Salem VA Medical Center Credit Union Roanoke | Affordable Auto Loans & Mobile Banking

Introduction

Welcome to Salem Va Medical Center, your trusted financial partner located at 2042 Electric Rd, Roanoke, VA 24018. Established in 1936, our credit union has been dedicated to serving our community for over 85 years. With a robust membership of 8,230 and total assets exceeding $91 million, we pride ourselves on being a reliable source for your banking needs. At Salem Va Medical Center, we understand that financial decisions can be overwhelming. That's why we're here to provide personalized service and expert guidance tailored to your unique situation. Our experienced team is led by CEO Steven Anderson and Board President Robert Brooks, both committed to ensuring that you receive the best possible support. We offer a range of services designed with you in mind, including personal banking options like checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. With total deposits of $2,511,369 and a net worth of $10,665,337, our strong financial foundation allows us to serve you effectively. While members can visit us at our branch location for in-person assistance, official correspondence should be sent to the same address: 2042 Electric Rd, Roanoke, VA 24018. For any inquiries or assistance, feel free to reach out to us at 540-776-1031 during our operating hours from 8:00 am to 5:00 pm, Monday through Friday. Join us as we continue to build a brighter financial future together. Visit our website at salemvafcu.org for more information or stop by our branch today!

Branch History & Mission

Community Focus

As part of our dedication to service, we also emphasize customer-centric initiatives, including mobile banking and online services that allow you to manage your accounts anytime, anywhere. We prioritize ADA compliance as well, ensuring that everyone can access our services comfortably. We're not just a credit union; we're part of the fabric of Roanoke. Through various initiatives, we contribute positively to local events and programs that help foster growth and connection within the community.

Join Us Today

If you're looking for a financial partner that values both your needs and those of the community, look no further than Salem Va Medical Center. Experience firsthand how we're committed not only to enhancing your financial future but also supporting the greater good around us. Visit us today or give us a call at (540) 776-1031 we can't wait to welcome you into our family!

Our Mission

At Salem Va Medical Center, our mission goes beyond just providing financial services; it's about empowering our community. We aim to foster financial well-being through education and support, ensuring that each member has the tools they need to make informed decisions. We believe in giving back, which is why we actively participate in local outreach programs and partnerships that uplift those around us. Our commitment to accessibility is evident through our operating hours of 8:00 am - 5:00 pm, Monday through Friday, making it easy for you to find time to connect with us. Plus, with convenient ATM availability, managing your finances on-the-go has never been simpler. While members can visit us at 2042 Electric Rd Roanoke Va 24018, official correspondence should be sent to our mailing address at 2042 Electric Rd, Roanoke, VA 24018 if it differs from the branch address.

Branch Location & Accessibility

Welcome to Salem Va Medical Center! Conveniently located at 2042 Electric Rd Roanoke Va 24018 in the heart of Roanoke, Virginia, our branch is here to serve you with a friendly and welcoming atmosphere. Just a stone's throw away from popular local spots, accessing your financial services has never been easier. While members can visit us at 2042 Electric Rd Roanoke Va 24018, official correspondence should be sent to 2042 Electric Rd, Roanoke, VA 24018 if you need to reach us through the mail. Our location is designed with your convenience in mind, featuring ample parking and ADA-compliant accessibility options, including ramps for easy entry. Our dedicated team is available during our operating hours from 8:00 am to 5:00 pm, Monday through Friday. Whether you're stopping by for personal banking needs, looking to finance a vehicle, or exploring mortgage options, we're here to help you every step of the way. At Salem Va Medical Center, we understand that banking should fit seamlessly into your busy life. That's why we offer ATM services right on-site for quick cash withdrawals and balance checks. Unfortunately, we do not have drive-thru banking; however, our welcoming lobby is always ready to assist you personally. In addition to traditional banking services like checking and savings accounts, auto loans, and credit cards with rewards, we also provide online and mobile banking options for those who prefer managing their finances from anywhere. So why wait? Come visit us at Salem Va Medical Center today! For any questions or assistance before your visit, feel free to give us a call at (540) 776-1031. We look forward to welcoming you into our community!

Member Eligibility

Becoming a member of Salem Va Medical Center is like joining a friendly family that truly cares about your financial well-being. If you live, work, worship, or attend school in the Roanoke area, you're likely eligible to join us! We welcome individuals who share our community values and want to experience the personal touch that comes with being part of a credit union. Once you're a member, you'll enjoy access to a variety of financial services tailored just for you, from checking accounts to loans designed to help you reach your goals. To find out more about eligibility details, feel free to visit our website at where you'll get all the specifics you need. When you're ready to open an account, the process is straightforward just check out this link: https://www.loanliner.com/loanrequest/presenter/loanlist/04503406/841?isframed=f&cuid=04503406&loanlistid=841&channelid=5213819804111200556&locationid=2819145001085012705 . If you have any questions, don't hesitate to give us a call at (540) 776-1031. We're here to help you take this exciting step towards better banking!

Business Banking & Commercial Services

Commercial Loans Tailored for You

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Simplify Transactions

In addition to loans, we offer merchant services that make accepting payments easy and efficient. Imagine running your business without worrying about payment processing delays. Our solutions help streamline transactions so you can focus on what you do best serving your customers. Visit us at 2042 Electric Rd Roanoke Va 24018 in Roanoke, VA or call us at (540) 776-1031 to learn more about how our business banking services can help fuel your success!

