Overcoming 2020 Challenges Together

November 5, 2020

Dear Freedom Members,

Over the years, we promised to uphold our core value of people helping people by focusing on creating a memorable experience for members, employees and the community we serve.  Year after year we stayed true to this philosophy as it drove achievements and stability.  Now as we near the end of the year, that strategic focus has proven vital in successfully navigating in 2020.

In recent years, we worked on our infrastructure and improving various processes, products, delivery channels, etc.  We put greater effort into expanding and enhancing call center capabilities and online services and refined every avenue to allow you to conduct business virtually to provide the options and convenience that would create a better experience.  As it turned out, these efforts were also the key in adapting to the “contactless” world thrust upon us by an unexpected pandemic.  Before times had changed, we were already preparing for you to have the ability to conduct business without leaving your home.

As a result, and despite the situation, we never shut down, we never stopped serving.  Yes, we had to keep our distance, we had to modify some operational aspects for everyone’s safety, but, like always, we were here, we heard you and we responded.  We responded not just to the normal business of the day, but to those of you who needed extra help created by the impact of the virus on our lives and economy.

We helped 95 businesses by providing more than $2 million in Paycheck Protection Program loans.  We processed over 1,400 payment deferral requests on loans and mortgages.  We provided lunches and PPE supplies to first responders and over 25 Harford County organizations and, even though some plans and events were cancelled, Freedom maintained our financial support of each organization as originally committed.

Of course, you, our members, were also key to our ability to successfully adapt to this crisis.  Every step of the way you have been resilient, understanding, supportive and more.  You demonstrated the most important part of a cooperative; that we achieve more together when we work towards a common purpose.  We are grateful for you and we appreciate you.

Finally, I cannot be more proud and appreciative of all the employees of Freedom, especially those who are on the front lines, who come in every day, and work tirelessly to ensure they provide the hands-on service you have come to expect.

Freedom will continue to earn your trust by holding to the values we established over 67 years. Our name is built by living up to our vision and mission. Our name is synonymous with respect, compassion, service, integrity, trust, and safety. Our name reflects all of the good and dedicated people that help and serve. Our name is Freedom and Freedom will continue to care for our community, one member at a time.

Sincerely,

CEO Signature

Michael MacPherson
President and CEO
Freedom Federal Credit Union

#FreedomToHelpChallenge 2020

 

#FreedomToHelpChallenge

Win $1,000 for your favorite local charity!

Freedom Federal Credit Union believes in people helping people and we are challenging Harford and Baltimore County volunteers, companies, and non-profits to participate in the award-winning 3rd annual #FreedomToHelpChallenge photo contest this holiday season. Showcase volunteerism in Harford or Baltimore County for the chance to win a $1,000 charitable donation for your local non-profit of choice and other weekly prizes.

HOW TO ENTER:

1. Like or Follow Freedom Federal Credit Union on Social Media (Facebook, Twitter, Instagram)

2. Post public photos showcasing volunteerism in Harford or Baltimore County from November 2nd through December 10th, 2020

3. Include a description of the volunteer effort along with the searchable hashtag, #FreedomToHelpChallenge on every post

4. Visit us on Facebook every Friday to participate in public voting to increase your chances to win! (Every like equals a vote!)

On Instagram? Tag Freedom @FreedomFedCU or DM us to follow you if your account is private.

The #FreedomToHelpChallenge was recognized by CUNA in 2019 with The Dora Maxwell Social Responsibility Community Service Award

 

Read Full Contest Rules and Details Here.

Grand Prize Info: The Final Showdown

Public Voting for finalists will be available on Freedom’s Facebook page on Tuesday, December 15, 2020 at 10:00 am for 24 hours from the start of the voting period. Every like equals a vote. Share with your friends to increase your votes. The Grand Prize Winner will be announced via Freedom’s Facebook, Twitter, and Instagram page on or before December 16th, 2020.

*Selected charity must be a registered 501(C)3 with a proven focus in Harford or Baltimore County.

2020 Annual Meeting Details

Annual Meeting

Thank You For Registering!

Date: Tuesday, October 13, 2020
Time: 4:00pm

Join us LIVE for Freedom’s 2020 Virtual Annual Meeting, Join LIVE*

*Current Freedom Federal Credit Union membership is required to attend in this meeting.

