Kemba Roanoke Federal Credit Union

Overview / Commentary
2812 W Main St
Salem, VA 24153

Kemba Roanoke Federal Credit Union is headquartered in SALEM and is the 59th largest credit union in the state of Virginia. It is also the 2,144th largest credit union in the nation. It was established in 1935 and as of June of 2020, it had grown to 11 employees and 5,929 members at 2 locations. Kemba Roanoke Federal Credit Union's money market rates are 59% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

KEMBA Roanoke Federal Credit Union is open to anyone in Virginia through joining the Virginia Consumer Council (no membership fee), and to employees, retirees or volunteers of one of the Select Employee Groups or Organizations.
See current membership details

Reviews (1)

Banking the way it should be!

Posted by: |

I absolutely love Kemba! I have been a member for more than 15 years now and even though I live in Texas now, I still mail my deposits to Kemba. The service I have received is the best in the industry. The staff has always been very polite and helpful and the credit union has been extremely understanding. A prime example, a number of years ago, the company my husband worked for went belly up. The paychecks the employees received the Friday before, bounced! I was devastated, I had already written check to pay my bills and I had already been to the grocery store. I just knew I was going to have bounced check fees on top of fees and I was afraid we would never dig out. The branch manager at Kemba made me feel so much better. She told me not to worry, they would cover all of the check I had written and would even make it where I could use my card for gas. Luckily my husband had another job in less than 24 hours but it was a very rough 2 weeks until he got another paycheck. Kemba continued to work with me through this period and I will be forever grateful. You do not get that kind of caring, compassion and service with large banks. It is due to this service that I remain a loyal customer. I would highly recommend Kemba Roanoke Federal Credit Union to anyone!!

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Kemba Roanoke Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #107
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD1.48%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$66.1MM$61.3MM
LoansQ2 2020vs Q2 2019$21.7MM$21.6MM
DepositsQ2 2020vs Q2 2019$55.6MM$50.9MM
Equity CapitalQ2 2020vs Q2 2019$10.4MM$10.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$154.00K$183.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$340.00K$270.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Kemba Roanoke Federal Credit Union Savings Account Rates

0.05%--Share Account
0.05%--Christmas Club
0.05%--Vacation Club

Kemba Roanoke Federal Credit Union Money Market Rates

0.70%*$100k*-Money Market Account
OTHER TIERS: 0.20% $2.5k - $50k | 0.50% $50k - $100k

Kemba Roanoke Federal Credit Union CD Rates

1.40%$500-5 Year Share Certificate
1.30%$500-4 Year Share Certificate
1.20%$500-3 Year Share Certificate
1.10%$500-2 Year Share Certificate
1.00%$500-12 Month Share Certificate
0.65%$500-6 Month Share Certificate

Kemba Roanoke Federal Credit Union IRA Rates

1.40%$2k-5 Year IRA Certificate
1.30%$2k-4 Year IRA Certificate
1.20%$2k-3 Year IRA Certificate
1.10%$2k-2 Year IRA Certificate

Kemba Roanoke Federal Credit Union Locations
Branch Office3403 CANDLERS MOUNTAIN RDLYNCHBURG, VA 24502-2221
Branch Office2812 W MAIN STSALEM, VA 24153

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