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About Us
OUR MISSION
As a Credit Union, we are a member-owned, not-for-profit organization. This means that we focus on charging less fees, offer lower loan rates, and higher returns on your deposits. Our mission puts our focus on reinvesting in our community through a culture of volunteerism, supporting local businesses and charities, and empowering upcoming generations through financial literacy resources, scholarships, and recognition programs for students, teachers, and schools.
Our mission at Cyprus Credit Union is to be The MOST LOVED Financial Institution in Utah by improving the future of our EMPLOYEES and MEMBERS, while benefiting the COMMUNITY and the ENVIRONMENT.
HOW WE LIVE OUR MISSION
EMPLOYEES
At Cyprus, employees are truly valued and appreciated. We foster a work environment that prioritizes professional growth, encourages collaboration, and builds camaraderie among team members. Our commitment to our employees is reflected in the competitive compensation and benefits packages we offer, which are designed to reward hard work and outstanding performance. We genuinely care about our employees' well-being and success, and we are dedicated to supporting their professional achievements every step of the way..
MEMBERS
Our dedication to our members means that we are fully invested in understanding their needs and committed to taking ownership in finding the best solutions for them. We strive to offer products and services that genuinely add value and enhance their lives. We are fully invested in and committed to going above and beyond, delivering exceptional service by providing the education, advice, and guidance our members need to achieve their financial goals.
COMMUNITY
We focus on reinvesting in our community through grants and volunteerism, supporting local businesses and charities, and empowering upcoming generations through financial literacy resources for students and schools.
Cyprus Credit Union has made a $1 million commitment to financial literacy in Utah schools to ensure that Stukent, an immersive financial literacy tool, is available free of charge to every High School in Utah. This resource introduces students to financial literacy principles in an immersive, engaging way. Students get hands-on experience with skills like budgeting, paying bills, filing taxes, understanding credit, and much more.
Click here to see how we are helping Utah youth.
ENVIRONMENT
As an organization, we want to minimize our carbon footprint, promote green initiatives, and implement sustainable business processes. By being "All In" for the environment, we recycle, educate our employees on sustainable practices, and work to improve our natural environment for our employees, members, and community.
HOW WE STARTED
Cyprus Credit Union made history as Utah’s first credit union on October 1, 1928. Its founding members were 22 employees of the Utah Copper Company, formed in 1903 to mine copper in what was formerly known as Bingham Canyon (located in the Oquirrh Mountains). With a credit union, copper company employees now had a communal space to build savings and pool their funds to lend to one another as needed.
1928
William “Bill” Hook becomes the first president/CEO of Cyprus Credit Union. Cash is kept in a fireproof box on his desk at the Utah Copper Company’s Arthur Plant near Magna. Members are encouraged to save at least $1 per paycheck.
1936
The Utah Copper Company is purchased by Kennecott Copper Company. Cyprus continues operations on Kennecott property. Credit union board members are permitted to carry out responsibilities on company time. 
1944
Muriel “Merl” Sandall is hired as Cyprus’ first full-time employee. She would later serve as Cyprus’ third president/CEO from 1966 to 1977.
1959
Membership requirements modified to allow immediate family members of Kennecott employees to join Cyprus, the first change of many allowing a greater number of people to join the credit union.
1975
Cyprus purchases its first computer to replace the existing ledger system. Prior to this, accounts were organized by Kennecott payroll numbers.
1980
Cyprus offers checking accounts for the first time (then called “share draft accounts”).
2008
Cyprus membership surpasses 75,600.
2019
Cyprus Credit Union’s assets reach $1 billion.
2023
Cyprus is ranked as one of the best credit unions to work for in the U.S.1 for the fourth year in a row and is named a “Best Credit Union in the State of Utah” by Forbes.
TODAY
As the longest-serving credit union in Utah, Cyprus has a long history of service and commitment to our communities. Our member-owned, not-for-profit organization offers a wide array of financial services, including home loans, everyday banking solutions, business resources, consumer lending, and investment services.
As we look toward the future, we remain dedicated to providing the best financial solutions, products, and resources to our members. We truly mean it when we say “your future is our future.”
1 2023 rankings by American Banker
The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
Links from the Cyprus Credit Union web site to other web sites are provided solely as a convenience to visitors.
If you use these links, you will leave the Cyprus Credit Union web site.
The Credit Union does not have any responsibility or control over any of these external web sites, their content or their privacy policies. We do not endorse or make any representations about third-party external web sites, including any information, products, materials or results that may be obtained from using them.
If you decide to access any of the linked third-party web sites, you do so entirely at your own risk. You are encouraged to review the privacy notice for each linked web site.
The Credit Union does not have any responsibility or control over any of these external web sites, their content or their privacy policies. We do not endorse or make any representations about third-party external web sites, including any information, products, materials or results that may be obtained from using them.
If you decide to access any of the linked third-party web sites, you do so entirely at your own risk. You are encouraged to review the privacy notice for each linked web site.
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Please do not send any personal financial information via Email.
E-mail transmission cannot be guaranteed to be secure and information
could be intercepted, lost, or contain viruses.
Please do not send any personal financial information via Email.
E-mail transmission cannot be guaranteed to be secure and information
could be intercepted, lost, or contain viruses.
