Loans and Credit Cards


One of the primary functions of the credit union is the provision of loans to members from the savings pool created by fellow members.  At Freedom Credit Union, loan finance charges are computed using “simple interest” – that is, finance charges are assessed on the unpaid balance of a loan for the number of days outstanding.    


Freedom uses the “4 C’s” to determine an applicant’s credit worthiness.  These “4 C’s” ensure the credit union will grant good quality loans while protecting the member deposits with which loans are funded.


1)  The Character of the applicant,

2)  The Credit history of the applicant,

3)  The Capacity of the applicant to repay the money loaned, and

4)  The Conditions under which the loan is requested – both economic and applicant related.


Loan payments may be made conveniently via automatic transfers from a deposit account, and there are no loan prepayment penalties.  Click on Current Rates to view Freedom’s current lending rates.  Freedom Credit Union offers several loan types: 



Vehicle Loans

Freedom representatives are vehicle lending specialists, ready to help you finance a new or used vehicle, or refinance an existing loan with another lender.  Talk to a Freedom loan expert today about rate and term options; Freedom’s auto loan rates are tough to beat!  You can also purchase Credit Disability, Loan Protection Life Insurance, GAP insurance and extended warranties through Freedom at much lower rates than what the dealership offers you.

Click here to access our Auto Loan Calculator to calculate your payments.

Visa Credit Cards

A Freedom Credit Union Classic or Gold Visa Credit Card is a convenient and safe way to make purchases, consolidate debt, pay bills or get a cash advance.  Use your Freedom Credit Card at any of the more than 28 million locations worldwide and on the web where Visa is accepted. 

  • No annual fee

  • No balance transfer fee

  • Low rates for purchases and cash advances

Lost or Stolen Credit Card?  Please call 800-808-7230 or 800-991-4964 right away.

Home Equity Loans

A home equity loan, or revolving second mortgage, allows you to use the equity in your home for major purchases, home improvements, or to consolidate debt.  Freedom Credit Union offers a great fixed rate, no closing costs home equity loan option.  Be sure to talk to your tax advisor about the deductibility of finance charges.

Unsecured and Other Loans

Speak with a Freedom member services representative about other loan options, including unsecured signature loans, mobile home loans, recreational vehicle loans and CD or Savings Account secured loans.