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Filing year 2024

FREEDOM CREDIT UNION

Springfield, Massachusetts·EIN 04-1961180·501(c)(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 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Above 90th percentile
$457k
$493k
Base
$358k
Bonus
$50k
Other
$16k
Benefits
$16k
Vice President of Business
Board Vice President
75th to 90th percentile
$229k
$248k
Base
$163k
Bonus
$8k
Other
$2k
Benefits
$39k
Vice President of Lending
Board Vice President
75th to 90th percentile
$223k
$241k
Base
$172k
Bonus
$17k
Other
$2k
Benefits
$21k
Vice President of Retail a
Board Vice President
Median to 75th percentile
$207k
$224k
Base
$153k
Bonus
$15k
Other
$1k
Benefits
$14k
Director of Human Resource
Key Employee
Median to 75th percentile
$206k
$223k
Base
$156k
Bonus
$15k
Other
$1k
Benefits
$24k
VP Operations
Board Vice President
Median to 75th percentile
$196k
$211k
Base
$156k
Bonus
$21k
Other
$1k
Benefits
$2k
Chief Financial Officer
75th to 90th percentile
$183k
$198k
Base
$172k
Bonus
$50
Other
$893
Benefits
$11k
Information Security Offic
Highest Compensated Employee
Median to 75th percentile
$179k
$193k
Base
$129k
Bonus
$5k
Other
$3k
Benefits
$22k
Director of Financial Pla
Median to 75th percentile
$166k
$180k
Base
$38k
Bonus
$74k
Other
$190
Benefits
$47k
Assistant Vice President
Board Vice President
Median to 75th percentile
$150k
$162k
Base
$125k
Bonus
$9k
Other
$1k
Benefits
$8k
Manager
Highest Compensated Employee
25th percentile to median
$137k
$148k
Manager
Highest Compensated Employee
25th percentile to median
$137k
$148k
CFO Through 1/12/2024
Median to 75th percentile
$125k
$135k
Director
Officer (Unspecified)
$5k
$6k
Director
Board Member
10th to 25th percentile
$3k
$4k
Director
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
Below 10th percentile
$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.

Pay for the position

Chief Executive Officer pay fell 4% from 2023 to 2024, while revenue rose 9%.

$478k in 2023 to $457k in 2024.
  • Board Vice President pay rose 3% from 2023 to 2024.
  • Chief Financial Officer pay fell 30% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about FREEDOM CREDIT UNION

What does the Chief Executive Officer of FREEDOM CREDIT UNION earn?

In 2024, the Chief Executive Officer of FREEDOM CREDIT UNION received $456,885 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FREEDOM CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FREEDOM CREDIT UNION falls in the top 10%.

What are FREEDOM CREDIT UNION's revenue and expenses?

In 2024, FREEDOM CREDIT UNION reported $37.6M in total revenue and $35M in total expenses on its IRS Form 990.

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