Salem Va Medical Center Credit Union

Salem Va Medical Center Credit Union is headquartered in Salem and is the 54^th largest credit union in the state of Virginia. It is also the 1,831^st largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 25 employees and 10,234 members. Salem Va Medical Center Credit Union has a 3-star health rating.

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Data for Q4 2011

Institution Statistics SALEM VA MEDICAL CENTER NCUA # 1127 BankRate Report View Year Chartered 1936 Employees 25 Primary Regulator Assets and Liabilities Assets $69.06 million Loans $39.07 million Deposits $60.65 million Equity Capital $6.17 million Loan Loss Allowance $275,000 Unbacked Noncurrent Loans $1.89 million Historic Data - December 2010 Assets $68.25 million Equity Capital $6.34 million Loan Loss Allowance $184,000 Unbacked Noncurrent Loans $2.01 million Profit Margin - Quarterly Net Interest Margin 6.73% Return on Assets 0% Return on Equity 0.03% Interest Income $3.09 million Non-Interest Income $728,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Salem Va Medical Center Credit Union had $1.89 million in non-current loans and owned real-estate with $6.45 million in equity and loan loss allowances on hand to cover it. This gives Salem Va Medical Center Credit Union a Texas Ratio of 29.27% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Salem Va Medical Center Credit Union held steady from 30.75% as of December 31, 2010 to 29.27% as of December 31, 2011, resulting in a positive change of 4.80%.This indicates that the balance sheet and financial strength for Salem Va Medical Center Credit Union has held steady in recent periods. Deposit Growth In the past year, Salem Va Medical Center Credit Union has increased its total deposits by $548,000, resulting in 0.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Salem Va Medical Center Credit Union has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Salem Va Medical Center Credit Union has $69.06 million in assets with $6.45 million in equity, resulting in a capitalization level of 9.33%, which is average.

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