Freedom Credit Union is a member-owned, nonprofit financial cooperative serving residents and communities in and around Springfield, Massachusetts. As a credit union, it operates on a cooperative model that emphasizes the democratically controlled distribution of earnings to members in the form of lower loan rates, higher deposit yields, and reduced fees. The organization’s history is rooted in the broader cooperative and credit union movements that sought to provide accessible financial services beyond traditional banks, focusing on community needs and member welfare.
Its primary functions include accepting deposits, extending loans, and providing routine financial services through a member-centric framework. The credit union coordinates financial solutions such as savings programs, loan products, and basic payment services while adhering to regulatory requirements that govern insured depository institutions. Operational scope typically encompasses branch-based service delivery, member education initiatives, and cooperative governance activities, with decision-making guided by elected volunteer representatives from the membership. The entity’s location at 1976 Main St situates it within a community-oriented urban context.
Better than 50% of providers in Springfield
In addition to the primary service, Freedom Credit Union also offers:
Other providers in Springfield with similar ratings:
Freedom Credit Union is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
Freedom Credit Union is listed as a financial service provider in Springfield, MA and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask Freedom Credit Union to explain the terms in writing before you proceed.
To improve your chances of getting better terms from Freedom Credit Union, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare Freedom Credit Union with other providers in Springfield and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
Freedom Credit Union has a rating of 3.8, which is better than 50% of providers in Springfield.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents Freedom Credit Union requests. It is always best to call ahead using the phone number on this page so Freedom Credit Union can confirm exactly which documents you need for your specific situation.
In addition to its primary service, Freedom Credit Union also offers: Credit union, ATM, Mortgage lender.