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Press Releases & News

April 24, 2015
Cyprus Credit Union Honors Arbor Day with 7th Annual Tree Planting

Management and employees of Cyprus Credit Union gathered for the 7th annual Arbor Day tree planting. This year a nectarine tree was planted at the corporate headquarters, near the outdoor recycling bins, to remind staff, members and visitors of the credit union’s commitment towards environmentally friendly business practices.  

“As a company, when we say ‘your future is our future’ that transcends much farther than just the financial needs of our members,” said Todd Adamson, president and CEO of Cyprus Credit Union. “We realize it is also our responsibility to be good stewards of natural resources.  We are continuously looking for ways to decrease our carbon footprint by reducing paper waste, automating systems and using digital alternatives.”

Cyprus has many programs and guidelines in place to facilitate company-wide waste-reduction, recycling and energy conservation. All departments use recycling bins for non-secure paper waste. Discarded documents containing private information are stored in locked, secure shred bins inside the credit union offices. After these documents are shredded and destroyed they are 100 percent recycled. 

The credit union has also implemented processes to reduce paper in many areas of business, including mortgage lending. They offer paperless electronic signatures through Docusign. This service provides greater convenience for members, allowing them to sign paperwork without visiting a branch and also reduces the amount of paper generated by offering loan and account documents electronically.

According to the American Forest and Paper Association, these globally responsible efforts of Cyprus can make substantial impacts on our environment:

  • A single tree can absorb more than 10 pounds of CO2 each year.
  • Every ton of paper that is recovered saves 3.3 cubic yards of landfill space, 17 thirty-foot (pulp) trees and up to 7,000 gallons of water.
  • Recovered paper accounts for more than 37 percent of fiber used to make new paper products in the U.S.


April 10, 2015
Cyprus Pays Kids to Save During National Credit Union Youth Month

http://www.cuna.org/uploadedImages/CUNA/Marketing_And_Member_Education/Member_Events_And_Promotions/Youth_Week/YM15_Wild_About_Saving_Full-Color_Logo.jpgDuring the month of April, children will have the opportunity to start the journey towards financial success as Cyprus Credit Union celebrates National Credit Union Youth Month. This year's theme, “Wild About Saving™,” encourages youth to use resources available at the credit union to help them cut their way through the jungle of financial responsibility:


 

  •  Free Dollar Dog Savings Accounts: To help youth become “Wild About Saving” we are providing  children ages 12 and under with a gift of $5 to be used to open their first Cyprus Dollar Dog savings account during the month of April. With this year-round savings program your child will receive a prize with every deposit and can earn gift cards for their efforts to save.
  •  “Wild About Saving” Coloring Contest: Children ages 12 and under can submit their coloring pages to be eligible for grand prizes of $25! Entry forms are available April 1 – 30 by visiting any branch.

According to a Junior Achievement USA survey (2014 Teens and Personal Finance Survey), 40% of teens do not have a savings account, checking account, or debit or credit card. Too many children are entering adulthood without the knowledge and tools to help them gain financial independence. There are several easy ways to help prepare children for a sound financial future:

Join. For starters, open a credit union savings account for each child. As soon as children can write, teach them to fill out deposit and withdrawal slips. Guide teenagers through using a debit card and tracking transactions.

Share. Include children in household money discussions. Show them how you budget income and expenses. As their skills improve, give them challenges—such as finding a better cell phone plan, calculating the total monthly cost of owning a car, or sticking to a budget for back-to-school or holiday spending.

Coach. Look for opportunities to teach children and remind them to ask for help when they need it. And turn to your credit union for tools and resources, our tradition of service and philosophy of self-help make Cyprus a natural partner in teaching children sound financial habits.


March 3, 2015

Cyprus Scholar Athlete of the Year Award Recipients Announced

 

Cyprus Credit Union is proud to announce the recipients of their Scholar Athlete of the Year Award, presented in partnership with KUTV. This year, the three high school students to receive this scholarship award are Brynne Anderson of Logan High School, Ben Watteyne of Sky View High School and Madison Lewis of Corner Canyon High School. 

 “The caliber of entries we received this year was outstanding. We are impressed by the excellence demonstrated by these students, not only in their designated sports, but in their academic achievements,” said Todd Adamson, President/CEO of Cyprus Credit Union. “In the spirit of the credit union’s philosophy of people helping people, we are honored to provide these students with scholarships to assist their pursuit of educational dreams.”

During each of the eight Friday Night Rivals high school football games broadcasted this season on KUTV, Cyprus recognized a male and female senior student who exemplifies excellence in both academics and athletics. These 16 students were awarded a plaque during half-time and were then qualified to submit a video to compete for $5,000 in scholarships provided through the Cyprus Credit Union Scholar Athlete of the Year Award.

The three finalists were chosen from video submissions which highlighted their high school academic and athletic accomplishments, which include:

  • Bynne Anderson: member of the National Honor Society with a 4.0 GPA, 2013 tennis team captain, Leadership Award for tennis, and state quarterfinalist in tennis.
  • Ben Wattenyne: student body vice president, Honor Roll student with a 3.9 GPA, football team captain, lacrosse club president, and member of lacrosse state championship team.
  • Madison Lewis: awarded Academic All-State with 3. 993 GPA, captain of varsity volleyball team, set school track records in the 400 and 800 meter events.

October 21, 2014

Apple Pay Coming Soon….

Soon you will be able to use your Cyprus Credit Union credit cards with Apple Pay; the easy, secure, and private way to pay.

Use Apple Pay with iPhone 6 to pay in stores without swiping your cards and in apps without entering payment and contact information. Just pay with a single touch of your finger using Touch ID.

With Apple Pay, instead of using your actual credit and debit card numbers when you add your card, a unique Device Account Number is assigned, encrypted and securely stored. And when you make a purchase, the Device Account Number alongside a transaction-specific dynamic security code is used to process your payment. So your actual credit or debit card numbers are never shared by Apple with merchants or transmitted with payment.

In addition, paying with Apple Pay is private as the cashier never sees your name, card numbers or security code.

We’ll share more information about how to get started using Apple Pay with Cyprus Credit Union cards closer to availability.


August 28, 2014

Cyprus Members Get Discounts on Disney Vacations

Get Away Today and Cyprus Credit Union have partnered to give you the best value for all your travel needs, and a portion of every package is donated to the Children's Miracle Network through the Credit Unions For Kids program!

Get Away Today has helped more than 2 million people enjoy vacations to Disneyland® and beyond.

Click here to book a trip!

 


June 17, 2014

Cyprus Members Support Ronald McDonald House

The Ronald McDonald house provides shelter and support for families of sick children receiving life-saving care in the Salt Lake area. Cyprus Credit Union wants to ensure that each and every family gets the help they need. In June,  Cyprus made a donation of $15,000 to The Ride For Life. Organized in 2006 by KUTV Channel 2 news anchor Mark Koelbel, this event invites motorcyclists from the greater Salt Lake area to raise money for a great cause.

The generosity of credit union members gave Cyprus the opportunity to donate $15,000 to the 2014 Ride For Life. This annual donation has become a tradition for Cyprus Credit Union. Since 2009 Cyprus members have donated more than $50,000 to the Ride for Life.

This donation was raised through Cyprus Credit Union’s annual skip a payment program. Thanks to your generosity, the Ronald McDonald House can provide a safe place for families to stay so they can focus on healing their child regardless of their ability to pay.

Each time you choose to skip a payment your generosity allows us to support organizations in our community that directly benefit you, your family, friends and neighbors.
We want to extend our most heartfelt thanks.


June 3, 2014

2014 Scholarship Recipients

Six Utah high school seniors used their good sense with money to earn a college scholarship from Cyprus Credit Union.

Students submitted an essay about the importance of financial education and a short video with financial tips for young people.

Students were selected based on community involvement, leadership and academics. “We’re very proud of our 2014 Cyprus Credit Union Scholarship Recipients. In addition to academic excellence they have shown commitment to their community which aligns with our core value of people helping people,” said Todd Adamson, President/CEO of Cyprus Credit Union. Recipients received a check for $1,000 toward their college education. 


May 6, 2014

Fifth Annual Tree Planting in Honor of Arbor Day

Cyprus Credit Union management and employees gathered to for the 5th annual tree planting in honor of Arbor Day. The apricot tree was planted near the credit union’s recycling bins to remind staff and visitors to the credit union of our responsibility to the environment.  

Cyprus continues to make recycling and conserving energy a priority for 2014. All departments use individual recycling bins for non-secure paper waste. All non-secure paper waste is recycled through Green Fiber, a company that collects and recycles paper waste and produces environmentally friendly insulation for home, businesses and schools. Cyprus has also implemented processes to reduce paper in many areas of business including mortgage lending. They are also offering paperless electronic signatures through Docusign. This service provides greater convenience for members, allowing them to sign paperwork without visiting a branch and also reduces the amount of paper generated by offering loan and account documents electronically.

