Applications / Mortgage Analytics / Lenders / Massachusetts / Freedom Credit Union
Springfield, MA · Credit union · NCUA · $752 million assets · 172 loans in 2025
Freedom Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
172
loans originated, 2025
280
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Freedom Credit Union, a Springfield, MA lender, makes refinance, purchase and home-improvement loans in almost equal parts, but its loan count fell 24% in 2025, to 172.
It made 596 loans in 2021. The 24% fall in 2025 was steeper than at all but about one in twenty similar lenders (credit unions making between half and twice as many loans), which grew 7%. Its typical loan fell from $165,000 in 2020 to $95,000. That may mean it now makes more small home-improvement loans and fewer large purchase or refinance loans.
Refinances made up 28.5% of its loans, purchases 26.2%, home improvement 25.6% and other purposes 19.8%. None was higher-priced (a rate well above the average for similar loans), against 2.5% at peers. Its typical rate of 6.75% matched theirs.
Borrowers with low and moderate incomes took 35.3% of its loans, more than at about two-thirds of similar lenders. Its shares in poorer neighborhoods (18.7%) and majority-minority neighborhoods (11.1%) were close to its peers'.
Its share of the Springfield, MA market fell 0.4 points to 0.7%, ranking 38 of 322 lenders; Westfield Bank led. Its own lower volume may account for the fall. In Amherst Town-Northampton, MA its share held at 0.5%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Freedom Credit Union took 280 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 28.5% · Purchase 26.2% · Home improvement 25.6% · Other 19.8%
Conventional 100.0% · of 172 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 166 | 96.5% |
| Connecticut | 5 | 2.9% |
| Vermont | 1 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Springfield | 106 |
| Amherst Town-Northampton | 27 |
| Hartford-West Hartford-East Hartford | 4 |
| Norwich-New London-Willimantic | 1 |
| Pittsfield | 1 |
| Worcester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549006HJBA7HTOZF285 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 427193 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566824 | 1992–2017 |
Established 1 January 1986. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Freedom Credit Union's data.
Freedom Credit Union's data
$215
Freedom Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Freedom Credit Union's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]