Credit union
Cyprus Federal Credit Union
West Jordan, Utah, Salt Lake County, UT
$2.1B in total assets and 163,815 members, the 259th largest of 4,298 US credit unions and 6th of 51 headquartered in Utah.
- NCUA charter
- 24688
- Charter
- Federal
- Chartered
- 1935
- NCUA insured since
- 1972
- Field of membership
- Multiple common bond - primarily primary and fabricated metals
- Low-income designation
- Yes
- Website
- http://www.cypruscu.com
At a glance
Compared with 445 US federally insured credit unions with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.1B | 48% | $2.1B | |
| Loans | $1.9B | 60% | $1.5B | |
| Deposits (shares) | $1.8B | 49% | $1.8B | |
| Members | 163,815 | 66% | 117,912 | |
| Return on assets | 0.68% | 36% | 0.82% | |
| Net interest income to assets | 4.13% | 90% | 3.42% | |
| Efficiency ratio | 75.5% | 66% | 71.7% | |
| Net worth ratio | 12.42% | 74% | 10.86% | |
| Loans to shares | 104% | 93% | 88% | |
| Cost of deposits | 2.15% | 77% | 1.78% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 10.4% a year over 10 years and 7.5% a year over the last 5, including 1 merger in the last 10 years. Membership grew 5.0% a year over 5 years, to 163,815.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Feb 2026 | NEBO Credit Union Credit union, Springville, UT | $145M |
| Jun 2014 | Premier Services Credit Union Credit union, Salt Lake City, UT | $21M |
| Sep 2013 | St. Marks Employees Federal Credit Union Credit union, Slc, UT | $7M |
| Aug 2012 | Pacific Rails Credit Union Credit union, West Jordan, UT | $21M |
Where they operate
26 branches in 5 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Salt Lake County, UT | 17 | 4.3% | 7 of 96 |
| Utah County, UT | 4 | 2.3% | 16 of 32 |
| Davis County, UT | 2 | 2.1% | 13 of 30 |
| Washington County, UT | 2 | 3.3% | 10 of 19 |
| Tooele County, UT | 1 | 8.3% | 3 of 9 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 18 | |
| 2017 | 19 | +1 |
| 2018 | 19 | 0 |
| 2019 | 19 | 0 |
| 2020 | 19 | 0 |
| 2021 | 18 | −1 |
| 2022 | 19 | +1 |
| 2023 | 19 | 0 |
| 2024 | 21 | +2 |
| 2025 | 23 | +2 |
| Jun 2026 | 26 | +3 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.41% | 0.69% |
| Net worth ratio | 12.42% | 10.86% |
| Loans to shares | 104% | 88% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Utah
Most branches in Salt Lake County, UT
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.