Freedom First Federal Credit Union
Headquarters
5240 Valleypark Dr
Roanoke, VA 24019
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2024 Overview
General Credit Union Information
Freedom First is an NCUA insured institution located in Roanoke, VA. It was founded in 1956 and has approximately $1179.36 millions in assets.
Who can join?
Anyone who lives, works, worships, goes to school, or supports a charity in Botetourt, Craig, Franklin, Montgomery, and Roanoke Counties; the cities of Radford, Roanoke, and Salem; and the town of Vinton is eligible to join.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 11111 |
| Date Established | 1956 |
| Assets | $1,179.36 million |
| Loans | $995.19 million |
| Deposits | $904.78 million |
| Capital | $111.37 million |
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.
Deposit Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.01% | $2,500 | $4,999 |
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|
|
Money Market
|
0.01% | $10,000 | $14,999 |
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|
|
Money Market
|
0.01% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.25% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.35% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.35% | $100,000 | $199,999 |
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|
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Freedom First
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.380% | 6.250% | 0.88 | $4,400 | $1,971 | Learn More |
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.984% | 6.875% | 0.88 | $3,545 | $2,103 | Learn More |
NMLS ID: 3030 |
7.200% | 7.125% | 0.75 | $2,400 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Freedom First
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Branches
Below are Freedom First branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Freedom First Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 233.13 | A | View Lobby Hours | |
| 234.20 | B | View Lobby Hours | |
| 238.52 | C | View Lobby Hours | |
| 240.91 | D | View Lobby Hours | |
| 243.04 | E | View Lobby Hours | |
| 243.58 | F | View Lobby Hours | |
| 243.88 | G | View Lobby Hours | |
| 244.52 | H | View Lobby Hours | |
| 246.94 | I | View Lobby Hours | |
| 247.72 | J | View Lobby Hours | |
| 335.90 | K | View Lobby Hours | |
| 960.12 | L | View Lobby Hours |
Climate Policy and Initiatives
FREEDOM FIRST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Freedom First Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Freedom First. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Freedom First | U.S. Average |
|---|---|
| 6.80% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Freedom First had $6,852,222 in non-current loans and $1,159,112 in owned assets. To cover these potential losses it had $111,369,673 in net worth and $6,382,000 in loans loss reserves. That gives it a Texas Ratio of 6.80%.
Net Worth
| Freedom First | U.S. Average |
|---|---|
| 9.66% | 13.93% |
Freedom First FCU has a net worth of 9.66% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Freedom First
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