Freedom CEO Appears on WMAR-TV to Share the Difference Between Banks and Credit Unions with Midday Maryland

 

What is the difference between banks and credit unions? This is a question that comes up often around credit unions. President and CEO of Freedom Federal Credit Union, Mike MacPherson, joined Elsa M. on a recent Midday Maryland segment, produced by WMAR-TV, to explain not just the difference, but the advantage to becoming a credit union member.

In the interview, MacPherson explains the member-owned structure of credit unions and how these not-for-profit organizations deliver the same services as banks with fewer fees and better rates, combined with superior customer service, and a focus on supporting the communities they serve. The members of the credit union are also the owners, not outside shareholders aiming to make a profit. Because of the not-for-profit structure of credit unions, “after we pay the bills, our objective is to put our money back into the community, into the credit union, and to the members”, MacPherson states during the five-minute interview.

MacPherson touches on the history of credit unions in the United States, including their role in helping to maintain financial stability during the 2008 financial crisis. The segment covers the structure of credit unions, how consumers are eligible, and the focus on being the “heart of the community”. “[For Freedom], we believe in giving back…we have a focus on volunteerism, on philanthropy, doing more for our members, and making the community better”, states MacPherson.

How does someone become a member of a credit union? Every credit union has eligibility requirements. For example, Freedom is community chartered, so if you live, work, worship, volunteer or have family in Harford County, Maryland, you are eligible to join. According to MacPherson, all it takes is one dollar, placed in your own savings account, to become a member and have full access to all the services and benefits of credit union membership.

To learn more, watch the full segment above.

Hits for Healthy Kids

Freedom Federal Credit Union Sponsors Hits for Healthy Kids, in Partnership with the Aberdeen IronBirds, to Benefit Pediatric Services at University of Maryland Upper Chesapeake Health

HIts for Healthy Kids

Freedom Federal Credit Union is proud to announce a new partnership with the Aberdeen IronBirds and The Upper Chesapeake Health Foundation with the launch of Hits for Healthy Kids. This season, every time an IronBirds player gets a hit during a home game, Freedom Federal Credit Union will donate $10 to benefit services for children at University of Maryland Upper Chesapeake Health (UM UCH). Hits for Healthy Kids started on June 14th on opening day and will run through the end of the regular IronBirds season.

Hits for Healthy Kids is a refresh of last season’s partnership, Homeruns for Healthy Kids, which benefited services for children at the MedStar Health Bel Air Medical Campus. Freedom donated $2,600 at the end of the season to MedStar, and is looking forward to having an even bigger impact through this new initiative.

“Our partnership with Freedom Federal Credit Union amplifies the work both organizations continue to do in the community,” stated Matt Slatus, IronBirds General Manager. “As we work together on this summer’s Hits for Healthy Kids initiative, I’m confident our IronBirds will do everything they can on the field to make sure the Upper Chesapeake Health Foundation benefits from our continued relationship with Freedom Federal Credit Union.”

“The IronBirds and the UM UCH represent two great Harford County institutions, and we are proud to join forces with them in an effort to support health services for Harford County youth”, stated Freedom’s President and CEO Mike MacPherson. MacPherson also serves on the Board of Directors for The Upper Chesapeake Health Foundation.

With Hits for Healthy Kids, Freedom builds on its existing partnership with The Upper Chesapeake Health Foundation. To date, Freedom has donated $130,000 to support initiatives to improve health services in Harford County through UM UCH.

 

About Freedom Federal Credit Union

Freedom Federal Credit Union is a community-chartered federal credit union offering consumer financial services to those who live, work, volunteer, worship, attend school, or have family in Harford County. Additionally, Freedom offers a full-line of banking services for all businesses, associations, and other organizations that are based in Harford County. Freedom has been in business since 1953 and has five locations throughout Harford County. To learn more, visit freedomfcu.org

About The Upper Chesapeake Health Foundation

The Upper Chesapeake Health Foundation supports the mission of University of Maryland Upper Chesapeake Health through developing relationships with local citizens and organizations who wish to take part in the expansion and improvement of healthcare services provided in Harford County. Through the work of The Upper Chesapeake Health Foundation, the community supports their hospital through philanthropic gifts, planned giving, participation in fundraising events and volunteerism.