*** REVIEW THE 2019 ANNUAL REPORT ***

Agenda:

  • 2019 Business Summary / Chairman and CEO Remarks
  • 2020 Business Update
  • Board Elections
  • Committee Reports
  • Approval of Minutes (Annual Meeting Minutes – 04-09-19)
  • New Business / Q&A

MEETING DETAILS:

https://meetings.ringcentral.com/j/1491327680?pwd=YmUxb1pFRm55QVdGdjgxKzcvcjVpUT09 

Meeting ID: 149 132 7680
Password: 017363

— OR CALL IN —

iPhone one-tap :

US: +1(312)2630281,,1491327680#

+1(470)8692200,,1491327680# (US East)

Telephone:

Dial(for higher quality, dial a number based on your current location):

US: +1(312)2630281

US East: +1(470)8692200

Meeting ID: 149 132 7680

Thank you for your membership in Freedom Federal Credit Union!  

 

*Due to COVID-19 and social distancing restrictions, Freedom’s Annual Meeting, originally scheduled to take place in April 2020, will now be a fully virtual meeting.

2020 Annual Meeting

Annual Meeting

Join Us Virtually…

Due to COVID-19 and social distancing restrictions, Freedom’s Annual Meeting, originally scheduled to take place in April 2020, will now be a fully virtual meeting.

Date: Tuesday, October 13, 2020
Time: 4:00pm

To Register for the Virtual Annual Meeting, Please RSVP Online.

Agenda:
2019 Business Summary / Chairman and CEO Remarks
2020 Business Update
Board Elections
Committee Reports
Approval of Minutes
New Business / Q&A

Register Here

  • Current Freedom Federal Credit Union membership is required to attend in this meeting.
  • Login instructions will be sent via email to all registrants closer to the meeting date.

Thank you for your membership in Freedom Federal Credit Union.  We wish everyone continued health and safety.

Freedom Federal Credit Union Donates Face Masks and Thermometers to Harford County Public Schools

August 11, 2020Freedom Donates 6000 Face Masks to HCPS

Harford County Public School (HCPS) and Freedom Federal Credit Union leadership and staff representatives gather on the steps of HCPS Headquarters to showcase the new masks that will be distributed to HCPS employees across the school system.
Seated (Left to Right): HCPS Transportation Coordinator Tina Hockaday, representing HCPS support staff, and Halls Cross Roads Elementary School Teacher Laura S. Pohlenz, representing HCPS teachers.
Standing Left from Freedom Federal Credit Union (Front to Back): President and CEO Michael MacPherson, Business Development Director Lisa Snodgrass, and Senior Vice President of Marketing Carmen Mirabile.
Standing Right from Harford County Public Schools (Front to Back): Superintendent Dr. Sean Bulson, Assistant Superintendent for Human Resources Jean Mantegna, and Chief of Administration Eric Davis.

Freedom Federal Credit Union, in partnership with Harford County Public Schools (HCPS), is providing all teachers and support staff with protective, reusable face masks for the upcoming school year. Six thousand masks will be distributed to all teachers, office workers, food service staff, facilities staff, transportation staff, teacher substitutes, and new hires.

Additionally, 30 infrared no-contact thermometers have been donated by Freedom for use in all HCPS school buildings and offices to supplement similar thermometers already available in each school’s health suite. The $26,000 contribution to purchase the masks and thermometers is intended to show appreciation for every HCPS employee’s contribution and dedication, and to provide critical protective equipment to help support HCPS protocols to keep all HCPS employees safe and healthy during the upcoming year.

Freedom Federal Credit Union was originally slated to sponsor the HCPS Annual Employee Service Recognition Program and Awards Dinner, which they have sponsored since 2013. The program recognized hundreds of employees annually who had reached 5, 10, 20, 30, 40, and 50 years of service milestones. Due to the statewide closure of schools, and social function restrictions, the 2020 recognition program was cancelled. Freedom, working closely with school administrators, believed that the face masks would be a great way to show appreciation for all HCPS staff- both in and out of the classroom.

Prior to the decision on whether or not the upcoming school year would resume in person or virtually, both Freedom and HCPS administration recognized that many hundreds of staff members will continue to be required to report in person either regularly or periodically, and that all staff, including those working remotely, would continue to need face coverings for use in any public setting.

“In the best of times, we have always made it a priority to show our teachers that we care about their well-being and appreciate their dedication to the children in our community,” stated President and CEO of Freedom Federal Credit Union, Mike MacPherson. “In what now feels like the worst of times, we know that the pressures our educators, and all those who support our education system, face, will be great, and we hope this sponsorship will show our appreciation for all they do while supporting their health and safety.”

Invited to represent HCPS teachers in a photograph showcasing the new masks, Laura S. Pohlenz, a vocal music teacher at Halls Cross Roads Elementary School, recently completed her 30th year teaching for HCPS. Ms. Pohlenz expressed, “I am happy to represent teachers in this partnership with Freedom Federal Credit Union, and would like to personally thank them for this generous gift of face masks to the school system, in an effort to ensure the safety for our students and staff during this time.”

