Cyprus Credit Union: Branches, Accounts, Loans, and Membership

Cyprus Credit Union Overview

Cyprus Credit Union has a history that goes back to 1928, when 22 employees of Utah Copper Company founded the credit union. Since then, it has grown into the longest-serving credit union in Utah, serving a diverse membership across the state. Over time, it has expanded its footprint and product lineup to support members in more communities across Utah. In this Cyprus Credit Union overview, we break down its accounts, loans, credit cards, membership eligibility, branch footprint, and the best ways to contact customer service.

Expansion

Cyprus Credit Union has established branches throughout Salt Lake County and also serves members in southern Utah, with locations in key areas like West Valley City, Salt Lake City, Draper, and Sandy along the Wasatch Front. Its southern Utah presence includes Hurricane and St. George. For everyday access beyond branch hours, Cyprus belongs to Co-Op, a national ATM network that provides 30,000+ surcharge-free ATMs.

Cyprus has also expanded through a merger with Nebo Credit Union. On January 15, 2026, Nebo members voted to merge, and Nebo is now a division of Cyprus Credit Union, allowing members to continue using the Nebo branches in Springville, Spanish Fork, and Payson while gaining access to a larger statewide footprint. For members who travel or live part-time out of area, shared branching also adds 5,400+ in-person access points nationwide, depending on the participating locations. Cyprus reported 141,010 members in 2024 and was serving about 147,499 members with about 371 employees as of September 2025, showing how much it has grown over time.

Cyprus Credit Union Products and Services

Cyprus Credit Union offers a variety of financial products designed to meet members’ needs:

• Checking and savings accounts
• Personal loans, mortgages, and small business loans
• Credit cards for everyday spending or building credit
• Investment services and financial guidance through LPL Financial
• Medicare planning support
• Insurance services through Cyprus Insurance Services and TruStage Insurance Agency

Cyprus Credit Union Checking Accounts

Cyprus checking accounts include benefits that can make day-to-day money management easier and more accessible. Common features include:

• Online banking and the Cyprus CU mobile app
• A Visa debit card for purchases and transactions
• Access to a nationwide ATM network with no surcharges
• Overdraft protection options
• A variety of debit card designs
• Financial tools such as free credit score access and monitoring

cypruscu.com | Checking Accounts

Dream Rewards Checking

This is Cyprus’s rewards-style checking account. It’s built for members who use their debit or credit card regularly and want perks tied to that activity.

• $5 monthly account fee if you have fewer than $20 debit or credit card transactions in a month
• $0 monthly account fee with 20+ debit or credit card transactions each month
• Rewards-style benefits tied to card activity

Basic Checking

This is the simple, everyday option with core features and fewer moving parts.

• $0 minimum balance requirement
• Nationwide access to 30,000+ surcharge-free ATMs
• Visa debit card with Card Control capabilities
• Overdraft protection eligibility

Fresh Start Checking

This is a second-chance checking option for members rebuilding their account history.

• $25 to open
• $5 monthly service fee
• Online banking and mobile app access
• Visa debit card privileges
• No deposit fees
• Opportunity to upgrade to Basic Checking or Dream Rewards Checking after 12 consecutive months of responsible account management

Savings Accounts at Cyprus Credit Union

Cyprus Credit Union offers several ways to save, depending on whether you want an everyday savings account, a higher-rate option, or a longer-term plan. Most members start with a basic savings account to establish membership, then add options like money market accounts or certificates when they want to earn more on larger balances or set money aside for a specific goal.

The main savings options include a Share Savings account (the standard membership savings), Money Market accounts (typically designed for higher balances with tiered dividends), and Certificates (a fixed-term savings option that usually pays higher dividends in exchange for leaving funds untouched for a set period). Cyprus also offers IRA savings options for retirement and youth-focused savings programs that help kids and teens build good habits early.

Certificates of Deposit (CDs) at Cyprus Credit Union

Cyprus Credit Union offers CDs (called Certificates) for members who want a predictable, fixed-rate way to save. With a CD, you choose a term (the length of time you’ll leave your money in the account), and in return you typically earn a higher dividend rate than a regular savings account. CDs work well for goals like building an emergency fund cushion, saving for a down payment, or setting aside money you don’t plan to use right away.

Cyprus also offers a Dream Certificate, which is designed to be more flexible than a traditional CD. Depending on the specific terms, it may allow smaller starting deposits, add-on contributions during the term, and features like limited penalty-free withdrawal options—making it a good fit for members who want CD-level earnings but still want some flexibility.

Credit Cards at Cyprus Credit Union

cypruscu.com | Credit Cards

Cyprus Credit Union offers several Visa credit cards designed for different goals—building credit, keeping interest costs low, or earning rewards on everyday purchases. If you want a simpler card focused on lower interest, Low-Rate Visa is the option Cyprus highlights for that purpose. If you want rewards, you can choose Rewards Visa (points-based) or Cash Back Visa (cash back on purchases).

For members building or rebuilding credit, Share-Secured Visa is a secured option backed by your savings, and Visa for Teens is built for younger members getting started with credit (with a qualified co-signer).

Loans

cypruscu.com | Loans

Cyprus Credit Union offers a wide range of borrowing options designed for everyday needs and major purchases. On the personal side, that includes Unsecured (Signature) Loans for flexible expenses like debt consolidation or unexpected bills, plus Student Loans for education costs and refinancing through their lending options. 

For vehicles, Cyprus provides Auto Loans (including pre-approvals) and other vehicle financing options, and they also highlight specialty access like ITIN Lending for borrowers using an ITIN instead of a Social Security number. If you’re a homeowner, Cyprus also offers borrowing options tied to home equity, including HELOCs and Home Equity Loans.

Mortgages

Cyprus Credit Union’s mortgage lineup is built to cover both standard home purchases and more specialized scenarios. For buying a home, they offer Fixed-Rate Mortgages, Adjustable-Rate Mortgages (ARM), and government-backed options like FHA, VA, and USDA loans, along with Jumbo Loans, Investment Property loans, Portfolio Loans, and a 100% Purchase Program. 

For homeowners who already have a mortgage, Cyprus also offers refinance loans, including options to lower your rate or change your term, and they mention cash-out refinancing. Separate from first mortgages, Cyprus provides Home Equity Loans and HELOCs for members who want to borrow against the equity they’ve built, plus additional home-loan categories like Construction/Lot Loans. 

Who Can Join Chartway Credit Union?

You can become a member of Cyprus Credit Union if you meet at least 1 of the eligibility options below:

• Live, work, worship, or attend school in Salt Lake County, Utah
• Work for an eligible employer (Cyprus select employer list)
• Student or employee in Nebo, Juab, or Tintic School Districts
• Immediate family member of a Cyprus member, including parent, child, spouse, sibling, grandparent, grandchild, stepparent, stepchild, stepsibling, or adoptive relationship
• Live in a Utah county outside Salt Lake County and make a one-time $5 donation to the Community Recreation Association (CRA)

Conclusion

Founded in 1928 by 22 employees of Utah Copper Company, Cyprus Credit Union has grown into the longest-serving credit union in Utah and continues to expand its reach across the state, including through its Nebo Credit Union division. Today, Cyprus serves a large, statewide membership with convenient access through local branches, digital banking, and wide ATM availability.

Cyprus offers a full lineup of everyday financial products, including checking (Dream Rewards, Basic, and Fresh Start), savings and CDs, Visa credit cards, and a broad range of loans—from personal and auto loans to home equity options and mortgages. Membership is available to people who qualify through where they live, work, worship, or attend school, through an eligible employer, through family membership, or by making a $5 one-time donation to join through the Community Recreation Association.