Cyprus Credit Union

Overview / Commentary
3876 W Centerview 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 307th largest credit union in the nation. It was established in 1935 and as of March of 2019, it had grown to 318 employees and 112,455 members at 21 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 13-Month CD Special, 3.05% APY - 3/29/2019

Cyprus Credit Union (UT) has three Special Rate CDs: 13-month (3.05% APY), 36-month (3.50% APY), 60-month (3.65% APY). $1k min deposit of new money, bump-up available.

Cyprus Credit Union (UT) Adds 18-Month Anniversary CD - 10/4/2018

Cyprus Credit Union (easy membership for all Utah residents) has added a 18-month 90th Anniversary CD Special, which earns 2.90% APY.

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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 Grade Components

NCUA #24688
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD13.14%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.05B$915.9MM
LoansQ1 2019vs Q1 2018$921.4MM$782.0MM
DepositsQ1 2019vs Q1 2018$925.5MM$808.4MM
Equity CapitalQ1 2019vs Q1 2018$115.6MM$100.2MM
Loan Loss AllowanceQ1 2019vs Q1 2018$5.3MM$4.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$2.2MM$720.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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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

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%--Regular Share Savings Account

Cyprus Credit Union Money Market Rates

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

0.30%*$100k*-Choice Interest checking
OTHER TIERS: 0.10% Up to $50k | 0.20% $50k - $100k
0.15%*$50k*-Dream Checking
OTHER TIERS: 0.10% $10k - $50k

Cyprus Credit Union CD Rates

2.80%$1k-60 Month CD
2.80%$20$100k60 Month Dream CD
2.75%$1k-48 Month CD
2.75%$20$100k48 Month Dream CD
2.70%$1k-36 Month CD
2.70%$20$100k36 Month Dream CD
2.65%$1k-30 Month CD
2.65%$20$100k30 Month Dream CD
2.60%$1k-24 Month CD
2.60%$20$100k24 Month Dream CD
2.55%$1k-18 Month CD
2.55%$20$100k18 Month Dream CD
2.50%$1k-12 Month CD
2.50%$20$100k12 Month Dream CD
2.00%$1k-6 Month CD
1.60%$20$100k6 Month Dream CD

Cyprus Credit Union IRA Rates

2.80%$1k-60 Month IRA
2.80%$20$100k60 Month Dream IRA
2.75%$1k-48 Month IRA
2.75%$20$100k48 Month Dream IRA
2.70%$1k-36 Month IRA
2.70%$20$100k36 Month Dream IRA
2.65%$1k-30 Month IRA
2.65%$20$100k30 Month Dream IRA
2.60%$1k-24 Month IRA
2.60%$20$100k24 Month Dream IRA
2.55%$1k-18 Month IRA
2.55%$20$100k18 Month Dream IRA
2.50%$1k-12 Month IRA
2.50%$20$100k12 Month Dream IRA
2.00%$1k-6 Month IRA
1.60%$20$100k6 Month Dream IRA


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