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Cherokee Strip Credit Union

Popular Accounts at this Credit Union

1.46%5-year CD5 Year Certificate
0.62%1-year CD1 Year Certificate
0.03%SavingsShare Savings Account

Overview / Commentary
1508 E Prospect Ave
Ponca City, OK 74604

Cherokee Strip Credit Union is headquartered in Ponca City and is the 25th largest credit union in the state of Oklahoma. It is also the 1,971st largest credit union in the nation. It was established in 1933 and as of September of 2017, it had grown to 23 employees and 12,452 members at 2 locations. Cherokee Strip Credit Union has a C+ health rating.

Field of Membership Restrictions

Cherokee Strip CU is open to the residents, people that maintain employment, church members, and the registered students of Kay County, Oklahoma as well as the current and retired employees of Conocol Phillips and its affiliated companies, employees of the qualified CU-affiliated SEG's, CU employees, and their family members. Membership eligibility also extends to include any charitable or non-profit organizations within Kay County.
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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

NCUA #64281
Year Chartered1933
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD9.55%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$70.1MM$74.1MM
LoansQ3 2017vs Q3 2016$42.7MM$44.2MM
DepositsQ3 2017vs Q3 2016$64.9MM$69.3MM
Equity CapitalQ3 2017vs Q3 2016$4.9MM$4.4MM
Loan Loss AllowanceQ3 2017vs Q3 2016$635.00K$1.4MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$600.00K$974.00K
Real Estate OwnedQ3 2017vs Q3 2016$9.00K$92.00K
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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

1.46%--5 Year Certificate
1.31%--2 Year Certificate
1.04%--3 Year Certificate
0.62%--1 Year Certificate
0.51%--6 Month Certificate

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