Credit union · NCUA insured
Salem School System Credit Union
A $2.2M credit union headquartered in Salem, IL, with 364 members and 1 branch in Illinois. Best rates: CDs 3.30% and savings 3.30% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Auto loans: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all). Credit cards: no rates found on its website.
- CDs—3.30%CD rates →
- Savings861.20%at $100,000Savings rates →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Salem School System Credit Union
Chartered on February 15, 1956, Salem School Credit Union has grown to serve approximately 500 members.
Based in Salem, Illinois, the institution operates as a cooperative association that makes loans to its members.
- Headquarters
- Salem Community High School, 1200 N Broadway Ave, Salem, IL 62881-4204
- NCUA charter
- 65346
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Military, government and schools
- Any regular employee of the specified school system districts in Marion County is eligible for membership.
Family and household
- Spouses and children living at home of eligible regular school system employees in Marion County qualify for membership.
Cost to join
- A lifetime membership fee of $5 is required upon joining.
- A minimum share deposit of $5 is required upon opening an account.
Branches
1 branch in Illinois
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Illinois
1 branch
- Main ConnectionMain officeSalem Community High School, 1200 N Broadway Ave, Salem, IL 62881Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 30.85% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.00% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.21% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $104 | $59 | — |
- CapitalNet worth ratio30.85%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.00%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.21%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$104Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Salem School System Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.