The credit union takes member privacy very seriously. Any documents with private information are stored in locked, secure shred bins inside the credit union offices. Documents are shredded on-site by Cintas Document Shredding in a mobile shred unit. After the documents are destroyed, Cintas recycles 100 percent of the shredded materials.

“We are continuously looking for ways to decrease our paper waste and increase efficiency by automating programs and using digital alternatives,” said Todd Adamson, President and CEO of the $615 million dollar credit union. These changes combined with other efficiencies help Cyprus Credit Union reduce their impact on the environment.


May 1, 2014

Cyprus Credit Union Wins National Design Award

Cyprus Credit Union was recently honored with a national award for outstanding web design in the credit union industry.  Cyprus completely redesigned their home page, www.cypruscu.com and added a mobile website tailored to Apple and Android phones and tablets.                                                    

The national web design award was presented by the Credit Union National Association (CUNA) Marketing & Business Development Council, a national network comprised of over 1,100 credit union marketing and business development professionals. The Diamond Awards, representing the pinnacle of credit union marketing and business development, features 29 categories, ranging from direct mail and website marketing to public relations and social media. Judges evaluated entries based on strategy, design and production, creative concept, copy and communication, and results.

"The Diamond Award competition is the most prestigious competition for excellence in marketing the credit union industry," said Michelle Hunter, Chair of the CUNA Marketing & Business Development Council, and SVP of Marketing & Development at Credit Union of Southern California. "Credit unions that receive these awards represent the very best examples of creativity, innovation, relevance, and execution.”

Cyprus Credit Union partnered with Avtec Media to develop and design the site. Jessica Taylor, Marketing Manager for Cyprus Credit union estimates over 150 hours of work went into creating the new site, “Our team and the team at Avtec focused on developing a site that would meet our member’s needs now and anticipate the features and functionality they’ll want in the future. We are so pleased with how the site turned out.”

The new site has had over 4 million visits since the launch in November 2013.


May 1, 2014

Cyprus Employees Brave Bad Weather to Fight MS

Cyprus Credit Union employees braved the rain on Saturday, April 26th to support the Utah Chapter of the National MS Society. More than 30 credit union employees, family members and friends braved the rain and walked to fight multiple sclerosis. Cyprus Credit Union raised more than $3,000 for the MS Society.

This was the credit union's fourth year participating in the walk. Thanks to the generosity of credit union members, Cyprus has given over $30,000 since 2010.


February 11, 2014

High School Students Get Hand On Experience with Credit Unions

West Jordan- More than 40 High School Students took a break from their normal class schedule for some real world work experience. Students spent a day at Cyprus Credit Union learning the ins and outs of the credit union industry.

Students from the Granite School District Academy of Finance engaged in presentations by more than 20 Cyprus employees. Each presenter provided information about their education, experience and an overview of responsibilities in their career.

Karen Seo, Business Services Manager for the credit union and Academy of Finance Board Chair, coordinated the job shadow experience. “Our staff was excited to share their experience and engage with young people in our community.”

Topics included finance, human resources, information systems, administration, lending, marketing and branch operations. Cyprus Credit Union is actively engaged in educational events.  Educators are encouraged to contact Karen Seo, Business Development Manager at Cyprus Credit Union, to find out more about in-classroom presentations offered by Cyprus Credit Union. Karen can be reached at 801-260-7600, ext. 5281.


January 10, 2014

Food Bank Fundraiser

Thanks to our wonderful members who contributed to our Food Bank fundraiser.  Branches collected non-perishable food items this fall and accepted cash donations on behalf of the Utah Food Bank. At the end of our food drive we donated over 1,000 lbs of food to the Utah Food Bank.

Cash donations were matched by the credit union and Cyprus gave over $3,000 to the Utah Food Bank. The Food Bank can take these funds and create over 10,000 meals for families in our community. Thanks for your generous donations and continued support of our community initiatives.


December 20, 2013

Cyprus Members Give Christmas to Kids in Need

We extend our most heartfelt thanks to our wonderful members who made a donation to the Angel Tree program. Thanks to your generosity we were able to help more than 8,000 children and senior citizens in need this holiday season. You donations of clothes, shoes, coats and toys made the holidays merry and bright for our neighbors and friends in need.

In addition to gifts, we received over $10,000 in monetary donations for our Angels. One hundred percent of cash donations went to provide gifts for Angels that did not get adopted from the Angel Tree. Each year we are touched by the generosity of our membership. The outpouring of support by credit union and community members continues to amaze us.  The Angel Tree warehouse was filled to capacity with gifts and donations. Families picked up their new unwrapped gifts and were able to have a bright and happy Christmas thanks to the support of our members.

“I’d like to thank each and every member who made a donation to our Angel Tree program. To see our membership and community come together and give back is a wonderful feeling,” said Todd Adamson, President and CEO of Cyprus Credit Union. “We’re lucky to be part of a community that cares so much for their friends and neighbors.”

We would like to thank you for your support of the Angel Tree program. With your help and support, we were able to make a difference in the lives of needy children and seniors in Utah. Without your support, programs like Angel Tree would not be possible. Thank you for making the holidays happy for those in need.


June 17, 2013

Cyprus Sponsors Ronald McDonald Family Room at Primary Children’s Hospital

In 2012 Cyprus Credit Union made a commitment to the Ronald McDonald house in Salt Lake City. With a gift of $150,000, our generous members made it possible to support the Ronald McDonald family room at Primary Children’s Medical Center. This space provides services to local families with children in the hospital. This year we saw this wonderful project completed.

The Family Room offers a special place of respite, relaxation and privacy within the walls of a hospital and enables parents to be just steps from their child’s bedside. It offers kitchen and laundry facilities, showers, sleeping rooms, computer access, and a private family meeting room.
We had the privilege of attending the ribbon cutting ceremony on June 7, 2013. This wonderful place of peace and support will benefit many members of the credit union and our community. The funds for this donation were made possible by you, our generous members, through the Skip a Payment program. Each time you choose to skip a payment your generosity allows us to support organizations in our community that directly benefit you, your family, friends and neighbors.
We want to extend our most heartfelt thanks.


May 30, 2013

Cyprus Credit Union Helps Kids Pay for College

As the cost of college tuition continues to increase, a solid understanding of personal finance is more important than ever. Six Utah high school seniors used their good sense with money to earn a college scholarship.

Each student submitted a written essay about the importance of financial education and a short video. Applicants got creative with video themes including testimonials about the importance of financial education in their daily life and financial advice for other young people.

Students were selected based on community involvement, leadership and academics. “We’re very proud of our 2013 Cyprus Credit Union Scholarship Recipients. In addition to academic achievement they have shown a commitment to their community which aligns with our core value of people helping people,” said Steve Fifield, Vice President at Cyprus Credit Union. Recipients received a check for $1,000 toward their college education. 

Scholarship Recipients:
Tanner Burton, Bingham High School
Gina Sombatsaphay, Granger High School
Aaron Hsu, Hiilcrest High School
Casey Mangum, Stansbury High School
Shaylee VanWagenen, Copper Hills High School
Rebekah Williams, Cyprus High School


May 30, 2013

Local Businesses Honor West Jordan Teachers

Richard Hoonakker accepts his Hero in Education award while teaching his morning science class.

Educators in our community are touching lives every day, and sometimes their efforts can go unnoticed. The West Jordan Chamber of Commerce and Cyprus Credit Union wanted to spotlight teachers and administrators in the West Jordan community that are making a difference.

Educators were nominated by fellow teachers or administrators for their outstanding dedication and commitment to enriching the lives of students and faculty. Recipients were selected by West Jordan Chamber of Commerce Business to Education Partnership Council.

Each Hero in Education recipient was awarded $100 to use for their classroom or school, $75 to treat themselves and a commemorative award. Awards and gift certificates were donated by Cyprus Credit Union. This is the second year the Business to Education Partnership Council has acknowledged the outstanding work of educators in the West Jordan community.

Recipients:
A.J. Steele, Sunset Middle School
Latrill Loveridge, Copper Hills High School
Jonathan Lawes, Iteneris High School
Richard Hoonakker, West Jordan High School
Kristie Clawson, West Jordan High School
Sharon Jensen, West Jordan Middle School
Benjamin Jameson, Joel P. Jensen Middle School


April 26, 2013

High School Students Learn About the Financial Industry Through Job Shadow Program

West Jordan- More than 40 High School Students took a break from their normal Tuesday class schedule for some real world work experience. Students spent a day at Cyprus Credit Union learning the ins and outs of the credit union industry.

Students from Herriman High School and Copper Hills High School engaged in presentations by more than 25 Cyprus employees. Each presenter provided information about their education, experience and an overview of day to day responsibilities in their career.

Steve Fifield, Vice President of Branches for the credit union, coordinated the job shadow experience with teachers at both high schools. “What a great experience for our staff to engage with young people in our community and for these students to learn more about careers in the financial industry.”

