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EIN 04-1961180

Freedom Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
156
City
Springfield
State
Massachusetts
Year formed
1922
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
To provide a friendly atmosphere for its members in which they can conduct their financial business and to offer fair rates for savings, loans and other services as they become available. Our dynamic, sincere and helpful team provides membership value to individuals and businesses while managing a stable, community-minded financial institution.
Total revenues
$34,489,002
2023
Total expenses
$30,493,956
2023
Total assets
$738,359,654
2023
Num. employees
156
2023

Program areas at Freedom Credit Union

Not required.

Personnel at Freedom Credit Union

NameTitleCompensation
Glenn WelchPresident and Chief Executive Officer$447,141
Lee CraigSenior Vice President and Chief Financial Officer
Louis ScungioChief Financial Officer$220,337
Cheryl PodgorskiVice President Operations$161,400
Kara HermanVice President of Retail A$160,261
...and 9 more key personnel

Financials for Freedom Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$28,089,535
Investment income and dividends$5,366,005
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,033,462
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$34,489,002

Form 990s for Freedom Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-11-09990View PDF
2021-122022-11-11990View PDF
2020-122021-11-15990View PDF
2019-122021-06-24990View PDF
...and 10 more Form 990s
Data update history
July 15, 2024
Updated personnel
Identified 4 new personnel
July 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
Memberships
General information
Address
1976 Main St
Springfield, MA 01103
Metro area
Springfield, MA
County
Hampden County, MA
Website URL
freedom.coop/ 
Phone
(413) 739-6961
Facebook page
FreedomCreditUnionMA 
IRS details
EIN
04-1961180
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1922
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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