Sep, 30, 2025 — CHEROKEE STRIP CREDIT UNION is a federally insured state chartered credit union headquartered in PONCA CITY, OK with 3 branch locations and about $96.83 million in total assets. Opened 93 years ago in 1933, CHEROKEE STRIP CREDIT UNION has about 8,868 members and employs 37 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: | 8,868 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $96,832,983 |
| CEO/Manager: | Spike Henderson |
| Chairperson: | Robert Howard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,194,852 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,861,434 |
| Unsecured Loans | 1,166,794 |
| Other Loans | 34,317,381 |
| TOTAL LOANS | 74,858,259 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,034,989 |
| Land And Building | 1,520,567 |
| Other Fixed Assets | 309,028 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 824,493 |
| All Other Assets | 156,981 |
| TOTAL ASSETS | 96,832,983 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 526 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,618,532 |
| Regular shares | 39,171,203 |
| All Other Shares & Deposits | 32,883,323 |
| TOTAL SHARES & DEPOSITS | 86,673,058 |
| TOTAL LIABILITIES | 86,673,584 |
| Regular Reserve | 0 |
| Other Reserves | -103,559 |
| Undivided Earnings | 10,262,958 |
| TOTAL EQUITY | 10,159,399 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,832,983 |
| INCOME & EXPENSE | |
| Loan Income | 4,328,275 |
| Investment Income | 521,828 |
| Other Income | 455,821 |
| Total Employee Compensation & Benefits | 2,179,010 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,014,564 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 545,270 |
| Cost of Funds | 839,624 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 96,739 |
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