Freedom Credit Union Springfield MA | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Freedom Credit Union, your trusted financial partner located at 296 Cooley St, Springfield, MA 01128. Since our establishment in 1986, we have been dedicated to serving our community with reliable banking solutions tailored to meet your needs. With over 32,000 members and total assets exceeding $735 million, we take pride in offering personalized service backed by strong financial stability. At Freedom, we believe in the power of community and the importance of building lasting relationships. Whether you're looking for a new checking account, an auto loan, or business financing, our team is here to guide you every step of the way. Our commitment to our members is evident in our impressive financials, including $19,019,788 in total deposits and a net worth of $100,462,626. We also maintain a healthy cash reserve of $4,275,597, ensuring that we can support your financial journey effectively. Under the leadership of CEO Glenn Welch and Board President William Carey, we strive to create a welcoming environment where every member feels valued. Our dedicated staff of 107 employees is always ready to assist you with friendly service and expert advice. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to 296 COOLEY ST, SPRINGFIELD, MA 01128-1145. Don't hesitate to reach out! Call us at 413-505-5700 or explore our services online at freedom.coop. Join us today and experience the difference that comes with being part of the Freedom family!

Branch History & Mission

At Freedom, we take pride in our rich history and commitment to our community. Established in 1986, our branch located at 296 Cooley St, Springfield, MA 01128 has been a cornerstone of financial support for local residents for over three decades. Since our inception, we have grown significantly, now proudly serving 32,081 members and managing assets totaling $735,730,197. Our mission is clear: to empower our members through exceptional financial services while fostering a spirit of community support. We believe in making banking accessible to everyone, which is why we offer a range of services including checking and savings accounts, auto loans, mortgage options, personal loans, and business banking solutions. Our dedication goes beyond just financial transactions; we aim to enrich the lives of those we serve. Freedom's journey has been marked by milestones that reflect our growth and adaptability. From humble beginnings to becoming a trusted partner in financial wellbeing, we've embraced technology with online banking options and mobile payments that cater to the needs of today's members. Our commitment to accessibility also extends to ADA compliance ensuring everyone can utilize our services comfortably. While you can visit us at our Cooley Street location for personal service or use our drive-thru for convenience during lobby hours (Monday-Wednesday from 9 AM-4 PM; Thursday & Friday from 9 AM-5 PM; Saturday from 9 AM-Noon), we also provide ATM services available around the clock for your ease. In addition to offering top-notch banking solutions, we actively engage with the Springfield community through various outreach programs and partnerships. We understand that true success lies in supporting one another and uplifting our neighborhoods. If you're looking for a financial institution that prioritizes your needs and fosters a sense of belonging, join us at Freedom. Experience the difference of being part of a community-focused credit union where your voice matters. Call us today at 413-505-5700 or visit our website to learn more about how we can help you achieve your financial goals!

Branch Location & Accessibility

Get in Touch

Have questions or need assistance? Feel free to give us a call at 413-505-5700; our friendly staff is always ready to help. While members can visit us at 296 Cooley St, official correspondence should be sent to 296 COOLEY ST, SPRINGFIELD, MA 01128-1145. We invite you to come by and experience the welcoming atmosphere at Freedom Credit Union. We look forward to serving you!

Nearby Landmarks and Accessibility Features

Our branch is just a stone's throw away from the bustling shopping areas and parks that Springfield has to offer. Whether you're running errands or enjoying a day out, stopping by is simple. We understand that accessibility is important, which is why our location is equipped with ADA-compliant features, including ramps for easy entry. Plus, there's ample parking available right outside for your convenience.

Operating Hours and Services

At Freedom, we want to make banking as easy as possible for you. Our lobby hours are Monday through Wednesday from 9 AM to 4 PM, Thursday and Friday from 9 AM to 5 PM, and Saturday from 9 AM to noon. If you prefer drive-thru banking, we've got you covered! Drive-thru service is available during the same hours, allowing you to manage transactions without leaving your car. We offer a variety of services tailored to meet your needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we're here to help you navigate your financial journey. Don't forget about our ATM availability for quick cash withdrawals and balance checks!

Member Eligibility

Joining the Freedom community is a simple and welcoming process, and we're excited to have you as part of our family! At Freedom, located at 296 Cooley St Springfield Ma 01128, membership is open to anyone who lives, works, worships, or attends school in the local area. This means if you're part of our vibrant community, you can enjoy all the benefits that come with being a member, such as access to personalized banking solutions, competitive loan rates, and friendly service from our dedicated team. Becoming a member is straightforward! You can start by checking out more about eligibility on our website here, where you'll find all the details you need. If you have any questions or want to know more about opening an account, feel free to reach out to us at (413) 505-5700. We're here to help you every step of the way as you take this exciting step towards better banking!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $254 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $7 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $120,202,556, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine a busy Saturday morning at your local café. Customers are buzzing, but managing transactions can become overwhelming without the right tools. Our merchant services simplify payments, allowing you to focus on what matters most: serving your customers. From card processing to online payment solutions, we provide the resources needed to keep your business running smoothly. Located at 296 Cooley St Springfield Ma 01128, Springfield, MA, our dedicated team is ready to help you explore tailored banking solutions that fit your unique needs. For more information, give us a call at (413) 505-5700 or visit our website at https://freedom.coop/ . Let's work together to fuel your business ambitions!

