Freedom First


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

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.

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
B+

Health Grade Components

Overall
NCUA #11111
Year Chartered1956
Employees225
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD8.39%
Annual Interest Income$28.3MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.18B$1.13B
LoansQ2 2024vs Q2 2023$995.2MM$941.6MM
DepositsQ2 2024vs Q2 2023$904.8MM$902.1MM
Equity CapitalQ2 2024vs Q2 2023$80.2MM$76.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$7.2MM$7.5MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$3.3MM$4MM
Real Estate OwnedQ2 2024vs Q2 2023$121K$85K
Rates
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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.

Freedom First Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$5k*-Freedom Dash Youth Savings Account
OTHER TIERS: 0.01% $1 - $500 | 0.05% $500 - $2k | 0.10% $2k - $5k
0.01%$200-Regular Shares
0.01%$200-Vacation Clubs
0.01%$200-Christmas Clubs
0.01%$200-Life Savings Shares
0.01%$200-IRA Account
0.01%$200-Secondary Shares
0.01%$200-Trust Accounts
0.01%$200-Insurance Shares
0.01%$200-Business Savings

Freedom First Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.65%*$240k*-Indexed Business Money Markets
OTHER TIERS: 1.70% $1k - $65k | 2.10% $65k - $240k
0.25%*$100k*-Money Market Account
OTHER TIERS: 0.01% $5k - $25k | 0.03% $25k - $50k | 0.05% $50k - $100k

Freedom First Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$10kFreedom Stash Checking (Monthly DD of 5k+)
OTHER TIERS: 0.15% $10k - $1m
0.50%*$0$10kFreedom Stash Checking (Monthly DD of 1k+)
OTHER TIERS: 0.10% $10k - $1m

Freedom First CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$50k*$1m13 Month Share Certificate Special - New Money
OTHER TIERS: 3.75% $5k - $25k | 4.00% $25k - $50k
1.10%$500$1m60 Month Share Certificate
1.10%$500$1mBusiness 60 Month Share Certificate
1.05%$500$1m48 Month Share Certificate
1.05%$500$1mBusiness 48 Month Share Certificate
1.00%$500$1m36 Month Share Certificate
1.00%$500$1mBusiness 36 Month Share Certificate
0.90%$500$1m24 Month Share Certificate
0.90%$500$1mBusiness 24 Month Share Certificate
0.85%$500$1m12 Month Share Certificate
0.85%$500$1mBusiness 12 Month Share Certificate
0.25%$500$1m6 Month Share Certificate

Freedom First IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500$1m60 Month IRA Certificates
1.05%$500$1m48 Month IRA Certificates
1.00%$500$1m36 Month IRA Certificates
0.90%$500$1m24 Month IRA Certificates
0.85%$500$1m12 Month IRA Certificates
0.25%$500$1m6 Month IRA Certificates
Locations

Availability



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