Sep, 30, 2025 — KEMBA ROANOKE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, VA with 2 branch locations and about $76.84 million in total assets. Opened 91 years ago in 1935, KEMBA ROANOKE FEDERAL CREDIT UNION has about 4,733 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KEMBA ROANOKE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2812 W MAIN ST SALEM, VA 24153 |
| Phone: | (540) 387-5267 |
| Fax: | (540) 387-2854 |
| Website: | https://www.kembafcu.org |
| Branches: | 2 branch locations |
| Members: | 4,733 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 107 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $76,836,001 |
| CEO/Manager: | ALLAN DAVIDSON |
| Chairperson: | GARRETT PAGANS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,130,349 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,979,960 |
| Unsecured Loans | 3,466,808 |
| Other Loans | 12,522,085 |
| TOTAL LOANS | 23,968,852 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -137,605 |
| Land And Building | 939,472 |
| Other Fixed Assets | 46,938 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 607,995 |
| All Other Assets | 0 |
| TOTAL ASSETS | 76,836,001 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -517,303 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,258,970 |
| Regular shares | 19,191,508 |
| All Other Shares & Deposits | 36,636,158 |
| TOTAL SHARES & DEPOSITS | 65,086,636 |
| TOTAL LIABILITIES | 64,569,333 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,266,668 |
| TOTAL EQUITY | 12,266,668 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 76,836,001 |
| INCOME & EXPENSE | |
| Loan Income | 1,246,334 |
| Investment Income | 1,049,911 |
| Other Income | 108,137 |
| Total Employee Compensation & Benefits | 683,220 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,017,275 |
| Non-operating Income & (Expense) | 110,380 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 92,361 |
| Cost of Funds | 583,618 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 358,801 |
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