Mix room temperature cream cheese and creamy peanut butter in a mixing bowl using a hand mixer until smooth (2-3 minutes).

Gradually sift in powdered sugar, salt, and vanilla extract, mixing until incorporated (1-2 minutes) to form a thick dough.

Scoop about 1 tablespoon of the mixture and roll into a ball. Repeat to form about 20 uniform balls.

Place balls on a parchment-lined sheet and chill in the refrigerator for at least 60 minutes until firm.

Melt semi-sweet chocolate chips and coconut oil in a microwave-safe bowl in 30-second intervals until smooth (1-2 minutes).

Dip each ball into melted chocolate using a fork, allowing excess to drip off before placing back onto the parchment sheet.