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CHEROKEE STRIP CREDIT UNION

Dec, 31, 2023 — CHEROKEE STRIP CREDIT UNION is a federally insured state chartered credit union headquartered in PONCA CITY, OK with 3 branch locations and about $99.80 million in total assets. Opened 91 years ago in 1933, CHEROKEE STRIP CREDIT UNION has about 8,903 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CHEROKEE STRIP CREDIT UNION
Address:
(Main Office)
1508 E Prospect Ave
PONCA CITY, OK 74604-1909
Phone:(580) 718-4000
Fax:(580) 718-4090
Website:https://www.cherokeestrip.com
Branches:3 branch locations
Members:8,903
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64281
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1933
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$99,800,554
CEO/Manager:Spike Henderson
Chairperson:Robert Howard

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,536,466
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 21,887,542
 Unsecured Loans 2,074,424
 Other Loans 56,146,358
 TOTAL LOANS 80,132,398
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,852,069
 Land And Building 1,624,355
 Other Fixed Assets 308,081
 NCUSIF Deposit 815,658
 All Other Assets 303,897
  TOTAL ASSETS 99,800,554
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 786,862
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,424,722
 Regular shares 39,641,332
 All Other Shares & Deposits 35,346,723
  TOTAL SHARES & DEPOSITS 88,412,779
  TOTAL LIABILITIES 89,199,641
 Regular Reserve 0
 Other Reserves -353,696
 Undivided Earnings 10,954,609
  TOTAL EQUITY 10,600,913
  TOTAL LIABILITIES, SHARES, & EQUITY 99,800,554
INCOME & EXPENSE  
 Loan Income 5,718,802
 Investment Income 545,139
 Other Income 665,356
 Total Employee Compensation & Benefits 2,186,593
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,523,590
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 374,633
 Cost of Funds 997,163
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,424,270
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