Federal credit union · SALT LAKE CITY, Utah · NCUA charter #24773
VAREX
Health score 84/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 84
- Health / 100
- $16.8M
- Total assets
- 1,162
- Members
- 18.4%
- Net-worth ratio
VAREX scores 84/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $16.8M; members 1,162; net-worth ratio 18.40%; health rank #2,060 of 4,374; healthier than 50th of scored peers.
5300 filing masthead
NCUA 5300 Call Report Masthead
#2,060 of 4,374 health · 2025Q4VAREX · health 84/100 · $16.8M · 2025Q4
- RANK 84/100
- PHOTO 18.4%
- BOOK 0.12%
- CHARTER 0.23%
- NCUSIF $16.8M
- CAMELS 1,162
- HEALTH #2,060/4,374
- NW Toledo Urban
- DELQ 24773
Call Report peers
VAREX in the assets neighbourhood
VAREX's $16.8M assets sit next to Toledo Urban ($16.8M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
VAREX vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
84 Top 50% higher than 50% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
VAREX - Share Insurance Coverage
Charter #24773's composite supervisory bracket and risk-based capital, as reported in the 2025Q4 NCUA Call Report. See our deposit-insurance coverage note for how NCUSIF protection works.
Peer-gap read for VAREX
- Loan-to-Share Ratio leads the peer set - 70.63% here, 59.80% peer average (+10.83 pp).
- Largest lag: Return on Assets at 0.23% vs peer 0.70% (-0.47 pp).
Peer averages are NCUA 5300 means for the $10M–$50M cohort (1163 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
VAREX in Utah
- Health composite ranks #29 of 53 among scored Utah credit unions.
- By total assets, VAREX is #41 of 53 in Utah.
- Member book place in Utah: #41 of 53.
In-state ordinals use the live credit_unions table for UT only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
VAREX Call Report trajectory
VAREX: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +0.9% from $16.8M (2025Q4) to $17.0M (2026Q1).
- Net-worth ratio shifted -0.08 pp (18.48% → 18.40%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
18.40% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
How the 84/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 84.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 11.0 pts
- Member Growth 3.4 pts
- Loan-to-Share Ratio 14.6 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 18.40% | +3.54 pp |
| Delinquency Rate | 0.12% | -1.03 pp |
| Return on Assets | 0.23% | -0.47 pp |
| Member Growth | -3.09% | - |
| Loan-to-Share Ratio | 70.63% | +10.83 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $10M–$50M (1163 CUs).
VAREX quarterly book
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $17.0M | - |
| 2025Q4 | $16.8M | 1,162 |
| 2024Q4 | $15.8M | 1,199 |
| 2023Q4 | $17.4M | 1,256 |
Credit Union Details
- Charter Number
- 24773
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $10M–$50M
- State
- Utah
- City
- SALT LAKE CITY
- Data Quarter
- 2025Q4
Branch Locations (2)
VAREX operates 2 offices across 2 cities, per its most recent NCUA branch filing.
| Office | City |
|---|---|
| Varex Federal Credit Union (Main Office) | Salt Lake City, UT |
| CMC Flex | Sandy, UT |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Utah
A look at other Utah credit unions, ranked by how closely their peer group and asset size match this one.
Cross-state Call Report peers for VAREX
VAREX's nationwide photo peers by assets and by health score, excluding Utah charters.
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($16.8M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (84/100 here).
Using this data
- VAREX ranks #2,060 of 4,374 nationally on financial health and #29 of 53 in UT -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Devils Slide is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Devils Slide
- Rates and health both vary by institution, not just by state -- see how Utah credit unions compare overall before assuming this one is typical. Utah state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is VAREX financially healthy?
A 18.40% net worth ratio and a 0.12% delinquency rate feed into VAREX's financial health score of 84/100 (Excellent), from NCUA 5300 Call Report data as of Q4 2025. On the national health ranking (same basis as /rankings/healthiest), it sits at #2,060 of 4,374; by total assets it ranks #3,248 of 4,374 nationally (same basis as /rankings/largest); and #41 of 53 within Utah. The scale: above 80 excellent, below 50 warrants closer monitoring.
How does VAREX compare to other credit unions?
Five weighted metrics from NCUA filings produce VAREX's 84/100 score on PlainCU's health composite, compared to a peer group average for $10M–$50M credit unions: net worth ratio (30%), delinquency rate (25%), return on assets (15%), member growth (15%), loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join VAREX?
VAREX operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact VAREX directly for the exact boundaries and application steps.
Is my money safe at VAREX?
Federal credit unions like VAREX are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. VAREX's net worth ratio of 18.40% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does VAREX offer compared to banks?
Credit unions like VAREX are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact VAREX directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.