Credit union · NCUA insured
Cherokee Strip Credit Union
A $101.2M credit union headquartered in Ponca City, OK, with 9,374 members and 2 branches in Oklahoma. Best rates: CDs 4.51% and savings 0.40% APY.
Cherokee Strip Credit Union Carrot Score
79
Carrot Score
Higher than 49% of U.S. banks and credit unions
#3 of 6 in Ponca City, OK metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Cherokee Strip Credit Union
Founded in October 1933 by Conoco employees in Ponca City as Conoco Employees (PC) Credit Union, the institution was renamed Cherokee Strip Credit Union in July 1994.
Credit union members are the sole owners of the cooperative.
- Headquarters
- 1508 E Prospect Ave, Ponca City, OK 74604-1909
- NCUA charter
- 64281
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Those who live, work, or worship in the state of Oklahoma, and currently use or purchased a major consumer product or service in the last three years (eligible through common bond Oklahoma Consumer Council).
- Active and retired employees of Cherokee Strip Credit Union.
- Those who now, or shall later become, a current or retired employee or member of common bonds listed on the credit union's common bonds list.
Family and household
- Spouse, father, mother, brother, sister, son, daughter, grandmother, grandfather, or grandchild of a current Credit Union member (through direct lineage, 'step', or 'in law').
Cost to join
- An initial membership deposit of $5.00 is required along with reasonably good credit.
Branches
2 branches in Oklahoma
Loading map…
Oklahoma
2 branches
- EAST - Prospect BranchMain office1508 E Prospect Ave, Ponca City, OK 74604Directions
- Newkirk Branch108 S Main St, Newkirk, OK 74647Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.86% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.55% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | -0.18% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $71 | $76 | — |
- CapitalNet worth ratio9.86%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.55%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets-0.18%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$71Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Cherokee Strip Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.