Mar, 31, 2021 — C U P FEDERAL CREDIT UNION is a federal credit union headquartered in Provo, UT with 1 branch location and about $7.11 million in total assets. Opened 61 years ago in 1960, C U P FEDERAL CREDIT UNION has about 914 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 |
|---|---|
| Address: (Main Office) | P O Box 50526 Provo, UT 84605 |
| Phone: | (801) 374-1170 |
| Fax: | (801) 374-1172 |
| Website: | https://cupcu.com |
| Branches: | 1 branch locations |
| Members: | 914 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13833 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,106,873 |
| CEO/Manager: | Lin E Thompson |
| Chairperson: | Darrick Whipple |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 407,275 |
| TOTAL INVESTMENTS | 2,050,227 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,260,577 |
| Unsecured Loans | 496,350 |
| Other Loans | 2,804,999 |
| TOTAL LOANS | 4,561,926 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,767 |
| Land And Building | 0 |
| Other Fixed Assets | 16,925 |
| NCUSIF Deposit | 49,248 |
| All Other Assets | 29,039 |
| TOTAL ASSETS | 7,106,873 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,500 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,504 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 253,146 |
| Regular shares | 3,108,001 |
| All Other Shares & Deposits | 2,727,513 |
| TOTAL SHARES & DEPOSITS | 6,088,660 |
| TOTAL LIABILITIES | 6,106,664 |
| Regular Reserve | 210,545 |
| Other Reserves | 0 |
| Undivided Earnings | 789,664 |
| TOTAL EQUITY | 1,000,209 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,106,873 |
| INCOME & EXPENSE | |
| Loan Income | 51,458 |
| Investment Income | 3,263 |
| Other Income | 3,468 |
| Total Employee Compensation & Benefits | 29,509 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,139 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,929 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,351 |
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