VAREX
Charter #24773 · Salt Lake City, UT · $10M-$50M
Public 5300 data · as of 2026Q1
What the numbers say
- Members of 1,138 sits at the 5th percentile of structural peers — worth a closer look.
- Net worth ratio of 18.40% ranks in the 84th percentile among structurally similar credit unions — a relative strength.
- Return on average assets of 0.39% sits at the 18th percentile of structural peers — worth a closer look.
- Net interest margin of 3.23% sits at the 13th percentile of structural peers — worth a closer look.
- Delinquency 60+ days of 0.07% ranks in the 16th percentile among structurally similar credit unions — a relative strength.
Headline ratios vs. peers
Two peer definitions side by side: the NCUA asset-size band, and Innorve's structural peers matched on loan mix, size, growth and geography.
| Metric | VAREX | Asset-tier percentile | Structural percentile |
|---|---|---|---|
| Total assets | $16.98M | 27th pct | 21th pct |
| Members | 1,138 | 9th pct | 5th pct |
| Net worth ratio | 18.40% | 79th pct | 84th pct |
| Return on average assets | 0.39% | 35th pct | 18th pct |
| Net interest margin | 3.23% | 24th pct | 13th pct |
| Cost of funds | 1.03% | 60th pct | 57th pct |
| Loan-to-share | 69.37% | 69th pct | 52th pct |
| Delinquency 60+ days | 0.07% | 18th pct | 16th pct |
| Net charge-off ratio | 0.62% | 75th pct | 90th pct |
| Loan growth YoY | -5.06% | 30th pct | 18th pct |
| Share growth YoY | 12.63% | 98th pct | 97th pct |
| Efficiency ratio | 81.69% | 53th pct | 62th pct |
structural peer set hash: 2ddb989c9fa9bb49cd627b51baa67d41… (reproducible)
Closest structural peers
This is the free public view
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Source: public NCUA 5300 Call Report data, cycle 2026Q1. Figures are computed deterministically by Innorve and may differ from figures the institution reports elsewhere. This page is informational and is not endorsed by the credit union or the NCUA.