Cyprus Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
3.25%	5-year CD	60 Month CD 2.03% - National Average
3.25%	5-year IRA	60 Month IRA (Traditional, Roth) 2.04% - National Average
3.00%	4-year CD	48 Month CD 2.65% - Barclays 48 Month Online CD

View all Cyprus Credit Union rates »

Overview / Commentary

cypruscu.com

801-260-7600

3876 W Center View Way
West Jordan, UT 84084

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 328^th largest credit union in the nation. It was established in 1935 and as of June of 2018, it had grown to 307 employees and 108,318 members at 19 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

Great customer service.

Posted by: ladonnastout | Feb 21, 2017

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.

Comment

1

Solid, but can't compete with big boys

Posted by: theresemueller2 | Mar 13, 2018

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.

Comment

1

Health

A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24688
Year Chartered	1935
Employees	307
Primary Regulator

Profit Margin
Return on Assets - YTD	1.46%
Return on Equity - YTD	13.02%
Annual Interest Income	$17.8MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$921.9MM$837.6MM
Loans	Q2 2018vs Q2 2017	$831.8MM$717.9MM
Deposits	Q2 2018vs Q2 2017	$811.6MM$741.6MM
Equity Capital	Q2 2018vs Q2 2017	$103.3MM$90.3MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$4.1MM$3.9MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$1.3MM$1.1MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.