Freedom First


Overview / Commentary
540-389-0244
5240 Valleypark Dr
Roanoke, VA 24019

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

Reviews (1)

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



Health

Health Grade Components

Overall
NCUA #11111
Year Chartered1956
Employees227
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD7.91%
Annual Interest Income$57.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$1.17B$1.18B
LoansQ4 2024vs Q4 2023$988.1MM$961.8MM
DepositsQ4 2024vs Q4 2023$958.2MM$996.9MM
Equity CapitalQ4 2024vs Q4 2023$83.6MM$76.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$6.7MM$7.6MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$4MM$3.5MM
Real Estate OwnedQ4 2024vs Q4 2023$338K$0
Rates

Rates for Freedom First are currently being reviewed.

Locations

Availability



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