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Freedom First Federal Credit Union

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Freedom First Federal Credit Union Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Freedom First Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 23, 2026

You can compare Freedom First Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 1.76%, 6-month share certificate rates at 2.75% and 3-month share certificate rates at 0.25%. Savings rates are at 0.30% and money market rates are at 0.75%. Mortgage rates on 30-year fixed loans are around 6.50%. All these rates can be compared to Freedom First Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Freedom First Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.90%. Rates were last updated on 04/23/2026.

Freedom First Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Freedom First Federal Credit Union? Share your experience about Freedom First Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Freedom First Federal Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.90%

Excellent Lower than avg

Freedom First Federal Credit Union
Operations Downtown HQ

207 Bullitt Ave SE
Roanoke, VA 24013

https://www.freedomfirst.com

Current Rate Availability

We do not have Freedom First Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Freedom First Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Freedom First Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Freedom First Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Freedom First Federal Credit Union

Website https://www.freedomfirst.com

Address 207 Bullitt Ave SE, Roanoke, VA 24013

Phone 540-389-0244

Fax

President David Lowen

CEO Paul Phillips

Full-Time Employees 217

Part-Time Employees 6

Branch Locations 15

ATM Locations 13

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

2.90%

Return on Assets (ROA)

0.4370%

Return on Equity (ROE)

4.0778%

Non-Performing Loans Ratio (NPL)

0.36%

Total Assets

1,176,446,345

Total Amount of Shares and Deposits

986,331,082

Total Shares and Deposits < 1 Year

953,406,722

Total Shares and Deposits 1 3 Years

31,416,208

Total Shares and Deposits > 3 Years

1,508,151

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

186,440,275

Total Uninsured Shares and Deposits > $250K (F+J)

186,898,387

Total Insured Shares and Deposits > $250K (item 17 less item K)

799,432,695

Total Interest Expense (Sum of items 6 8)

18,867,868

Share Certificates

2,412

Number of Accounts for Share Drafts

30,840

IRA KEOGH Accounts

615

Number of Accounts for Regular Shares

70,470

Non Member Deposits

Money Market Shares

2,754

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

28,897,226

Total Liabilities

1,086,101,906

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

There are no reviews for Freedom First Federal Credit Union yet. Feel free to create one below.

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Total Reviews

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Frequently Asked Questions About Freedom First Federal Credit Union

Is Freedom First Federal Credit Union a safe place to deposit money?

Yes, Freedom First Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 2.8968662951044%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Freedom First Federal Credit Union operate?

Freedom First Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Freedom First Federal Credit Union?

Yes, to access services at Freedom First Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Freedom First Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Freedom First Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Freedom First Federal Credit Union offer online and mobile banking?

Most modern institutions like Freedom First Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.freedomfirst.com.