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 1,780th largest credit union in the nation. It was established in 1936 and as of March of 2018, it had grown to 24 employees and 10,499 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.
See current membership details

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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
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD4.97%
Annual Interest Income$766.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$84.8MM$85.0MM
LoansQ1 2018vs Q1 2017$50.9MM$52.9MM
DepositsQ1 2018vs Q1 2017$75.6MM$76.3MM
Equity CapitalQ1 2018vs Q1 2017$5.7MM$5.6MM
Loan Loss AllowanceQ1 2018vs Q1 2017$475.00K$557.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$565.00K$1.2MM
Real Estate OwnedQ1 2018vs Q1 2017$66.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Salem VA Credit Union (VA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Share
0.25%*$5k*-Regular Shares (Savings)
OTHER TIERS: 0.10% Up to $5k
0.15%--Vacation Club
0.15%--Christmas Club

Salem VA Credit Union (VA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$25k*-Money Market Shares
OTHER TIERS: 0.35% $10k - $25k

Salem VA Credit Union (VA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$1k-60 Month CD
1.66%$1k-48 Month CD
1.16%$1k-36 Month CD
1.06%$1k-24 Month CD
0.75%$1k-12 Month CD
0.65%$10k-6 Month CD

Salem VA Credit Union (VA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$1k-60 Month IRA
1.66%$1k-48 Month IRA
1.16%$1k-36 Month IRA
1.06%$1k-24 Month IRA
0.75%$1k-12 Month IRA
0.65%$10k-6 Month IRA
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

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