Topics included finance, human resources, business and consumer lending, marketing and branch operations. Cyprus Credit Union is actively engaged in educational events.  Educators are encouraged to contact Karen Seo, Business Development Manager at Cyprus Credit Union, to find out more about in-classroom presentations offered by Cyprus Credit Union. Karen can be reached at 801-260-7600, ext. 5281.


April 26, 2013

Cyprus Employee Honored with Leadership Award

ChamberWest Regional Chamber of Commerce and the East Valley Regional Chamber of Commerce honored Karen Seo as the first recipient of the ATHENA Award presented at the Women in Business Spring into Success Women’s Conference.

Karen Seo, Business Services Manager at Cyprus Credit Union, is the chamber’s first recipient of this award that recognizes an outstanding woman in business who also exemplifies strength and service through her work and personal involvement in the community.

Seo has been an integral part of Salt Lake Community College’s Women’s Business Institute serving as a member of the advisory board and mentoring local female entrepreneurs. She’s also a former ambassador chair of the West Jordan Chamber of commerce and currently serves on the board of the Granite School District Academy of Finance, the Nekkei Senior Center, and is the past Chairperson and current board member of ChamberWest.

ChamberWest and East Valley Chamber of Commerce believe in the values underlying ATHENA International’s philosophy of incorporating the talent and expertise of women into the leadership of our businesses, communities and government. “We were so pleased to present our First Annual ATHENA Award to Karen,” exclaimed Alan Anderson, President and CEO of ChamberWest and the East Valley Chamber of commerce. “She has been an exemplary member of the chamber and our community.”

Founded 30 years ago, ATHENA International is a women’s leadership organization that supports, develops and honors women leaders through the programs it administers. ATHENA’s flagship program, the ATHENA Leadership Award® Program, has honored over 6,250 women leaders from hundreds of cities and eight countries since its inception in 1982.


December 17, 2012

Cyprus Members Give Christmas to Kids in Need



Cyprus Credit Union presented The Salvation Army with a check for $10,000 to for The Angel Tree Program.  The money was donated by credit union and community members to provide clothing, coats, shoes and toys to kids in need this holiday season.

Every donation, no matter how big or small, helped a child or senior in need. “Without the generous support of credit union and community members, the Angel Tree program would not exist,” said Major Richard Green of The Salvation Army. “Thanks to your kind donations of gifts, money and time we were able to help more than 9,000 children and 1,500 senior citizens who were in need.”

Cyprus Credit Union has supported the Angel Tree program for over five years. Each holiday season, Cyprus Credit Union displays trees in 16 branch locations along the Wasatch front.  People can choose an Angel from the tree and shop for a child or senior citizen in need. Cyprus also accepts cash donations on behalf of the program.
Todd Adamson, President of Cyprus Credit Union was overwhelmed by the response this year, “To see our members and the community come together to help others is truly inspiring. It brings to life our credit union philosophy of people helping people.”

This marks more than $50,000 in donations since Cyprus Credit Union got involved in 2006.


October 18, 2012

Cyprus Credit Union Employee recognized as Volunteer of the Year by Utah Scholars


Andrea Cox, Utah Scholars Program Coordinator (left) presents the Outstanding Volunteer of the Year award to Cyprus Credit Union’s Kim Gilbert (right).

Kim Gilbert, Regional Branch Manager at Cyprus Credit Union was honored as Outstanding Volunteer of the Year by Utah Scholars, a program conducted through the Utah Board of Regents and the Utah System of Higher Education. Utah Scholars works with local business and education leaders to encourage middle school students to pursue a more rigorous course of study starting in the ninth grade.

Kim is one of more than 15 Cyprus employees who participate in the Utah Scholars program, “We find it very rewarding to work with the students. It is great feeling when the students get excited about going to college and really start that conversation. We really enjoy being involved with Utah Scholars and we’re committed to support them in the future.”

In 2011 Kim Gilbert gave more than 25 presentations at local Junior High Schools explaining the benefits of the Utah Scholars program to eighth grade students. The credit union as a whole gave more than 50 presentations in 7 partner schools. Cyprus has been a partner since the inception of Utah Scholars in 2006 and has previously been honored as the 2008 and 2009 Exemplary Business Partner of the Year.

About Cyprus Credit Union
Cyprus Credit Union is the oldest active credit union in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. Throughout the years the credit union has maintained a spirit of service in our community. It is in this same spirit that Cyprus will continue to serve and give to local communities for many years to come.
About Utah Scholars
The Utah Scholars Initiative began in 2006 as part of the National State Scholars Initiative and currently works with ten partner districts informing teachers, parents, counselors and students about the importance of academic preparation. The Utah Scholars Initiative brings business, community, and higher education leaders into Utah middle and Jr. high school classrooms where they discuss with students the benefits of working hard in high school and continuing their educational training beyond graduation.  By May 2012 Utah Scholars volunteers gave 699 presentations encouraging 22,838 student in 11 school districts to pursue a more rigorous course of study in high school . Students who meet the academic requirements are eligible to apply for college scholarships through the Utah State Board of Regents.


June 29, 2012

Cyprus makes a $15,000 donation to The Ride For Life

The Ronald McDonald house provides shelter and support for families of sick children receiving life-saving care in the Salt Lake area. Cyprus Credit Union wants to ensure that each and every family gets the help they need. On Friday Cyprus made a donation of $15,000 to The Ride For Life. Organized in 2006 by KUTV Channel 2 news anchor Mark Koelbel, this fun event invites motorcyclists from the greater Salt Lake area to raise money for a great cause.

The generosity of credit union members gave Cyprus the opportunity to donate $15,000 to the 2012 Ride For Life. This annual donation has become a tradition for Cyprus Credit Union. Since 2009 Cyprus members have donated more than $35,000 to the Ride for Life.

This donation was raised through Cyprus Credit Union’s annual skip a payment program. Members have the option to skip a loan payment for a donation of $30. Cyprus Credit Union’s donation, along with other sponsors, make it possible the Ronald McDonald House to provide a safe place for families to stay so they can focus on healing their child regardless of their ability to pay.

The 2012 Ride For Life is Sunday, July 15, 2012. Your $25 registration includes a $8,000.00 poker run, breakfast and lunch, a t-shirt, bandana and access to the rider party in Wendover. For tickets and information visit www.kutvrideforlife.com.


June 1, 2012

Cyprus Donates $50,000 to Primary Children’s

Cyprus Credit Union gave $50,000 to Primary Children’s Medical Center at the 2012 telethon. The generosity of credit union members gave Cyprus the opportunity to donate to the children’s hospital. This annual donation has become a tradition for Cyprus Credit Union. Since 2003 Cyprus members have donated more than $500,000 to Primary Children’s Medical Center.

This donation was raised through Cyprus’ annual skip a payment program. Members have the option to skip a loan payment for a donation of $30. Primary Children’s Medical Center provides care to all children regardless of their ability to pay. Cyprus Credit Union’s donation, along with others collected through the telethon make it possible for every child to receive the treatment that they need regardless of their ability to pay.


May 31, 2012

Cyprus Credit Union Helps Kids Pay for College

West Jordan- As the cost of college tuition continues to increase, a solid understanding of personal finance is more important than ever. Six Utah high school seniors used their good sense with money to earn a college scholarship.

Each student submitted a written essay about the importance of financial education and a short video. Applicants got creative with video themes including testimonials about the importance of financial education in their daily life, financial advice for other young people and a financially themed cover of Billy Joel’s “Piano Man.”

Students were selected based on community involvement, leadership and academics. “We’re very proud of our 2012 Cyprus Credit Union Scholarship Recipients. In addition to academic achievement they have shown a commitment to their community which, as a credit union, aligns perfectly with our core values,” said Todd Adamson, CEO of Cyprus Credit Union. Recipients received a check for $1,000 towards their college education. 

Scholarship Recipients:
Tavia Nell, Herriman High School
Kevin Hale, Murray High School
Joseph Armstrong, West Jordan
Tanner Hurst, Kearns High School
Spencer Holmgren, Granger High School
Abbey Tuckett,  Herriman High School

About Cyprus Credit Union
Cyprus Credit Union is the oldest active credit union in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. Throughout the years the credit union has maintained a spirit of service in our community. It is in this same spirit that Cyprus will continue to serve and give to local communities for many years to come.


March 12, 2012

Cyprus Credit Union names Craig Nelson as Financial Investment Advisor.
Craig joins the credit union with more than 17 years of experience in banking and finance industry. He has previously worked as an independent advisor and most recently Craig was a financial and investment advisor at another Utah credit union.

He will provide specialized service and advice to credit union members looking for quality, long term investments “My goal is to provide our members with the highest standard of customer service. We work with our members to find the options that are right for their individual needs.”

In addition to Craig’s extensive experience in the financial industry, he also brings his passion for helping members. “Choosing the right investments and understanding financial markets is a daunting task. My goal is to work with members to help them find the investment options that are right for them.”

