Salem VA Credit Union (VA)


Overview / Commentary
540-344-4419
112 W Main St
Salem, VA 24153

Salem VA Credit Union (VA) is headquartered in Salem and is the 47th largest credit union in the state of Virginia. It is also the 1,878th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 25 employees and 7,978 members at 3 locations. Salem VA Credit Union (VA) has a B+ health rating.

Field of Membership Restrictions

Membership in Salem VA Credit Union is open to those who work, worship or live in the city of Salem, the town of Vinton, Roanoke City or Roanoke County in Virginia.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
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
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD7.95%
Annual Interest Income$1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$95.2MM$93.3MM
LoansQ1 2025vs Q1 2024$56.9MM$62.7MM
DepositsQ1 2025vs Q1 2024$81.4MM$80.7MM
Equity CapitalQ1 2025vs Q1 2024$10.2MM$9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$290K$374K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$254K$186K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Sorry, we do not have rate data for Salem VA Credit Union (VA).

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.