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Overview / Commentary
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 573rd largest credit union in the nation. It was established in 1956 and as of December of 2016, it had grown to 174 employees and 48,947 members at 11 locations. Freedom First Federal Credit Union has an A 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!

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.


Health Grade Components

NCUA #11111
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD7.48%
Annual Interest Income$16.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$446.9MM$398.5MM
LoansQ4 2016vs Q4 2015$340.2MM$311.4MM
DepositsQ4 2016vs Q4 2015$365.0MM$300.2MM
Equity CapitalQ4 2016vs Q4 2015$42.7MM$39.5MM
Secondary CapitalQ4 2016vs Q4 2015$2.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$2.7MM$1.9MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.6MM$2.7MM
Real Estate OwnedQ4 2016vs Q4 2015$303.00K$729.00K

Rates for Freedom First Federal Credit Union are currently being reviewed.


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