Dec, 31, 2020 — C U P FEDERAL CREDIT UNION is a federal credit union headquartered in Provo, UT with 1 branch location and about $6.83 million in total assets. Opened 61 years ago in 1960, C U P FEDERAL CREDIT UNION has about 986 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: | 986 |
| 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: | $6,825,367 |
| CEO/Manager: | Lin E Thompson |
| Chairperson: | Darrick Whipple |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 349,072 |
| TOTAL INVESTMENTS | 2,102,227 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,149,548 |
| Unsecured Loans | 562,777 |
| Other Loans | 2,568,930 |
| TOTAL LOANS | 4,281,255 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,613 |
| Land And Building | 0 |
| Other Fixed Assets | 18,024 |
| NCUSIF Deposit | 49,248 |
| All Other Assets | 33,154 |
| TOTAL ASSETS | 6,825,367 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,871 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,507 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 291,480 |
| Regular shares | 3,012,987 |
| All Other Shares & Deposits | 2,493,961 |
| TOTAL SHARES & DEPOSITS | 5,798,428 |
| TOTAL LIABILITIES | 5,820,806 |
| Regular Reserve | 210,545 |
| Other Reserves | 0 |
| Undivided Earnings | 794,016 |
| TOTAL EQUITY | 1,004,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,825,367 |
| INCOME & EXPENSE | |
| Loan Income | 221,330 |
| Investment Income | 18,282 |
| Other Income | 15,947 |
| Total Employee Compensation & Benefits | 110,338 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 92,847 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,530 |
| Cost of Funds | 41,196 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,648 |
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