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CYPRUS FEDERAL CREDIT UNION

Mar, 31, 2022 — CYPRUS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST JORDAN, UT with 21 branch locations and about $1.58 billion in total assets. Opened 87 years ago in 1935, CYPRUS FEDERAL CREDIT UNION has about 125,352 members and employs 457 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 324377202
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:http://www.cypruscu.com
Branches:21 branch locations
Members:125,352
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,579,959,310
CEO/Manager:Todd Adamson
Chairperson:Gayle Rosenberg

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 68,939,707
TOTAL INVESTMENTS 0
Loans Held for Sale 6,190,646
 
 Real Estate Loans 416,420,313
 Unsecured Loans 84,570,432
 Other Loans 875,178,223
 TOTAL LOANS 1,376,267,662
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,874,523
 Land And Building 45,021,709
 Other Fixed Assets 6,072,924
 NCUSIF Deposit 12,078,233
 All Other Assets 324,716
  TOTAL ASSETS 1,579,959,310
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -10,126,817
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 352,131,615
 Regular shares 474,223,381
 All Other Shares & Deposits 591,696,287
  TOTAL SHARES & DEPOSITS 1,418,051,283
  TOTAL LIABILITIES 1,407,924,466
 Regular Reserve 0
 Other Reserves 9,684,012
 Undivided Earnings 162,350,832
  TOTAL EQUITY 172,034,844
  TOTAL LIABILITIES, SHARES, & EQUITY 1,579,959,310
INCOME & EXPENSE  
 Loan Income 13,822,910
 Investment Income 107,790
 Other Income 1,424,008
 Total Employee Compensation & Benefits 8,155,201
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,522,309
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,791,732
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,752,562
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