Greater Salem Employees Federal Credit Union


10 Colonial Rd Ste 1a
Salem, MA 01970
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Notable Rates APY Vs.Others
Savings N.A. 1.02% →
1-Year CD N.A. 1.45% →
2-Year CD N.A. 2.86% →
5-Year CD N.A. 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Greater Salem Employees is an NCUA insured institution located in Salem, MA. It was founded in 1940 and has approximately $17.16 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 4201
Date Established 1940
Assets $17.16 million
Loans $4.08 million
Deposits $16.23 million
Capital $0.91 million

Deposit Rates - May 23, 2022

Your Current Location: Virginia, VA 20146

We do not yet have rates for Greater Salem Employees

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Loan Rates - May 23, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for GREATER SALEM EMPLOYEES

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
6.077% 5.990% 0.75 $2,325 $1,498 Learn More
Rocket Mortgage
NMLS ID: 3030
6.002% 5.875% 0.88 $3,438 $1,479 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

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Below are Greater Salem Employees branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Greater Salem Employees Locations

Climate Initiatives

GREATER SALEM EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Greater Salem Employees Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Greater Salem Employees. 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
Greater Salem Employees U.S. Average
2.07% 4.85

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 December 31, 2021, Greater Salem Employees had $6,216 in non-current loans and $13,000 in owned assets. To cover these potential losses it had $907,511 in net worth and $22,780 in loans loss reserves. That gives it a Texas Ratio of 2.07%.

Net Worth
Greater Salem Employees U.S. Average
5.28% 12.36%

Greater Salem Employees FCU has a net worth of 5.28% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.


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