VAREX Credit Union Profile

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VAREX

Charter #24773 | NCUA Region 3 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (801) 973-5052

Fax: (801) 973-5142

Founding Date: N/A

Website: http://www.varexfederalcu.net

Personnel & Operations

President: Pistorius, Dave

Manager: Phillips, Tammy

FT Employees: 3

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 21

Branches: 1

Hours: MON-THURS 8:00 AM TO 4:30 PMFRIDAY 8:00 A

Credit Union Profile Summary

VAREX is a FCU Credit Union. With a total of 1,163 members [1], this institution manages approximately $15,905,453 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 19.47% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -1.51% [1].

Financial Snapshot

Total Assets [1]
$15,905,453

Total economic resources.

Total Loans [1]
$10,323,323

Total value of outstanding loans.

Total Deposits [1]
$12,783,330

Total funds deposited by members.

Members [1]
1,163

Number of active members.

Performance Ratios

Net Worth Ratio [1]
19.47%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.05%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
80.76%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
-1.25%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
-1.51%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
-3.57%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1678 PIONEER RD

SALT LAKE CITY, UT, 84104-4298

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by VAREX (Charter #24773).

Main Office

Varex Federal Credit Union Main Office

Type: Corporate Office

1678 Pioneer Rd

Salt Lake City, UT 84104-4298

Phone: (801) 973-5052

Services: Member Services

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