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Freedom First Credit Union

Freedom First Credit Union
Where People Bank For Good. Serving the Roanoke and New River Valleys since 1956.
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Recent Posts

Freedom First Credit Union The Truth About 0% Auto Loans

Buying a new car is exciting. All the way up until talking price with the dealer. This is where confusion sets in, and excitement quickly turns into frustration. You think you’re getting a good deal, but are you?

One of the most misleading promotions you find at dealerships is the 0% APR offer. Paying no interest sounds great. You could save a bundle of money. So how can it not be the best decision? Let’s have a look comparing the 0% APR offer vs. a Cash Back Offer.


Freedom First Credit Union What Not To Do With Your IRS Tax Refund

When you receive your tax refund, learning how to spend it wisely is your best bet. But you should also learn some of the ways you shouldn't be using it. Below, we've provided you with ideas on how to use your IRS tax refund and some ways you should avoid.


Freedom First Credit Union Ensure Your Goals with Quarterly Financial Check-Ups

You probably have some type of financial goal you’re looking to achieve. It may be a short-term goal to raise money for a family vacation or a long-term goal of saving a bit from each paycheck to place into a retirement account. In order to reach your goals and prevent them from simply becoming a wish requires you to work at them constantly.

While it’s common to review your finances annually with your financial advisor or on your own, this may prove to be a financial mistake. Too much can happen during the year to completely derail your financial plans, especially with unexpected expenses that always seem to pop up.


Freedom First Credit Union What is a Good Credit Card Rate?

It’s easy to fall for tempting credit cards offering exciting reward options. People are lured to them all the time. Unfortunately, when they do, they often get locked into exceedingly high-interest rates.

We want you to have a better understanding of credit card rates. Then you can make informed decisions about whether or not a credit card offer is simply “too good to be true” based on the interest rates you’ll pay to earn these rewards.


Freedom First Credit Union The Benefits of Using Your Tax Refund as a Car Down Payment

It’s always a good plan to set some money aside to use as a down payment when financing a new or “new to you” car. As a general rule, you’ll want to pay 20 percent of the vehicle’s value as a down payment for a new car and 10 percent as a down payment for a used vehicle. This makes tax season an excellent time to shop for a car and use your tax refund as part of your down payment.


Freedom First Credit Union New Economic Impact Payments

We are pleased to announce that the Internal Revenue Service (IRS) has begun sending Economic Impact Payments to eligible individuals. The stimulus checks are expected to hit accounts this week.


Freedom First Credit Union How Do I Give Myself an End-of-Year Financial Review?

Q: With 2020 drawing to a close, I’d love to give myself an end-of-year financial review before it goes.  Where do I begin?

A: Giving yourself an end-of-year financial review is a wonderful way to check on the progress you’ve made toward your goals, highlight areas needing improvement and update your accounts, funds and investments. Here’s all you need to know about this important end-of-year ritual.


Freedom First Credit Union The Benefits of Using Mobile Payments

Why fumble for your wallet at checkout when you can just pay by using your phone?

With many Americans owning smartphones, contactless payments by digital wallet and mobile payment apps are now more popular than ever. Contactless payment is also becoming increasingly available at checkout counters across the country, with six in every 10 retailers accepting digital payments, according to research by the National Retail Federation.

Switching over to paying for your daily purchases with a digital wallet is simple. You’ll need to choose between popular mobile payment apps, like Google Pay, Apple Pay and Samsung Pay. All of these apps are similar, but Google Pay is your app of choice for all Android phones, Apple Pay works with recent Apple devices, and Samsung Pay offers the widest acceptance of all digital wallet apps. Once you’ve downloaded the app, you’ll need to load your credit union credit and debit card information and then finish setting up the app with your personal authentication process. When this step is complete, your app is ready for use.

Here are some of the benefits of using mobile payments.


Freedom First Credit Union Keeping the Cheer in the Holidays this Year

‘Tis the season to be jolly, but many of us may be feeling grinchy this year. With the pandemic still a looming threat to our health and happiness, the economy still a mess, and so many of our favorite seasonal activities canceled, getting into the holiday spirit can be challenging.

Lucky for you, we’ve compiled a list of tips and strategies to help you keep the cheer in the holidays this year, even during COVID-19.


Freedom First Credit Union Tracking Holiday Spending Keeps Seasonal Stress Down

Nothing is more heartwarming than seeing your loved ones’ faces light up when they open that perfect gift you gave them.

The holidays will look different this year due to the COVID-19 pandemic, which is why most people will try even harder to make the season brighter for others. But, you don’t have to dip into your kid’s college savings to create a special time for everyone!

The most important thing to remember is to plan ahead: Have a set spending amount for gifts, wrap, entertaining, donations and travel.


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