Overview / Commentary
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 1,984th largest credit union in the nation. It was established in 1933 and as of December of 2018, it had grown to 23 employees and 8,898 members at 2 locations. Cherokee Strip Credit Union's CD rates are 74% higher than the national average, and it 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 - YTD0.63%
Return on Equity - YTD8%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$69.0MM$69.4MM
LoansQ4 2018vs Q4 2017$51.6MM$44.9MM
DepositsQ4 2018vs Q4 2017$63.2MM$64.0MM
Equity CapitalQ4 2018vs Q4 2017$5.4MM$4.9MM
Loan Loss AllowanceQ4 2018vs Q4 2017$899.00K$575.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$635.00K$551.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Cherokee Strip Credit Union Savings Account Rates

0.03%--Secondary Savings
0.03%--Christmas Club Account

Cherokee Strip Credit Union CD Rates

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

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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