TellerScore

Varex Federal Credit Union (NCUA charter #24773) is based in Salt Lake City, Utah. Its Q2 2026 call report shows $16.5M in total assets and $13.3M in member shares and deposits and 2 offices.

Varex Federal Credit Union has a TellerScore of 85 out of 100 (very strong) based on Q2 2026 data — higher than 77% of its 2,479 credit unions with under $100 million in assets. Among 51 credit unions headquartered in Utah, it ranks 10th. Capital cushion contributes the most (100/100, 19.05%); earnings contributes the least (36/100, 0.41%).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Net worth ratio: 19.05%
Loan quality98/100
Loans 60+ days delinquent ÷ total loans: 0.07%
Earnings36/100
Return on assets (annualized): 0.41%
Funding & liquidity89/100
Loans ÷ shares: 71.1% · 3.1% uninsured
Problem-loan coverage100/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 0.21%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (86 → 85).

TellerScore
778286Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202477
Q3 202481
Q4 202482
Q1 202584
Q2 202586
Q3 202584
Q4 202586
Q1 202685
Q2 202685
Net worth ratio
7.00%13.52%20.03%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 202418.28%
Q3 202419.02%
Q4 202419.08%
Q1 202519.36%
Q2 202519.47%
Q3 202520.03%
Q4 202518.48%
Q1 202618.40%
Q2 202619.05%
Delinquent loans (60+ days)
0.07%0.22%0.36%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20240.16%
Q3 20240.15%
Q4 20240.14%
Q1 20250.13%
Q2 20250.36%
Q3 20250.12%
Q4 20250.12%
Q1 20260.07%
Q2 20260.07%
Return on assets
-0.37%0.34%1.05%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 2024-0.37%
Q3 20240.13%
Q4 20240.25%
Q1 20250.53%
Q2 20251.05%
Q3 20250.59%
Q4 20250.55%
Q1 20260.38%
Q2 20260.41%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202685$16.5M19.05%0.07%0.41%71.1%
Q1 202685$17.0M18.40%0.07%0.38%69.4%
Q4 202586$16.8M18.48%0.12%0.55%70.6%
Q3 202584$15.4M20.03%0.12%0.59%82.3%
Q2 202586$15.9M19.47%0.36%1.05%80.8%
Q1 202584$15.7M19.36%0.13%0.53%79.5%
Q4 202482$15.8M19.08%0.14%0.25%79.7%
Q3 202481$15.7M19.02%0.15%0.13%79.1%
Q2 202477$16.1M18.28%0.16%-0.37%80.0%

2,479 peers · Under $100 million in assets

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio19.05%
74th
Problem loans0.07%
82nd
Net charge-offs0.25%
42nd
Return on assets0.41%
38th
Loans to deposits71.1%
31st
Uninsured deposits3.1%
35th
Loan-loss reserves0.00%
37th
Texas ratio0.2%
81st

Similar-size credit unions in Utah

InstitutionScoreAssetsCapitalProblem loansCompare
Devils Slide Federal Credit UnionCredit union Morgan, UT67 out of 100, Moderate$20.9M12.7%0.48%vs
C U P Federal Credit UnionCredit union Provo, UT70 out of 100, Strong$10.3M11.1%0.00%vs
P & S Credit UnionCredit union Salt Lake City, UT80 out of 100, Strong$24.9M12.1%0.02%vs
S E a Credit UnionCredit union Richfield, UT87 out of 100, Very strong$7.4M19.1%0.00%vs
Gibbons and Reed Employees Federal Credit UnionCredit union Salt Lake City, UT78 out of 100, Strong$6.5M17.6%1.47%vs
Hollyfrontier Employee'S Credit UnionCredit union Bountiful, UT69 out of 100, Moderate$6.0M32.1%1.50%vs

Deposit insurance

Is my money safe at Varex Federal Credit Union?

Yes. Varex Federal Credit Union is a federally insured credit union (NCUA charter #24773). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 3.1% of shares and deposits ($416K) are above the $250,000 NCUA insurance limit, close to the peer median of 1%. Insured balances are protected regardless of the score.

The net worth ratio is 19.05%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

2 locations

Branches

Varex Federal Credit Union lists 2 offices in 2 cities. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Varex Federal Credit Union
Type
Federal credit union
NCUA charter #
24773
RSSD ID
759698
Primary regulator
NCUA
Established
1967
Headquarters
1678 Pioneer Rd, Salt Lake City, UT 84104
Employees
4

Quick answers

Varex Federal Credit Union: common questions

Is Varex Federal Credit Union NCUA insured?

Yes. Varex Federal Credit Union is a federally insured credit union (NCUA charter #24773). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is Varex Federal Credit Union's TellerScore?

85 out of 100 (Very strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does Varex Federal Credit Union have?

2 offices as of the latest NCUA data.

Nearby

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InstitutionScoreAssetsCapitalProblem loansCompare
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