Freedom First
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 3.25% | 5-year CD | 60 Month Share Certificate Special (New Money) |
| 2.36% | 1-year CD | 13 Month Share Certificate Special (New Money) |
| 1.65% | Money Market | Money Market Special (New Money) 1.85% - CIT Bank Money Market Account |
Freedom First is headquartered in Roanoke and is the 18th largest credit union in the state of Virginia. It is also the 524th largest credit union in the nation. It was established in 1956 and as of March of 2018, it had grown to 171 employees and 52,836 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
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. (membership requirements are listed in the credit union's online application)
See current membership details
Related Posts
Love banking local!
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.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11111 |
| Year Chartered | 1956 |
| Employees | 171 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.6% |
| Return on Equity - YTD | 17.46% |
| Annual Interest Income | $5.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $531.0MM$476.1MM |
| Loans | Q1 2018vs Q1 2017 | $431.1MM$369.2MM |
| Deposits | Q1 2018vs Q1 2017 | $441.1MM$391.6MM |
| Equity Capital | Q1 2018vs Q1 2017 | $48.7MM$43.5MM |
| Secondary Capital | Q1 2018vs Q1 2017 | $2.3MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $3.0MM$2.7MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $2.3MM$2.4MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $53.00K$242.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.20%* | $100k* | - | Business Savings | ||
| OTHER TIERS: 0.25% → $200 - $5k | 0.45% → $5k - $20k | 0.60% → $20k - $50k | 0.90% → $50k - $100k | |||||
| 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 | |||||
Freedom First Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.65% | $10k | - | Money Market Special (New Money) | ||
| 1.20%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.45% → $5k - $25k | 0.60% → $25k - $50k | 0.90% → $50k - $100k | |||||
| 0.85%* | $100k* | - | Business Money Market Savings | ||
| OTHER TIERS: 0.10% → $1k - $5k | 0.15% → $5k - $25k | 0.25% → $25k - $50k | 0.65% → $50k - $100k | |||||
Freedom First Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $25k* | $100k | Index Checking | ||
| OTHER TIERS: 0.90% → $100k+ | |||||
| 0.10% | $1k | - | Optimum Checking | ||
Freedom First CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.25%* | $25k* | - | 60 Month Share Certificate Special (New Money) | ||
| OTHER TIERS: 2.75% → $500 - $10k | 3.00% → $10k - $25k | |||||
| 2.40% | $500 | - | 60 Month Share Certificate | ||
| 2.40% | $500 | - | Business 60 Month Share Certificate | ||
| 2.36%* | $25k* | - | 13 Month Share Certificate Special (New Money) | ||
| OTHER TIERS: 1.85% → $500 - $10k | 2.10% → $10k - $25k | |||||
| 1.75% | $500 | - | 48 Month Share Certificate | ||
| 1.75% | $500 | - | Business 48 Month Share Certificate | ||
| 1.50% | $500 | - | 36 Month Share Certificate | ||
| 1.50% | $500 | - | Business 36 Month Share Certificate | ||
| 1.35% | $500 | - | 24 Month Share Certificate | ||
| 1.35% | $500 | - | Business 24 Month Share Certificate | ||
| 1.00% | $500 | - | 12 Month Share Certificate | ||
| 1.00% | $500 | - | Business 12 Month Share Certificate | ||
| 0.65% | $500 | - | 6 Month Share Certificate | ||
Freedom First IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.40% | $500 | - | 60 Month IRA Certificates | |
| 1.75% | $500 | - | 48 Month IRA Certificates | |
| 1.50% | $500 | - | 36 Month IRA Certificates | |
| 1.35% | $500 | - | 24 Month IRA Certificates | |
| 1.00% | $500 | - | 12 Month IRA Certificates | |
| 0.65% | $500 | - | 6 Month IRA Certificates |
