2. Freedom First

Freedom First

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.75%Money Market
2.10% - American Express National Bank High Yield Savings AccountAdvertisement
2.40%5-year CD
2.23% - National Average
1.25%1-year CD
2.65% - Barclays 12 Month Online CDAdvertisement
View all Freedom First rates »

Overview / Commentary
www.freedomfirst.com
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 495th largest credit union in the nation. It was established in 1956 and as of September of 2018, it had grown to 178 employees and 51,742 members at 12 locations. Freedom First's money market rates are 4X the national average, and it 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

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.

1

I love Freedom First!

Posted by: bernicehammond | Apr 2, 2018

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!

1

Great Credit Union And People!

Posted by: Angela Beasley | Jun 10, 2014

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.

1

fee fees fees

Posted by: adriannemiles | Nov 20, 2017

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.

2


Health
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #11111
Year Chartered1956
Employees178
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD11.6%
Annual Interest Income$16.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$575.9MM$503.2MM
LoansQ3 2018vs Q3 2017$467.5MM$414.5MM
DepositsQ3 2018vs Q3 2017$463.4MM$416.6MM
Equity CapitalQ3 2018vs Q3 2017$51.0MM$45.8MM
Secondary CapitalQ3 2018vs Q3 2017$2.3MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.3MM$3.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.7MM$2.9MM
Real Estate OwnedQ3 2018vs Q3 2017$455.00K$63.00K
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
0.30%*$100k*-Business Savings
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
1.75%$10k-Money Market Special (New Money)
1.30%*$100k*-Money Market Account
OTHER TIERS: 0.45% → $5k - $25k | 0.60% → $25k - $50k | 0.95% → $50k - $100k
1.30%*$100k*-Business Money Market Savings
OTHER TIERS: 0.25% → $1k - $5k | 0.45% → $5k - $25k | 0.60% → $25k - $50k | 0.95% → $50k - $100k

Freedom First Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$10kFreedom Stash Checking (Month DD of 5k+).
OTHER TIERS: 1.00% → $10k - $1m
2.00%*-$10kFreedom Stash Checking (Month DD of 1k+).
OTHER TIERS: 0.50% → $10k - $1m

Freedom First CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$500-60 Month Share Certificate
2.40%$500-Business 60 Month Share Certificate
1.95%$500-48 Month Share Certificate
1.95%$500-Business 48 Month Share Certificate
1.75%$500-36 Month Share Certificate
1.75%$500-Business 36 Month Share Certificate
1.55%$500-24 Month Share Certificate
1.45%$500-Business 24 Month Share Certificate
1.25%$500-12 Month Share Certificate
1.25%$500-Business 12 Month Share Certificate
0.65%$500-6 Month Share Certificate

Freedom First IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$500-60 Month IRA Certificates
1.95%$500-48 Month IRA Certificates
1.75%$500-36 Month IRA Certificates
1.55%$500-24 Month IRA Certificates
1.25%$500-12 Month IRA Certificates
0.65%$500-6 Month IRA Certificates
Locations

Availability



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