Freedom First is headquartered in Roanoke and is the 14th largest credit union in the state of Virginia. It is also the 406th largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 230 employees and 62,611 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
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
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11111 |
| Year Chartered | 1956 |
| Employees | 230 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 9.02% |
| Annual Interest Income | $14.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.16B$1.16B |
| Loans | Q1 2025vs Q1 2024 | $970.1MM$980.1MM |
| Deposits | Q1 2025vs Q1 2024 | $984.1MM$944.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $86.5MM$79MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $6.4MM$7.1MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $3.1MM$3.3MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $338K$121K |
