Freedom First Federal Credit Union Roanoke, Virginia
Freedom First Federal Credit Union is a federal credit union headquartered in Roanoke, VA, established in 1956 (NCUA charter 11111), and it is regulated and insured by the NCUA. At Q2 2026 it reported 63,954 members and total assets of $1.26B (up 7.3% from Q2 2025), the 14th largest of 94 credit unions headquartered in Virginia. Its net worth ratio was 10.89% at Q2 2026, in the well capitalized band.
Also written as Freedom First FCU
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 11111
- Headquarters
- Roanoke, VA
- Established
- 1956
- Total assets, Q2 2026
- $1.26B
- Assets vs Q2 2025
- +7.3%
- Members, Q2 2026
- 63,954
- Net worth ratio, Q2 2026
- 10.89%
- Latest call report
- Q2 2026, NCUA 5300 · Freedom First Federal Credit Union call report
- Asset rank in state
- 14th of 94 in Virginia
- Routing number
- 251483023
- Branches
- 15
It has 1,357 more members than on June 30, 2025 (+2.2%). Its net worth ratio was up 0.10 percentage points from 10.79% on June 30, 2025. Commercial loans are its largest loan category, $568.0M of $1.07B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.48% is below the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 10.89% net worth ratio matches that band's 10.89% median.
Credit unions similar in size in Virginia
Frequently asked about Freedom First Federal Credit Union
How big is Freedom First Federal Credit Union?
At Q2 2026 it reported total assets of $1.26B and 63,954 members.
Where is Freedom First Federal Credit Union headquartered?
It is headquartered in Roanoke, VA, United States.
When was Freedom First Federal Credit Union founded?
It was established in 1956, per NCUA records.
Is Freedom First Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 11111): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Freedom First Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Freedom First Federal Credit Union well capitalized?
Its net worth ratio was 10.89% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Freedom First Federal Credit Union's delinquency ratio?
Its delinquency ratio was 0.48% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Freedom First Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 106.46% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Roanoke, VA 24013
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1956
- NCUA Charter #
- 11111
- RSSD ID
- 596286
- Members
- 63,954
- Potential members
- 894,538
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 0 of 7 ranked measures and in the bottom quartile on 3.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 10.89% | 10.89% | 50th below |
| Return on assets Middle half of peers: 0.59% to 1.25% | 0.56% | 0.89% | 24th bottom |
| Return on equity Middle half of peers: 5.37% to 10.92% | 5.33% | 8.07% | 25th bottom |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 3.23% | 3.45% | 36th below |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 80.74% | 70.59% | 15th bottom |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 1.85% | 1.68% | 36th below |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 0.48% | 0.68% | 72nd above |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 5.08% | 5.12% | 47th position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 106.46% | 88.03% | over 90th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$1.26B total assets against $1.17B; $1.00B total shares and deposits against $968.6M; $1.07B total loans against $988.2M.
$132.8M net worth against $124.8M.
10.89% net worth ratio against 10.79%.
106.46% loan-to-share ratio against 102.02%.
0.48% delinquency ratio against 0.38%.
0.56% return on assets against 0.54%; 5.33% return on equity against 5.09%.
3.23% net interest margin against 2.88%.
63,954 members against 62,597.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 10.89% | 0.56% | 0.48% | 106.46% |
| March 31, 2026 | 10.94% | 0.56% | 0.40% | 104.04% |
| December 31, 2025 | 10.97% | 0.82% | 0.41% | 102.72% |
| September 30, 2025 | 10.79% | 0.54% | 0.36% | 102.44% |
| June 30, 2025 | 10.79% | 0.54% | 0.38% | 102.02% |
| March 31, 2025 | 10.00% | 0.68% | 0.32% | 98.57% |
Scroll sideways to see every column.
Watch flags
Loans outstanding exceed total member shares (deposits). The credit union is funding the gap with borrowings or non-member sources that are more rate-sensitive and less stable than core member deposits. Industry heuristic, not a supervisory threshold.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.