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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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