Salem VA Medical Center Credit Union | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Salem Va Medical Center, a trusted financial partner serving the Salem community since 1936. Located at 112 W Main St, Salem, VA 24153, our branch is dedicated to providing personalized banking solutions that meet the needs of our 8,230 members. With total assets of $91,059,451 and total deposits reaching $2,511,369, we pride ourselves on fostering financial stability and growth for our members. At Salem Va Medical Center, we understand that every member's financial journey is unique. That's why we offer a wide range of services tailored to support you through every stage of life from checking and savings accounts to auto loans and credit cards with rewards. Under the leadership of our CEO, Steven Anderson, and Board President, Robert Brooks, our dedicated team of 24 employees is here to help you navigate your financial goals. While members can visit us at our branch location, official correspondence should be sent to the same address: 112 W Main St, Salem, VA 24153. For any inquiries or assistance, feel free to reach out to us at 540-389-8571 or send a fax to 540-389-8578. With a commitment to community impact and exceptional member service, we're proud of what we've built together. Whether you're looking for personal banking options or business services, we're here for you every step of the way. Explore our offerings today by visiting our website at salemvafcu.org. Join us in making your financial dreams a reality!

Branch History & Mission

Join Us

As we continue to grow and adapt to meet the evolving needs of our members, we invite you to experience everything Salem Va Medical Center has to offer. Discover how our dedicated team can assist you on your financial journey. Visit us today or contact us at 540-389-8571 for more information. Join our community where your dreams are supported and your voice matters!

Our Mission

At Salem Va Medical Center, our mission goes beyond just offering financial products; it's about making a real impact in our community. We believe in supporting local initiatives and partnerships that uplift those around us. By providing essential services like personal loans, mortgage refinancing, and business banking solutions, we aim to contribute positively to both your financial health and the overall prosperity of Salem. Our operating hours are designed with your convenience in mind: Monday through Friday from 8:00 AM to 5:00 PM, with extended drive-thru hours on Fridays until 6:00 PM. Additionally, we offer ATM access for quick withdrawals and balance checks.

Our Story

From modest beginnings, we have evolved into a cornerstone of support for our members. Located at 112 W Main St, Salem, VA 24153, we are conveniently situated near local landmarks that make us easily accessible to everyone in the area. Whether you're visiting us for personal banking, auto loans, or other financial services, you'll find a welcoming environment designed with your needs in mind. While members can visit us at 112 W Main St, official correspondence should be sent to the same address as our mailing address is identical. Over the years, we have embraced advancements in technology to better serve you. Our digital banking options include online banking and mobile payments that allow you to manage your finances anytime and anywhere. We also ensure our services are accessible by adhering to ADA compliance standards.

Branch Location & Accessibility

Call-to-Action

We invite you to come visit us at our Salem branch or give us a call at 540-389-8571 if you have any questions. Our team is ready to assist you with all your banking needs in a friendly and welcoming environment. Experience the difference today!

Operating Hours

We understand that life can be busy, which is why we strive to accommodate your schedule. Our lobby hours are Monday through Thursday from 8:00 AM to 5:00 PM and Friday from 8:00 AM to 6:00 PM. If you need quick transactions or cash withdrawals outside of regular hours, take advantage of our drive-thru service during those same times.

Parking and Accessibility

Our branch offers ample parking options for our members. We are committed to accessibility, featuring ADA-compliant entrances and ramps so everyone can easily access our services. You'll find it comfortable to navigate our space whether you're using a wheelchair or simply carrying bags.

Services Offered

At Salem Va Medical Center, we pride ourselves on offering a range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Our credit cards come with rewards to help you get more from your spending! Plus, enjoy the convenience of online and mobile banking.

Member Eligibility

Becoming a member of Salem Va Medical Center is like joining a family that truly cares about your financial well-being. If you're looking to become part of this supportive community, you'll be pleased to know that eligibility is straightforward and welcoming. Generally, individuals who live, work, worship, or attend school in the area are invited to join us. It's all about building connections and supporting one another! For those interested in the specifics of eligibility, you can find detailed informati. Opening an account is just as easy as becoming a member. Our team at Salem Va Medical Center, located at 112 W Main St Salem Va 24153, is ready to assist you through the process. Whether you prefer a friendly chat over the phone at (540) 389-8571 or visiting us during our convenient hours, we're here for you. Don't miss out on the benefits that come with being part of our credit union family! To get started on opening your account, check out this link: https://www.loanliner.com/loanrequest/presenter/loanlist/04503406/841?isframed=f&cuid=04503406&loanlistid=841&channelid=5213819804111200556&locationid=2819145001085012705. We can't wait to welcome you!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine having a reliable partner when it comes to accepting payments and managing cash flow. Our merchant services provide practical solutions for businesses of all sizes, allowing you to focus on what you do best running your business. From credit card processing to electronic payments, we offer the tools you need to make transactions smooth and efficient. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses. Join us at Salem Va Medical Center, located at 112 W Main St Salem Va 24153, Salem, VA, and let's work together to build a brighter future for your business!

