Sep, 30, 2025 — VAREX FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $15.39 million in total assets. Opened 59 years ago in 1967, VAREX FEDERAL CREDIT UNION has about 1,159 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VAREX FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1678 Pioneer Rd SALT LAKE CITY, UT 84104-4298 |
| Phone: | (801) 973-5052 |
| Fax: | (801) 973-5142 |
| Website: | https://www.varexfederalcu.net |
| Branches: | 1 branch locations |
| Members: | 1,159 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24773 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,386,956 |
| CEO/Manager: | Tammy Phillips |
| Chairperson: | Dave Pistorius |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,081,151 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,693,446 |
| Unsecured Loans | 715,766 |
| Other Loans | 5,176,715 |
| TOTAL LOANS | 10,095,007 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,904 |
| Land And Building | 0 |
| Other Fixed Assets | 3,222 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 127,242 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,386,956 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,723 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,740 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,444,229 |
| Regular shares | 4,940,941 |
| All Other Shares & Deposits | 4,881,964 |
| TOTAL SHARES & DEPOSITS | 12,267,134 |
| TOTAL LIABILITIES | 12,305,597 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,081,359 |
| TOTAL EQUITY | 3,081,359 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,386,956 |
| INCOME & EXPENSE | |
| Loan Income | 425,485 |
| Investment Income | 90,467 |
| Other Income | 27,911 |
| Total Employee Compensation & Benefits | 194,192 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 154,245 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,600 |
| Cost of Funds | 100,745 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 68,311 |
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