What is a C.U.P. Loan by Federal Credit Union? How does it work?

Are you looking for funds for your project run by the federal union? Many loan programs provide funds to borrowers to start new businesses and improve or expand existing businesses in almost every state of America. Every program has different interest rates and terms.

In this blog article, we will discuss what kind of cup loan program the federal union runs and how borrowers benefit from these programs.

What is CUP Loan by Federal Credit Union?

What is a C.U.P. Loan by Federal Credit Union?

The Cup loan provided by the Federal Credit Union was established in 1950. This loan program benefits Utah citizens. In the case of the Cup loan provisioned by the Federal Credit Union, the term cup denotes a central Utah project.

What kind of benefits?

Use the portion of water from the Colorado River that flows through the state to help the Utah people put the federal water project in this place. 

This program aimed to serve the workers of the Reclamation Bureau of the U.S. in 1960. The reclamation bureau oversees the management of the country’s water resources.

These 1300 people share their news with workers and families from the reclamation bureau and four other groups related to utilities from Cup F.C.U. These groups are the Electrical Service District, Central Utah Water Conservancy District, Uintah Water Conservancy District, and Strawberry Water Users Association.

Who is Eligible?

If you work with any of the above five groups or are a family member of any of these groups, you can be considered; below are the criteria for eligibility for Cup F.C.U.

  • The borrower must be a citizen or permanent resident of Utah.
  • The borrower needs to put the employment details in the application
  • The borrowed credit worth must fulfill the needs of the eligible 
  • The borrower needs to clarify the purpose of the loan
  • Ensure the given detail is accurate

What are the application requirements?

The requirements of the cup F.C.U. Application area includes the following:

  • The application requires a social security number.
  • The application requires the housing type and P.M.T. housing details.
  • The application requires the employment details, including the employer’s phone number.

How to Apply for a Cup Loan?

First, visit the program’s official website to complete the application. Fill out all the necessary details about yourself and your business, including your mental status, desired term, purpose, and amount for which you apply for a loan. Also, describe the reason you want to apply for credit life insurance or credit disability insurance.

The application will require your details, including your name, email, account number, social security number, birthday, mother’s maiden name details, and home phone number. You must add your address’s street, city, state, zip, and housing P.M.T. details.

In the employee section, you must add the employer’s name, phone number, position, hiring date, and monthly gross income.

After you finish filling out the form, click the submit button. You will be notified within 24 hours; sometimes, it may take a week or several weeks.

How does a C.U.P. Loan by Federal Credit Union work?

Once you apply, you’ll receive a notification as soon as possible.

After they receive your credit points from your credit bureau, they will review your application and then determine your creditworthiness; after that, they will review the information that you put in the application, check your documents, and at the same time, they will call your office where you work off more identification.

Once they review the application, if your information meets the eligibility criteria, they will email you to inform you whether you are eligible.

If you want to learn more about this program in depth, you can contact them by email or phone.


Here are many more benefits of this loan program include:

  • If you select a cart or R.V. loan, you won’t have to pay interest for up to 3 months.
  • For two-year vehicle loans, the interest rate can be as low as 1.99%.
  • The R.V. loans offer a 5-12-year loan, and the interest rate range will vary from 7.39%-11.39%.
  • Overdrafts will have a 14% interest rate.

Contact Details

You can contact them at the address mentioned if you have any queries about the cup loan.

Get in touch:

Location: 302 E Lakeview Parkway Provo, UT 84606

Email Address: cupfcu@gmail.com

Phone Number: 801-374-1170


To apply for this cup loan program, visit the official website at www.cupcu.com.

The interest rates of vehicles range from 1.99% to 9.79% with a fixed term of 2-8 years.

The interest rates of R.V. loans range from 7.39%-11.39% with a term of 5-12 years.

You can check the interest rates on different types of loans on the official website.

The credit union offers the C.U.P. loan program and assists borrowers from five organizations.

If we talk about vehicle loans, it is equivalent to 120%. If your vehicle costs $8000 to $10000, you can receive up to $12000 loan amount.


This blog article covers everything about C.U.P. F.C.U. It also mentions other programs that offer direct deposits and savings options with checking or savings accounts.

If you belong to one of the five organizations I mentioned above, you will not need any support from any financial program other than the Federal Credit Union’s help.

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