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


January 12, 2012

Cyprus Renovates Original Headquarters

Cyprus Credit Union has been committed to serving members since 1928. In the early years Cyprus was run from board members’ homes and Kennecott Copper offices.  In 1959, your credit union moved into its first formal office on Main Street in Magna, Utah.  After 20 years of prudent investment and growth Cyprus outgrew the small main street office and built the first credit union corporate office on 8400 west and 3500 south in 1979. 

The Magna location served as headquarters for Cyprus  for more than 25 years, growth of the credit union required a new operations center to ensure that Cyprus remain at the forefront of quality and service  and in 2004 central operations moved to their current headquarters in West Jordan. Over the years, like most buildings, the aesthetic of the Magna office became dated, landscaping over grew the building and some structural problems developed. 

“Last year, as we analyzed our options, it became clear that the original Cyprus headquarters in Magna was not only our heritage and history, but it was also a community landmark,” said Todd Adamson, Cyprus President and CEO.  With this sentiment in mind Cyprus began an extensive renovation of the building, which was completed in December. “This renovation reinforces our commitment to members and the community that utilize this historic office.  These improvements will ensure that we are able to serve the community of Magna now and well into the future.“ 

Completed renovations increase energy efficiency of the building and offer members new drive up lanes and an additional ATM.


July 26, 2011

Cyprus Credit Union Awards $25,000 to 100% For Kids Credit Union Education Foundation
--100% of Donation to Benefit Utah Classrooms--

Salt Lake City, UT (10/18/2011) – Cyprus Credit Union awarded $25,000 to the 100% For Kids Credit Union Education Foundation at the first annual Soles For Kids 5K fundraiser. This donation combined with proceeds from the 5K event directly benefits Utah students.

100% For Kids Credit Union Education Foundation provides classroom grants to Utah schools with funds donated by Utah’s credit unions. 100 percent of the donated funds from Cyprus Credit Union and other Utah credit union benefit individual classrooms in Utah. Since the program’s inception in 2002, more than 4,200 Utah classrooms have benefitted from 100% for Kids.

“This foundation was created by Utah’s credit unions as a way to support Utah’s classrooms and promote innovative teaching,” said Scott Simpson, Utah League of Credit Unions. “Generous donations such as this enable 100% For Kids to continue to enrich K-12 academics in our state. Cyprus Credit Union has been an integral partner in the success of 100% for Kids.” They’ve donated nearly $200,000 in the last 7 years.

100% For Kids Credit Union Education Foundation was established by the Utah League of Credit Unions to build on its strong commitment to education and provide assistance where it is needed most – in the classroom. Utah teachers are invited to apply for financial assistance for specific classroom needs by visiting www.100percentforkids.org.

Schools that have received previous grants have created music programs, built libraries, improved tools for teaching core curriculum, provided computers with new learning software and much more with their grants.


July 26, 2011

West Valley Branch Manager

Cyprus Credit Union named Mickie Brotherson as manager of the West Valley Branch located at 2769 South 5600 West in West Valley City.

Mickie has more than 15 years of credit union experience and extensive knowledge of credit union lending practices. She has held several positions within the credit union including several years as a loan officer and most recently an assistant branch manager.  In addition to her years of experience with Cyprus Credit Union, Brotherson also brings a passion for improving member’s financial lives.

“I love working for Cyprus. Many of our members are my friends and neighbors and I’m really looking forward to serving the community of West Valley City.” Brotherson said.

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 70,000 members and has assets totaling more than $550 million.


July 1, 2011

Cycling for a Cause

            For 25 years cyclists have gathered in Logan to ride 150 miles and raise awareness about Multiple Sclerosis. This year Cyprus Credit Union’s team had 75 riders, each of them dedicated to putting an end to MS. With the help of generous credit union members and individual fundraising, Team Cyprus donated more than $56,000 to the Utah chapter of the National Multiple Sclerosis Society.

Team Cyprus began in 2006 when their close friend and colleague Brett Hales was diagnosed with MS. Employees and friends wanted to do something to help, but weren’t sure where to start. When they found the MS 150 bike ride it was a perfect fit. The first team started with just 12 riders and has grown every year. In the five years the credit union has been participating in the ride, they have raised more than $285,000 for the Utah Chapter. The funds for this donation were raised through Cyprus’ annual skip a payment program. Members have the option to skip a loan payment for a donation of $30.

Donations made by Cyprus along with other teams at the MS 150 Bike Ride go toward research and local programs for those living with Multiple Sclerosis. “Every year we get closer to finding a cure for this terrible disease, until that happens donations like this ensure that people in our community living with MS will continue to benefit from programs and support from the MS Society,” said Hales. Together with their family members and caregivers, MS affects more than 13,000 people living in Utah.



June 7, 2011

Cyprus Gives $60,000 to Primary Children’s Medical Center

Thanks to the generosity of our great members, Cyprus Credit Union donated $60,000 to Primary Children’s Medical Center at the annual telethon on Saturday, June 4th. This donation has become a tradition for Cyprus Credit Union. Since 2003 Cyprus members have donated more than $460,000 to Primary Children’s Medical Center.

The funds for this donation were raised through Cyprus’ annual skip a payment program. Members have the option to skip a loan payment for a donation of $30. Andrea Barlow, Director of Marketing for the credit union, presented the check at the telethon, “We are excited and inspired by the generosity of our membership, making this annual donation to Primary Children’s Hospital possible. We know that every dollar donated will go to a local child in need.”

Primary Children’s Hospital provides care to all children regardless of their ability to pay. Cyprus Credit Union’s donation, along with others collected through the telethon, make it possible for every child to receive the treatment they need right in our own community.


April 30, 2011

Donation to the 2011 MS Walk

Cyprus Credit Union continued their commitment to fight MS with a donation of $12,680 to the 2011 MS Walk. Despite the cold temperatures and snow the credit union’s team of more than 80 employees, members, friends and family joined thousands of others in a 5K walk through downtown Salt Lake City in an effort to increase awareness of Multiple Sclerosis.

This is Cyprus Credit Union’s third year participating and thanks to generous support of credit union members, 2011 marks more than $30,000 in donations to the MS Walk. This donation was made possible through Cyprus Credit Union’s annual skip a payment program. Members have the option to skip a loan payment for a donation of $30. These funds will help support critical research and local programs for people affected by Multiple Sclerosis.


April 29, 2011

Cyprus Celebrates Arbor Day

Cyprus Credit Union management and employees gathered to continue an annual tradition of planting a tree in honor of Arbor Day. The fruit bearing pear tree was planted near the credit union’s recycling bins to remind staff and visitors to the credit union of our responsibility to the environment.

Cyprus continues to make recycling and conserving energy a priority for 2011 and the future. All departments use individual recycling bins for non secure paper waste. All non secure paper waste is recycled through Green Fiber, a company that collects and recycles paper waste and produces environmentally friendly insulation for home, businesses and schools. Cyprus has also reviewed and adjusted business hours at several branches to improve efficiency to members while saving on energy costs.

The credit union takes member privacy very seriously. Any documents with private information are stored in locked, secure shred bins inside the credit union offices. Documents are shredded on-site by Cintas Document Shredding in a mobile shred unit. After the documents are destroyed, Cintas recycles 100 percent of the shredded materials.

These efforts, combined with more efficient processes and programs are helping to reduce the impact of business on the environment. “We have to use paper to do business, but we don’t have to be careless about it,” said Steve Fifield Vice President of Sales and Service. “We are continuously looking for ways to decrease our paper waste and increase efficiency by automating programs and using digital alternatives. Our new Client Relationship Management tool has eliminated many paper forms saving the credit union and our membership time and money. While we may never eliminate paper from all of our processes, we can make every attempt to use only the minimum necessary.”


February 23, 2011

New Saratoga Springs Branch Manager

Cyprus Credit Union named Dustin Thomsen as manager of the Saratoga Springs branch located at 74 W. State Road in Saratoga Springs.

Dustin has more than seven years of credit union experience, great lending knowledge, and a bachelor's degree in Business Administration from the University of Utah.  In addition to years of experience with Cyprus Credit Union, Thomsen also brings his passion for improving member’s financial lives.

“I love working for Cyprus and I am really looking forward to serving the community of Saratoga Springs and getting to know our members,” Thomsen said.

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 70,000 members and has assets totaling more that $550 million.


December 6, 2010

Angel Tree

WEST JORDAN- It seems this year; perhaps more than any other, many Utah families will need extra help during the holiday season. In an effort to provide assistance those in need this holiday season The Salvation Army, KUTV Channel 2 and Cyprus Credit Union are proud sponsors of the Angel Tree Program.

Now through December 10th anyone interested in adopting an Angel you can visit any of 16 Cyprus Credit Union branch locations from Centerville to Saratoga Springs. Each branch has a tree decorated with Angels available for adoption. People can shop for an Angel or simply make a cash donation at any Cyprus Credit Union or by calling 260-7600 option 0. One Hundred percent of cash donations are used to supply the Salvation Army Angel Tree store with coats, shoes, snow boots, and other essential items. This year the goal is to help more than 10,000 local children and senior citizens.

