Salem VA Credit Union (VA) is headquartered in Salem and is the 48th largest credit union in the state of Virginia. It is also the 1,910th largest credit union in the nation. It was established in 1936 and as of September of 2024, it had grown to 21 employees and 8,230 members at 3 locations. Salem VA Credit Union (VA)'s money market rates are 5X the national average, and it has a B+ health rating.
Membership in Salem VA Credit Union is open to those who work, worship or live in the city of Salem, the town of Vinton, Roanoke City or Roanoke County in Virginia.
See current membership details
Overall | |
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NCUA # | 1127 |
Year Chartered | 1936 |
Employees | 21 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.53% |
Return on Equity - YTD | 14.42% |
Annual Interest Income | $3.2MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $91.1MM$94.6MM |
Loans | Q3 2024vs Q3 2023 | $61.6MM$62MM |
Deposits | Q3 2024vs Q3 2023 | $78MM$83.4MM |
Equity Capital | Q3 2024vs Q3 2023 | $9.7MM$8MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $329K$439K |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $310K$192K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Salem VA Credit Union (VA); we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $5k* | - | Regular Shares (Savings) | ||
OTHER TIERS: 0.05% → $5 - $5k | |||||
0.10% | $0 | - | IRA Share | ||
0.01% | $0 | - | Vacation Club | ||
0.01% | $0 | - | Christmas Club |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.22%* | $50k* | - | Money Market Shares | ||
OTHER TIERS: 1.41% → $10k - $25k | 1.61% → $25k - $50k |
Salem VA Credit Union (VA) Locations | ||
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Branch Office | 1970 Roanoke Blvd Bldg 77, Rm 12 | Salem, VA 24153 |
Branch Office | 2042 Electric Rd | Roanoke, VA 24018 |
Branch Office | 112 W Main St | Salem, VA 24153 |