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Salem VA Medical Center Federal Credit Union

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Salem VA Medical Center Federal Credit Union Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Salem VA Medical Center Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 17, 2026

You can compare Salem VA Medical Center Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 2.68%, 6-month share certificate rates at 0.15% and 3-month share certificate rates at 2.75%. Savings rates are at 0.10% and money market rates are at 0.05%. Mortgage rates on 30-year fixed loans are around 5.98%. All these rates can be compared to Salem VA Medical Center Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Salem VA Medical Center Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.02%. Rates were last updated on 04/17/2026.

Salem VA Medical Center Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Salem VA Medical Center Federal Credit Union? Share your experience about Salem VA Medical Center Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Salem VA Medical Center Federal Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.02%

Excellent Lower than avg

Salem VA Medical Center Federal Credit Union
Salem Branch

112 W Main St
Salem, VA 24153

https://www.salemvafcu.org

Salem VA Medical Center Federal Credit Union Credit Card Rates

Product	Rate	APR	View More
Mastercard	-	13.50%
Details Regular APR: 13.5% Last Updated 04/11/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.02%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Salem VA Medical Center Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Salem VA Medical Center Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Salem VA Medical Center Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Salem VA Medical Center Federal Credit Union

Website https://www.salemvafcu.org

Address 112 W Main St, Salem, VA 24153

Phone 540-389-8571

Fax 540-389-8578

President Robert Brooks

CEO Steven Anderson

Full-Time Employees 24

Part-Time Employees 3

Branch Locations 3

ATM Locations 3

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.02%

Return on Assets (ROA)

0.7310%

Return on Equity (ROE)

5.8331%

Non-Performing Loans Ratio (NPL)

0.22%

Total Assets

92,993,479

Total Amount of Shares and Deposits

79,316,146

Total Shares and Deposits < 1 Year

77,988,010

Total Shares and Deposits 1 3 Years

890,527

Total Shares and Deposits > 3 Years

437,609

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

2,024,325

Total Uninsured Shares and Deposits > $250K (F+J)

2,024,325

Total Insured Shares and Deposits > $250K (item 17 less item K)

77,291,821

Total Interest Expense (Sum of items 6 8)

366,298

Share Certificates

255

Number of Accounts for Share Drafts

4,525

IRA KEOGH Accounts

231

Number of Accounts for Regular Shares

7,850

All other shares

426

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

679,739

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

608,079

Total Liabilities

82,361,287

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Frequently Asked Questions About Salem VA Medical Center Federal Credit Union

Is Salem VA Medical Center Federal Credit Union a safe place to deposit money?

Yes, Salem VA Medical Center Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 1.0228298590254%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Salem VA Medical Center Federal Credit Union operate?

Salem VA Medical Center Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Salem VA Medical Center Federal Credit Union?

Yes, to access services at Salem VA Medical Center Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Salem VA Medical Center Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Salem VA Medical Center Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Salem VA Medical Center Federal Credit Union offer online and mobile banking?

Most modern institutions like Salem VA Medical Center Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.salemvafcu.org.