About The Aberdeen IronBirds

The IronBirds, short-season ‘Class-A’ affiliate of the Baltimore Orioles, are owned by Harford County’s own Bill Ripken and his brother, Hall of Famer Cal Ripken, Jr. Playing games at Aberdeen’s Leidos Field at Ripken Stadium since 2002, the IronBirds provide affordable family entertainment in the Upper Chesapeake region while working with community partners to better the community the team plays in. In 2019, the IronBirds will provide nearly $300,000 in charitable giving and support to Harford County-based non-profit organizations.

 

Freedom Sponsors 1st Annual Magic of Science Fair

May 20, 2019 – The APG Discovery Center held its first annual Magic of Science Fair at the APG Discovery Fest at Aberdeen Proving Ground. The APG Discovery Fest, held on May 4th, 2019 was an opportunity to see what is being done “behind the fence” at APG, including demonstrations of APG technology, a job fair with nearly 2,000 participants, and the First Annual Magic of Science Fair for middle schoolers.

The APG Discovery Center, with the help of the Harford County Senior Science Society, planned and organized the Magic of Science Fair, which included students from eight middle schools and several home-schooled students. There were 25 projects with 33 students who entered the juried competition. Projects ranged from citrus powered phones to harnessing solar energy, gravity’s effect on root growth, and the impact of hurricanes on different housing structures. Winners were determined as “Best in Grade”, “Runner-Up”, and “Honorable Mention”.

Student Awardees stand on stage with ribbons
APG Senior Commander Maj. Gen. Randy Taylor and Freedom Federal Credit Union’s Business Development Director, Sue Manning, stand with award recipients at the Magic of Science Fair.

The Magic of Science Fair was sponsored by Freedom Federal Credit Union, a strong supporter of the APG Discovery Center. Freedom’s Business Development Director, Sue Manning, was present for the awards ceremony. Their sponsorship included high tech prizes like 3-D printers, virtual reality systems, and robotic kits, which were awarded at each grade level. “It was a privilege to meet these phenomenal young people and an honor for Freedom to present them with awards that will encourage their love of science and technology,” stated Manning.

The APG Discovery Center is envisioned to be a 30,000 square foot facility, located near, but not on, the APG property. The intent is to develop a destination location for STEM related activities, APG displays providing a view of “tomorrow’s technology today”, and a place to show and retain the more than 100 years of history at Aberdeen Proving Ground. Additional information can be found at http://www.apgdiscovery.com/

About APG Discovery Center

The APG Discovery Center will be a place where students of all ages experience, create, and play with science and technology. A place where new worlds are discovered, and connections are made. In addition to interactive exhibits, the Discovery Center will offer after-school programs, maker spaces, and serve as an anchor for the region’s STEM activities. Phase I, The Discovery Preview Center will open in Aberdeen, Maryland in late 2019.

About Freedom Federal Credit Union

Freedom Federal Credit Union is a community-chartered federal credit union offering consumer financial services to those who live, work, volunteer, worship, attend school, or have family in Harford County. Additionally, Freedom offers a full-line of banking services for all businesses, associations, and other organizations that are based in Harford County. Freedom has been in business since 1953 and has five locations throughout Harford County. To learn more, visit freedomfcu.org

Orioles Ticket Offer – Friday Fireworks and Music

We’ve teamed up with the Baltimore Orioles to bring our members a special offer…

Join us on Friday, June 28th at Camden Yards for a night of baseball, fireworks and music.

The game starts at 7:05PM, and as a member of Freedom, you can purchase tickets at a discounted price!

Check out this flyer for more details.

To purchase tickets, please click here.