Tailored Loan Options

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. For those outside our membership, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. This means that whether you're a member or not, we are here to help you thrive.

Comprehensive List Of Services

Business Banking Services

If you're a business owner, you'll find value in our Business Banking services, which include Merchant Services & Business Loans tailored specifically for your needs. We aim to support local businesses in thriving through comprehensive financial solutions.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking features that let you manage your accounts anytime, anywhere. You can check balances, transfer funds, and even pay bills from the comfort of your home or on-the-go using our mobile app. Need cash? Our ATM & Cash Withdrawal Services provide easy access to your funds whenever you need them. Plus, with our Drive-Thru Banking, completing basic transactions like deposits and withdrawals has never been easier.

Credit Card Rewards

Our Credit Cards with Rewards program allows you to earn points on everyday purchases, turning your spending into rewards that can be redeemed for travel, merchandise, and more. It's a simple way to make the most out of your financial transactions.

Personal Banking Solutions

We understand that personal banking is about more than just numbers; it's about your life and goals. Our Checking and Savings Accounts offer easy access to your funds while helping you save for what matters most. If you're considering purchasing a new car, our Auto Loans & Vehicle Financing options are designed with competitive rates and flexible terms to make your dream vehicle a reality. For those looking to own their home, our Mortgage Loans & Refinancing services can help you navigate the journey of homeownership with confidence. We also offer Personal Loans & Debt Consolidation solutions to assist you in managing expenses or consolidating debt into one manageable payment.

Your Trusted Partner

At Salem Va Medical Center, we believe that banking should fit seamlessly into your life. That's why we are committed to ensuring that all our services whether it's basic ATM access or personal consultations are designed with your convenience in mind. Ready to take the next step? Contact us at (540) 389-8571 or visit us at 112 W Main St Salem Va 24153 in Salem, VA. Explore how we can support your financial journey today!

Digital & Online Banking

Key Features

With our online banking, you can easily check your balances, transfer funds, and pay bills without the need to visit a branch. If you're looking for an efficient way to send money to friends or family, our person-to-person transfer feature makes it simple and quick. Need to make a purchase? Enjoy the freedom of mobile payments right from your phone. Security is always a top priority at Salem Va Medical Center. While we currently do not offer electronic signature authorization, you can feel safe knowing that your personal information is protected through secure channels. Plus, if you prefer going paperless, we offer e-statements that allow you to view your account activity at any time helping you keep track of your finances without clutter.

Mobile App Convenience

For those who prefer managing their finances on their smartphones, our mobile application brings all these features directly to your fingertips. You can access account information, deposit checks remotely, and make payments all while enjoying a user-friendly experience designed for ease of use. In today's fast-paced world, staying connected with your finances shouldn't be complicated. That's why Salem Va Medical Center provides all the tools you need for real-time account management and accessibility. Explore more about our digital services today by visiting https://www.salemvafcu.org/ your financial journey starts here!

Financial Strength

At Salem Va Medical Center, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share the strong financial position we maintain, which underscores our commitment to providing you with the best possible services. 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 11.71% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. 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. 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 lending capacity is robust, with $942 in used auto loans and $61,641,102 in total loans and leases available to support your financial goals across various sectors. Our operational efficiency shines through with a net income of $160,977, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 21 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments) stand at $761,580, while the Total Share Accounts number reaches 13,849, showing a strong and growing member base that trusts us with their finances. 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 112 W Main St Salem Va 24153 or call (540) 389-8571 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

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. We provide flexible terms and competitive rates that make financing your vehicle easy and accessible.

Credit Lines

For those who need a bit more flexibility, our credit lines provide quick access to funds when you need them most, totaling $8,000,000 available for our members. This product is ideal for managing cash flow or funding personal projects without the hassle of applying for multiple loans. If you're considering refinancing any current loans or exploring eligibility options for our products, we're here to guide you every step of the way. For more information about our loan offerings or assistance with your application process, please feel free to reach out at (540) 389-8571. Our team is ready to help you find the right financial solution tailored just for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today at Salem Va Medical Center, where your financial well-being is our priority!

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. Whether you're a first-time buyer or looking to refinance an existing mortgage, we have solutions that can meet your needs.

Unsecured Credit Card Loans

Managing everyday expenses can be challenging, which is why 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. This option allows you to handle unexpected costs while enjoying the benefits of rewards and cash-back offers.

Loan Aggregator

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How LendMesh Ensures Accurate Loan 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 means that all loan offers displayed are fair and transparent, as they come from reputable sources committed to ethical lending practices.

SALEM VA MEDICAL CENTER FEDERAL CREDIT UNION - Salem, VA

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