Cyprus Credit Union

Cyprus Credit Union is headquartered in West Jordan and is the 6^th largest credit union in the state of Utah. It is also the 345^th largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 219 employees and 76,522 members. Cyprus Credit Union has a 5-star health rating.

Related Posts

Cyprus Credit Union Checking Account Rates

Cyprus Credit Union Savings Account Rates

Cyprus Credit Union Money Market Rates

Cyprus Credit Union CD Rates

Cyprus Credit Union IRA Rates

Data for Q4 2012

Institution Statistics CYPRUS NCUA # 24688 BankRate Report View Year Chartered 1935 Employees 219 Primary Regulator Assets and Liabilities Assets $610.53 million Loans $421.29 million Deposits $554.54 million Equity Capital $51.69 million Loan Loss Allowance $7.45 million Unbacked Noncurrent Loans $2.16 million Real Estate Owned $1.37 million Historic Data - December 2011 Assets $561.18 million Equity Capital $46.10 million Loan Loss Allowance $8.95 million Unbacked Noncurrent Loans $5.28 million Real Estate Owned $1.30 million Profit Margin - Quarterly Net Interest Margin 4.39% Return on Assets 1.04% Return on Equity 12.32% Interest Income $23.53 million Non-Interest Income $15.69 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Cyprus Credit Union had $3.53 million in non-current loans and owned real-estate with $59.14 million in equity and loan loss allowances on hand to cover it. This gives Cyprus Credit Union a Texas Ratio of 5.97% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Cyprus Credit Union decreased significantly from 11.95% as of December 31, 2011 to 5.97% as of December 31, 2012, resulting in a positive change of 50.05%.This indicates that the balance sheet and financial strength for Cyprus Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Cyprus Credit Union has increased its total deposits by $42.92 million, resulting in 8.39% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cyprus Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cyprus Credit Union has $610.52 million in assets with $59.14 million in equity, resulting in a capitalization level of 9.69%, which is average.

No reviews have been left for this bank yet. Be the first to review.