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Freedom First Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.25%Money MarketFall Money Market Special
0.85% - Ally Bank Money Market AccountAdvertisement
1.50%5-year CD60 Month Share Certificate
1.85% - Synchrony Bank 60 Month CDAdvertisement
0.45%1-year CD12 Month Share Certificate
1.05% - Ally Bank High Yield 12-Month CDAdvertisement
View all Freedom First Federal Credit Union rates »

Overview / Commentary
www.freedomfirstcu.com
866-389-0244
5240 Valleypark Dr
Roanoke, VA 24019-3002

Freedom First Federal Credit Union is headquartered in Roanoke and is the 19th largest credit union in the state of Virginia. It is also the 558th largest credit union in the nation. It was established in 1956 and as of June of 2016, it had grown to 166 employees and 47,630 members at 11 locations. Freedom First Federal Credit Union's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school, or own a business anywhere in Botetourt, Craig, Franklin, Montgomery, and Roanoke Counties, Virginia, or the cities of Roanoke, Radford, Salem, and Vinton.
See current membership details

Related Posts

Freedom First (VA) Adds Fall Money Market Special - 9/17/2016

Freedom First (Southwest Virginia) has a Fall Money Market Special (1.25% APY, $100k min) with a 12 month rate guarantee. At least $25k must be new money.

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Reviews (1)

Great Credit Union And People!

Posted by: Angela Beasley | Jun 10, 2014

They worked with me when I needed it. The Vinton, Va branch was great in helping me get my account straight as I am getting back on my feet. It's not always about money, sometimes it just takes people to listen and help when needed.

1


Health
B+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #11111
Year Chartered1956
Employees166
Primary Regulator
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD11.78%
Annual Interest Income$8.2MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$443.4MM$371.9MM
LoansQ2 2016vs Q2 2015$327.3MM$301.4MM
DepositsQ2 2016vs Q2 2015$341.7MM$280.8MM
Equity CapitalQ2 2016vs Q2 2015$42.2MM$37.2MM
Secondary CapitalQ2 2016vs Q2 2015$2.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$2.0MM$2.1MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$3.4MM$1.4MM
Real Estate OwnedQ2 2016vs Q2 2015$684.00K$861.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Freedom First Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Regular Shares
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Vacation Clubs
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Christmas Clubs
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Little Gobbler Clubs
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Life Savings Shares
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-IRA Account
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Secondary Shares
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Trust Accounts
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Insurance Shares
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Roth IRA Account
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Education IRA Account
OTHER TIERS: 0.10% → $200 - $5k | 0.15% → $5k - $20k | 0.20% → $20k - $50k | 0.25% → $50k - $100k

Freedom First Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$100k*-Fall Money Market Special
OTHER TIERS: 0.20% → $5k - $25k | 0.35% → $25k - $50k | 0.50% → $50k - $100k
0.80%*$100k*-Business Money Market Savings
OTHER TIERS: 0.10% → $1k - $5k | 0.15% → $5k - $25k | 0.20% → $25k - $50k | 0.50% → $50k - $100k
0.65%*$100k*-Money Market Account
OTHER TIERS: 0.20% → $5k - $25k | 0.35% → $25k - $50k | 0.50% → $50k - $100k

Freedom First Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$25k*$100kIndex Checking
OTHER TIERS: 0.50% → $100k+
0.10%$1k-Optimum Checking

Freedom First Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month Share Certificate
1.25%*$50k*-24 Month Community Certificate Special - New Money
OTHER TIERS: 0.55% → $2,500 - $10k | 0.70% → $10k - $50k
1.00%$500-48 Month Share Certificate
1.00%$500-Business 60 Month Share Certificate
0.95%$500-36 Month Share Certificate
0.85%$500-Business 48 Month Share Certificate
0.80%$500-Business 36 Month Share Certificate
0.55%$500-24 Month Share Certificate
0.50%$500-Business 24 Month Share Certificate
0.45%$500-12 Month Share Certificate
0.40%$500-Business 12 Month Share Certificate
0.25%$500-6 Month Share Certificate
Locations

Freedom First Federal Credit Union has 11 locations. Click to view all Freedom First Federal Credit Union locations.