Freedom First is headquartered in Roanoke and is the 14th largest credit union in the state of Virginia. It is also the 396th largest credit union in the nation. It was established in 1956 and as of December of 2024, it had grown to 227 employees and 62,702 members at 14 locations. Freedom First has a B health rating.
Field of Membership Restrictions
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
Do Not Bank Here
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
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11111 |
| Year Chartered | 1956 |
| Employees | 227 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 7.91% |
| Annual Interest Income | $57.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1.17B$1.18B |
| Loans | Q4 2024vs Q4 2023 | $988.1MM$961.8MM |
| Deposits | Q4 2024vs Q4 2023 | $958.2MM$996.9MM |
| Equity Capital | Q4 2024vs Q4 2023 | $83.6MM$76.6MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $6.7MM$7.6MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $4MM$3.5MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $338K$0 |