The Angel Tree Program supports needy families; every dollar donated goes to a Utah child or senior citizen in need this holiday season. To find an Angel Tree near you or to make a donation call (801) 260-7600 ext. 5000.


June 3, 2010

Primary Children’s Medical Center Donation

WEST JORDAN, UT - Cyprus Credit Union gave $50,000 to Primary Children’s Medical Center at the annual telethon on Saturday, June 5th. The generosity of credit union members gave Cyprus the opportunity to donate to the children’s hospital.

Primary Children’s provides care to all children regardless of their ability to pay. Cyprus Credit Unions donation, along with others collected through the telethon; make it possible for every child to receive the treatment that they need regardless of their ability to pay.

This donation was raised through Cyprus’ annual skip a payment program. Members have the option to skip a loan payment for a donation of $30. Since 2003 Cyprus Credit Union has donated more than $400,000 to Primary Children’s Medical Center.

Andrea Barlow, Director of Marketing for Cyprus, presented the check at the telethon, “We are privileged to have such generous members at the credit union. We know that every dollar donated will go to a local child who needs it.”

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah.  Cyprus credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00.  Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more than $550 million. 


April 27, 2010

Earth Day at Cyprus Credit Union

WEST JORDAN, UT - Cyprus Credit Union management and employees gathered to continue an annual tradition of planting a tree in honor of Earth Day. The peach tree was planted near the credit union’s recycling bins to remind staff and visitors to the credit union of our responsibility to the environment.

Cyprus continues to make recycling and conserving energy a priority for 2010 and the future. All departments continue to use individual recycling bins for non secure paper waste. All non secure paper waste continues to be recycled through Green Fiber, a company that collects and recycles paper waste and produces environmentally friendly insulation for homes and businesses.

The credit union takes member privacy very seriously. Any documents with private information are stored in locked, secure shred bins inside the credit union offices. Once a week documents are shredded on-site by Cintas Document Shredding in a mobile shred unit. After the documents are destroyed Cintas recycles 100 percent of the shredded materials.

These efforts, combined with more efficient processes and programs are helping to reduce the impact of business on the environment. “We have to use paper to do business, but we don’t have to be careless about it,” said Steve Fifield Vice President of Sales and Service at the credit union. “We are continuously trying to decrease our paper waste by automating programs and using digital alternatives. We recently implemented our new Client Relationship Management tool. This new system has eliminated many paper forms saving the credit union and our membership time and money.  While we may never eliminate paper from all of our processes, we can make every attempt to use only the minimum necessary.”

Earth Day at Cyprus Credit Union

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


March 30, 2010

New Branch Mananger

Cyprus Credit Union announces the promotion of Juan Andrade as manager of the 4700 South branch located at 3578 West 4700 South in West Valley City.

Andrade has been with Cyprus Credit Union since 2003. He brings experience in lending, collections, branch responsibilities to his new position. Andrade is currently pursuing a degree in business management from the University of Phoenix and is fluent in Spanish.

“I love working at Cyprus and I am really looking forward to serving the West Valley community and getting to know our members. My goal is provide friendly service to all of our members and continue to be involved in our local community,” Andrade said.  

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


September 29, 2009

West Jordan- Cyprus Credit Union named  2009 Business of the Year by Chamber West

ChamberWest named Cyprus Credit Union Business of the Year for 2009 at their Annual Awards Gala held September 17th at Salt Lake Community College. Cyprus was chosen for their significant contributions to the communities of  West Jordan, Taylorsville and  Kearns.  Involvement with Junior Achievement and the Utah Scholar’s Association has given the credit union and its employees the chance to make a difference in the lives of students in their community. Cyprus employees volunteer in elementary, junior high and high schools through reality towns and classroom presentations. The credit union takes an active role in educating young people about healthy saving and spending habits. In 2009 Cyprus has participated in dozens of different educational events and presentations. Cyprus also partnered with the West Jordan Rotary club to donate more than 450 dictionaries to third grade students at Hayden Peak, Mountain Shadows, and Copper Canyon elementary schools.

Cyprus understands that while education is very important for youth in our area, play is important too. When the credit union was contacted by Kaboom to work on a park in Kearns, they jumped at the chance to be involved. Kaboom is an organization who helps build play spaces for under privileged and low income neighborhoods. Ten credit union volunteers worked hard to assemble and install a brand new playground system and rebuild a baseball diamond including dugouts, bleachers, and scoreboards for Kearns pony league baseball.

The credit union’s efforts extend beyond local schools. They are also involved in projects with the West Jordan Senior Center, 100% for Kids Foundation, the Multiple Sclerosis Society of Utah, The Salvation Army’s Angel Tree Program and Primary Children’s Medical Center.

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


June 27 & 28, 2009

Cycling for a Cause

            Thousands of cyclists turn out for the annual MS 150 in Logan. The purpose: have fun and fight multiple sclerosis while doing it. This year Cyprus Credit Union’s team had nearly 40 riders. Each of them dedicated to putting an end to MS. With the help of generous members of the credit union Team Cyprus was able to raise nearly $60,000 for the Utah chapter of the National Multiple Sclerosis Society.

Cyprus started their team in 2006 when close friend and colleague Brett Hales was diagnosed with MS. Employees and friends wanted to do something to help, but weren’t quite sure what that was. Then they found the MS 150 bike ride. Their team started with just 12 riders and has grown every year. In the four years the credit union has been participating in the ride, they have raised more than $200,000 for the Utah Chapter.

MS is a devastating disease that slowly breaks down the nervous system and can cause loss of muscle control. The ride gives employees and friends of Hales a way to help him and others in the fight against MS. There are more than 400,000 Americans with multiple sclerosis. The typical age of diagnosis is between 20 and 50. Together with their family members and those who care for them, MS affects more than one million Americans, 13,000 of whom live in Utah.

The money raised at the MS 150 goes toward research and provide local programs to those living with multiple sclerosis. Programs include financial assistance, college scholarships, information and referral, physical therapy and exercise classes, professional and community education, seminars, family social events, advocacy, workshops and support groups, and a lending library.

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah.  Cyprus credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00.  Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front.  The credit union currently serves more than 72,000 members and has assets totaling more than $550 million.


June 30, 2009

Cyprus Credit Union honored by Utah Scholars as Business Partner of the Year

WEST JORDAN-Cyprus Credit Union has been honored as 2008 Exemplary Business Partner of the Year by the Utah Scholars Association, a program conducted through the Utah Board of Regents and the Utah System of Higher Education. This is Cyprus Credit Union’s second consecutive award as business partner of the year. Utah Scholars works with local business and education leaders to encourage high school students to pursue a more rigorous course of study in the ninth grade.

Cyprus employee Trevor Riley was honored as Outstanding Volunteer of the year for his work in Davis County schools. Riley gave more than 20 presentations to eighth grade students during the 2008 school year. The credit union as a whole gave more than 30 presentations in 7 partner schools. The credit union has been a partner since the inception of Utah Scholars in 2006.

Karen Seo, Business Relationship Manager for the credit union, organizes, recruits and trains credit union employees to participate in the program, “Our employees find it very rewarding to work with the students. It is great to have so many colleagues that are involved in the community. We really enjoy being involved with Utah Scholars and hope that we can continue to support them in the future.”

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah.  Cyprus credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00.  Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front.  The credit union currently serves more than 72,000 members and has assets totaling more than $550 million. 


May 30, 2009

Cyprus Credit Union gave $50,000 to Primary Children’s Medical Center

WEST JORDAN, UT - Cyprus Credit Union gave $50,000 to Primary Children’s Medical Center at the annual telethon on Saturday, May 30th. Thanks to the generosity of credit union members they were able to donate to the children’s hospital.

Primary Children’s provides care to all children regardless of their ability to pay. Cyprus Credit Unions donation, along with others collected through the telethon; make it possible for every child to receive the treatment that they need.

This money was raised through Cyprus’ annual skip a payment program. Members have the option to skip a loan payment for a donation of $30. Since 2003 Cyprus Credit Union has donated more than $300,000 to Primary Children’s Medical Center

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah.  Cyprus credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00.  Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front.  The credit union currently serves more than 72,000 members and has assets totaling more than $550 million. 


May 26, 2009

Cyprus Credit Union and David Archuleta Work to Crush MS

WEST JORDAN, UTAH – When Cyprus Credit Union was ready to make their annual donation to the National Multiple Sclerosis Society they knew who to call for help, American Idol contestant David Archuleta. Multiple Sclerosis has affected the credit union in a very personal way. Former credit union Vice President Brett Hales was diagnosed with MS in 2005. Since then Cyprus Credit Union has taken an active roll in the fight against this disease. Since 2004 the credit union and its members have donated more than $260,000 to the Utah chapter of the National Multiple Sclerosis Society through the MS Walk and MS 150 Bike Ride.

This year Cyprus enlisted the help of, American Idol Season seven runner-up and Murray, Utah native, David Archuleta. Hales has been a close friend to the Archuleta family for many years. When David found out about Brett’s diagnosis he wanted to help bring awareness to MS and join the fight to find a cure.

