Utah CU Finishes Landmark Renovation
Cyprus Credit Union is Utah’s oldest credit union and has been serving members since 1928. In the early years, Cyprus was run from board members’ homes and Kennecott Copper offices. In 1959, Cyprus 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 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, 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/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,” said Adamson.
Completed renovations increase energy efficiency of the building and offer members new drive up lanes and an additional ATM.