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Salem VA Credit Union Salary

Salem VA Credit Union Salary

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As of August 2026, the average annual salary for employees at Salem VA Credit Union in the United States is $82,854. This translates to an approximate hourly wage of $40. Salaries at Salem VA Credit Union typically range from $72,676 to $93,893 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Salem VA Credit Union Pay for Different Roles?

Explore detailed salary information for specific jobs at Salem VA Credit Union. Based on our data, the highest paying job is the Laboratory Assistant, with an annual salary of $71,580. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Salem VA Credit Union’s Pay Competitive? Salary Benchmarking Analysis

How does Salem VA Credit Union's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
DNB Asset Management SA $107,463
+29.7%
Adjusted for higher cost-of-living indices in DNB Asset Management SA's primary metro hubs.
Devonshire Investors $99,056
+19.6%
Reflects structural premiums typical of Devonshire Investors's large-cap national operations.
Jackson River Community Credit Union $80,966
-2.3%
Confirms Jackson River Community Credit Union is a direct competitor vying for the exact same talent pool.
Access Education Holding Co $91,546
+10.5%
Supported by Access Education Holding Co's high-margin contracts allowing higher overhead.
Financial Services Industry $121,514
+46.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Salem VA Credit Union's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Salem VA Credit Union. Click a company name to learn more.

Employee Reviews: Working at Salem VA Credit Union

Considering a career at Salem VA Credit Union? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Despite having employees, the organization maintains agility, embracing cutting-edge technology and modern financial solutions. Compensation philosophy is transparent and fair. It's a decent job if you're looking for predictability without a lot of external pressure or frequent changes in direction. I’ve had multiple growth opportunities, and my contributions are recognized. Benefits, including he...
Commented in March 22, 2025
11
3
This financial services organization stands out for its progressive approach to banking and finance. Ergonomic assessments ensure comfortable workstations. For a company they ensure that hard work is recognized and rewarded appropriately. Sustainable business practices are operationalized.
Commented in December 19, 2024
42
3
Excellent mentorship and structured career path. Communication across the company is clear and consistent. I feel like I’m building a long-term career, not just doing a job. Leadership is accessible and promotes a positive, transparent work environment. The technology and tools provided are up-to-date.
Commented in September 03, 2024
27
1

Salem VA Credit Union Overview

Website
www.salemvafcu.org
Founded In
1936
Employees
<25 employees
Industry
Financial Services
Headquarter Address
2042 Electric Rd Roanoke Virginia VA 24018
Revenue
<$5 Million
Phone Number
+1 5407761031
Social Media
About Salem VA Credit Union
At Salem VA Credit Union, we make a promise to our members not only to provide them with excellent products and service, but to go above and beyond expectations. Our Member Promise, simply put is: We are committed to making a difference in the lives of our members and our community.

What Benefits Does Salem VA Credit Union Offer Beyond Salary?

A competitive compensation package is more than just a salary. Salem VA Credit Union offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Salem VA Credit Union?
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What Is the Cost of Living Near Roanoke?

Understanding the cost of living near Roanoke is key to truly evaluating a salary offer or your current compensation at Salem VA Credit Union.
Roanoke's Cost of Living Index is approximately 83.2 (16.8% less expensive than US average; 20.1% less than VA average). Blue Ridge Mountains city, very affordable. Valley Metro. When planning your budget based on a salary from Salem VA Credit Union, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Salem VA Credit Union salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (Valley Metro monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,990 - $3,220+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Salem VA Credit Union

1. What is the average salary for employees at Salem VA Credit Union?

The average annual total compensation for employees at Salem VA Credit Union is approximately $82,854. However, this is an aggregate figure, actual salaries can range significantly, typically from $72,676 to $93,893, depending on factors like job role, experience, and location.

2. How much does Salem VA Credit Union pay compared to DNB Asset Management SA?

The average annual salary at Salem VA Credit Union is $82,854, or an hourly wage of $40, in comparison to DNB Asset Management SA which pays $107,463 per year or $52 per hour.

3. What is the lowest salary at Salem VA Credit Union?

The lowest-paying job at Salem VA Credit Union is a Program Specialist with a salary of $39,788 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Salem VA Credit Union?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Salem VA Credit Union for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Salem VA Credit Union offer cost-of-living adjustments (COLA) for employees in high-cost areas like Roanoke?

While some companies offer formal COLA, many, including potentially Salem VA Credit Union, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Salem VA Credit Union?

Most companies, likely including Salem VA Credit Union, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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