Salem VA Credit Union (VA)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.76% | 5-year CD | 60 Month CD |
| 0.75% | 1-year CD | 12 Month CD |
| 0.25% | Savings | Regular Shares (Savings) |
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
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1127 |
| Year Chartered | 1936 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 4.97% |
| Annual Interest Income | $766.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $84.8MM$85.0MM |
| Loans | Q1 2018vs Q1 2017 | $50.9MM$52.9MM |
| Deposits | Q1 2018vs Q1 2017 | $75.6MM$76.3MM |
| Equity Capital | Q1 2018vs Q1 2017 | $5.7MM$5.6MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $475.00K$557.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $565.00K$1.2MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $66.00K$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.
Salem VA Credit Union (VA) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.45%* | $25k* | - | Money Market Shares | ||
| OTHER TIERS: 0.35% → $10k - $25k | |||||
Salem VA Credit Union (VA) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
| 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 |