Cyprus Credit Union is headquartered in West Jordan and is the 6th largest credit union in the state of Utah. It is also the 292nd largest credit union in the nation. It was established in 1935 and as of September of 2019, it had grown to 329 employees and 116,380 members at 21 locations. Cyprus Credit Union's CD rates are 2X 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.
TERRIBLE CUSTOMER SERVICE
Do not bank with Cyprus. They have terrible communication and closed my accounts without notice. They do not care about you and your individual needs. Don't waste your time. Go somewhere that they care about you and your family's future.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24688 |
| Year Chartered | 1935 |
| Employees | 329 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.57% |
| Return on Equity - YTD | 14.44% |
| Annual Interest Income | $36.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.13B$964.5MM |
| Loans | Q3 2019vs Q3 2018 | $987.5MM$869.0MM |
| Deposits | Q3 2019vs Q3 2018 | $998.6MM$840.1MM |
| Equity Capital | Q3 2019vs Q3 2018 | $121.9MM$107.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $6.0MM$4.8MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $1.7MM$1.4MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |
