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 395th largest credit union in the nation. It was established in 1956 and as of March of 2024, it had grown to 229 employees and 63,486 members at 14 locations. Freedom First's money market rates are 14% higher than the national average, and it 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.
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Reviews (5)

Love banking local!

Posted by: |

When we moved to Virginia 11 years ago, we were looking for a local credit union to bank with. At the time this was our only option. Going into it, I didn't know if we would like this bank or not. I LOVE THIS BANK!!! This bank has always had the best customer service. About 4 years ago, I was a few days from leaving on vacation out of the state, and I got a call on a Saturday from the bank telling me that my card had some unauthorized use. I was extremely stressed out! They put a hold on my card, and I called the bank first thing monday morning. I explained that I really needed a card because I was about to leave on vacation. They had a new card waiting for me at the local branch the next morning! You cant get any better than that with service! Love them.

I love Freedom First!

I have been with Freedom First for about 12 years now. When we moved from out of state, we went and signed up for an account. At first I didnt know what to expect because I had never used a credit union prior. When I went in to open the account, I remember the staff being so gracious and even telling us some great things to do around the area. (We Moved from New york to Virginia so it was a change). Over time, I havent had any issues with them. Even when my debit card got hacked on a Saturday, they had a new debit card waiting for at the branch on monday to cause no delays to me. I would recommend them to anyone!

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.

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
Employees229
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD11.7%
Annual Interest Income$14.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.16B$1.08B
LoansQ1 2024vs Q1 2023$980.1MM$931MM
DepositsQ1 2024vs Q1 2023$944.5MM$888.2MM
Equity CapitalQ1 2024vs Q1 2023$79MM$75.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$7.1MM$6.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3.3MM$2.6MM
Real Estate OwnedQ1 2024vs Q1 2023$121K$57K
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
0.25%*$2k*$5kFreedom Dash Youth Savings Account
OTHER TIERS: 0.01% $5k+ | 0.05% $1 - $500 | 0.10% $500 - $2k
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
4.75%*$5k*-6 Month Business Money Market Special-Up to 50% New Money
OTHER TIERS: 0.01% $0 - $5k
4.50%*$5k*-6 Month Business Money Market Special-Over 50% New Money
OTHER TIERS: 0.01% $0 - $5k
4.00%*$240k*-Indexed Business Money Markets
OTHER TIERS: 2.10% $0 - $65k | 2.85% $65k - $240k
0.50%*$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
5.40%*$100k*-6 Month Share Certificate Special
OTHER TIERS: 4.75% $10k - $25k | 5.25% $25k - $100k
5.15%*$100k*$1m13 Month Share Certificate Special
OTHER TIERS: 4.50% $10k - $25k | 4.75% $25k - $100k
4.50%$5k$5m24-Month Step-Up Certificate Special-New Money
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
5.15%*$100k*-13 Month IRA Certificate Special
OTHER TIERS: 4.50% $10k - $25k | 4.75% $25k - $100k
4.00%*$10k*$1m6 Month IRA Certificates
OTHER TIERS: 2.10% $500 - $2.5k | 2.85% $2.5k - $10k
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
Locations

Availability

Roanoke Area

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