Comprehensive List Of Services

Accessibility and Support

We value accessibility at Freedom. Our lobby hours are designed to fit into your busy schedule: Monday through Wednesday from 9 AM to 4 PM, Thursday and Friday from 9 AM to 5 PM, and Saturday from 9 AM to noon. You can also reach us at (413) 505-5700 if you have any questions or need assistance. In summary, whether you're an individual looking for personal banking solutions or a business owner seeking support for growth, Freedom has something for everyone. We invite you to explore our full range of services today by visiting us at Cooley Street or giving us a call! Ready to take control of your finances? Visit us today at 296 Cooley St Springfield Ma 01128 or check out our website for more information: Freedom Credit Union. Your financial journey starts here!

Business Banking Services

For local entrepreneurs and businesses, Freedom offers robust business banking services including merchant services and business loans. We know that running a business comes with its own set of challenges, and having the right financial support can make all the difference.

Digital and Convenient Banking

In today's fast-paced world, we prioritize convenience. Our online and mobile banking features allow you to manage your accounts anytime, anywhere. With just a few taps on your smartphone, you can check balances, transfer funds, and even pay bills without needing to visit us in person. Need cash on the go? We provide ATM services for quick cash withdrawals and balance checks ensuring that you have access to your money when you need it most. Plus, our drive-thru banking makes everyday transactions easy; whether it's deposits or simple withdrawals, we're here for you.

Personal Banking Solutions

Our personal banking services are designed with you in mind. Open a checking or savings account to help manage your funds effectively. If you're looking to purchase a vehicle, consider our auto loans and vehicle financing options, which make it easy to get behind the wheel without breaking the bank. For those dreaming of homeownership, our mortgage loans and refinancing options provide flexible terms tailored to fit your budget. If unexpected expenses arise or you're looking to consolidate debt, our personal loans can offer you the relief you need. Additionally, enjoy credit cards with rewards that let you earn while you spend.

Digital & Online Banking

Key Features

We know security is a top priority for our members. That's why we provide electronic signature authorization Yes, making transactions both easy and safe. You can also opt for e-statements Yes, reducing clutter while keeping your financial records organized and secure. Need to send money quickly? Our person-to-person transfer feature Yes lets you send funds directly to friends or family in just moments. If you're on the go, take advantage of our mobile payments option Yes and make purchases right from your smartphone. For those who prefer managing their finances from a mobile device, our mobile application Yes gives you all the tools you need right at your fingertips. From checking balances to making payments, everything is streamlined for convenience. At Freedom, we're committed to providing you with accessible and effective banking solutions tailored to fit your lifestyle. Experience the ease of managing your finances with us today!

Financial Strength

Commitment to Growth

With $98,096,270 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is impressive, with $3,363 in used auto loans and $552,400,567 in total loans and leases supporting your financial goals across various sectors. Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members.

Dedicated Team

We also take pride in having 97 full-time employees and 10 part-time employees who are always ready to serve you with a knowledgeable, committed team. We recognize that our people are key to delivering great service and support.

Member-Centric Savings

Members' savings are secured through $197,383,471 in share certificates and $34,332,879 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $100,462,626, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,365 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Strong Membership Base

Total Share Accounts: 80,635, showing a strong and growing member base that trusts us with their finances. This trust is the backbone of what we do at Freedom, ensuring that we remain a reliable partner in your financial journey. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Freedom is your trusted partner. Visit us at 296 Cooley St Springfield Ma 01128 or call (413) 505-5700 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have already issued over $31,269,986 in used vehicle loans and $4,988,763 in new vehicle loans, helping members get on the road with ease. Whether you're interested in financing a brand-new model or a reliable used vehicle, we have flexible terms that can fit your budget.

Business Loans

For business owners looking for capital to grow and expand their operations, our outstanding commercial loans totaling $120,202,556 provide the necessary funding. We believe in supporting local businesses as they contribute to the community's growth and development. At Freedom, we pride ourselves on being a member-focused credit union that offers competitive rates and flexible repayment options. Whether you're considering refinancing an existing loan or exploring eligibility options for new products, our team is ready to assist you every step of the way. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Explore our loan offerings today and take your next step towards achieving your financial dreams with confidence!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We currently offer Junior Lien 1-4 Family Residential Properties loans totaling $81,177,259. We understand that every homeowner's journey is unique; that's why we provide personalized service to help you find the right mortgage solution for your needs.

Unsecured Credit Cards

Managing finances can be tricky sometimes. That's why we also offer flexible terms on unsecured credit card loans. With a total of $241,500 in loans helping our members manage their finances effectively, you can enjoy peace of mind knowing you have access to funds when needed.

Loan Aggregator

Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This ensures that users receive fair and transparent offers. By relying on verified sources, LendMesh guarantees that all loan comparisons are accurate and trustworthy.

Benefits of Using LendMesh

One of the standout features of LendMesh is its commitment to verified data. All loan offers are sourced from legitimate financial institutions, ensuring transparency in every comparison. Additionally, LendMesh does not prioritize lenders based on paid promotions this means that users can trust they are receiving unbiased results without hidden agendas. Another significant advantage is the real-time rate comparisons provided by LendMesh. Users can access up-to-date loan rates from multiple institutions, empowering them to make informed decisions quickly and confidently. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the effectiveness and reliability of this tool.

Call to Action

Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

FREEDOM CREDIT UNION - Springfield, MA