - LUDLOW
645 Center St, Ludlow, MA 01056 - BOYLSTON
77 Boylston St, Springfield, MA 01104 - TURNERS AVE A
191 Avenue A, Turners Falls, MA 01376 - West Springfield
58 Union St, West Springfield, MA 01089
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology