Featured Savings Rates
Featured Accounts

Freedom First

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.00%Reward CheckingIndex Checking
1.60%5-year CD60 Month Share Certificate
0.55%1-year CD12 Month Share Certificate

Overview / Commentary
866-389-0244
5240 Valleypark Dr
Roanoke, VA 24019-3002

Freedom First is headquartered in Roanoke and is the 18th largest credit union in the state of Virginia. It is also the 554th largest credit union in the nation. It was established in 1956 and as of June of 2017, it had grown to 173 employees and 51,022 members at 12 locations. Freedom First's money market rates are 2X the national average, and it 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

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Reviews (2)

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.

fee fees fees

Freedom first credit union used to be the Virginia tech banking service then it change about 10 years. Since the change there service has gone down hill. It was by fast the worst bank i have ever been with. We would have money in the bank and still get charged late fees. We had to go into the office about 6 times in a year to fix their mistakes. if we would knot have gone in the charges would have been left on the account. i can't image how many other people this must of happened to without them noticing. i would not recommend them to anyone.



Health

Health Grade Components

Overall
NCUA #11111
Year Chartered1956
Employees173
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD8.82%
Annual Interest Income$9.0MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$479.9MM$443.4MM
LoansQ2 2017vs Q2 2016$394.4MM$327.3MM
DepositsQ2 2017vs Q2 2016$387.2MM$341.7MM
Equity CapitalQ2 2017vs Q2 2016$44.7MM$42.2MM
Secondary CapitalQ2 2017vs Q2 2016$2.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$2.7MM$2.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$3.1MM$3.4MM
Real Estate OwnedQ2 2017vs Q2 2016$280.00K$684.00K
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 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% $50 - $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

Freedom First Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$50k-Money Market Special
0.85%*$100k*-Business Money Market Savings
OTHER TIERS: 0.10% $1k - $5k | 0.15% $5k - $25k | 0.25% $25k - $50k | 0.55% $50k - $100k
0.75%*$100k*-Money Market Account
OTHER TIERS: 0.20% $5k - $25k | 0.35% $25k - $50k | 0.55% $50k - $100k

Freedom First Checking Account Rates

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

Freedom First CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$100k*-60 Month Share Certificate Special (New Money)
OTHER TIERS: 0.85% $2,500 - $10k | 1.25% $10k - $50k | 1.75% $50k - $100k
1.60%$500-60 Month Share Certificate
1.50%$500-Business 60 Month Share Certificate
1.50%*$100k*-24 Month Share Certificate Special (New Money)
OTHER TIERS: 0.70% $2,500 - $10k | 0.95% $10k - $50k | 1.25% $50k - $100k
1.21%*$100k*-13 Month Share Certificate Special (New Money)
OTHER TIERS: 0.70% $2,500 - $10k | 0.85% $10k - $50k | 1.17% $50k - $100k
1.20%$500-48 Month Share Certificate
1.10%$500-Business 48 Month Share Certificate
0.95%$500-36 Month Share Certificate
0.90%$500-Business 36 Month Share Certificate
0.65%$500-24 Month Share Certificate
0.65%$500-Business 24 Month Share Certificate
0.55%$500-12 Month Share Certificate
0.55%$500-Business 12 Month Share Certificate
0.25%$500-6 Month Share Certificate

Freedom First IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$100k*-60 Month IRA Certificate Special (New Money)
OTHER TIERS: 0.85% $2,500 - $10k | 1.25% $10k - $50k | 1.75% $50k - $100k
1.60%$500-60 Month IRA Certificates
1.50%*$100k*-24 Month IRA Certificate Special (New Money)
OTHER TIERS: 0.70% $2,500 - $10k | 0.95% $10k - $50k | 1.25% $50k - $100k
1.21%*$100k*-13 Month IRA Certificate Special (New Money)
OTHER TIERS: 0.70% $2,500 - $10k | 0.85% $10k - $50k | 1.17% $50k - $100k
1.20%$500-48 Month IRA Certificates
0.95%$500-36 Month IRA Certificates
0.65%$500-24 Month IRA Certificates
0.55%$500-12 Month IRA Certificates
0.25%$500-6 Month IRA Certificates
Locations

Availability