Cherokee Strip Credit Union


Overview / Commentary
580-718-4000
1508 E Prospect Ave
Ponca City, OK 74604

Cherokee Strip Credit Union is headquartered in Ponca City and is the 27th largest credit union in the state of Oklahoma. It is also the 1,979th largest credit union in the nation. It was established in 1933 and as of June of 2019, it had grown to 26 employees and 8,731 members at 2 locations. Cherokee Strip Credit Union's CD rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

Cherokee Strip Credit Union is open to 1) anyone who lives, works, or worships in the state of Oklahoma and either currently uses or has purchased a major consumer service or product within the last three years; 2) retired and active employees of the credit union; 3) family of current credit union members; 4) current and retired employees or members of any one of the more than 100 SEGs. (A list of groups and requirements are posted on the credit union's website)
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Cherokee Strip Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #64281
Year Chartered1933
Employees26
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD10.38%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$70.5MM$69.2MM
LoansQ2 2019vs Q2 2018$50.7MM$49.6MM
DepositsQ2 2019vs Q2 2018$64.0MM$63.5MM
Equity CapitalQ2 2019vs Q2 2018$5.8MM$5.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$939.00K$514.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$627.00K$131.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Cherokee Strip Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.64%$500-5 Year Certificate
2.49%$500-3 Year Certificate
2.39%$500-2 Year Certificate
2.18%$500-18 Month Certificate
1.85%$500-1 Year Certificate
1.27%$500-6 Month Certificate
Locations


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

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