David came by the credit union’s corporate office in West Jordan, Utah to present a check for $50,000 to Crush MS, a foundation set up in cooperation with David. All of the money raised goes directly to the Utah Chapter of the National Multiple Sclerosis Society.  After presenting the check David stayed to sign autographs and take photos with nearly 200 excited fans.

Media attention from local television and newspapers and many David Archuleta fan sites has generated more than $6,000 in private donations to Crush MS. Cyprus was honored to partner with David in the ongoing fight to Crush MS.


April 22, 2009

Cyprus Credit Union Plants a Tree for Earth Day

West Jordan, UT- Cyprus Credit Union management and employees gathered today to plant a tree in honor of Earth Day. The flowering cherry was planted near the credit union’s recycling bins to remind staff and visitors to the credit union of our responsibility to the environment.

Cyprus has made recycling and conserving energy a priority for 2009 and the future. All departments now have individual recycling bins for excess paper waste. All non secure paper waste is now being recycled through Green Fiber, a company that collects and recycles paper waste and produces environmentally friendly insulation for homes and businesses.

The credit union takes their member’s privacy very seriously. Any documents with private information are stored in locked, secure shred bins inside the credit union offices. Once a week the documents are shredded on-site by Cintas Document Shredding in a mobile shred unit. After the documents are destroyed Cintas recycles 100 percent of the shredded materials.

These efforts, combined with other credit union initiatives are helping to reduce the impact of business on the environment. “We have to use paper to do business, but we don’t have to be careless about it,” said Steve Fifield Vice President of Sales and Service at the credit union. “We are continuously trying to decrease our paper waste by automating programs and using digital alternatives. While we may never eliminate paper from all of our processes, we can make every attempt to use only the minimum necessary.”

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


March 20, 2009

Corporate Credit Union News

Last Friday, March 20, 2009, the National Credit Union Administration (NCUA) placed into conservatorship (took over) two large credit unions. The NCUA is the independent federal agency that regulates, charters and supervises federal credit unions. The NCUA is backed by the full faith and credit of the U.S. government,. The NUCA is to credit unions as the Federal Deposit Insurance Corporation (FDIC) is to banks.  The NCUA took control of:

  • U.S. Central Federal Credit Union (U.S. Central), Lenexa, Kansas; serves 26 corporate credit unions.
  • Western Corporate Federal Credit Union (WesCorp), San Dimas, California; serves 1,100 credit unions.

These two very large credit unions are Corporate credit unions and only have other credit unions as their members.  Neither credit union provides services directly to consumers.  These corporate credit unions take deposits from other credit unions and process payments for regular credit unions, like share drafts, ACHs, wire transfers, etc. Cyprus does not have a direct relationship with either of these two corporate credit unions.  Our corporate credit union is SunCorp, which is based out of Colorado. 

News articles have already been published about the NCUA conservatorship of these two credit unions.  This conservatorship should have NO affect on Cyprus Credit Union or our members.  As a nation we are going through a crisis that has not been seen since the great depression of the 1930’s. The NCUA took action to help stabilize the corporate credit union system in these extraordinary times.

In general, the conservatorship of these two corporate credit unions was caused by their investments in mortgage products that are now showing large paper losses.  These investments had some of the highest (best) ratings available when they were purchased, but as the housing bubble burst, the investments declined in value.  There is much speculation as to whether the decrease in value will ultimately be realized or if it will be less than what they currently show.  The reason for the uncertainty is that no one wants to buy an investment that they are not sure where the ultimate value will end up.  As home prices stabilize and borrowers either keep or walk away from their home, the uncertainty will go away and the investments will show an accurate price because investors will start buying and selling these investments again.

It is important to know that NO public money has ever been used to bail out a credit union, even during these unprecedented times.   As a matter of fact, credit unions were not included in the financial institutions that could receive Troubled Asset Relief Program (TARP) money.   As an industry, when a credit union has troubles, it is dealt with within the credit union movement and without any tax payer dollars. The NCUA has stated that they will continue to take any and all steps necessary to preserve a well-functioning system of corporate credit unions and to protect the assets of natural person credit unions and their members during the ongoing broader financial market dislocation.

Overall, natural person credit unions, like Cyprus, remain very strong.  As an industry, we have net worth exceeding 10 percent of assets, healthy growth in assets, membership, and loan portfolios despite the difficult economy.  While things are expected to get worse before they get better, credit unions are generally expected to fair better than other financial institutions. Cyprus started to make changes to strengthen our financial position in late 2006 as we saw the economy start to slow.  Over the last year we have implemented many income generating and expense control items to help ensure we continue to serve you, our valuable members through these difficult times.

It is important to note:

  • Cyprus is safe and sound. We are well capitalized (rainy day fund) and we can weather this storm.
  • Member’s Shares are insured for at least $250,000 dollars and even more with joint members.
  • We have money to loan at great rates.
  • Mortgage rates are fantastic right now and it is not as difficult as the news would make it seem to get approved for a loan.
  • We have a full service Business Services Department that can work with small businesses through these tough times.
  • As a nation, we will get through this and will come out stronger than ever.

Respectfully,
Todd Adamson
President/CEO
Cyprus Credit Union


March 19, 2009

Cyprus Credit Union is Offering Free Financial Seminars

WEST JORDAN- Cyprus Credit Union is hosting two free seminars this month. The general public is welcome to attend either seminar. Small business owners are invited to attend a seminar on ways to continue to grow business in an economic downturn. Guest speakers from Acento Advertising will share five key marketing strategies to help small businesses maintain and grow visibility, marketability and profitability. The seminar will be held Thursday March 26th at 6:00pm at Cyprus Credit Union’s corporate office in Jordan Landing. To reserve your seat at the small business seminar contact Karen Seo at 260-7600 ext. 5272.

Many people have heard about a reverse mortgage, but might not have all the facts. Cyprus Credit Union is offering a free informational seminar discussing the benefits and drawbacks of getting a reverse mortgage. A reverse mortgage can a useful tool for people 62 and older to increase their income in their retirement years. The seminar will be held Tuesday, March 31st at noon at Cyprus Credit Union’s corporate office in Jordan Landing. Lunch will be provided. You do not need to be a member of the credit union to attend. To reserve your seat at the reverse mortgage seminar contact Joan Draney at 260-7630. Cyprus Credit Union’s corporate office is located in Jordan Landing at 3876 West Center View Way.


February 9, 2009

West Jordan- Karen Seo Named 2008 Business Woman of the Year by West Jordan Chamber of Commerce.

The West Jordan Chamber of Commerce named Karen Seo, Business Development Officer of Cyprus Credit Union, as 2008’s Business Woman of the Year. Seo was chosen for her significant contributions to the West Jordan community; most notably she served as chair of the Chamber’s ambassador committee. Seo is a member of the West Jordan Women In Business organization, a board member for Chamberwest, an advisory board member for the Academy of Finance for Granite and Jordan School Districts, and a board member for 100% For Kids credit union charity.

“Karen has spent much of her career giving back to the community and we wanted to honor her for her hard work and dedication to residents, business partners and neighbors of West Jordan,” said Craig Dearing, President of the West Jordan Chamber. Seo received her award at the Share the Magic awards dinner held Friday, February 6th at Salt Lake Community College’s Jordan Campus. Seo has been a member of the Chamber for three years and has served on many different committees and boards benefiting the community.

Karen is a proud graduate of the University of Utah and has been in the credit union industry for 25 years. She was previously the Vice President of Operations for University of Utah Credit Union, Vice President of Credit Union Services for the Utah League of Credit Unions and an Account Vice President at CUNA Mutual Insurance Group. 


January 6, 2009

WEST JORDAN-   Tough economic times in 2008 had some people questioning the possibility of a Merry Christmas.  Thanks to the Salvation Army’s Angel Tree Program 13,000 Utah families enjoyed the holidays. In an effort to provide that assistance the Salvation Army, KUTV Channel 2 and Cyprus Credit Union are proud sponsors of the Angel Tree Program.

From November 24th through December 13th members and patrons of Cyprus Credit Union adopted hundreds of Angels and donated thousands of dollars to the program. One Hundred percent of cash donations were used to supply the Salvation Army Angel Tree store with coats, shoes, snow boots, toys, games, and other essential items.

“It is staggering to think of how many Utah families were in need this year,” said Todd Adamson, President and CEO of Cyprus Credit Union “ to see our membership and community come together and make a difference for their neighbors is inspiring.”

The Salvation Army reported an estimated 30 percent increase in Angel Tree applicants. They were concerned that with a tough economy donations might be down in a year when so many needed help. “We were very concerned that we might have kids that go without this year,” said Julianne Harbaugh, Coordinator for the Christmas assistance program. “It was amazing to see how generous people can be. We were getting calls every day asking for pick-ups. The gifts just kept coming in.”

