Overview / Commentary
1678 South Pioneer Rd
Salt Lake City, UT 84104-4298

Varex Federal Credit Union is headquartered in Salt Lake City and is the 40th largest credit union in the state of Utah. It is also the 3,609th largest credit union in the nation. It was established in 1967 and as of September of 2018, it had grown to 4 employees and 1,328 members at 1 location. Varex Federal Credit Union's savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees and retirees of Varian Medical Systems or work in VMS buildings for companies providing services to VMS.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Varex Federal Credit Union has a low asset base.

Health Grade Components

NCUA #24773
Year Chartered1967
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD2.47%
Annual Interest Income$340.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$16.0MM$15.5MM
LoansQ3 2018vs Q3 2017$7.8MM$7.5MM
DepositsQ3 2018vs Q3 2017$13.3MM$12.8MM
Equity CapitalQ3 2018vs Q3 2017$2.6MM$2.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$14.00K$12.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$0$0
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Varex Federal Credit Union Savings Account Rates

2.02%--Power of Savings
0.10%$25-Share Savings
0.10%--Christmas Club
0.10%--Special Savings
0.10%--IRA Account

Varex Federal Credit Union Money Market Rates

0.70%*$250k*-Money Market
OTHER TIERS: 0.20% Up to $5k | 0.30% $5k - $20k | 0.40% $20k - $50k | 0.50% $50k - $100k | 0.60% $100k - $250k

Varex Federal Credit Union Checking Account Rates

0.05%$2k-Regular Checking

Varex Federal Credit Union CD Rates

3.03%$1k$50k60 Month CD
2.78%$1k$50k48 Month CD
2.52%$1k$50k36 Month CD
2.27%$1k$50k24 Month CD
2.02%$1k$50k12 Month CD
1.00%$1k$50k6 Month CD

Varex Federal Credit Union Locations
Branch Office1678 Pioneer RdSalt Lake City, UT 84104-4298

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