8 Reasons to Love Your Freedom Membership

 

We Are Grateful for Our Members!

This holiday season, we want to thank all of our members for being a part of the Freedom Federal Credit Union family, and are grateful we are here to serve you and your financial needs. We know you made a great decision to be a member of Freedom, and below are 8 reasons to love your Freedom membership.

8 Reason to Love Your Credit Union

Superior Member Service

At Freedom, you’re always greeted with representatives who are ready and willing to help you. We’re truly invested in your financial wellness, and we’re here to help you achieve and maintain it, every step of the way, either in-person, over the phone, or trough online and mobile banking.

You Are an Owner of the Credit Union

Credit unions are member-owned and member-operated. You have a vote on our major decisions instead of being forced to follow along with whatever the “higher-ups” decide. Your Money = Your Voice.

Access to a Variety of Financial Services

At Freedom, we provide our members with a full suite of financial products and services to meet every money-related need at every life stage, including savings, checking, certificates, money markets, home loans and home refinance, auto loans and auto refinance, personal loans, lines of credit, credit cards, business savings and checking, commercial loan and lines of credits, and a host of technology services to provide better access to your money 24/7.

Better Savings Rates

We’re proud to provide you share certificate, money market and savings rates that are well above the national average.

Free Checking Accounts

Checking accounts and debit cards at Freedom are completely free to set up, maintain, and use. You’ll have a safe place to keep and access your money without it costing you a dime.

Lower Interest Rates

Take your pick of personal loans, home loans, auto loans and more, all with incredible rates that are often lower than average. You’ll have the funds you need with a rate you can actually afford!

We Support Small Businesses

Here at Freedom FCU, we’re happy to offer small business loans to qualifying members at extremely reasonable rates. We also offer business checking, business savings, and merchant services so you can run the financial side of your business without worrying about high rates and exorbitant fees.

Fewer Fees

We’re not in the business of feeing you to death. We keep our fees low or nominal, much less than the big banks, and we work to help you understand how to better manage and be on top of your money.

We also want you to have access to your money without worrying about expensive ATM fees. Freedom members have access to a surcharge-free ATM network of over 33,000 ATMs across the country.

From all of us at Freedom, we wish you and yours a wonderful holiday!

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.