Overview / Commentary
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) 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
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional 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 | 0.86% |
| Return on Equity - YTD | 7.95% |
| Annual Interest Income | $1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $95.2MM$93.3MM |
| Loans | Q1 2025vs Q1 2024 | $56.9MM$62.7MM |
| Deposits | Q1 2025vs Q1 2024 | $81.4MM$80.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $10.2MM$9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $290K$374K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $254K$186K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |