Home Credit union Freedom Credit Union of Massachusetts opens its first branch in Connecticut | Credit Union Journal

Freedom Credit Union of Massachusetts opens its first branch in Connecticut | Credit Union Journal

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Freedom Credit Union in Springfield, Massachusetts, recently opened its first location in Connecticut.

The $683 million credit union has opened a loan origination office in Enfield dedicated exclusively to mortgages and businesses, at least for now.

Freedom Credit Union President and CEO Glenn Welch said the company recently opened a loan origination office in Enfield, Connecticut.

“We are excited to expand our footprint beyond the state line into Connecticut to better serve the needs of our members there. This new location has both a full-time mortgage originator and an on-site commercial lender,” said Glenn Welch, the credit union. president and chief executive officer, said in a press release.

In 2020, Freedom expanded its charter to people who live, work, or attend school in Hampden, Hampshire, Franklin, and Berkshire counties in Massachusetts to also include people in Hartford and Tolland counties in Connecticut.

“We have a significant number of members who come and go across the state line for work and other pursuits, so this expansion makes sense,” Welch said. “We plan to offer additional services in Connecticut in the future.”

Freedom has 10 branches in Pioneer Valley, Massachusetts to serve over 32,000 members.

Freedom Credit Union earned $1.8 million in the first nine months of 2022, down 40% from a year earlier, according to data from the National Credit Union Administration’s call report.