Freedom First Federal Credit Union

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A short history of Freedom First FCU

Since its inception in 1956 the Freedom First Federal Credit Union has been serving its members in the Roanoke, Virginia area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Paul Phillips, the Freedom First FCU has grown its membership to over 51,022 with assets of more than $479,899,923. They have a main office and 11 branch offices. Please see the credit unions website or contact them by phone at (866) 389-0244 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Roanoke, VA.

General Information For Freedom First FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 11111
Address 5240 Valleypark Drive 
City Roanoke 
State Virginia 
Zip-Code 24019
Phone Number (866) 389-0244
Fax Number () -
Email Address: none
CEO/President Paul Phillips
Members 51,022 
Full-Time Employees 173 
Part-Time Employees
Number of Branch Offices 11 
Total Assets 479,899,923 
Website http://www.freedomfirst.com 

Compare Freedom First Federal Credit Union To Other Local Credit Unions


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Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Star City CU Main Office 7635 Plantation Rd 24019 (540) 362-7315 No 0.77
High Street Baptist Church CU High Street Baptist Church 2302 Florida Ave NW 24017 (540) 362-9298 No 3.39
Roanoke Valley Community CU Main Office 723 5th St NE 24030 (540) 982-3931 No 4.48
Fedstar CU Poff Branch Poff Federal Building 24011 (540) 344-3900 No 4.53
Blue Eagle CU Rutherford 419 Rutherford Ave NE 24025 (540) 342-3429 No 4.55

Freedom First Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Freedom First Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 11.30 5.02 5.84 4.28 4.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 365 399 425 177 200
Rank Among All Virginia Credit Unions 40 59 59 33 24

Freedom First Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.55 0.45 0.45
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 55 274 234
Rank Among All Virginia Credit Unions N/A 24 6 50 36
Freedom First Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.3005,9538,281,364
All Other Unsecured Loans/Lines of Credit 11.1703,6278,879,185
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.0201,69935,478,664
Used Vehicle Loans 5.8407,44995,550,515
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.2801,111192,949,743
Total Other Real Estate Loans/Lines of Credit 4.7501,38243,219,140
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.94059010,081,983
TOTAL LOANS & LEASES 21,811394,440,594

Freedom First Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 36945,450,78015825,223,714
    b. 15 Years or less 19818,005,211326,844,812
Balloon/Hybrid
    a. > 15 years 20293,224,7374527,746,200
    b. 15 Years or less 7718,990,127205,963,900
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 25616,658,267261,354,072
Adjustable Rate > 1 yr 9620,62100

OTHER REAL ESTATE

Closed-End Fixed Rate 3118,889,19518672,750
Closed-End Adjustable Rate 1936,557,838175,000
Open-End Adjustable Rate 87727,718,694741,931,640
Open-End Fixed Rate 153,41300
TOTALS 2,493236,168,88337469,812,088

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 169,469,1026,025,157
Interest Only & Payment Option Other RE/LOC Loans 87227,533,9403,306,573
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Freedom First Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes