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Filing year 2024

FREEDOM CREDIT UNION

Springfield, Massachusetts·EIN 04-1961180·14
Total revenue
$37.6M
Total assets
$733.9M
Total expenses
$35M
Reported officers
24
Mission

OUR DYNAMIC, SINCERE AND HELPFUL TEAM PROVIDES MEMBERSHIP VALUE TO INDIVIDUALS AND BUSINESSES WHILE MANAGING A STABLE, COMMUNITY-MINDED FINANCIAL INSTITUTION.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

$457k
$493k
Base
$358k
Bonus
$50k
Other
$16k
Benefits
$16k
Vice President of Business
vice president
$229k
$248k
Base
$163k
Bonus
$8k
Other
$2k
Benefits
$39k
Vice President of Lending
vice president
$223k
$241k
Base
$172k
Bonus
$17k
Other
$2k
Benefits
$21k
Vice President of Retail a
vice president
$207k
$224k
Base
$153k
Bonus
$15k
Other
$1k
Benefits
$14k
Director of Human Resource
key employee
$206k
$223k
Base
$156k
Bonus
$15k
Other
$1k
Benefits
$24k
VP Operations
vice president
$196k
$211k
Base
$156k
Bonus
$21k
Other
$1k
Benefits
$2k
Chief Financial Officer
$183k
$198k
Base
$172k
Bonus
$50
Other
$893
Benefits
$11k
Information Security Offic
highest compensated employee
$179k
$193k
Base
$129k
Bonus
$5k
Other
$3k
Benefits
$22k
Director of Financial Pla
$166k
$180k
Base
$38k
Bonus
$74k
Other
$190
Benefits
$47k
Assistant Vice President
vice president
$150k
$162k
Base
$125k
Bonus
$9k
Other
$1k
Benefits
$8k
Manager
highest compensated employee
$137k
$148k
Manager
highest compensated employee
$137k
$148k
CFO Through 1/12/2024
$125k
$135k
Director
officer (unspecified)
$5k
$6k
Director
board member
$3k
$4k
Director
board member
$2k
$2k
Director
board member
$691
$746

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Down 4%
from 2023

From $478k in 2023 to $457k in 2024.

$478k
2023
$457k
2024
In today's dollarsEst.
Down 8% in real terms$534k to $493k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FREEDOM CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$34.5M
$30.5M
2023
$37.6M
$35M
2024
Total revenue and total expenses from IRS Form 990 filings.
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