Representing HCPS support staff in this partnership, Transportation Coordinator, Tina Hockaday, who has been with HCPS for 14 years, remarked, “We are extremely grateful for our partnership with Freedom Federal Credit Union. Thank you for thinking of the safety of our students and staff.”
In the July 29, 2020 Superintendent’s Bulletin, Dr. Sean Bulson, acknowledged the contribution. “This year, FFCU has chosen to recognize all employees of HCPS by donating a protective face mask for every employee. By means of this generous contribution, they would like to honor and show their appreciation for the work done by every HCPS employee as we continue to educate the students of HCPS, while maintaining a safe and protected environment for staff and students. We hope that you will join us in expressing our appreciation to Freedom Federal Credit Union for this generous contribution!”


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 and Baltimore Counties. Additionally, Freedom offers a full-line of banking services for all businesses, associations, and other organizations that are based in Harford and Baltimore Counties. To learn more, visit freedomfcu.org.

About Harford County Public Schools

The mission of Harford County Public Schools is that each student will attain academic and personal success in a safe and caring environment that honors the diversity of our students and staff.  The vision of the Board of Education of Harford County is to inspire and prepare each student to achieve success in college and career.

Freedom Federal Credit Union Expands Field of Membership
to Include Baltimore County

July 2, 2020Welcome To Freedom

The Credit Union Was Approved by the National Credit Union Administration to Serve Residents and Businesses of Baltimore County

Freedom Federal Credit Union announced that they received approval from the National Credit Union Administration (NCUA) for their request to expand their field of membership.  Effective immediately, Freedom membership is now open to businesses and any individuals who live, work, worship, volunteer, attend school, or has family in Baltimore County.  Prior to NCUA approval, Freedom’s field of membership was focused solely on Harford County.

“This is a very exciting time for Freedom Federal Credit Union, our members, and residents of both Baltimore and Harford Counties, as a whole”, stated Mike MacPherson, President and CEO of Freedom. “With NCUA’s approval, we can now provide what we call the “Freedom Advantage”, our unique credit union service offering, to the greater Baltimore County communities. We will be able to better serve a larger group of Maryland consumers and businesses who have currently been underserved, and address their immediate and long-term savings and lending needs as only a credit union, like Freedom, can do”.

Freedom Federal Credit Union was founded in 1953 as MATCOM Federal Credit Union. The Credit Union started in Baltimore and later moved to Harford County in support of the Edgewood Arsenal, (which became part of Aberdeen Proving Ground). Freedom received their Harford County community charter in 1999 and changed their name to Freedom of Maryland Federal Credit Union in 2000.

The expansion into Baltimore County was a logical step in the Credit Union’s evolution.  Freedom already serves over 3,000 members that are Baltimore County residents and were able to join because of some affiliation with Harford County.

MacPherson continued: “We feel Freedom is an organization best qualified to meet the financial service needs of the expanded community. We’re financially strong, with full service, easily accessible locations, user-friendly tools for remote accessibility, and a wide range of products, services, and technology. Additionally, Freedom has always focused on our social responsibility, generously supporting the communities we serve.  We now have even more opportunity to do good in the community, for even more organizations, businesses, and people across both Baltimore and Harford Counties”.

“Strategic growth is vital to our long term strength and viability”, stated Mike Kaiser, Chairman of the Board for Freedom. The entire Board of Directors saw the wisdom and value in our expansion, not only for the organization, members and communities we currently serve, but also for our future members, and unanimously adopted the expanded field of membership”.

Kaiser continued: “Expanding our field of membership to Baltimore County will also allow us to provide cutting edge products and services to many more members.  As a full-service financial institution, Freedom has long catered, and is uniquely structured, to serve a wide variety of consumers, including those of low and modest means.  We believe that Freedom is positioned to provide the value of a local, community-focused, ‘people helping people’-centric financial institution, while we continue to adhere to the principles, mission, and values that we have developed over our more than 67 year history”.

As part of the expansion, Freedom will look at all options with respect to new, physical locations, in both Harford and Baltimore Counties, as well as how best to leverage technology for those who like and want to conduct business electronically and remotely, whenever and wherever it is convenient for them.


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 and Baltimore Counties. Additionally, Freedom offers a full-line of banking services for all businesses, associations, and other organizations that are based in Harford and Baltimore Counties. To learn more, visit freedomfcu.org.

Freedom Expands Field of Membership- CEO Letter

July 2, 2020

Dear Freedom Members,

I wanted to share some very exciting news with you, as soon as I could.

