Overview / Commentary
Salem School System Credit Union is headquartered in Salem and is the 164th largest credit union in the state of Illinois. It is also the 4,226th largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 1 employees and 371 members at 1 location. Salem School System Credit Union has a B 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.
See current membership details
Health
B
Data as of Q1 2025
Learn why bank health mattersAdditional 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
| Overall | |
|---|---|
| NCUA # | 65346 |
| Year Chartered | 1956 |
| Employees | 1 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.25% |
| Return on Equity - YTD | 7.19% |
| Annual Interest Income | $34K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $2.1MM$2MM |
| Loans | Q1 2025vs Q1 2024 | $1.7MM$1.6MM |
| Deposits | Q1 2025vs Q1 2024 | $1.5MM$1.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $662K$632K |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $14K$11K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $27K$30K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |