Sep, 30, 2025 — CYPRUS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST JORDAN, UT with 23 branch locations and about $1.90 billion in total assets. Opened 91 years ago in 1935, CYPRUS FEDERAL CREDIT UNION has about 147,499 members and employs 472 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CYPRUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3876 W Center view Way WEST JORDAN, UT 84084 |
| Phone: | (801) 260-7600 |
| Fax: | (801) 260-7788 |
| Website: | https://www.cypruscu.com |
| Branches: | 23 branch locations |
| Members: | 147,499 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24688 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,902,636,075 |
| CEO/Manager: | Todd Adamson |
| Chairperson: | Richard Stapler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 49,532,733 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 323,650 |
| Real Estate Loans | 765,747,743 |
| Unsecured Loans | 98,605,682 |
| Other Loans | 872,063,733 |
| TOTAL LOANS | 1,736,422,681 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,362,566 |
| Land And Building | 62,558,716 |
| Other Fixed Assets | 5,199,529 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 13,920,581 |
| All Other Assets | 2,193,025 |
| TOTAL ASSETS | 1,902,636,075 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 22,139,825 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 284,389,332 |
| Regular shares | 307,956,093 |
| All Other Shares & Deposits | 1,044,763,118 |
| TOTAL SHARES & DEPOSITS | 1,637,108,543 |
| TOTAL LIABILITIES | 1,684,268,387 |
| Regular Reserve | 0 |
| Other Reserves | -381,974 |
| Undivided Earnings | 218,749,662 |
| TOTAL EQUITY | 218,367,688 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,902,636,075 |
| INCOME & EXPENSE | |
| Loan Income | 80,648,899 |
| Investment Income | 1,380,095 |
| Other Income | 5,984,723 |
| Total Employee Compensation & Benefits | 29,270,234 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 23,033,732 |
| Non-operating Income & (Expense) | 3,540 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,044,959 |
| Cost of Funds | 29,572,076 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,142,320 |
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