Cyprus Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.15% | 5-year CD | 3.00% - Discover Bank 5 Year CD |
| 3.15% | 5-year IRA | 2.25% - National Average |
| 3.10% | 4-year CD | 2.80% - Discover Bank 4 Year CD |
Cyprus Credit Union is headquartered in West Jordan and is the 6th largest credit union in the state of Utah. It is also the 315th largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 319 employees and 110,658 members at 20 locations. Cyprus Credit Union's CD rates are 3X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Cyprus Credit Union is open to anyone living in Utah through a one-time membership fee of $5 to the Community Recreation Association. Membership is also open to residents of Salt Lake County, family of existing members, and employees of Morton Salt International, St. Mark’s Hospital, and other local select employer groups.
See current membership details
Related Posts
7/16 - Cyprus Credit Union (UT) Adds 36-Month Bump CD
2/20 - Cyprus Credit Union (UT) Adds 60-Month CD Special
12/9/08 - 4.25% 12-Month CD at Cyprus Credit Union in Utah
10/20/07 - 5.65% 60-Month / 5.50% 36-Month CD at a Utah CU (Cyprus)
5/25/07 - 5.85% 12-Month / 6.15% 60-Month CD at a Utah CU (Pacific Rails)
1/4/07 - 5.90% 12-Month CD at a Utah CU - and Other High Rates (Pacific Rails)
1/1/07 - 5.70% 18-Month CD at a Utah CU (Cyprus)
Great customer service.
I have always loved Cyprus Credit Union since being a member from a year ago. I have many accounts with them but I mainly use it for there checking account. I love the fact that the money I deposit goes directly in and they don't have to hold checks for days before clearing it, so I can get my money faster to use for when I please. I also love that there are no fees associated with the account. They will hook it to your savings account if needed that way if you ever overdraft your account, it will be used out of that first and won't be a problem. They also send you a text asap if they notice anything suspicious on your account that way you always know what is going on. I would recommend them to anyone and everyone looking for checking accounts.
Solid, but can't compete with big boys
I used Cyprus when I was in college mostly because it worked out that they had a branch close to where I was living at the time. The customer service reps at the building were always fair and nice. Since it was a smaller credit union, I did notice some personal touches which were appreciated by me as a consumer. Their facilities were also always clean and professional. Those are the pluses, but there are some things I would change. For starters, the online experience is a bit clumsy and doesn't have the slick look that many other bigger companies have. In addition, it seems like some of the interest rates I was offered simply weren't competitive as well which was a downer. In the end, I had to go somewhere that had more services.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24688 |
| Year Chartered | 1935 |
| Employees | 319 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.56% |
| Return on Equity - YTD | 13.52% |
| Annual Interest Income | $38.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $976.0MM$854.5MM |
| Loans | Q4 2018vs Q4 2017 | $901.8MM$754.6MM |
| Deposits | Q4 2018vs Q4 2017 | $845.2MM$751.0MM |
| Equity Capital | Q4 2018vs Q4 2017 | $111.7MM$97.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $4.9MM$3.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.4MM$1.6MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Cyprus Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Cyprus Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $50k* | - | IRA Share Account | ||
| OTHER TIERS: 0.15% → Up to $2.5k | 0.25% → $2.5k - $10k | 0.30% → $10k - $25k | 0.40% → $25k - $50k | |||||
| 0.10% | $5 | - | Regular Share Savings Account | ||
Cyprus Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $200k* | - | Money Market Account | ||
| OTHER TIERS: 0.15% → Up to $2.5k | 0.30% → $2.5k - $10k | 0.40% → $10k - $25k | 0.50% → $25k - $50k | 0.55% → $50k - $100k | 0.65% → $100k - $200k | |||||
Cyprus Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $50k* | - | Dream Checking | ||
| OTHER TIERS: 0.10% → $500 - $50k | |||||
Cyprus Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.15% | $1k | - | 60 Month CD | |
| 3.15% | $20 | $100k | 60 Month Dream CD | |
| 3.10% | $1k | - | 48 Month CD | |
| 3.10% | $20 | $100k | 48 Month Dream CD | |
| 3.05% | $1k | - | 13 Month Bump CD Special - w/ $10k New Money | |
| 3.05% | $1k | - | 13 Month CD Special - New Money | |
| 3.00% | $1k | - | 24 Month CD | |
| 3.00% | $1k | - | 30 Month CD | |
| 3.00% | $1k | - | 36 Month CD | |
| 3.00% | $20 | $100k | 24 Month Dream CD | |
| 3.00% | $20 | $100k | 30 Month Dream CD | |
| 3.00% | $20 | $100k | 36 Month Dream CD | |
| 2.70% | $1k | - | 18 Month CD | |
| 2.70% | $20 | $100k | 18 Month Dream CD | |
| 2.65% | $1k | - | 12 Month CD | |
| 2.65% | $20 | $100k | 12 Month Dream CD | |
| 1.60% | $1k | - | 6 Month CD | |
| 1.60% | $20 | $100k | 6 Month Dream CD |
Cyprus Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.15% | $1k | - | 60 Month IRA | |
| 3.15% | $20 | $100k | 60 Month Dream IRA | |
| 3.10% | $1k | - | 48 Month IRA | |
| 3.10% | $20 | $100k | 48 Month Dream IRA | |
| 3.00% | $1k | - | 24 Month IRA | |
| 3.00% | $1k | - | 30 Month IRA | |
| 3.00% | $1k | - | 36 Month IRA | |
| 3.00% | $20 | $100k | 24 Month Dream IRA | |
| 3.00% | $20 | $100k | 30 Month Dream IRA | |
| 3.00% | $20 | $100k | 36 Month Dream IRA | |
| 2.70% | $1k | - | 18 Month IRA | |
| 2.70% | $20 | $100k | 18 Month Dream IRA | |
| 2.65% | $1k | - | 12 Month IRA | |
| 2.65% | $20 | $100k | 12 Month Dream IRA | |
| 1.60% | $1k | - | 6 Month IRA | |
| 1.60% | $20 | $100k | 6 Month Dream IRA |
