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 |
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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 |
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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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,825,367 |
CEO/Manager: | Lin E Thompson |
Chairperson: | Darrick Whipple |
ASSETS: | $ Amount |
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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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