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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 557th largest credit union in the nation. It was established in 1956 and as of September of 2016, it had grown to 171 employees and 48,307 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 - YTD0.88%
Return on Equity - YTD9.22%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$453.0MM$391.2MM
LoansQ3 2016vs Q3 2015$327.6MM$308.2MM
DepositsQ3 2016vs Q3 2015$356.9MM$295.6MM
Equity CapitalQ3 2016vs Q3 2015$42.6MM$38.7MM
Secondary CapitalQ3 2016vs Q3 2015$2.5MM
Loan Loss AllowanceQ3 2016vs Q3 2015$2.4MM$1.6MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.2MM$1.6MM
Real Estate OwnedQ3 2016vs Q3 2015$507.00K$651.00K

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.