Cherokee Strip Credit Union
Headquarters
1508 East Prospect
Ponca City, OK 74604
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2024 Overview
General Credit Union Information
Cherokee Strip is an NCUA insured institution located in Ponca City, OK. It was founded in 1933 and has approximately $99.8 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 64281 |
| Date Established | 1933 |
| Assets | $99.80 million |
| Loans | $80.13 million |
| Deposits | $88.41 million |
| Capital | $10.95 million |
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.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.04% | $2,500 | $4,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.36% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.36% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.66% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.66% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.76% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.76% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.86% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.86% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.96% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.96% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.11% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.04% | $2,500 | $3,499 | Learn More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Cherokee Strip
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,901 | $2,103 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
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NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Cherokee Strip
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Branches
Below are Cherokee Strip branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
CHEROKEE STRIP is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Cherokee Strip Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Cherokee Strip. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Cherokee Strip | U.S. Average |
|---|---|
| 10.03% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Cherokee Strip had $979,774 in non-current loans and $303,897 in owned assets. To cover these potential losses it had $10,954,609 in net worth and $1,838,540 in loans loss reserves. That gives it a Texas Ratio of 10.03%.
Net Worth
| Cherokee Strip | U.S. Average |
|---|---|
| 10.98% | 13.62% |
Cherokee Strip FCU has a net worth of 10.98% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Cherokee Strip
Dustin Tapp
November 8, 2019
Have my information stolen at least once a year and can are exceedingly difficult to get a hold of about it or to stop future theft. They just transfer you to a different company and wash their hands of you
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