Cyprus Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.25%5-year CD60 Month CD
3.25%5-year IRA60 Month IRA (Traditional, Roth)
3.00%4-year CD48 Month CD

Overview / Commentary
801-260-7600
3876 W Center View Way
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 328th 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

Related Posts

Cyprus Credit Union (UT) Adds 36-Month Bump CD - 7/16/2018

Cyprus Credit Union (Utah) has added a limited-time 36-month Bump Certificate, earning 3.00% APY. Minimum deposit is $1k of new money, with no stated balance cap.

Cyprus Credit Union (UT) Adds 60-Month CD Special - 2/20/2018

Cyprus CU (UT) is offering a limited-time 60-month Certificate Special, earning 3.10% APY. Requires at least $1k of new money, with no stated balance cap.

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Reviews (2)

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
A+

Health Grade Components

Overall
NCUA #24688
Year Chartered1935
Employees307
Primary Regulator
Profit Margin
Return on Assets - YTD1.46%
Return on Equity - YTD13.02%
Annual Interest Income$17.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$921.9MM$837.6MM
LoansQ2 2018vs Q2 2017$831.8MM$717.9MM
DepositsQ2 2018vs Q2 2017$811.6MM$741.6MM
Equity CapitalQ2 2018vs Q2 2017$103.3MM$90.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$4.1MM$3.9MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.3MM$1.1MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-IRA Share Account
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k
0.10%$5-Regular Share Savings Account

Cyprus Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$200k*-Money Market Account
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k | 0.35% $50k - $100k | 0.40% $100k - $200k

Cyprus Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Dream Checking
OTHER TIERS: 0.10% $500 - $50k

Cyprus Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$1k-60 Month CD
3.25%$1$100k60 Month Dream CD
3.00%$1k-48 Month CD
3.00%$1$100k48 Month Dream CD
2.85%$1k-36 Month CD
2.85%$1$100k36 Month Dream CD
2.75%$1k-30 Month CD
2.75%$1$100k30 Month Dream CD
2.65%$1k-24 Month CD
2.65%$1$100k24 Month Dream CD
2.30%$1k-18 Month CD
2.30%$1$100k18 Month Dream CD
2.25%$1k-12 Month CD
2.25%$1$100k12 Month Dream CD
1.35%$1k-6 Month CD
1.35%$1$100k6 Month Dream CD

Cyprus Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$1k-60 Month IRA
3.00%$1k-48 Month IRA
2.85%$1k-36 Month IRA
2.75%$1k-30 Month IRA
2.65%$1k-24 Month IRA
2.30%$1k-18 Month IRA
2.25%$1k-12 Month IRA
1.35%$1k-6 Month IRA
Locations

Availability



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