It seems that 2008, a year that has been hard on so many people, brought out the best in our community.  “We are so grateful to everyone who participated in the Angel Tree program. It just continues to prove that even in the toughest of times people have not lost their spirit of helping a neighbor in need,” says Adamson.

The Angel Tree Program supports needy families; every dollar donated went to a Utah child or senior citizen in need this holiday season.

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 15 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


December 10, 2008

Cyprus Credit Union Awards $25,000 to 100% For Kids Credit Union Education Foundation

--100% of Donation to Benefit Utah Classrooms--

Salt Lake City, UT - Cyprus Credit Union awarded $25,000 to the 100% For Kids Credit Union Education Foundation as a way to further promote quality and innovative education in Utah’s schools.

100% For Kids Credit Union Education Foundation provides classroom grants to Utah schools with funds donated by Utah’s credit unions. 100% For Kids uses 100 percent of the donated funds from Cyprus Credit Union and other credit union contributors to benefit individual classrooms in Utah.

“This foundation was created by Utah’s credit unions as a way to support Utah’s classrooms and promote innovative teaching,” said Scott Simpson, Utah League of Credit Unions. “Generous donations such as this from Cyprus Credit Union further enable 100% For Kids to continue to enrich K-12 academics in our state.” Cyprus Credit Union has donated over $100,000 in the last 5 years.

100% For Kids Credit Union Education Foundation was established in 2002 by the Utah League of Credit Unions to build on its strong commitment to education and pool the state’s resources in providing assistance where it is needed most – in the individual classroom. Utah teachers are invited to apply for financial assistance for specific classroom needs.

Schools that have received previous grants have created music programs, built libraries, improved tools for teaching core curriculum, provided computers with new learning software and even built airplanes with their grants.

About 100% For Kids Credit Union Education Foundation
This year, 100% For Kids has reached more than $5 million in grant funds awarded to Utah schools since its inception in 2002. For additional information or to make a donation, please contact: Foundation Coordinator Liz Bourne, 1805 S. Redwood Rd., Salt Lake City, UT 84104, (801) 887-2329 or visit: www.100percentforkids.com.


December 4, 2008

WEST VALLEY CITY- Cyprus Credit Union has opened its 16th branch in the Salt Lake Area. This new branch located at 2769 South 5600 West in West Valley.

Cyprus Credit Union has named Kim Gilbert as the manager of the new 5600 West branch.  Gilbert has been with the credit union since 2001 and was previously the branch manager of the credit union’s Midvalley location. Gilbert serves as the credit union’s Regional Branch manager for all northern branch locations.  Gilbert says, “Cyprus Credit Union is dedicated to providing our members with outstanding service and great financial products. We are very excited to continue to grow in the West Valley community.”
Cyprus celebrated the new location with a grand opening event and ribbon cutting ceremony on Thursday, November 20th. Community members  were invited to attend and enter to win a $1,000 certificate account giveaway.
Hours for the new West Valley location are Monday through Friday 9am to 5pm, Saturdays 9am to 1:30pm in the lobby and drive up service available until 6pm weekdays and 1:30pm Saturdays. This location also offers a 24 hour ATM and night deposit drop.

About Cyprus Credit Union

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 16 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


November 19, 2008

WEST JORDAN- It seems this year, perhaps more than any other, many Utah families will need extra help during the holiday season. In an effort to provide that assistance the Salvation Army, KUTV Channel 2 and Cyprus Credit Union are proud sponsors of the Angel Tree Program.

Starting November 24th people can visit any of 16 Cyprus Credit Union branch locations from Centerville to Saratoga Springs to adopt an Angel.  Each branch will have a tree hung with Angels available for adoption. People can shop for an Angel or simply make a cash donation at any Cyprus Credit Union or by calling 260-7600 ext. 5000. One Hundred percent of cash donations are used to supply the Salvation Army Angel Tree store with coats, shoes, snow boots, and other essential items.

The Angel Tree Program supports needy families; every dollar donated goes to a Utah child or senior citizen in need this holiday season. To find an Angel Tree near you or to make a donation call (801) 260-7600 ext. 5000


October 27, 2008

WEST JORDAN- The economic conditions on Wall Street are uncertain to say the least. People need a safe place to grow their money. In response to failing returns on Wall Street, Cyprus Credit Union is now offering two certificate accounts with high returns. You now have the option of a six month certificate at 3.75 percent  or a twelve month certificate at 4.25 percent annual percentage yield.

These rates are good for a limited time on new deposits of $1,000 or more. Certificate accounts can be opened at any Cyprus branch location. For a complete list visit www.cypruscu.com

There is no safer place than a credit union. Cyprus Credit Union accounts are insured by the National Credit Union Insurance Fund and backed by the full faith and credit of the United States government. Every credit union account is insured up to $250,000. Not a single dollar has ever been lost by a federally insured credit union.


October 14, 2008

Kearns Kids Have New Place to Play

Kids in Kearns now have a brand new playground thanks to the help of community business partners. On October 9th more than 100 volunteers assembled and installed a large playground system. They also rebuilt a baseball diamond including dugouts, bleachers, and scoreboards for the Kearns Pony league baseball organization.

Ken Garff Chysler Dodge in cooperation with the Chrysler Foundation teamed up with Kaboom. Org, an organization who helps build play spaces for under privileged and low income areas across the U.S.

“We got to meet a lot of great people and help a community that was very much in need,” Said Brooke Bennion, branch manager for Cyprus Credit Union.  Cyprus sent 10 employees to help with the project. Bennion continued “It was a lot of work, but it was worth it. These kids deserve a safe playground and a baseball field that they can be proud of.”

Volunteers worked from 7:30 am to 3:00 pm. Once the project was completed community members and kids that will benefit from the project were invited to a ribbon cutting ceremony. The located at 4300 South and 4800 West is open to the public.


September 17, 2008

WEST JORDAN- Cyprus Credit Union names Todd Johnson Director of Business Services.

Johnson joins the credit union with more than eight years of experience in banking and finance industry. He has previously held positions as a credit analyst and relationship manager with Zions bank. Most recently Johnson was a partner and lending manager of Your Home Mortgage Company.

He will provide specialized service to new and existing business members of the credit union, including business lending. “My goal is to provide the businesses in our community with the highest standard of customer service. We have great products and services to offer our local businesses. From start ups to standing businesses, I know we can make a difference for our members.”

Cyprus Credit Union offers a variety of business products and services for any size business. Johnson along with his business services team will help members open new savings and checking accounts, finance business loans, conduct free seminars for business members and much more.

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. Cyprus has grown from a single branch in Magna to more than 15 locations along the Wasatch front. The credit union currently serves more than 72,000 members and has assets totaling more that $550 million.


August 15, 2008

WEST JORDAN, Utah – Cyprus Credit Union announced today that President/CEO Dale E. Catten will retire January 9, 2009 after 31 years of dedicated service. Cyprus Credit Union Executive Vice President S. Todd Adamson will succeed Catten as CEO.

“The Credit Union owes Mr. Catten its deepest appreciation for his dedication and commitment to Cyprus, its members, and the community over the past 31 years,” says Adamson. Catten has served as CEO of Cyprus Credit Union since1995, having worked in many positions within the organization since 1978 including 14 years as Executive Vice President.

Catten has been the driving force for Cyprus through significant technological advancements and financial growth. He has helped the credit union increase its assets from $23 million in 1978 to over $550 million today and has been instrumental in expanding the branch network from a single location in Magna, to 15 branches along the Wasatch Front.

As membership at Cyprus has grown to over 72,000 strong, Catten maintains close relationships with many members and has a deep concern for the well being of every member at the credit union. His philosophy for the credit union has always been “people helping people” and that principle has guided every decision made by Cyprus.

Catten says, “Working for the credit union, alongside such a dedicated staff has been one of the most rewarding experiences of my life, and after 31 years I am grateful to have had such a fulfilling and satisfying career.” He thanks the Board of Directors for their dedication and support.
 
Catten began his credit union career in 1974 with the Utah League of Credit Unions, working in the Auxiliary League Service Corporation. He has held director positions on the SunCorp Corporate and Rocky Mountain Corporate Credit Union boards. He also served on the Oquirrh Chapter board of directors and on the Credit Union Service Centers of Utah board of directors. 

Catten, with his wife Patty, plans to retire in Southern Utah, enjoying the scenery, relaxing and spending time with his children and grandchildren.


August 12, 2008

Spanish Seminar Aims to Give People the Basics of Finance

WEST JORDAN- Cyprus Credit Union is hosting a free seminar on financial basics presented in Spanish. The seminar will be held on Thursday August 21st at 6:30 pm at Cyprus Credit union’s corporate office in Jordan Landing. The seminar will provide attendees with information about the many different tools needed to have a solid financial base. Topics will include savings and checking accounts, direct deposit, auto loans, and credit cards. To reserve your seat at the seminar contact Esmeralda at 260-7600 ext. 5932. Cyprus Credit Union’s corporate office is located in Jordan Landing at 3876 West Center View Way.


