Freedom First

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.00%	Reward Checking	Index Checking 1.93% - National Average
1.60%	5-year CD	60 Month Share Certificate 2.80% - Barclays 60 Month Online CD
0.80%	1-year CD	12 Month Share Certificate 2.20% - Barclays 12 Month Online CD

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 18^th largest credit union in the state of Virginia. It is also the 509^th largest credit union in the nation. It was established in 1956 and as of December of 2017, it had grown to 175 employees and 52,625 members at 12 locations. Freedom First's money market rates are 3X the national average, and it has a B+ 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

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.

Comment

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!

Comment

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.

Comment

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.

Comment

2

Health

B+

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	11111
Year Chartered	1956
Employees	175
Primary Regulator

Profit Margin
Return on Assets - YTD	0.77%
Return on Equity - YTD	8.49%
Annual Interest Income	$19.3MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$533.0MM$446.9MM
Loans	Q4 2017vs Q4 2016	$421.3MM$340.2MM
Deposits	Q4 2017vs Q4 2016	$420.0MM$365.0MM
Equity Capital	Q4 2017vs Q4 2016	$46.7MM$42.7MM
Secondary Capital	Q4 2017vs Q4 2016	$2.5MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$3.2MM$2.7MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$3.5MM$2.6MM
Real Estate Owned	Q4 2017vs Q4 2016	$702.00K$303.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
1.25%	$50k	-	Money Market Special (New Money)
0.85%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.20% → $5k - $25k \| 0.35% → $25k - $50k \| 0.65% → $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
1.00%^*	$25k^*	$100k	Index Checking
OTHER TIERS: 0.65% → $100k+
0.10%	$1k	-	Optimum Checking

Freedom First CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%	$500	-	60 Month Share Certificate
1.55%	$500	-	Business 60 Month Share Certificate
1.40%	$500	-	48 Month Share Certificate
1.35%	$500	-	Business 48 Month Share Certificate
1.10%	$500	-	36 Month Share Certificate
1.10%	$500	-	Business 36 Month Share Certificate
0.90%	$500	-	24 Month Share Certificate
0.90%	$500	-	Business 24 Month Share Certificate
0.80%	$500	-	12 Month Share Certificate
0.80%	$500	-	Business 12 Month Share Certificate
0.65%	$500	-	6 Month Share Certificate

Freedom First IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%	$500	-	60 Month IRA Certificates
1.40%	$500	-	48 Month IRA Certificates
1.10%	$500	-	36 Month IRA Certificates
0.90%	$500	-	24 Month IRA Certificates
0.80%	$500	-	12 Month IRA Certificates
0.65%	$500	-	6 Month IRA Certificates

Locations

Availability

Roanoke Area

Roanoke Area bank & credit union details

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