February 19, 2016 (Roanoke, VA) – Freedom First has released their new Community Impact Report that highlights the Credit Union’s accomplishments, innovative programs, and awards for 2014 and 2015. Freedom First is committed to serving a range of community and economic development goals through partnerships with local nonprofits, businesses, and governments.
“We are affecting real change in the community and improving the quality of life of families across the Roanoke and New River valleys,” said Dave Prosser, Senior Vice President of Community Development. “While many financial institutions measure their value in how much they keep, at Freedom First we measure our value in how me we give back and re-invest.”
Some of the programs discussed in the report include:
• The revitalization of Roanoke’s urban West End neighborhood, a collaboration and partnership among federal government, local government, private businesses, non-profits, religious organizations, and residents – led by the opening of Freedom First’s West End branch.
• An innovative loan program that enables students to afford training that leads to a tractor trailer CDL licensure, and then directly into jobs earning $30,000 to $40,000 per year. In two years, Freedom First has helped more than 70 students and issued nearly $290,000 in loans.
• A number of nationally recognized financial education programs, including Responsible Rides, an award-winning program that helps working families have access to affordable auto loans, as well as provides financial education and vehicle care and maintenance classes. In two years, Freedom First has helped 165 adults afford reliable transportation to be able to get to work; nearly 90 percent of those adults are female, single parents.
Freedom First makes a promise to each of its members; it is a financial institution Where People Bank for Good. Freedom First is dedicated to continuing its work in forming sustainable solutions for some of the region’s most persistent challenges. The report is available to read online or as a free download.