August 12, 2008

Winter Skip-A-Payment Program

Description
Qualifying members receive a mail piece from Cyprus Credit Union inviting them to take advantage of the Skip-A-Payment program. For a donation of $30 members can skip one loan payment in November or December. Members must be in good standing with the credit union and meet certain loan qualifications to participate.

Cyprus Credit Union covers the cost of the mail piece and return postage which allows 100 percent of donated funds to go directly to Primary Children’s Medical Center. Each year at the Primary Children’s Telethon the credit union presents a check to the hospital.

History
Since 2003 Cyprus Credit Union has donated more than $250,000 to Primary Children’s Medical Center.  In the past two years the Cyprus has donated $90,000.

Participation and Donations
In the last two years we have had approximately 1500 people participate in the Skip-A-Payment program.


July 3, 2008

Cycling for a Cause

Thousands of cyclists turn out for the annual MS 150 in Logan. The purpose: have fun and fight multiple sclerosis while doing it. This year Cyprus Credit Union’s team had nearly 50 riders. Each of them dedicated to putting an end to multiple sclerosis. With the help of generous members of the credit union Team Cyprus was able to raise nearly $60,000 for the Utah chapter of the National Multiple Sclerosis Society.

“We started our team in 2006 when our close friend and colleague Brett Hales was diagnosed with MS,” said Brian Smith, team captain. “We all wanted to do something to help, but weren’t quite sure what that was. Then we found the MS 150. We started with a team of 12 riders and have grown every year since.” In the three years the credit union has been participated in the ride, they have raised nearly $150,000 to the Utah Chapter.

The ride gives employees and friends of Hales a way to help him and others in the fight against MS. There are more than 400,000 Americans with multiple sclerosis. The typical age of diagnosis is between 20 and 50. Together with their family members and those who care for them, MS affects more than one million Americans, 13,000 of whom live in Utah.


June 25, 2008

Cyprus Credit Union recognized by Utah Scholars as Business Partner of the Year 2008

WEST JORDAN-Cyprus Credit Union was honored as Business Partner of the Year by Utah Scholars, a program conducted through the Utah Board of Regents and the Utah System of Higher Education. Utah Scholars works with local business and education leaders to encourage high school students to pursue a more rigorous course of study in the ninth grade.

Employees of Cyprus Credit Union gave presentations at local Junior High Schools explaining the benefits of the Utah Scholars program to eighth grade students.  Since 2007 enrollment in the program has increased by 60 percent.  Cyprus was recognized for conducting more than 20 presentations at local schools.


July 9, 2007

Cyprus Credit Union Supports Charity

Cyprus Credit Union donated over $40,000 to the Utah chapter of the National Multiple Sclerosis Society’s MS 150 Bike Tour. This marks the second year that Cyprus has joined forces with the Utah chapter to “Start to Finish MS.”  Cyprus’s team of 38 riders spent two days winding through Cache Valley to support thousands of Utahn’s suffering from Multiple Sclerosis.
In conjunction with the skip a payment program over 1400 credit union members donated $30 in May and June. With so much support from members, Cyprus was ranked third overall for donations to the 2007 event.

Rachel Taylor, Corporate Development Manager for MS Utah said “Every dollar raised goes towards programs and research to fight MS. We provide information, programs and support to people with MS. Donations like these provide hope to every person affected by MS.”

There are more than 400,000 Americans with multiple sclerosis. The typical age of diagnosis is between 20 and 50. Together with their family members and those who care for them, MS affects more than one million Americans, 13,000 of whom live in Utah. Cyprus
more

Credit Union President, Dale Catten said, “Cyprus Credit Union is pleased to help
fight MS and support this great charity event. It is exciting to know our membership cares so much about our community.”


January 3, 2007

Dictionaries Donated to West Jordan Elementary Students

West Jordan, UT- Ascertain- (verb) to find out definitely; learn with certainty or assurance;a word most third graders may not know the meaning of. But thanks to a donation by to the West Jordan Rotary Club and Cyprus Credit Union, 482 students of West Jordan elementary schools now have the tools to find out. Each third grade student at Hayden Peak, Mountain Shadows, and Copper Canyon elementary school received a brand new dictionary.

West Jordan Rotary President Paul Turner says “There is not greater tool than a large vocabulary. We want to give kids in our community every opportunity to succeed.”  In 2006 nearly 2 million dictionaries were donated to children nation wide through the The Dictionary Project.  The West Jordan Rotary club has been donating dictionaries for more than five years and plans on keeping it up, “The kids get so excited to receive a new book. Many of them start flipping through the books and finding new words as soon as they have the book in their hands. Many students continue to use these dictionaries through out high school and college.”

In partnership with Cyprus Credit Union who donated the dictionaries, the rotary club was able to meet their goal of providing each student in their district with a dictionary.


December 5, 2007

Skate Free with the Community Recreation Association

West Jordan, UT - The Community Recreation Association and Cyprus Credit Union are sponsoring their annual Free Skate Day on Friday, December 28th from 5:30 to 7:30 p.m. There will be free admission and free skate rental Acord Ice Center in West Valley City located at 5353 West 3100 South. 

About The Community Recreation Association
The Community Recreation Association (CRA) is a non-profit organization, established to promote and support recreation activities in our communities.

Originally organized on April 2, 1942 by a group of Kennecott employees, the CRA donated uniforms and equipment to Magna little leagues and hosted numerous community events.

In 1978 the CRA was added to Cyprus Credit Union’s field of membership. Today, the Community Recreation Association’s volunteer Board of Directors regularly grants donation requests to little leagues, recreation centers, theater and dance groups, and community events.

To request a donation from the Community Recreation Association visit www.crautah.org


November 15, 2007

Cyprus Credit Union now open in Centerville 

SALT LAKE CITY, UT – Cyprus Credit Union celebrated the opening of their newest branch with a grand opening event on Thursday October 11th. Located inside the new Centerville Wal-Mart Super Center at 221 West Parrish Lane, this new location is the credit union’s first in Davis County location and its 15th full-service branch.
           
Management, the board of directors, staff and community members commemorated the occasion with a ribbon cutting ceremony followed by food and giveaways including a $1,000 certificate of deposit.

Cyprus Credit Union has named Trevor Riley as the manager of the new Centerville branch.  Riley has been with the credit union since 2004 and brings an lively atmosphere to this new location.  Riley says, “Cyprus Credit Union is dedicated to providing our members with outstanding service and great financial products. We are very excited to be a part of the Centerville community.”

Hours for the new branch are Monday through Friday 9:00 a.m. to 7:00 p.m. and Saturday 9:30 a.m. to 3:00 p.m.

About Cyprus Credit Union

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. All credit unions, regardless of their current size, started in the same manner; a group of individuals pooled their resources to provide affordable credit to each other. Unlike many other financial institutions, credit unions are owned by their members and overseen by a volunteer board of directors.


July 20, 2007

Cyprus to award earnings from game donations

SALT LAKE CITY, UT – Cyprus Credit Union will award $35,000 to the 100% For Kids Credit Union Education Foundation on Saturday, July 21, 2007, during the Real Salt Lake versus Everton FC half-time presentation.
Employees and members at Cyprus donated funds that were deposited into an account where the money was held until the presentation on Saturday.

Cyprus Credit Union employees will also have fundraisers throughout the evening that have been developed to earn more money for the Foundation. Mini Real soccer balls will be sold for $1. Toward the end of the game, the person who throws the purchased ball closest to the Cyprus Credit Union banner could win a variety of prizes.         
           
“We are honored to have Cyprus Credit Union offer this generous donation on behalf of an education foundation that supports Utah’s public classrooms,” said Liz Bourne, 100% For Kids Credit Union Education Foundation Coordinator. “The donations to the Foundation will help us improve Utah’s education by enhancing and expanding classroom-level resources and programs that support the credit union values.”

Utah credit unions, both large and small, have been assisting public education in various ways for years. In 2002, Utah League of Credit Unions formed Utah’s 100% for Kids Credit Union Education Foundation to build on its strong commitment to education and pool the state’s resources in providing assistance where it is needed most – in the individual classroom.

About 100% For Kids Credit Union Education Foundation
This year, 100% For Kids reached the $4 million mark in grant funds awarded to Utah schools since its inception in 2002. 100% of donations made to the 100% for Kids Credit Union Education Foundation will reach Utah classrooms, and not one cent is spent on administrative costs. To make a donation, please contact: Foundation Coordinator Liz Bourne, 1805 S. Redwood Rd., Salt Lake City, UT 84104, (801) 887-2329 or visit: www.100percentforkids.com.

About CyprusCredit Union

Cyprus Credit Union is a not-for-profit organization started in 1928 by a small group of Kennecott Copper Company employees in Utah. Cyprus Credit Union is among the oldest active credit unions in our state and started with assets totaling less than $100.00. All credit unions, regardless of their current size, started in the same manner. A group of individuals pooled their resources to provide affordable credit to each other. Unlike many other financial institutions, credit unions are owned by their members and overseen by a volunteer board of directors.