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Credit union, Springfield, MA
Freedom Credit Union, Springfield, MA
A credit union based in Springfield, MA. Its commercial book is led by non-owner-occupied CRE and multifamily. Public files show recent multifamily and SBA 504 loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $122M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 0
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 2
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $764M
- NCUA 5300,
Does it fit my deal?
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How to reach them
Each line shows where it came from
- Phone
- 413-739-6961 From the NCUA record, June 30, 2026.
- Website
- www.freedom.coopFrom the NCUA record, November 9, 2026.
- Commercial lending page
- freedom.coopFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- FREEDOM; Freedom CUNCUA 5300,
- Address
- PO Box 3009, Springfield, MA 01101-3009NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
| When | What the record shows | Source |
|---|---|---|
| Jun 2025 to Jun 2026 | Construction and land development balance rose 34.3% to $22M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | Hampden County, MA | Refinance, 5 to 24 units | $400K | 6.74% | 15 yr | 65% | HMDA 2025 |
| May 2024 | Massachusetts | SBA 504, All Other Specialty Trade Contractors | $310K | 25 yr | SBA FOIA | ||
| 1 multifamily loan made in 2025 | $400K | HMDA 2025 | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $29.4M | 5.7% | -12.8% | 35 | $839K |
| Construction and land development | $22.0M | 4.2% | +34.3% | 11 | $2.00M |
| Owner-occupied CRE | $21.8M | 4.2% | -3.3% | 52 | $419K |
| Non-owner-occupied CRE | $44.6M | 8.6% | -12.1% | 65 | $686K |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $3.91M | 0.8% | -18.3% | 55 | $71.1K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $122M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $114M |
| Q4 2023 | $118M |
| Q1 2024 | $116M |
| Q2 2024 | $127M |
| Q3 2024 | $128M |
| Q4 2024 | $127M |
| Q1 2025 | $125M |
| Q2 2025 | $128M |
| Q3 2025 | $127M |
| Q4 2025 | $124M |
| Q1 2026 | $126M |
| Q2 2026 | $122M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 1 | $400K | $400K | $400K | HMDA, |
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 2 | $440K | $220K | $310K | SBA FOIA, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 504 first liens: name and lender office city.
| Book | Average loan |
|---|---|
| Construction and land development | $2.00M |
| Multifamily | $839K |
| Owner-occupied CRE | $419K |
| Non-owner-occupied CRE | $686K |
| Commercial and industrial | $71.1K |
Programs on record: Federal Home Loan Bank member, Boston district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Massachusetts HQ | 10 | 1 | 0 | 0 | 1 |
| Connecticut | 0 | 0 | 0 | 0 | 1 |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $93.6M | $71.4M to $107M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $122M | $1.83M to $104M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 130.1% | 2.1% to 113.2% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $16.3M | $7.20M to $21.4M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 88.0% | 23.0% to 145.2% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 67.8% | 57.3% to 82.5% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Central One Credit Union | MA | $872M | $103M |
| Quincy Credit Union | MA | $729M | $32.9M |
| Polish National Credit Union | MA | $777M | $78.7M |
| First Citizens' Credit Union | MA | $706M | $36.3M |
| Align Credit Union | MA | $651M | $72.0M |
| Umassfive College Credit Union | MA | $703M | $50.6M |
| I-C Credit Union | MA | $583M | $57.7M |
| GFA Credit Union | MA | $747M | $104M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it made any commercial real estate loans in the first half of 2026. It reported none, and the 5300 covers only what it files.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Freedom Credit Union, NCUA charter 66824. Compare it with the regulator's record. [NCUA profile]
- Balances. $764M in total assets and $122M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. Your NCUA Form 5300 for June 30, 2026 reports no commercial loans made, and 3 loans in HMDA and SBA files, through September 30, 2026: 1 HMDA multifamily 2025, 2 SBA 504 first liens in 36 months. [How each file was tied to Freedom Credit Union]
- Phone and website. Phone 413-739-6961, from the NCUA record. Website freedom.coop, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 66824
- RSSD
- 427193
- LEI
- 2549006HJBA7HTOZF285
- The Lender Report ID
- lr_001917
- Main office county
- Hampden
- Members
- 31,626
- NCUA region
- 1 - Eastern
NCUA credit union details,
- Reported $764M in total assets as of June 30, 2026 (NCUA 5300).
- Held $121.6M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $44.6M of non-owner-occupied commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $29.4M of multifamily loans as of June 30, 2026 (NCUA 5300).
- Held $22M of construction and land loans as of June 30, 2026, up 34.3% from a year earlier (NCUA 5300).
- Originated 1 multifamily loan totaling $400K in 2025 (HMDA).
3 more sentences
- Provided the first lien on 2 SBA 504 projects with $440K in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Held $17.6M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 10 offices in 1 state (NCUA).
Cite this
Source: The Lender Report, Freedom Credit Union, https://lender.report/lender/freedom-credit-union-ma/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.
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Work at Freedom Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem