Valley Credit Union
2024 Overview
General Credit Union Information
Valley is an NCUA insured institution located in Salem, OR. It was founded in 1957 and has approximately $109.48 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 64169 |
| Date Established | 1957 |
| Assets | $109.48 million |
| Loans | $86.76 million |
| Deposits | $92.54 million |
| Capital | $13.96 million |
Field of Membership Restrictions
Membership is open to individuals and businesses that live or work in Marion, Polk, Yamhill and Linn Counties in Oregon.
Deposit Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month
|
1.75% | $500 | - |
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|
| 9 Months Special
|
4.50% | $500 | - |
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|
| 1 Year
|
2.00% | $500 | - |
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|
| 2 Year
|
2.25% | $500 | - |
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|
| 3 Year
|
2.50% | $500 | - |
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|
| 4 Year
|
2.60% | $500 | - |
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|
| 5 Year
|
2.70% | $500 | - |
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|
Loan Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Valley
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 3030 |
7.350% | 7.250% | 1.00 | $3,200 | $2,183 | Learn More |
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Valley
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Branches
Below are Valley branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
VALLEY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Financial Note
As of June 30, 2022, our net ratio ratio is 13.27% and our Texas Ratio is 4.26%.Valley Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Valley. 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
| Valley | U.S. Average |
|---|---|
| 6.26% | 6.97 |
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, 2023, Valley had $881,035 in non-current loans and $29,967 in owned assets. To cover these potential losses it had $13,958,531 in net worth and $584,666 in loans loss reserves. That gives it a Texas Ratio of 6.26%.
Net Worth
| Valley | U.S. Average |
|---|---|
| 12.74% | 13.62% |
Valley FCU has a net worth of 12.74% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
VALLEY's History
In 1930, Salem Postal Credit Union (SPCU) was formed to provide competitive and convenient financial services, while maintaining sound, financial practices. At first, SPCU served only members in Salem but in later years changes were made to allow postal employees in the 973xx zip codes to join.
In 1957, Salem General Credit Union was started to serve employees and family members of the hospital and in 1968 the name was changed to Salem Hospital Credit Union. In 1976, the field of membership was opened to other health care facilities and renamed Valley Health Credit Union (VHCU). In 1981, VHCU purchased the property at 2096 Mission and the credit union has been located here since that time.
In 1996, these two credit unions that were financially strong, engaged in the Salem Community and located within a mile of each other made the decision to merge their operations. Our current board and staff are proud to carry on the legacy that has been built during the past 90 years.
*All images, logos and public notes on this page appear courtesy of VALLEY and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
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