Salem VA Credit Union

Twelve employees of the facility placed $5 into a cigar box, in the hopes of achieving financial stability. In 2003 the charter was expanded to include to those who live, work, or worship in the cities of Salem, Roanoke, Vinton, as well as Roanoke County. In 2007 the credit union opened its first branch off of the VAMC campus, that branch is located in the Southwest Plaza on the corner of Route 419 and Grandin Road Extension.

Our Money Market Account (MMA) is an excellent account to put your emergency reserves or to park money you plan to invest later. By maintaining the minimum balance required you receive higher dividends than a regular share account. It's a safe investment too. Like all other accounts our Money Market Account is insured up to $250,000 by the National Credit Union Administration (NCUA).

Whether you're saving weekly or have a lump sum annual contribution, Salem VA Credit Union offers a wide range of IRA options to meet your needs. Traditional IRAs are powerful tools in creating a balanced, long-term savings plan that will help provide safety and security for you and your family for years to come.

Protect your debit card with custom settings from the FREE CardValet app on your mobile device. Available for Apple and Android. Set spending limits and monitor what spending is for, such as gas, hotel, travel, restaurants, or groceries. Restrict transactions to certain locations or within a certain range using your mobile device's GPS.

Accounts will be charged the standard Overdraft fee of $35.00 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic item that is paid and $35.00 for items returned. An overdrawn balance must be repaid within 32 days.

We may not pay items under your overdraft privilege if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty-two (32) day period for a minimum of 24 hours, if you default on any loan or other obligation to Salem VA Federal Credit Union or if your account is subject to any legal or administrative order or levy.