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 27^th largest credit union in the state of Oklahoma. It is also the 1,979^th 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 74% higher than 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

Data as of Q2 2019

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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

Overall
NCUA #	64281
Year Chartered	1933
Employees	26
Primary Regulator

Profit Margin
Return on Assets - YTD	0.86%
Return on Equity - YTD	10.38%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$70.5MM$69.2MM
Loans	Q2 2019vs Q2 2018	$50.7MM$49.6MM
Deposits	Q2 2019vs Q2 2018	$64.0MM$63.5MM
Equity Capital	Q2 2019vs Q2 2018	$5.8MM$5.2MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$939.00K$514.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$627.00K$131.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
CD

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Cherokee Strip Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	-	-	Secondary Savings
0.03%	-	-	Christmas Club Account

Cherokee Strip Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.16%	$500	-	5 Year Certificate
2.74%	$500	-	3 Year Certificate
2.39%	$500	-	2 Year Certificate
2.18%	$500	-	18 Month Certificate
1.57%	$500	-	1 Year Certificate
1.27%	$500	-	6 Month Certificate

Locations

Cherokee Strip Credit Union Locations
Branch Office	1508 W Hartford	Ponca City, OK 74601
Branch Office	1508 E Prospect Ave	Ponca City, OK 74604-1909

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