Spring Shred Day: May 11, 2019

Spring Shred Day, Saturday, May 11

When:

Saturday, May 11th, 9:00 AM – 12:00 PM*
*Or until truck is full

Where:

Park Avenue Branch (Located at 2019 Emmorton Rd in Bel Air)

Bring your financial documents to shred, and stop by our table to enter to win a $50.00 Visa gift card! (View Shred Day Drawing Disclosures)

    – Please limit the number of boxes to 4

    – No business materials

    – Please remove any metal (Staples are ok)

Golden Apple Educator Award 2019

Now Accepting Entries for the 2019 Educator Award

We are now accepting entries for this year’s Golden Apple Educator Award! Entrants must be a Freedom Member and an employee at a Harford County school (public or private).

To enter, submit an entry form and essay. The essay must describe how you would use the funds and why you should be the one to win! Scoring favors proposals demonstrating the greatest impact on local schools, classes, students, and/or the community at large. The winning entry receives a $2,000 award. Freedom will also award 2nd and 3rd entries $500 each.

To enter, complete the entry form and submit an essay that explains why you deserve the award. Your essay may address any or all of the following questions:

  1. What is your plan to benefit your students, your class or your school? How will this money help you implement your plan?
  2. Will you take a continuing education class or classes to improve your own education and expertise? (Please be specific.) How will your education improve your students’ learning?
  3. Will you purchase supplies for your school or classroom?  How will the supplies help improve student learning? (Please provide as many quantitative details as possible.)
  4. Will your plan, training, or purchases affect the Harford County Community? If yes, how so?

Please submit your Golden Apple – Educator Award Entry Form, 2019 and essay to [email protected] by May 1All entries will be reviewed by a panel of Freedom employees, volunteers and community partners.

  • Entry deadline is May 30, 2019    (NEW EXTENDED DEADLINE!) 
  • Submit by email to [email protected]
  • We will announce the winner by June 15, 2019

Military Saves Week 2019 at APG

Military Saves Week 2019 Seminars at APG

Celebrate for a week. Benefit for a Life.

Freedom is celebrating this year’s Military Saves Week, February 25–March 2, by matching deposits on new membership savings accounts for qualified military and DOD personnel and their families. New membership savings account deposits will be matched up to $100 for adults and up to $50 for kids.These offers are good through March 31, 2019.

Courtesy of the Aberdeen Proving Ground Family and MWR web site—

Learn to manage your finances and how little things can impact your credit scores, plus SO MUCH MORE. Get all the information below and register soon!

Location: AA Recreation Center, Bldg 3326, Erie St.
Cost: Free!*
For more information or to register, contact Leary Henry at [email protected] or call 410-278-2453

Tues, Feb 26, 2019
  • 10 – 11 a.m. Seminar: “Retirement Strategies for Baby Boomers”
    This seminar discusses the challenges of planning for retirement and focuses on planning essentials to better position yourself for this next phase of your life.
  • 11:15 a.m. – 12:15 p.m.​​​​​​​ Seminar: “Home Selling”
    This seminar covers everything from staging to settlement learn to prepare and stage your home, gather the necessary documents and understand the process from hanging the for sale sign to settlement day.
  • 12:30 – 1:30 p.m.​​​​​​​ Seminar: “Home Buying”
    This seminar will cover current real estate market conditions, and how that relates to home buying. We will also provide take-home information packets that discuss the step-by-step process as well as useful tips in buying real estate.
Wed, Feb 27, 2019
  • 10 – 11 a.m. Seminar: “Social Security Strategies for Retirement Planning”
    This seminar discusses the challenges of applying for Social Security benefits. There will be a review of the Social Security program and how it ultimately impacts our retirement decisions, and specifically on “when and how” to file to maximize benefits.
  • 11:15 a.m. – 12:15 p.m.​​​​​​​ Seminar: “Saving & Investing”
    This class will identify reasons to save and how to set goals for a savings plan.  Participants will explore the difference between short term savings and long term investments.
  • 12:30 – 1:30 p.m.​​​​​​​ Seminar: “Reaching for the 850 Credit Score”
    ​​​​​​​This class will identify the characteristics of credit impacting your credit score and discuss the steps to improve your credit and increase your credit score.

 

* All seminars are free, but registration is required. Contact Leary Henry at [email protected] or call 410-278-2453

Partnering with Freedom Federal Credit Union, APG Federal Credit Union and ACS Financial Readiness Program. No endorsement by U.S. Army implied.