Overview / Commentary
540-389-0244
5240 Valleypark Dr
Roanoke, VA 24019-3002

Freedom First is headquartered in Roanoke and is the 17th largest credit union in the state of Virginia. It is also the 481st largest credit union in the nation. It was established in 1956 and as of December of 2018, it had grown to 168 employees and 52,334 members at 12 locations. Freedom First has an A health rating.

Field of Membership Restrictions

Freedom First CU offers membership to those who live, work, worship, attend school, or are involved in charitable organizations in the counties of Botetourt, Craig, Franklin, Montgomery and Roanoke, as well as the cities of Radford, Roanoke and Salem.
See current membership details

Related Posts

Money Market Exclusive Offer, 2.25% APY - 2/27/2019

Available in the Virginia counties of Botetourt, Craig, Franklin, Montgomery, and Roanoke, as well as the cities of Radford, Roanoke and Salem. Offer only available by calling our Contact Center at (540) 389-0244, (866) 389-0244. 2.25% Annual Percentage Yield (APY) on Money Market account as of 2/5/2019 with a minimum balance of $10,000 to obtain APY. To be eligible for this special APY, at least $10,000 must come from sources other than Freedom First accounts. Balances below $10,000 or above $1,000,000 will earn regular Money Market dividend rates and APYs that are subject to change. Offer available to members with Freedom Stash Checking accounts only. This APY is valid for 12 months from time of account opening. Beginning with the 13th month the account will continue earning dividends at the then prevailing money market APY. This APY may be discontinued at any time. Fees could reduce earnings on the account.

Freedom First (VA) Offers Money Market Special - 7/18/2018

Freedom First (Virginia) is offering a Money Market Special earning 2.13% APY with a one-year rate guarantee. Minimum opening deposit is $10k of new money.

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Reviews (4)

Love banking local!

Posted by: Breezeroom | May 7, 2018

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.



Health

Health Grade Components

Overall
NCUA #11111
Year Chartered1956
Employees168
Primary Regulator
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD10.75%
Annual Interest Income$23.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$600.9MM$533.0MM
LoansQ4 2018vs Q4 2017$492.6MM$421.3MM
DepositsQ4 2018vs Q4 2017$489.8MM$420.0MM
Equity CapitalQ4 2018vs Q4 2017$52.1MM$46.7MM
Secondary CapitalQ4 2018vs Q4 2017$2.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.3MM$3.2MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$3.3MM$3.5MM
Real Estate OwnedQ4 2018vs Q4 2017$603.00K$702.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Money Market Exclusive Offer, 2.25% APY

Carpline   |  
Available in the Virginia counties of Botetourt, Craig, Franklin, Montgomery, and Roanoke, as well as the cities of Radford, Roanoke and Salem.

Offer only available by calling our Contact Center at (540) 389-0244, (866) 389-0244.

2.25% Annual Percentage Yield (APY) on Money Market account as of 2/5/2019 with a minimum balance of $10,000 to obtain APY.
To be eligible for this special APY, at least $10,000 must come from sources other than Freedom First accounts.
Balances below $10,000 or above $1,000,000 will earn regular Money Market dividend rates and APYs that are subject to change.
Offer available to members with Freedom Stash Checking accounts only.
This APY is valid for 12 months from time of account opening.
Beginning with the 13th month the account will continue earning dividends at the then prevailing money market APY.
This APY may be discontinued at any time.
Fees could reduce earnings on the account.

Rates

Rates for Freedom First are currently being reviewed.

Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.