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Salem VA Credit Union (VA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.salemvafcu.org
540-344-4419
112 W Main St
Salem, VA 24153

Salem VA Credit Union (VA) is headquartered in Salem and is the 47th largest credit union in the state of Virginia. It is also the 1,878th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 25 employees and 7,978 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.

Field of Membership Restrictions

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

Reviews

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Health
B+

Data as of Q1 2025

Learn why bank health matters
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 - YTD0.86%
Return on Equity - YTD7.95%
Annual Interest Income$1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$95.2MM$93.3MM
LoansQ1 2025vs Q1 2024$56.9MM$62.7MM
DepositsQ1 2025vs Q1 2024$81.4MM$80.7MM
Equity CapitalQ1 2025vs Q1 2024$10.2MM$9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$290K$374K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$254K$186K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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.

Salem VA Credit Union (VA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$5k*-Regular Shares (Savings)
OTHER TIERS: 0.05% → $5 - $5k
0.01%$0-Vacation Club
0.01%$0-Christmas Club

Salem VA Credit Union (VA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%*$50k*-Money Market Shares
OTHER TIERS: 1.41% → $10k - $25k | 1.61% → $25k - $50k

Salem VA Credit Union (VA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%*$50k*-12 Month CD
OTHER TIERS: 3.60% → $1k - $25k | 3.70% → $25k - $50k
3.60%*$50k*-60 Month CD
OTHER TIERS: 3.00% → $1k - $50k
3.20%$1k-24 Month CD
3.10%$1k-36 Month CD
3.00%$1k-48 Month CD
2.90%*$50k*-6 Month CD
OTHER TIERS: 2.50% → $10k - $25k | 2.70% → $25k - $50k

Salem VA Credit Union (VA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%*$50k*-12 Month IRA
OTHER TIERS: 3.60% → $1k - $25k | 3.70% → $25k - $50k
3.60%*$50k*-60 Month IRA
OTHER TIERS: 3.00% → $1k - $50k
3.20%$1k-24 Month IRA
3.10%$1k-36 Month IRA
3.00%$1k-48 Month IRA
2.90%*$50k*-6 Month IRA
OTHER TIERS: 2.50% → $10k - $25k | 2.70% → $25k - $50k
0.10%$0-IRA Share
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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