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Overview / Commentary
Salem Community High School 1200 N Broadway Ave
Salem, IL 62881

Salem School System Credit Union is headquartered in Salem and is the 224th largest credit union in the state of Illinois. It is also the 5,379th largest credit union in the nation. It was established in 1956 and as of June of 2016, it had grown to 1 employees and 442 members at 1 location. Salem School System Credit Union's savings rates are 54% higher than the national average, but it has a C health rating.

Field of Membership Restrictions

Membership in Salem School System Credit Union is open to employees of the C-1 Raccoon, C-2 Kell, CC-7 Iuka, CC-10 Selmaville, 100 Patoka, 111 Salem Elementary, 133 Central City, 401 South Central, 501 Sandoval, 600 Salem High, or 722 Odin school districts in Marion County, Illinois.
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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. Salem School System Credit Union has a very low asset base.

Health Grade Components

NCUA #65346
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD0.77%
Annual Interest Income$45.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$2.4MM$2.3MM
LoansQ2 2016vs Q2 2015$1.4MM$1.1MM
DepositsQ2 2016vs Q2 2015$1.9MM$1.8MM
Equity CapitalQ2 2016vs Q2 2015$518.00K$514.00K
Loan Loss AllowanceQ2 2016vs Q2 2015$11.00K$22.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$91.00K$46.00K
Real Estate OwnedQ2 2016vs Q2 2015$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.

Salem School System Credit Union Savings Account Rates

0.80%*$20k*-Common Shares
OTHER TIERS: 0.10% Up to $500 | 0.50% $500 - $5k | 0.60% $5k - $10k | 0.70% $10k - $20k

Salem School System Credit Union Locations
Branch OfficeSalem Community High School 1200 N Broadway AveSalem, IL 62881-4204