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

Introduction

At Freedom, located at 296 Cooley St, Springfield, MA 01128, we are more than just a credit union; we are your trusted financial partner. Established in 1986, our commitment to serving our community has never wavered. With over 32,000 members and total assets exceeding $735 million, we take pride in helping individuals and families achieve their financial goals. Led by our dedicated CEO, Glenn Welch, and Board President, William Carey, our team of 107 employees is here to provide personalized service that meets your needs. Whether you're looking for a checking account, an auto loan, or mortgage financing, we're ready to assist you every step of the way. As a member-owned institution, we prioritize your financial well-being. Our total deposits stand at $19,019,788, reflecting the trust placed in us by our members. We also have an impressive net worth of $100,462,626, ensuring stability and growth for the future. While members can visit us at our Cooley Street branch for all banking services including ATM access and drive-thru options official correspondence should be sent to our mailing address: 296 COOLEY ST, SPRINGFIELD, MA 01128-1145. We encourage you to reach out to us at (413) 505-5700 for any inquiries or visit our website at freedom.coop to learn more about the variety of services we offer. Join us today and experience the difference of being a part of Freedom Credit Union!

Branch History & Mission

Our Mission

At Freedom, our mission is clear: we aim to provide exceptional financial services while making a positive impact in the communities we serve. We believe that financial empowerment leads to a better quality of life for individuals and families alike. Through various outreach initiatives and partnerships with local organizations, we strive to create opportunities for growth and support within Springfield. In addition to traditional banking services, we embrace digital advancements to enhance member experiences. Our online banking platform allows members to manage their finances conveniently from anywhere. We also offer mobile payments and e-statements for those who prefer modern solutions. Accessibility is vital; that's why our branch is ADA compliant and features both ATM access and drive-thru banking options. We recognize that being a credit union means more than just providing services; it's about building relationships and investing in our community's future. Whether it's through educational workshops or community events, we are committed to fostering an environment where everyone can thrive. As we continue this journey together, we invite you to become part of the Freedom family. Join us today and discover how we can help you achieve your financial goals while supporting a vibrant community spirit. Visit us at https://freedom.coop/ or call us at 413-505-5700 we're here for you!

Branch Location & Accessibility

Connect with Us!

Have questions? Our friendly staff is ready to assist you. Don't hesitate to call us at (413) 505-5700 or simply drop by during our operating hours. We look forward to welcoming you into our branch soon!

Convenient Access and Parking

At our Cooley Street branch, you'll find ample parking available, making your visit hassle-free. Our facility is ADA compliant, ensuring that everyone can access our services comfortably. Plus, we offer drive-thru banking for those quick transactions without leaving your vehicle.

Operating Hours Tailored to Your Schedule

We understand that your time is valuable. That's why our lobby hours are designed to accommodate your busy life: Monday through Wednesday from 9 AM to 4 PM, and Thursday and Friday from 9 AM to 5 PM. We also welcome you on Saturdays from 9 AM until noon. If you're in need of drive-thru service, we're open during similar hours Monday through Wednesday from 8 AM to 4 PM and Thursday through Saturday from 8 AM until noon.

Services at Your Fingertips

At Freedom Credit Union, we strive to provide a full range of financial services tailored for every member's needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Need cash? Our ATM is readily available on-site for easy withdrawals and balance checks. While members can visit us at 296 Cooley St Springfield Ma 01128, official correspondence should be sent to 296 COOLEY ST, SPRINGFIELD, MA 01128-1145 if it differs.

Member Eligibility

At Freedom, we believe in creating a warm and welcoming community where everyone can feel at home. Becoming a member is not just about opening an account; it's about joining a family that cares about your financial well-being. If you live, work, or worship in the Springfield area, you're likely eligible to join us! We also welcome family members of current members, making it easy for you to bring your loved ones into our supportive environment. For more details on eligibility, check out this link: . Joining Freedom is simple and rewarding. You'll have access to a wide range of services tailored to meet your needs, from checking and savings accounts to loans and credit cards with great benefits. To start your membership journey, give us a call at (413) 505-5700, or visit us at our branch located at 296 Cooley St Springfield Ma 01128. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Commercial Loans

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 being able to accept payments seamlessly at your storefront or online, giving your customers the convenience they expect. Our merchant services do just that, helping you streamline transactions and improve customer satisfaction. Whether you're a local café or a growing retail chain, we provide the tools you need to manage your payments effectively. Located conveniently at 296 Cooley St Springfield Ma 01128 in Springfield, MA, we're here to help your business reach new heights. For more information or to get started, call us at (413) 505-5700 or visit our website at https://freedom.coop/. Let's grow together!

