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Cyprus Federal Credit Union in Utah
HMDA record for properties in Utah, calendar year 2024. National record · Utah overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Cyprus Federal Credit Union's 2024 HMDA record for Utah covers 1,840 applications, 1,060 of them originated, worth $182m.
Its denial rate in the state was 33.9%, above the Utah rate of 20.5% across all lenders and compared with the lender's national rate of 34.0%.
The median rate spread on its Utah originations was 0.4 percentage points (state median 0.4).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Utah | Utah, all lenders | Cyprus Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 33.9% | 20.5% | 34.0% | 24.3% |
| Median rate spread, pp | 0.4 | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 17.2% | 14.2% | 17.2% | 15.6% |
| Average originated loan | $172k | $343k | $172k | $329k |
| Home purchase share | 12.5% | 49.0% | 12.5% | 57.0% |
| FHA-insured share | 0.8% | 14.1% | 0.8% | 13.4% |
| VA-guaranteed share | 0.4% | 4.7% | 0.4% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateUtah, all lenders
Loan purpose and loan type in Utah
By purpose
Home purchase 13% (133)Home improvement 24% (256)Refinancing 2% (21)Cash-out refinancing 30% (318)Other purpose 31% (332)
By type
Conventional 99% (1,048)FHA 1% (8)VA 0% (4)
Denial reasons as coded
Share of 545 denials in Utah by first denial reason coded (outlined bar: all lenders in the state).
Counties in Utah
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 1,162 | 708 | $116m | 31.0% |
| Utah County | 293 | 153 | $33m | 40.3% |
| Davis County | 111 | 62 | $12m | 30.3% |
| Tooele County | 111 | 58 | $6.0m | 40.8% |
| Weber County | 40 | 21 | $5.8m | 36.4% |
| Washington County | 36 | 12 | $1.5m | 57.1% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Cyprus Federal Credit Union originate in Utah in 2024?
1,060 loans totalling $182m, from 1,840 applications reported for properties in Utah.
What is Cyprus Federal Credit Union's denial rate in Utah?
33.9% of decided applications in Utah were denied, against 20.5% for all lenders in the state and 34.0% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Utah counties does Cyprus Federal Credit Union lend in most?
By originations: Salt Lake County (708), Utah County (153), Davis County (62), Tooele County (58), Weber County (21).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Utah. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.