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Freedom First Credit Union Share
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Overview Share
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Freedom First Credit Union is a federal credit union based in Roanoke, Virginia. It has been opened since 1956, for 66 years.

With around $600,940,000 in assets, Freedom First Credit Union is considered to be a very large credit union. It has 11 branches and 11 ATM locations.

About Share
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Address 5240 Valleypark Drive
Roanoke, Virginia 24019
Website http://www.freedomfirst.com
Phone (866) 389-0244
CEO Paul Phillips
President of the Board Dan Merenda
Services Offered
Score Card Share
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66 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
52,334 members
Membership type: Community credit union
Above average number of members
309:1
Credit union member to staff ratio
309 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$600,939,327
Total assets
Above average
11 branches
Compared with an average of 4 nationally and 4 in Virginia
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.84%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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11 branches
Compared with an average of 4 nationally and 4 in Virginia
Above average number of branches
Freedom First Credit Union Branch Locations

Freedom First Credit Union: Operations
5240 Valleypark Drive
Roanoke, Virginia 24019
ATM Available
Freedom First Credit Union: Vinton
203 W. Virginia Avenue
Vinton, Virginia 24179
ATM Available
Freedom First Credit Union: Crossroads
5102 Williamson Road NW
Roanoke, Virginia 24012
ATM Available
Freedom First Credit Union: Salem
1235 Electric Road
Salem, Virginia 24153
ATM Available
Freedom First Credit Union: South Main
1204 S. Main Street
Blacksburg, Virginia 24060
ATM Available
Freedom First Credit Union: Christiansburg
417 North Franklin Street
Christiansburg, Virginia 24073
ATM Available
Freedom First Credit Union: Daleville Branch
1171 Roanoke Road
Daleville, Virginia 24083
ATM Available
Freedom First Credit Union: West End
1210 Patterson Avenue SW
Roanoke, Virginia 24016
ATM Available
Freedom First Credit Union: Operations - Addt'L
5305 Valleypark Drive Suite 9
Roanoke, Virginia 24019
No ATM
Freedom First Credit Union: Tanglewood
4203 Electric Road
Roanoke, Virginia 24018
ATM Available
Freedom First Credit Union: Downtown
102 Campbell Avenue SW
Roanoke, Virginia 24011
ATM Available
Freedom First Credit Union: Towers
2221 Colonial Avenue SW
Roanoke, Virginia 24015
ATM Available
Members Share
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52,334 members
Membership type: Community credit union
Above average number of members

With 52,334 members, the Freedom First Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 91% of credit unions.

Fees Share
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$102
Average fee per member
The average fee per member at the Freedom First Credit Union is $102, which is very high compared to most credit unions. This rate is higher than 85% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Freedom First Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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309:1
Credit union member to staff ratio
309 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
170 staff members
FTE (full-time equivalent)
2% of employees are part-time
168 full-time, 3 part-time

Freedom First Credit Union has 168 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 98% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Freedom First Credit Union has around 309 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$600,939,327
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$21,818
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 93% of credit unions.

Freedom First Credit Union holds a total of $492,610,000 in loans and leases, which is about $21,818 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Freedom First Credit Union pays 0.10%.

Loan rates Share
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11.84%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.05%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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5.28%
New car loan rate
Compared to 4.0% nationally
5.97%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.68%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.46%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Similar Credit Unions to Freedom First Credit Union

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Freedom First Credit Union: Operations - Addt'L
Credit Union Branch: 5305 Valleypark Drive Suite 9
Roanoke, Virginia 24019 No ATM
Freedom First Credit Union: West End
Credit Union Branch: 1210 Patterson Avenue SW
Roanoke, Virginia 24016 ATM Available
Freedom First Credit Union: Crossroads
Credit Union Branch: 5102 Williamson Road NW
Roanoke, Virginia 24012 ATM Available
Freedom First Credit Union: Vinton
Credit Union Branch: 203 W. Virginia Avenue
Vinton, Virginia 24179 ATM Available
Freedom First Credit Union: Christiansburg
Credit Union Branch: 417 North Franklin Street
Christiansburg, Virginia 24073 ATM Available
Freedom First Credit Union: Tanglewood
Credit Union Branch: 4203 Electric Road
Roanoke, Virginia 24018 ATM Available
Freedom First Credit Union: Daleville Branch
Credit Union Branch: 1171 Roanoke Road
Daleville, Virginia 24083 ATM Available
Freedom First Credit Union: South Main
Credit Union Branch: 1204 S. Main Street
Blacksburg, Virginia 24060 ATM Available
Freedom First Credit Union: Salem
Credit Union Branch: 1235 Electric Road
Salem, Virginia 24153 ATM Available
Freedom First Credit Union: Operations
Credit Union Branch: 5240 Valleypark Drive
Roanoke, Virginia 24019 ATM Available