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Cherokee Strip Credit Union

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Cherokee Strip Credit Union Rates & Review May 2026

Q: Is a member application needed to join Cherokee Strip Credit Union?

Yes, to access services at Cherokee Strip Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Cherokee Strip Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 16, 2026

Cherokee Strip Credit Union's Personal Loan Rates are at 5.75%. MonitorBankRates evaluates the financial stability of Cherokee Strip Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.92%. Rates were last updated on 05/16/2026.

Cherokee Strip Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Cherokee Strip Credit Union? Share your experience about Cherokee Strip Credit Union by leaving a review below, or read customer reviews before you decide to use Cherokee Strip Credit Union.

Exceptional Health Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.92%

Excellent Lower than avg

Cherokee Strip Credit Union
EAST Prospect Branch

1508 E Prospect Ave
Ponca City, OK 74604 1909

https://www.cherokeestrip.com

Cherokee Strip Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
HELOC	-	-	6.75%
Details As Low As Last Updated 05/10/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%

Cherokee Strip Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term	View More
Auto loans	-	-	5.75%
Details As Low As Last Updated 05/10/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%

Cherokee Strip Credit Union Credit Card Rates

Product	Rate	APR	View More
Credit Cards	-	9.99%
Details As Low As Last Updated 05/10/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.92%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Cherokee Strip Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Cherokee Strip Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Cherokee Strip Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Cherokee Strip Credit Union

Website https://www.cherokeestrip.com

Address 1508 E Prospect Ave, Ponca City, OK 74604 1909

Phone 580-718-4000

Fax 580-718-4090

President Robert Howard

CEO Spike Henderson

Full-Time Employees 36

Part-Time Employees 1

Branch Locations 3

ATM Locations 2

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (100/100)

Texas Ratio

0.92%

Return on Assets (ROA)

0.0999%

Return on Equity (ROE)

0.9426%

Non-Performing Loans Ratio (NPL)

0.13%

Total Assets

96,832,983

Total Amount of Shares and Deposits

86,673,058

Total Shares and Deposits < 1 Year

84,985,639

Total Shares and Deposits 1 3 Years

1,302,550

Total Shares and Deposits > 3 Years

384,869

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

5,129,063

Total Uninsured Shares and Deposits > $250K (F+J)

5,129,063

Total Insured Shares and Deposits > $250K (item 17 less item K)

81,543,995

Total Interest Expense (Sum of items 6 8)

839,624

Share Certificates

767

Number of Accounts for Share Drafts

3,675

IRA KEOGH Accounts

Number of Accounts for Regular Shares

10,164

Money Market Shares

141

Net Income (unless the amount is already included in Undivided Earnings)

96,738

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

9,548,821

Total Liabilities

86,673,584

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

Cherokee Strip Credit Union earned the Exceptional Health badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Total Reviews

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Frequently Asked Questions About Cherokee Strip Credit Union

How many branches does Cherokee Strip Credit Union operate?

Cherokee Strip Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Cherokee Strip Credit Union?

Yes, to access services at Cherokee Strip Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Cherokee Strip Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Cherokee Strip Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Cherokee Strip Credit Union offer online and mobile banking?

Most modern institutions like Cherokee Strip Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.cherokeestrip.com.