Featured Savings Rates
Featured Accounts

Salem VA Credit Union (VA)

Popular Accounts at this Credit Union

1.25%5-year CD60 Month CD
0.35%1-year CD12 Month CD
0.25%SavingsRegular Shares (Savings)

Overview / Commentary
1970 Roanoke Blvd Bldg 77, Rm 12
Salem, VA 24153

Salem VA Credit Union (VA) is headquartered in Salem and is the 51st largest credit union in the state of Virginia. It is also the 1,779th largest credit union in the nation. It was established in 1936 and as of September of 2016, it had grown to 26 employees and 11,090 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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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 - YTD0.23%
Return on Equity - YTD3.2%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$82.0MM$80.2MM
LoansQ3 2016vs Q3 2015$52.5MM$51.3MM
DepositsQ3 2016vs Q3 2015$73.5MM$71.9MM
Equity CapitalQ3 2016vs Q3 2015$5.9MM$5.9MM
Loan Loss AllowanceQ3 2016vs Q3 2015$495.00K$555.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.1MM$1.3MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
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* 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

0.30%--IRA Share
0.30%--Coverdell ESA
0.30%--Roth IRA Share
0.25%*$5k*-Regular Shares (Savings)
OTHER TIERS: 0.10% Up to $5k
0.15%--Vacation Club
0.15%--Christmas Club
0.15%--Eagle's Nest Kids Club

Salem VA Credit Union (VA) CD Rates

1.25%$1k-60 Month CD
1.06%$1k-48 Month CD
0.75%$1k-36 Month CD
0.55%$1k-24 Month CD
0.35%$1k-12 Month CD
0.25%$10k-6 Month CD

Salem VA Credit Union (VA) IRA Rates

1.25%$1k-60 Month IRA
1.06%$1k-48 Month IRA
0.75%$1k-36 Month IRA
0.55%$1k-24 Month IRA
0.35%$1k-12 Month IRA
0.25%$10k-6 Month IRA

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