Jun, 30, 2024 — C U P FEDERAL CREDIT UNION is a federal credit union headquartered in PROVO, UT with 1 branch location and about $7.70 million in total assets. Opened 64 years ago in 1960, C U P FEDERAL CREDIT UNION has about 775 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: | 775 |
| 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: | $7,698,221 |
| CEO/Manager: | Lin E Thompson |
| Chairperson: | Jeff Hearty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 130,670 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,728,086 |
| Unsecured Loans | 692,030 |
| Other Loans | 3,559,208 |
| TOTAL LOANS | 5,979,324 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,444 |
| Land And Building | 0 |
| Other Fixed Assets | 10,727 |
| NCUSIF Deposit | 61,602 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,698,221 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,744 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 227,714 |
| Regular shares | 3,382,689 |
| All Other Shares & Deposits | 3,076,702 |
| TOTAL SHARES & DEPOSITS | 6,687,105 |
| TOTAL LIABILITIES | 6,693,849 |
| Regular Reserve | 0 |
| Other Reserves | 792,117 |
| Undivided Earnings | 212,255 |
| TOTAL EQUITY | 1,004,372 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,698,221 |
| INCOME & EXPENSE | |
| Loan Income | 185,281 |
| Investment Income | 6,847 |
| Other Income | 7,407 |
| Total Employee Compensation & Benefits | 96,227 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 83,288 |
| Non-operating Income & (Expense) | 1,918 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 20,525 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,864 |
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