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P.O. Box 9002
West Jordan, UT 84084

Cyprus Credit Union is headquartered in West Jordan and is the 6th largest credit union in the state of Utah. It is also the 348th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 223 employees and 81,679 members. Cyprus Credit Union has a A health rating.

Field of Membership Restrictions

Membership is open to any Utah resident who is willing to make a $5 donation to the Community Recreation Association (CRA) and by depositing $5 into a dividend-earning savings account. The CRA is a non-profit organization that donates funds to recreational activities for children in the community. - See Details

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Reviews (2)

Lets Punish Our Own People For Giving A Second Chance

My issue is as follows. Over 9 years ago I declared bankruptcy with little choice of my own in the matter. I had co-signed for a car with my ex thru Cyprus Credit union. He then declared bankruptcy and the car was taken. Having no car and Cyprus comming back at me for the money with a son to raise on my own, I had little choice. Since that time I have had a bank account with them, a car loan with my ex husband and currently a signature loan in my own name. I called recently about aquiring another loan. I was informed that not only was I not eligable for a loan, I should not have even been given a loan at all let alone a bank account with them. I understand this was their policy and that is fine. The part I take issue with is that even though I paid my car loan off early, my signature loan on time and I have been a good customer for several years, Rose in the loan department informed me that it was a mistake. To rectify this mistake, every single employee over the last 6-7 years that had a hand in those decisions will now be given displinary action for allowing me that second chance. I cannot abide that even though I have proven I was worth the risk through my good history with this credit union and they have lined their pockets with my money, they would punish their own employees for issuing second chances.

Beware Of Past Account

Beware if you have ever had an account with another person through Cyprus Credit Union. They may automatically link your account with that person without authorization from you. I had an auto loan with my ex-husband from when we were married that had been closed for 5 years. When I opened a new savings account they linked his name to mine through the closed auto loan and linked our accounts without asking me or my authorization. My ex-husband then had access to my money balance/transaction information.


Data for Q4 2013

Institution Health


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, 2013 Cyprus Credit Union had $2.47 million in non-current loans and owned real-estate with $66.17 million in equity and loan loss allowances on hand to cover it. This gives Cyprus Credit Union a Texas Ratio of 3.73% 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 dramatically from 5.97% as of December 31, 2012 to 3.73% as of December 31, 2013, resulting in a positive change of 37.53%.This indicates that the balance sheet and financial strength for Cyprus Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Cyprus Credit Union has increased its total deposits by $11.3 million, resulting in 2.04% 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 above average.



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 $630.82 million in assets with $66.17 million in equity, resulting in a capitalization level of 10.49%, which is above average.

Institution Statistics

NCUA #24688
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$630.82 million
Loans$443.52 million
Deposits$565.84 million
Equity Capital$61.05 million
Loan Loss Allowance$5.12 million
Unbacked Noncurrent Loans$2.11 million
Real Estate Owned$355,000
Historic Data - December 2012
Assets$610.53 million
Equity Capital$51.69 million
Loan Loss Allowance$7.45 million
Unbacked Noncurrent Loans$2.11 million
Real Estate Owned$1.37 million
Profit Margin - Quarterly
Net Interest Margin4.08%
Return on Assets1.3%
Return on Equity13.42%
Interest Income$22.33 million

Always verify rates and promotions with the bank or credit union. We are not Cyprus Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Cyprus Credit Union Savings Account Rates

0.25%$50k-IRA Share
0.25%$50k-Roth IRA Share
0.10%--Regular Share Savings

Cyprus Credit Union Money Market Rates

0.30%$100k-Money Market (S8)

Cyprus Credit Union Checking Account Rates

0.15%$50k-Checking (S5)

Cyprus Credit Union CD Rates

2.00%$1k-60 Month Share Certificate
2.00%-$100k60 Month Dream Certificate
1.25%$1k-48 Month Share Certificate
1.25%-$100k48 Month Dream Certificate
1.00%$1k-36 Month Share Certificate
1.00%-$100k36 Month Dream Certificate
0.75%$1k-24 Month Share Certificate
0.75%$1k-30 Month Share Certificate
0.75%-$100k24 Month Dream Certificate
0.75%-$100k30 Month Dream Certificate
0.50%$1k-12 Month Share Certificate
0.50%$1k-18 Month Share Certificate
0.50%-$100k12 Month Dream Certificate
0.50%-$100k18 Month Dream Certificate
0.25%$1k-6 Month Share Certificate
0.25%-$100k6 Month Dream Certificate

Cyprus Credit Union IRA Rates

2.00%$1k-60 Month IRA Certificate (Traditional,Roth)
1.25%$1k-48 Month IRA Certificate (Traditional,Roth)
1.00%$1k-36 Month IRA Certificate (Traditional,Roth)
0.75%$1k-24 Month IRA Certificate (Traditional,Roth)
0.75%$1k-30 Month IRA Certificate (Traditional,Roth)
0.50%$1k-12 Month IRA Certificate (Traditional,Roth)
0.50%$1k-18 Month IRA Certificate (Traditional,Roth)
0.25%$1k-6 Month IRA Certificate (Traditional,Roth)

Cyprus Credit Union has 16 locations. Click to view all Cyprus Credit Union locations.