Salem VA Credit Union (VA)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.25%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.35%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.25%	Savings	Regular Shares (Savings) 1.20% - Synchrony Bank High Yield Savings

View all Salem VA Credit Union (VA) rates »

Overview / Commentary

salemvafcu.org

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 50^th largest credit union in the state of Virginia. It is also the 1,771^st largest credit union in the nation. It was established in 1936 and as of March of 2017, it had grown to 27 employees and 10,885 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+

Data as of Q1 2017

Learn why bank health matters

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 Chartered	1936
Employees	27
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.03%
Return on Equity - YTD	-0.5%
Annual Interest Income	$794.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$85.0MM$81.5MM
Loans	Q1 2017vs Q1 2016	$52.9MM$50.9MM
Deposits	Q1 2017vs Q1 2016	$76.3MM$73.1MM
Equity Capital	Q1 2017vs Q1 2016	$5.6MM$5.8MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$557.00K$571.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.2MM$935.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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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

APY	MIN	MAX	ACCOUNT NAME
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) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$10k	-	Money Market Shares

Salem VA Credit Union (VA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

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