Late last year, Freedom began the process of requesting, with the National Credit Union Administration (NCUA), the governing agency that regulates credit unions, for the ability to expand our field of membership, in order to serve more residents within the state.  I am extremely excited to announce to you that the NCUA has approved our request. Effective immediately, in addition to Harford County, Freedom membership is now open to businesses and any individuals who live, work, worship, volunteer, attend school, or have family in Baltimore County.

Your Board of Directors have also unanimously approved this field of membership expansion. With NCUA’s approval, as well as Board approval, we can now provide what we call the “Freedom Advantage”, our unique credit union service offering, to the greater Baltimore County communities. We will be able to better serve a larger group of Maryland consumers and businesses, many of whom we have heard from directly, that have been underserved, and address their immediate and long-term savings and lending needs as only a credit union, like Freedom, can do.

We are excited to roll out our plans for welcoming Baltimore County residents to Freedom and communicating our value proposition. We are working hard to provide the best financial institution and structure we can to serve not only our new communities within Baltimore County, but all of Harford County as well.

Freedom is an organization best qualified to meet the financial service needs of both Harford and Baltimore Counties. We’re financially strong, with full-service, easily accessible locations and a wide range of financial products, services, and accessible, intuitive technology.

We have also put great focus on our social responsibility, supporting those same communities we serve.  In fact, we have made it our mission to be a trusted financial partner that does more than just banking, by creating a community support culture of people helping people that meets the needs of our members and the communities we serve. We now have even more opportunity to do good in the community, for even more organizations, businesses, and people across both Baltimore and Harford Counties.

I know this is a big change for us, and you may have some questions as a result of this announcement.  I want to take this opportunity to try and answer some of these for you now.

Why did Freedom want to expand its Field of Membership?

Making Freedom membership available to all those who live, work, worship, volunteer, or attend school in Baltimore County was a logical step in our Credit Union’s evolution.  Nearly 3,000 current Freedom members are already Baltimore County residents and were able to join because of some affiliation with Harford County. We have heard directly from so many Baltimore County residents over the years that they wish they could join Freedom. With just a few credit unions and numerous big banks in Baltimore County, credit unions are few and far between, even though they represent a better financial choice for most consumers. And we know Freedom will provide Baltimore County the exact type of financial institution that so many have said they want.

How is this a good thing for current Freedom members?

Because of the way a credit union is structured, as a financial cooperative, the health and strength of the organization is strongly dependent on the membership being engaged and utilizing its products and services.  The more members that are an active part of the credit union and using its products and services, the better the ability to offer lower cost loan options, higher deposit rates, better technology and access, and more community support.   Our expansion into Baltimore County will allow Freedom to provide our unique financial offerings to more consumers that need them and provide a much needed financial alternative to the big banks.  In doing so, we will be able to increase our membership, and the ability to serve all our members, and our shared communities better.

With 32,000 members and growing, Freedom has been a strong financial partner to our members for over 67 years, and we look forward to being an even better partner with this expansion.

Does this mean we are taking away resources to support Harford County?

Absolutely not!  Our expansion into Baltimore County does not take anything away from our focus, commitment, and support to the Harford County community. On the contrary, our expansion will afford us greater resources to expand our support of Harford County residents, businesses, and organizations. We are, and have always been, a part of this great community, and will continue to serve it as we always have.

Will you be opening new branches in Baltimore County?

We will look at all our options with respect to new and future physical locations, in both Harford and Baltimore Counties, to best serve our expanded membership. We will also review how we already serve members, regardless of location, by leveraging technology for those who like and want to conduct business electronically and remotely, on their own schedule.  One of the biggest lessons we have learned during these past few months is that members are quite adept, and look for, newer technology to serve their banking needs. We will, therefore, consider all options to offer the best balance between physical locations and technology that best serves our membership.

We will continue to share information and details about this exciting news for Freedom Federal Credit Union and its membership, and where we go from here.  In the meantime, if you have family, friends, and/or coworkers who live, work, study, volunteer, have family, or worship in Baltimore County, please help us spread the news of who we are, and share with them the Freedom Advantage!

I want to thank all of you for your ongoing trust and confidence in Freedom. It is because of you that we are here, and will continue to be here, for many years to come. Our future is bright, and together, there’s no telling what we can accomplish.

Sincerely,

CEO Signature

Michael MacPherson
President and CEO
Freedom Federal Credit Union

Funds Availability Changes – July 1, 2020

Effective July 1, 2020: The amount Freedom makes available for withdrawal by checks, that are not subject to the next day availability, is increasing from $200 to $225.

In addition, the amount available for withdrawal on the second business day, after the day of your deposit for large deposits or exception hold amounts, will increase from $5,000 to $5,525.