Cherokee Strip Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.70%	5-year CD	5 Year Certificate 1.85% - Synchrony Bank 60 Month CD
0.25%	1-year CD	1 Year Certificate 1.05% - Ally Bank High Yield 12-Month CD
0.03%	Savings	Share Savings Account 1.00% - Ally Bank Online Savings Account

View all Cherokee Strip Credit Union rates »

Overview / Commentary

www.cherokeestripcu.com

580-718-4000

1508 E Prospect Ave
Ponca City, OK 74604

Cherokee Strip Credit Union is headquartered in Ponca City and is the 25^th largest credit union in the state of Oklahoma. It is also the 1,873^rd largest credit union in the nation. It was established in 1933 and as of June of 2016, it had grown to 16 employees and 9,848 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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Health

C

Data as of Q2 2016

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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	16
Primary Regulator

Profit Margin
Return on Assets - YTD	2.72%
Return on Equity - YTD	48.1%
Annual Interest Income	$1.6MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$74.5MM$80.7MM
Loans	Q2 2016vs Q2 2015	$48.2MM$70.1MM
Deposits	Q2 2016vs Q2 2015	$69.8MM$77.5MM
Equity Capital	Q2 2016vs Q2 2015	$4.3MM$3.0MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$2.5MM$5.8MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$1.7MM$1.9MM
Real Estate Owned	Q2 2016vs Q2 2015	$0$0

Rates

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Cherokee Strip Credit Union Savings Account Rates

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

Cherokee Strip Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	-	-	Classic Checking Account
0.03%	-	-	Over 55 Checking Account

Cherokee Strip Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	-	-	5 Year Certificate
0.50%	-	-	3 Year Certificate
0.40%	-	-	2 Year Certificate
0.25%	-	-	1 Year Certificate
0.20%	-	-	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