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Overview / Commentary
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 50th largest credit union in the state of Virginia. It is also the 1,773rd largest credit union in the nation. It was established in 1936 and as of December of 2016, it had grown to 27 employees and 10,984 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.
See current membership details

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Health
C+
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 Chartered1936
Employees27
Primary Regulator
Profit Margin
Return on Assets - YTD0.07%
Return on Equity - YTD1.1%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$82.6MM$81.9MM
LoansQ4 2016vs Q4 2015$52.7MM$51.2MM
DepositsQ4 2016vs Q4 2015$73.9MM$73.6MM
Equity CapitalQ4 2016vs Q4 2015$5.5MM$5.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$535.00K$590.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.1MM$1.0MM
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates

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

Locations


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