Overview
What is Freedom Credit Union?
Freedom Credit Union is a community-focused financial institution dedicated to offering fair savings and loan rates for individuals and businesses. Their team is known for their approachable demeanor, sincerity, and readiness to help. By managing a stable and community-oriented organization, they strive to provide value to their members.
Official website here: www.freedom.coop
Is Freedom Credit Union legitimate?
Freedom Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Freedom Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,094,216
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,456,040
For more financial information, click here
Official website here: www.freedom.coop
What is the mission statement of Freedom Credit Union?
Freedom Credit Union is committed to delivering value to its members through a dedicated and helpful team. They offer a friendly atmosphere where individuals and businesses can manage their financial affairs. The team's sincerity and dynamism are integral in providing stable financial services with a community focus. Their mission is to offer fair rates and services while maintaining a stable financial institution. The team's primary goal is to ensure membership satisfaction, making them an essential financial partner. They prioritize building long-term relationships and contributing positively to their members' financial well-being.
Official website here: www.freedom.coop
Who is the CEO of Freedom Credit Union?
Louis Scungio is the Chairman of Freedom Credit Union.
Official website here: www.freedom.coop
What is the revenue of Freedom Credit Union?
Freedom Credit Union's revenue in 2022 was $26,913,534.
Official website here: www.freedom.coop
Who are the executives of Freedom Credit Union and what are their salaries?
The average compensation at Freedom Credit Union during 2022 was $49,028. There are 154 employees at Freedom Credit Union.
Here are 18 key members and their salaries:
- Compensation: $2,617
- Related: $0
- Other: $0
- Compensation: $1,216
- Related: $0
- Other: $0
- Compensation: $4,222
- Related: $0
- Other: $0
- Compensation: $1,063
- Related: $0
- Other: $0
- Compensation: $1,589
- Related: $0
- Other: $0
- Compensation: $1,541
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,396
- Related: $0
- Other: $0
- Compensation: $2,395
- Related: $0
- Other: $0
- Compensation: $346,731
- Related: $0
- Other: $27,238
- Compensation: $187,978
- Related: $0
- Other: $40,720
- Compensation: $158,956
- Related: $0
- Other: $26,117
- Compensation: $137,685
- Related: $0
- Other: $26,139
- Compensation: $158,403
- Related: $0
- Other: $31,157
- Compensation: $144,160
- Related: $0
- Other: $24,444
- Compensation: $138,121
- Related: $0
- Other: $14,124
Official website here: www.freedom.coop
Where can I find the form 990 for Freedom Credit Union?
Freedom Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.freedom.coop
Learn more at the official website: www.freedom.coop
Mission Statement of Freedom Credit Union
Freedom Credit Union, with its dedicated and compassionate team, strives to create a welcoming environment for its members, enabling them to manage their financial affairs in a friendly atmosphere. The institution is committed to delivering value to individuals and businesses by offering competitive savings and loan rates, as well as a range of other financial services. Freedom Credit Union's mission is grounded in maintaining a stable, community-focused financial institution that prioritizes its members' needs.
The team at Freedom Credit Union is characterized by their dynamism, sincerity, and helpfulness. They work diligently to ensure each member receives the best possible membership experience, from opening an account to managing their finances. By providing membership value, Freedom Credit Union fosters strong connections within its community, ultimately contributing to the overall financial well-being of its members.
The institution's commitment to its members extends beyond just financial services. Freedom Credit Union's team is dedicated to managing a stable financial institution, which in turn instills trust and confidence among its members. The organization's community-minded approach sets it apart, as it focuses on creating a supportive environment where members can thrive financially. This dedication to its members and the wider community is a testament to Freedom Credit Union's unwavering mission.
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Impact
October, 2024
Freedom Credit Union has a significant impact on the Springfield, MA community by fostering a financial environment that prioritizes stability and member satisfaction. Their commitment to providing fair rates for savings, loans, and services enables individuals and businesses to thrive economically. The friendly atmosphere cultivated by their dynamic and dedicated team not only enhances member experience but also builds trust within the community. By focusing on membership value and being community-minded, Freedom Credit Union plays a vital role in supporting local economic growth and improving financial literacy, thereby enriching the lives of its members.
This information is meant to be a general summary of Freedom Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,403,891
- Program Service Revenue: $23,509,643
- Gross Receipts: $29,620,838
Assets and Liabilities:
- Total Assets: $699,366,789
- Total Liabilities: $618,551,299
- Net Assets: $80,815,490
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LOAN INCOME
Revenue
$17,636,604
OTHER INCOME
Revenue
$2,969,371
MEMBER SERVICE FEES
Revenue
$2,903,668
Organization Details
Founding Year
1922
Phone
(413) 739-6961Principal Officer
Louis Scungio
Main Address
1976 MAIN STREET, SPRINGFIELD, MA, 01103
Website
www.freedom.coopNTEE Category
Code: W60 - Public benefit
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