CYPRUS Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
34th30.3% deniedPricingmedian rate spread over APOR, weight 30%
33rd0.31 ptsProcesswithdrawn + incomplete share, weight 15%
53rd12.1%Closing coststotal loan costs ÷ loan amount, weight 10%
6th6.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,793 | 1,016 | 30.6% | 35.0% | 8.00% | $146M |
| 2024 | 1,844 | 1,060 | 29.7% | 34.0% | 6.49% | $182M |
| 2025 | 1,801 | 1,104 | 26.6% | 30.3% | 4.99% | $217M |
What CYPRUS Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1,244 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 41 investment properties.
Why CYPRUS Federal Credit Union denies applications
Primary reason reported for each of the 479 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at CYPRUS Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 98 | 38 | 55.3% |
| $50k – $100k | 516 | 301 | 34.0% |
| $100k – $150k | 529 | 338 | 28.5% |
| $150k – $250k | 446 | 303 | 21.7% |
| Over $250k | 172 | 92 | 36.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 25 | 14 | 22.2% |
| 25–34 | 254 | 145 | 31.0% |
| 35–44 | 505 | 280 | 36.9% |
| 45–54 | 485 | 313 | 28.5% |
| 55–64 | 302 | 195 | 26.1% |
| 65–74 | 154 | 111 | 22.4% |
| Over 74 | 59 | 29 | 40.8% |
Where CYPRUS Federal Credit Union lends
3 states and 27 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Utah | 1,799 | 1,104 | 26.5% | 4.99% | #16 |
Frequently asked questions
CYPRUS Federal Credit Union denied 30.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 34th percentile of home-equity (HELOC) lenders.
The most common reason CYPRUS Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 41.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans CYPRUS Federal Credit Union originated in 2025 was 4.99%, and its median rate spread over the average prime offer rate was 0.31 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 13% of its applications were for home purchases, 30% for refinancing (including cash-out), and 57% for home improvement or other purposes. By loan type: 97% conventional, 2% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.