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Who We Are
Freedom First Credit Union


Who We Are
Branded Star Mark
Branded Star Mark

Freedom First Credit Union Earns 5-Star Rating from BauerFinancial

BauerFinancial, Inc., the nation's premier bank and credit union rating firm, commends Freedom First Credit Union of Roanoke, Virginia on its achievement of a 5-Star Superior Rating. Earning this 5-Star Rating indicates this credit union closed out calendar year 2019 exceeding in areas of capital adequacy, profitability, asset quality, and much more.

"As the president of BauerFinancial, I am often asked what it takes to earn Bauer's top 5-Star rating," reflects Karen Dorway, president of the research firm. "Like everything in life, success boils down to knowledge. Because credit unions are formed by people with common ground to begin with, employees and other members already have commonalities they can build on. This intimacy allows the credit union to steer clear of danger and work with its members whether times are good or bad. Doing this well is how Freedom First Credit Union gets through the tough times unaffected."

Freedom First Credit Union was established in 1956 and has been working side by side with its members for 64 years, helping bring success to the members and to the credit union. Today, Freedom First Credit Union operates through 10 conveniently located branches providing a wide range of banking services to people and businesses in the Roanoke and New River Valleys.


Bauer Financial 5 stars Superior (These institutions are recommended by Bauer.)
Bauer Financial 4 stars Excellent (These institutions are recommended by Bauer.)
Bauer Financial 3.5 stars Good
Bauer Financial 3 stars Adequate
Bauer Financial 2 stars Problematic
Bauer Financial 1 star Troubled
Bauer Financial 0 stars Bauer's lowest rating
Bauer Financial S.U. Start-up Start-up. Institutions that are too new to rate. (Obsolete beginning with June 30, 2018 financial data.)
Bauer Financial N.R. Not Rated Credit Unions that either: have less than $1.5 million in assets, are not NCUA insured or are too new to rate.
FDIC/RSVLVD Institution has failed or is operating under regulatory conservatorship.
Financial data is compiled for U.S. banks and thrifts from call report data as reported to federal regulators.
Although the financial data obtained from these sources is consistently reliable, the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. CEO names and addresses are subject to change. While BauerFinancial staff makes every effort to ensure that these are current, the accuracy and completeness cannot be guaranteed by BauerFinancial.

All institutions are subject to federal regulatory capital requirements, but those requirements vary among institutions and are dependent on many factors. In general, banks are required to maintain a leverage capital ratio of at least 4%, a tier 1 risk-based capital ratio of at least 6% and a total risk-based capital ratio of at least 8%.

In addition to the capital ratio, other criteria are used to determine the BauerFinancial™ Star-Rating. Some of these include but are not limited to: profitability/loss trend, evaluating the level of delinquent loans, charge-offs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), historical data and liquidity.

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