Comprehensive List Of Services

ATM and Cash Withdrawal Services

Need quick access to cash? Our network of ATMs makes it easy for you to withdraw cash or check balances without stepping into a branch. With basic ATM access available at 419 Branch, you'll always have options when it comes to managing your cash flow. At Salem Va Medical Center, we believe banking should be personal and accessible. We invite you to explore our full range of services designed with your needs in mind. Whether you have questions about opening an account or need assistance with loans, don't hesitate to reach out! Visit us today at 2042 Electric Rd Roanoke Va 24018 or call us at (540) 776-1031 we're excited to help you on your financial journey!

Business Banking Support

For those running their own businesses, our Business Banking services are here to empower you. From merchant services that simplify payment processing to business loans that help expand operations, we're dedicated to supporting local businesses in achieving their goals.

Convenient Online & Mobile Banking

In today's busy world, convenience is key. That's why we offer Online & Mobile Banking, allowing you to manage your accounts anywhere at any time. Whether you need to transfer funds, pay bills, or check balances, everything is just a few taps away on your smartphone.

Credit Cards with Benefits

Looking for a way to earn rewards while making everyday purchases? Our Credit Cards with Rewards program allows you to accumulate points on every dollar spent, turning your shopping into benefits that can be redeemed later.

Financing Your Dreams

When it comes to larger purchases, such as vehicles or homes, we have tailored financing solutions just for you. Our Auto Loans & Vehicle Financing make it easy to get behind the wheel of your dream car with competitive rates and terms that fit your budget. Plus, if you're thinking about buying a home or refinancing your mortgage, our Mortgage Loans & Refinancing services provide options that suit various financial situations. If life throws unexpected expenses your way, our Personal Loans & Debt Consolidation can help lighten the load. We understand how overwhelming debt can feel, and we're here to guide you toward financial freedom.

Personal Banking Solutions

Managing your finances should be straightforward and stress-free. That's why we offer Personal Banking options like checking and savings accounts that help you keep track of your money while earning interest. Imagine having a savings account where you can easily set aside funds for emergencies or future goals our accounts are designed with that flexibility in mind.

Digital & Online Banking

Accessible and Real-Time Management

Managing your finances should be straightforward, and at Salem Va Medical Center, we aim to provide just that. Our online services ensure you have real-time access to your accounts without any hassle. Whether you're at home or out and about in Roanoke, staying connected to your finances has never been easier. In summary, with our robust digital banking offerings from online banking to mobile applications Salem Va Medical Center empowers you to take control of your financial journey with ease and security. Visit us today at https://www.salemvafcu.org/ to learn more about how we can support your financial needs!

Key Features for Your Convenience

Our online banking platform is user-friendly and packed with features to help you stay on top of your finances. You can enjoy the convenience of e-statements, allowing you to receive and manage your account statements electronically. This not only saves paper but also provides quick access to your financial information whenever you need it. Plus, if you ever need to send money to friends or family, our person-to-person transfer feature makes it simple and fast. For those who prefer banking on the go, our mobile application brings all these functionalities right to your fingertips. You can even make mobile payments directly from your phone, making transactions easier than ever before. And with enhanced security measures in place, including electronic signature authorization where applicable, you can feel confident that your information is protected.

Financial Strength

Committed Team for You

Our dedicated team comprises 21 full-time employees and 3 part-time employees who are always ready to serve you with knowledge and commitment. This strong team ensures that whenever you need assistance or guidance, we're here for you.

Growing Together

Total Share Accounts stand at 13,849, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) amount to $761,580, further highlighting our capability to support our community's needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Salem Va Medical Center is your trusted partner. Visit us at 2042 Electric Rd Roanoke Va 24018 or call (540) 776-1031 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $6,546,690 in share certificates and $3,389,524 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Reinvesting for Your Benefit

With $9,615,650 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our $1,049,687 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members.

Solid Financial Health

With a net worth of $10,665,337, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,171 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Supporting Your Financial Goals

We understand that borrowing is an essential part of achieving your dreams. That's why with $942 in used auto loans and $61,641,102 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $18,008,148 in used vehicle loans and $32,063,237 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, our financing options make it easy for you to drive away with confidence.

Credit Lines

Need additional funds for unexpected expenses? Our total credit lines amounting to $8,000,000 offer you the flexibility to borrow what you need when you need it. This can be a great option for those who want financial security without committing to fixed monthly payments. We are committed to helping our members find the best loan solutions tailored to their unique situations. If you're interested in refinancing or learning more about eligibility options, please reach out to us at (540) 776-1031 or visit us at our branch located at 2042 Electric Rd Roanoke Va 24018 in Roanoke, VA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At Salem Va Medical Center, we're here to guide you through every step of your borrowing journey let's work together towards achieving your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $4,443,325, make buying or refinancing simple. We aim to provide competitive rates and personalized service to ensure you find the right fit for your home financing needs.

Unsecured Credit Card Loans

Managing everyday expenses can sometimes be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $1,957,095 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits that make your spending work for you.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. Users can feel confident knowing their options are reliable. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. Each comparison reflects true market conditions without influence from marketing dollars. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users make informed decisions quickly and effectively. You won't miss out on great offers due to outdated information. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback highlights the effectiveness and reliability of LendMesh as a loan comparison tool. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This ensures that users receive fair and transparent offers every time they search for a loan. By relying on verified financial institutions, LendMesh guarantees that the information you see is not only current but also trustworthy.

SALEM VA MEDICAL CENTER FEDERAL CREDIT UNION