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Overview / Commentary
1508 East Prospect
Ponca City, OK 74604

Cherokee Strip Credit Union is headquartered in Ponca City and is the 23rd largest credit union in the state of Oklahoma. It is also the 1,680th largest credit union in the nation. It was established in 1933 and as of March of 2014, it had grown to 14 employees and 8,468 members. Cherokee Strip Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Kay County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Cherokee Strip Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Cherokee Strip Credit Union had $43,000 in non-current loans and owned real-estate with $7.32 million in equity and loan loss allowances on hand to cover it. This gives Cherokee Strip Credit Union a Texas Ratio of 0.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Cherokee Strip Credit Union decreased dramatically from 1.56% as of March 31, 2013 to 0.59% as of March 31, 2014, resulting in a positive change of 62.25%.This indicates that the balance sheet and financial strength for Cherokee Strip Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Cherokee Strip Credit Union has decreased its total deposits by -$3.4 million, resulting in -4.16% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cherokee Strip Credit Union has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cherokee Strip Credit Union has $86.03 million in assets with $7.32 million in equity, resulting in a capitalization level of 8.51%, which is average.

Institution Statistics

NCUA #64281
Year Chartered1933
Primary Regulator
Assets and Liabilities
Assets$86.03 million
Loans$26.12 million
Deposits$78.42 million
Equity Capital$7.28 million
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$43,000
Real Estate Owned$0
Historic Data - March 2013
Assets$89.58 million
Equity Capital$7.38 million
Loan Loss Allowance$70,000
Unbacked Noncurrent Loans$43,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0%
Return on Equity0%
Interest Income$343,000
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Cherokee Strip Credit Union Savings Account Rates

0.03%--Share Savings Account
0.03%--Christmas Club Account

Cherokee Strip Credit Union Checking Account Rates

0.03%--Classic Checking Account
0.03%--Over 55 Checking Account

Cherokee Strip Credit Union CD Rates

0.70%--5 Year Certificate
0.50%--3 Year Certificate
0.40%--2 Year Certificate
0.30%--18 Month Certificate
0.25%--1 Year Certificate
0.20%--6 Month Certificate

Cherokee Strip Credit Union Locations
Branch Office1508 W HartfordPonca City, OK 74601
Branch Office1508 E Prospect AvePonca City, OK 74604-1909