SVP Community Development, Freedom First CU (Roanoke, VA)
Dave Prosser is Senior Vice President of Community Development at Freedom First Credit Union (FFCU), where he has worked since 2004. Freedom First serves 22 counties across Southwest and Central Virginia, which includes 1.1M residents mostly representing rural markets. Freedom First has 11 branches, over 57,000 members and over $900 million in assets. Freedom First became s Certified Community Development Financial Institution (CDFI) in 2000 to better serve families in need.
Freedom First has long been a force for economic development in its investment area. Providing project development through grant funding, Dave deploys and oversees a comprehensive suite of Impact Banking products. These products include loans, financial services, and developmental services that provide credit-challenged, low- and very-low income consumers with continual access to financial security. Freedom First’s commitment to that effort is apparent in the products and programs designed specifically to meet the transportation, housing, workforce development, and economic revitalization efforts in its community. Freedom First also assists in the banking needs of those in the low- and middle-income market by addressing credit and asset building challenges through its Financial Empowerment Centers.
Dave is also the Executive Director of Freedom First Enterprises, a 501(c)(3) charitable organization under Freedom First’s umbrella that acts as a loan fund, financial provider, capital provider, and economic development driver in the Appalachia region. Through Freedom First Enterprises, Dave has developed a special focus on financial wellness and health equity in the region – specifically how financial stress can negatively impact physical and mental health.
Dave earned his Bachelor’s Degree in Business Administration from The Ohio State University and his Masters of Business (MBA) from Averett University.