Salem VA Credit Union (VA)
Overview / Commentary
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 1,769th largest credit union in the nation. It was established in 1936 and as of December of 2017, it had grown to 26 employees and 10,500 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
Health
B
Data as of Q4 2017
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 | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 1.36% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $83.7MM$82.6MM |
| Loans | Q4 2017vs Q4 2016 | $52.3MM$52.7MM |
| Deposits | Q4 2017vs Q4 2016 | $74.6MM$73.9MM |
| Equity Capital | Q4 2017vs Q4 2016 | $5.6MM$5.5MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $517.00K$535.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $844.00K$1.1MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $66.00K$0 |
Rates
Sorry, we do not have rate data for Salem VA Credit Union (VA).
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 |