Freedom First is headquartered in Roanoke and is the 15th largest credit union in the state of Virginia. It is also the 391st largest credit union in the nation. It was established in 1956 and as of June of 2024, it had grown to 225 employees and 63,180 members at 14 locations. Freedom First has a B+ health rating.
Freedom First offers membership to those who live, work, worship, attend school, or regularly conducts business in the Virginia counties of Albemarle, Alleghany, Amherst, Appomattox, Augusta, Bath, Bedford, Bland, Botetourt, Buckingham, Craig, Floyd, Franklin, Giles, Highland, Montgomery, Nelson, Pulaski, Roanoke, or Rockbridge, or portions of Campbell, Charlotte, or Patrick; or the Virginia cities of Buena Vista, Charlottesville, Covington, Lexington, Lynchburg, Radford, Roanoke, Salem, Staunton, or Waynesboro.
See current membership details
Never bank here. Horrible experience. My debit card declined and left me walking for miles to get home with no gas and no resolve. Find a bank that won’t cut off your debit card every 5 seconds
Overall | |
---|---|
NCUA # | 11111 |
Year Chartered | 1956 |
Employees | 225 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.58% |
Return on Equity - YTD | 8.39% |
Annual Interest Income | $28.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $1.18B$1.13B |
Loans | Q2 2024vs Q2 2023 | $995.2MM$941.6MM |
Deposits | Q2 2024vs Q2 2023 | $904.8MM$902.1MM |
Equity Capital | Q2 2024vs Q2 2023 | $80.2MM$76.7MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $7.2MM$7.5MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3.3MM$4MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $121K$85K |
Always verify rates and promotions with the bank or credit union. We are not Freedom First; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.