How successful a credit union is at earning money affects its safety and soundness. A credit union can retain its earnings, expanding its capital buffer, or put them to work addressing problematic loans, likely making the credit union more resilient in times of trouble. However, credit unions that are losing money have less ability to do those things.
VAREX scored 2 out of a possible 30 on Bankrate's earnings test, lower than the national average of 10.11.
One sign that VAREX is running ahead of its peers in this area was its earnings ratio of 0.00 percent in our test, above the average for all credit unions.