Varex Salt Lake City, UT · Charter 24773 · Peer group: credit unions under $1B in assets in the Salt Lake City-Murray, UT area (n=23-24)
NCUA · 1 branch
Q2 2026
$16.5M Assets
$9.5M Loans
$13.3M Shares
$3.1M Net Worth
Executive Summary Strongest standing: nonperforming loans / loans outperforms 78% of credit unions under $1B in assets in the Salt Lake City-Murray, UT area (rank 6 of 23). Widest gap: return on equity trails 75% of credit unions under $1B in assets in the Salt Lake City-Murray, UT area (rank 18 of 24). Overall: at or above the peer median on 3 of 7 directional measures. Return on Assets
0.41%
Rank 18 of 24
Net Interest Margin
3.43%
Rank 14 of 24
Efficiency Ratio
83.00%
Rank 17 of 24
Equity / Assets
19.05%
Rank 9 of 24
Metric Your Credit Union Peer 25th Peer Median Peer 75th Standing Rank Peer Position Earnings Return on Assets 0.41% 0.41% 0.67% 1.12% Beats 25% 18 / 24 Return on Equity 2.16% 2.16% 5.02% 6.69% Beats 25% 18 / 24 Net Interest Margin 3.43% 3.10% 3.61% 4.01% Beats 42% 14 / 24 Efficiency Ratio 83.00% 71.14% 80.00% 84.92% Beats 33% 17 / 24 Asset Quality Nonperforming Loans / Loans 0.07% 0.07% 0.54% 1.38% Beats 78% 6 / 23 Net Charge-Offs / Loans n/a Not reported for this institution Capital Tier 1 Capital Ratio 19.05% 10.05% 16.75% 21.42% Beats 63% 9 / 24 Total Risk-Based Capital Ratio n/a Not reported for this institution Equity / Assets 19.05% 10.05% 16.75% 21.42% Beats 63% 9 / 24 Liquidity & Funding Loans / Deposits 71.12% 42.86% 62.34% 82.18% 57th pctl 10 / 23 Loans / Assets 57.41% 32.11% 55.16% 70.89% 58th pctl 10 / 24 Brokered Deposits / Deposits n/a Not reported for this institution
Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Peer statistics computed across credit unions under $1B in assets in the Salt Lake City-Murray, UT area; percentile is the share of peers with a lower reported value. Each ratio is ranked only among the institutions that reported it, so the denominator in the Rank column varies by measure (23 to 24 here). Income-statement figures on this page are year-to-date as filed, annualized, because the peer percentiles are computed on that basis. Performance Trends defaults to the discrete quarter, so the same measure can read differently there in any quarter but the first, where year-to-date and the quarter cover the same period. Peer comparisons use ratios standardized identically across all institutions and can differ from as-filed figures. Subchapter S banks are restated to an after-tax equivalent at 21.50%, the median effective tax rate of the 2,758 C-corporation banks filing for this quarter. The rate is recomputed each quarter, and C-corporation figures are unchanged. Peer groups below the disclosure floor are suppressed.
CallReports · callreports.ai · Peer Comparison Generated 2026-10-10