Comprehensive List Of Services

Business Banking Services

If you're a business owner, Freedom also provides comprehensive business banking services. From merchant services that simplify transactions to business loans that help you expand your operations, we're here to support your entrepreneurial journey.

Convenient Digital Banking

In today's fast-paced world, convenience matters. That's why we offer robust online and mobile banking options. You can easily manage your accounts from anywhere whether it's making payments or checking balances with just a few taps on your smartphone. Our ATM services are readily available for quick cash withdrawals and balance checks whenever you need them.

Credit Cards That Reward You

Our credit cards come with rewards programs designed to give back as you spend. They can be perfect for everyday purchases, allowing you to earn points or cash back on things you already buy.

Drive-Thru Services

For those who prefer face-to-face interactions without leaving their car, our basic drive-thru banking offers simple transactions like deposits and withdrawals. It's just one more way we make banking easier for you. At Freedom, we're committed to providing exceptional service and support as you navigate your financial journey. If you'd like more information about any of our services or want to speak with a member of our team, feel free to call us at 413-505-5700 or visit us at 296 Cooley St in Springfield. We're here to help!

Flexible Personal Loans

For those unexpected expenses or projects that need funding, our personal loans can be an excellent option. Whether it's for debt consolidation or other personal needs, we aim to provide flexible terms that work for you.

Home Financing Options

Purchasing a home is a significant milestone, and that's why we offer mortgage loans and refinancing solutions that cater to your specific situation. Our experienced staff is here to guide you through every step of the mortgage process, ensuring you find the right fit for your budget.

Personal Banking Solutions

When it comes to personal banking, we offer checking and savings accounts designed to help you manage your money effectively. Whether you're saving for a vacation or planning for a rainy day, our accounts come with features that suit various lifestyles. Additionally, if you're in the market for a new vehicle, consider our competitive auto loans and vehicle financing options. We understand how important reliable transportation is, and we aim to make the process straightforward and affordable.

Digital & Online Banking

Accessibility and Ease of Use

We believe that banking should be straightforward. Whether you're using our online banking or mobile app, you'll find everything is user-friendly. Real-time account management helps you stay updated on your finances, so you can make informed decisions without any hassle. In summary, at Freedom, we are committed to providing you with the tools you need to manage your money effortlessly and securely. Explore our digital banking options today at https://freedom.coop/ and experience the freedom of banking when and where you want!

Key Services

Our online banking services are available 24/7, allowing you to check your account balances, transfer funds, and pay bills whenever it suits you. Plus, with e-statements available, you can go paperless and keep track of your financial history right from your device. Security is a top priority for us. With electronic signature authorization, you can sign documents securely without needing to visit a branch. If you're always on the go, our mobile application makes banking even simpler. You can manage your accounts directly from your smartphone, which includes features for mobile payments allowing you to make transactions quickly and easily. Need to send money to a friend? Our person-to-person transfer feature lets you do just that in just a few taps.

Financial Strength

Growing Together

Total Share and Deposit Accounts: 80,635, show a strong and growing member base that trusts us with their finances. This reflects the confidence our community has in us as a reliable partner for all their banking needs. 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. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Investing in Your Future

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 commitment to lending is evident with $3,363 in used auto loans and $552,400,567 in total loans and leases supporting your financial goals across various sectors.

Member-Focused 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.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 97 full-time employees and 10 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Foundation

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.

Loan Offering

Auto Loans

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

Business Financing

For business owners, our outstanding commercial loans totaling $120,202,556 provide the capital needed to grow and expand. We understand the challenges of running a business and are here to support your entrepreneurial journey. If you're considering refinancing any of these options or want to learn about eligibility requirements, please don't hesitate to reach out. Our friendly staff is available at (413) 505-5700 to discuss how we can help tailor solutions just for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Freedom, we're dedicated to providing transparent and accessible financial services that empower our members.

Credit Cards and Personal Loans

We also offer flexible terms on unsecured credit card loans, with a total of $241,500 in loans helping members manage their finances effectively. Whether it's unexpected expenses or planned purchases, our credit cards are designed to provide you with peace of mind and spending power.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $81,177,259, make buying or refinancing simple. We aim to guide you through every step of the process, ensuring you feel confident and informed.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate Comparisons

LendMesh takes pride in the accuracy of its 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 rigorous sourcing ensures that users receive fair and transparent offers from legitimate lenders.

Freedom