Mar, 31, 2022 — C U P FEDERAL CREDIT UNION is a federal credit union headquartered in PROVO, UT with 1 branch location and about $7.40 million in total assets. Opened 62 years ago in 1960, C U P FEDERAL CREDIT UNION has about 815 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) | 302 E Lakeview Pkwy PROVO, UT 84606 |
| Phone: | (801) 374-1170 |
| Fax: | (801) 374-1172 |
| Website: | https://cupcu.com |
| Branches: | 1 branch locations |
| Members: | 815 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,404,829 |
| CEO/Manager: | Lin E Thompson |
| Chairperson: | Jeff Hearty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 448,958 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,334,355 |
| Unsecured Loans | 550,315 |
| Other Loans | 2,985,271 |
| TOTAL LOANS | 4,869,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,948 |
| Land And Building | 0 |
| Other Fixed Assets | 12,762 |
| NCUSIF Deposit | 57,984 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,404,829 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,792 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,661 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 306,023 |
| Regular shares | 3,282,395 |
| All Other Shares & Deposits | 2,800,316 |
| TOTAL SHARES & DEPOSITS | 6,388,734 |
| TOTAL LIABILITIES | 6,401,187 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,003,642 |
| TOTAL EQUITY | 1,003,642 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,404,829 |
| INCOME & EXPENSE | |
| Loan Income | 58,649 |
| Investment Income | 2,815 |
| Other Income | 1,558 |
| Total Employee Compensation & Benefits | 30,216 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,085 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 5,774 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 982 |
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