Salem Va Medical Center Federal Credit Union
Headquarters
112 W Main St
Salem, VA 24153
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2024 Overview
General Credit Union Information
Salem Va Medical Center is an NCUA insured institution located in Salem, VA. It was founded in 1936 and has approximately $92.1 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 1127 |
| Date Established | 1936 |
| Assets | $92.10 million |
| Loans | $63.12 million |
| Deposits | $79.22 million |
| Capital | $10.36 million |
Field of Membership Restrictions
Membership is open to anyone living, working, going to school, volunteering or worshiping in the county of Roanoke, the cities of Salem and Roanoke and the town of Vinton, Virginia.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.10% | $1 | $499 | Learn More |
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Salem Va Medical Center
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
NMLS ID: 3029 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
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More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
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More Info |
Note to Salem Va Medical Center
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Branches
Below are Salem Va Medical Center branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Salem Va Medical Center Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 241.38 | A | View Lobby Hours | |
| 243.70 | B | View Lobby Hours | |
| 244.80 | C | View Lobby Hours |
Climate Policy and Initiatives
SALEM VA MEDICAL CENTER is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Salem Va Medical Center Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Salem Va Medical Center. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Salem Va Medical Center | U.S. Average |
|---|---|
| 4.62% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Salem Va Medical Center had $486,324 in non-current loans and $7,500 in owned assets. To cover these potential losses it had $10,356,694 in net worth and $335,587 in loans loss reserves. That gives it a Texas Ratio of 4.62%.
Net Worth
| Salem Va Medical Center | U.S. Average |
|---|---|
| 11.25% | 13.93% |
Salem Va Medical Center FCU has a net worth of 11.25% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Salem Va Medical Center
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