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Preheat oven to 350°F (175°C). Grease and flour a loaf pan.
In a large bowl, cream together the butter, sugar, and cream cheese until light and fluffy.
Beat in the eggs one at a time, then stir in vanilla extract.
In a separate bowl, whisk together flour, baking powder, baking soda, and salt.
Gradually add dry ingredients to the wet mixture, mixing until just combined.
Fold in the cranberries gently.
Pour batter into the prepared loaf pan and smooth the top.
Bake for 55-65 minutes, or until a toothpick inserted in the center comes out clean.
Allow to cool in the pan for 10 minutes, then transfer to a wire rack to cool completely.
Serving and storage tips
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