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Overview / Commentary
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 1,760th largest credit union in the nation. It was established in 1936 and as of June of 2017, it had grown to 28 employees and 10,796 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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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

NCUA #1127
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD0.04%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$85.9MM$81.3MM
LoansQ2 2017vs Q2 2016$53.6MM$52.0MM
DepositsQ2 2017vs Q2 2016$77.2MM$72.9MM
Equity CapitalQ2 2017vs Q2 2016$5.6MM$5.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$545.00K$508.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$937.00K$1.0MM
Real Estate OwnedQ2 2017vs Q2 2016$67.00K$0

Rates for Salem VA Credit Union (VA) are currently being reviewed.


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