CU Explorer
Credit unions · Utah · Q2 2026

Varex FCU AI Score

Credit union in Salt Lake City, UT · NCUA charter #24773 · Federal charter

Legal name: Varex

Latest filed figures, Q2 2026. Every number below comes from the credit union's own NCUA 5300 Call Report.

Total assets$16.5M
Total loans & leases$9.5M
Total shares & deposits$13.3M
Members1,141
Net worth$3.1M
Net worth / assets19.05%
Loans / assets57.41%
Return on assets (annualized)0.41%
Loan growth (YoY)−8.27%
Member growth (YoY)−1.89%
Delinquency, all loans (60+ days)0.07%
CharterFederal charter
Asset band< $50M
NCUA peer group$10M–$50M
Sponsor typeService (finance, health, transport, utilities)

AI readiness

AI Score: 4 of 5 stars, AI embedded in workflows

AI makes or shapes decisions inside a business process: AI-driven loan decisioning or underwriting, AI in collections, document processing or onboarding, AI routing in the contact centre.

The credit union's own website describes using artificial intelligence and biometric data to verify a member's ID in real time, which places AI inside its identity-verification/onboarding process.

  • Varex FCU website varexfederalcu.net · 2026-09-22 · website scan
    “It then uses advanced graph-defined logic, artificial intelligence and biometric data to verify the ID and the member in real time.”

Filed signals, from the credit union's own NCUA call report (Q2 2026): online loan application, online loan payments, bill payment, e-signature, e-Statements, remote deposit capture. These are relationships and channels, not AI as such.

The AI Score runs from one to five stars; one star, no public evidence, is never shown on a credit union. Scores and sources for every credit union: CU AI Ready Report.

In the explorer: ten-year history for every metric, balance sheet and income statement drill-downs, percentile rankings against asset-size peers, leaders and board, branches, and growth opportunities.

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