Credit Unions Near Me
National Credit Union Service Organization

VAREX FEDERAL CREDIT UNION

Sep, 30, 2021 — VAREX FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $20.26 million in total assets. Opened 55 years ago in 1967, VAREX FEDERAL CREDIT UNION has about 1,305 members and employs 4 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 84104-4205
Phone:(801) 973-5052
Fax:(801) 973-5142
Website:http://www.varexfederalcu.net
Branches:1 branch locations
Members:1,305
Credit Union Type:Federal Credit Union
Charter Number:24773
Membership Type:Service - Health Care
Corporate Credit Union:No
Year Opened:1967
Last Audited:May 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$20,257,167
CEO/Manager:Tammy Phillips
Chairperson:Dave Pistorius

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,419,278
TOTAL INVESTMENTS 6,861,940
Loans Held for Sale 0
 
 Real Estate Loans 2,829,785
 Unsecured Loans 795,769
 Other Loans 6,194,810
 TOTAL LOANS 10,719,535
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,664
 Land And Building 0
 Other Fixed Assets 41,714
 NCUSIF Deposit 163,805
 All Other Assets 73,559
  TOTAL ASSETS 20,257,167
LIABILITIES & CAPITAL:  
 Dividends Payable 826
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 48,800
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,395,917
 Regular shares 8,237,820
 All Other Shares & Deposits 6,758,154
  TOTAL SHARES & DEPOSITS 17,391,891
  TOTAL LIABILITIES 17,441,517
 Regular Reserve 560,000
 Other Reserves 0
 Undivided Earnings 2,255,650
  TOTAL EQUITY 2,815,650
  TOTAL LIABILITIES, SHARES, & EQUITY 20,257,167
INCOME & EXPENSE  
 Loan Income 260,453
 Investment Income 90,290
 Other Income 2,203
 Total Employee Compensation & Benefits 195,974
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 120,459
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,370
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 52,612
↑ Back to Top

Other Credit Unions

MEADOW GOLD EMPLOYEES CREDIT UNION
3691 W 1987 S
SALT LAKE CITY, UT 84104
GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION
PO BOX 30429
SALT LAKE CITY, UT 84130
TANNER EMPLOYEES CREDIT UNION
1865 South Main St ste 2
SALT LAKE CITY, UT 84115-2377
LU 354 I B E W FEDERAL CREDIT UNION
3405 W 1987 S
SALT LAKE CITY, UT 84104-4942
P & S CREDIT UNION
2250 S REDWOOD RD STE 6
SALT LAKE CITY, UT 84119-1356
UTAH FEDERAL CREDIT UNION
564 E 300 S
SALT LAKE CITY, UT 84102
NATIONAL J. A. C. L. CREDIT UNION
3776 S HIGHLAND DR
SALT LAKE CITY, UT 84106-3270
FIREFIGHTERS CREDIT UNION
124 W 1400 S Ste 101
SALT LAKE CITY, UT 84115-5201
HERCULES FIRST FEDERAL CREDIT UNION
3141 W 4700 S
SALT LAKE CITY, UT 84129-2525
TRANSWEST CREDIT UNION
37 W 1700 S
SALT LAKE CITY, UT 84115