Salem VA Credit Union (VA)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.25%	5-year CD	60 Month CD 1.85% - Synchrony Bank 60 Month CD
0.35%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.25%	Savings	Regular Shares (Savings) 1.00% - Ally Bank Online Savings Account

View all Salem VA Credit Union (VA) rates »

Overview / Commentary

salemvafcu.org

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 51^st largest credit union in the state of Virginia. It is also the 1,782^nd largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 25 employees and 11,035 members at 3 locations. Salem VA Credit Union (VA) has a C+ 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

C+

Data as of Q2 2016

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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 Chartered	1936
Employees	25
Primary Regulator

Profit Margin
Return on Assets - YTD	0.28%
Return on Equity - YTD	3.87%
Annual Interest Income	$1.6MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$81.3MM$80.3MM
Loans	Q2 2016vs Q2 2015	$52.0MM$51.5MM
Deposits	Q2 2016vs Q2 2015	$72.9MM$71.9MM
Equity Capital	Q2 2016vs Q2 2015	$5.8MM$5.9MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$508.00K$534.00K
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$1.0MM$913.00K
Real Estate Owned	Q2 2016vs Q2 2015	$0$0

Rates

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CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.30%	-	-	IRA Share
0.30%	-	-	Coverdell ESA
0.30%	-	-	Roth IRA Share
0.25%^*	$5k^*	-	Regular Shares (Savings)
OTHER TIERS: 0.10% → Up to $5k
0.15%	-	-	Vacation Club
0.15%	-	-	Christmas Club
0.15%	-	-	Eagle's Nest Kids Club

Salem VA Credit Union (VA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1k	-	60 Month CD
1.06%	$1k	-	48 Month CD
0.75%	$1k	-	36 Month CD
0.55%	$1k	-	24 Month CD
0.35%	$1k	-	12 Month CD
0.25%	$10k	-	6 Month CD

Salem VA Credit Union (VA) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1k	-	60 Month IRA
1.06%	$1k	-	48 Month IRA
0.75%	$1k	-	36 Month IRA
0.55%	$1k	-	24 Month IRA
0.35%	$1k	-	12 Month IRA
0.25%	$10k	-	6 Month IRA

Locations

Salem VA Credit Union (VA) Locations
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