Kemba Roanoke Federal Credit Union is headquartered in SALEM and is the 58th largest credit union in the state of Virginia. It is also the 2,106th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 11 employees and 5,994 members at 2 locations. Kemba Roanoke Federal Credit Union's money market rates are 59% higher than the national average, and it has a B+ 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
Banking the way it should be!
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!!
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 107 |
| Year Chartered | 1935 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 2.1% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $62.1MM$61.4MM |
| Loans | Q4 2019vs Q4 2018 | $22.3MM$20.8MM |
| Deposits | Q4 2019vs Q4 2018 | $51.7MM$50.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $10.3MM$10.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $178.00K$193.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $253.00K$351.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |