Dec, 31, 2023 — C U P FEDERAL CREDIT UNION is a federal credit union headquartered in PROVO, UT with 1 branch location and about $8.37 million in total assets. Opened 64 years ago in 1960, C U P FEDERAL CREDIT UNION has about 742 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | C U P FEDERAL CREDIT UNION |
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Address: (Main Office) | 302 E Lakeview Pkwy PROVO, UT 84606 |
Phone: | (801) 374-1170 |
Fax: | (801) 374-1172 |
Website: | https://cupfcu.com |
Branches: | 1 branch locations |
Members: | 742 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13833 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,365,779 |
CEO/Manager: | Lin E Thompson |
Chairperson: | James Sheridan |
ASSETS: | $ Amount |
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Cash & Equivalents | 413,790 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,866,921 |
Unsecured Loans | 991,582 |
Other Loans | 4,099,549 |
TOTAL LOANS | 6,958,052 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,082 |
Land And Building | 0 |
Other Fixed Assets | 5,511 |
NCUSIF Deposit | 66,296 |
All Other Assets | 0 |
TOTAL ASSETS | 8,365,779 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -68,834 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 234,570 |
Regular shares | 2,847,828 |
All Other Shares & Deposits | 4,310,893 |
TOTAL SHARES & DEPOSITS | 7,393,291 |
TOTAL LIABILITIES | 7,324,457 |
Regular Reserve | 0 |
Other Reserves | 210,544 |
Undivided Earnings | 830,778 |
TOTAL EQUITY | 1,041,322 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,365,779 |
INCOME & EXPENSE | |
Loan Income | 405,437 |
Investment Income | 8,766 |
Other Income | 14,842 |
Total Employee Compensation & Benefits | 159,172 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 114,746 |
Non-operating Income & (Expense) | 1,267 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,330 |
Cost of Funds | 108,597 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 37,467 |
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» See also Statement of Financial Condition