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Overview / Commentary
540-344-4419
1970 Roanoke Blvd Bldg 77, Rm 12
Salem, VA 24153

Salem VA Credit Union (VA) is headquartered in Salem and is the 50th largest credit union in the state of Virginia. It is also the 1,752nd largest credit union in the nation. It was established in 1936 and as of September of 2017, it had grown to 25 employees and 10,710 members at 3 locations. Salem VA Credit Union (VA) has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school, volunteer or worship in the county of Roanoke, the cities of Salem and Roanoke and the town of Vinton, Virginia.
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Health
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 VA Credit Union (VA) has a relatively low asset base.

Health Grade Components

Overall
NCUA #1127
Year Chartered1936
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.38%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$85.6MM$82.0MM
LoansQ3 2017vs Q3 2016$53.1MM$52.5MM
DepositsQ3 2017vs Q3 2016$76.7MM$73.5MM
Equity CapitalQ3 2017vs Q3 2016$5.6MM$5.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$534.00K$495.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$847.00K$1.1MM
Real Estate OwnedQ3 2017vs Q3 2016$67.00K$0
Rates

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Locations


Salem VA Credit Union (VA) Locations
Branch Office1970 Roanoke Blvd Bldg 77, Rm 12Salem, VA 24153
Branch Office2042 Electric RdRoanoke, VA 24018
Branch Office112 W Main StSalem, VA 24153