Overview
What is Cherokee Strip Credit Union?
Cherokee Strip Credit Union is a not-for-profit cooperative situated in Ponca City, Oklahoma, with an address at 1508 E Prospect, serving ConocoPhillips employees and selected employee groups, in addition to the broader Kay County community. The organization, which had approximately 10,137 members in 2022, operates as a financial institution with a mission to promote thrift and cater to the financial needs of its members. By offering progressive financial services with stability and integrity, Cherokee Strip Credit Union ensures its members can access better-than-market rates. The credit union serves its community with a team of 39 dedicated employees.
Official website here: www.cherokeestrip.com
Is Cherokee Strip Credit Union legitimate?
Cherokee Strip Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cherokee Strip Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $195,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,175,908
For more financial information, click here
Official website here: www.cherokeestrip.com
What is the mission statement of Cherokee Strip Credit Union?
The Cherokee Strip Credit Union, functioning as a not-for-profit cooperative, is dedicated to fostering thrift and addressing the financial needs of its members. It achieves this goal by offering progressive financial services with stability and integrity, ensuring these services are available at rates that surpass market standards. By doing so, the credit union aims to serve ConocoPhillips employees and other selected employee groups, as well as the Kay County community, promoting financial well-being for its approximately 10,137 members annually.
Official website here: www.cherokeestrip.com
Who is the CEO of Cherokee Strip Credit Union?
Spike Henderson is the Ceo of Cherokee Strip Credit Union. The CEO's salary of Cherokee Strip Credit Union is $0 and their total compensation is $0.
Official website here: www.cherokeestrip.com
What is the revenue of Cherokee Strip Credit Union?
Cherokee Strip Credit Union's revenue in 2022 was $5,655,819.
Official website here: www.cherokeestrip.com
Who are the executives of Cherokee Strip Credit Union and what are their salaries?
The average compensation at Cherokee Strip Credit Union during 2022 was $35,161. There are 39 employees at Cherokee Strip Credit Union.
Here are 13 key members and their salaries (Cherokee Strip Credit Union's CEO's salary is $0 and their total compensation is $0):
- Compensation: $130,740
- Related: $0
- Other: $33,058
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cherokeestrip.com
Where can I find the form 990 for Cherokee Strip Credit Union?
Cherokee Strip Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cherokeestrip.com
Learn more at the official website: www.cherokeestrip.com
Mission Statement of Cherokee Strip Credit Union
Cherokee Strip Credit Union, functioning as a not-for-profit cooperative, is dedicated to fostering thrift and addressing the financial needs of its members. The organization achieves this by offering progressive financial services, ensuring stability and integrity, all while providing better-than-market rates. By doing so, Cherokee Strip Credit Union strives to enhance the financial well-being of its member base. The credit union serves various employee groups, including those employed by ConocoPhillips, and the broader Kay County community. In 2022, the organization served approximately 10,137 members, demonstrating its commitment to meeting the financial needs of its community.
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Impact
October, 2024
Cherokee Strip Credit Union significantly impacts its members and the broader Kay County community by promoting financial stability and well-being. By offering progressive financial services at better-than-market rates, the credit union fulfills the financial needs of its members, which include ConocoPhillips employees and other selected groups. In 2022, it served approximately 10,137 members, providing them with resources that encourage thrift and responsible financial management.
The organization’s commitment to stability and integrity ensures that members have access to reliable financial solutions, helping them make informed choices about savings, loans, and other banking services. This approach not only supports individual financial goals but also fosters a sense of community and collaboration among members, strengthening the local economy. Through its activities, Cherokee Strip Credit Union promotes financial literacy and empowerment, contributing to the overall welfare of the communities it serves.
This information is meant to be a general summary of Cherokee Strip Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $116,898
- Program Service Revenue: $5,507,251
- Gross Receipts: $13,625,038
Assets and Liabilities:
- Total Assets: $91,041,167
- Total Liabilities: $79,468,985
- Net Assets: $11,572,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$4,280,223
OTHER RELATED INCOME
Revenue
$1,227,028
Organization Details
Founding Year
1933
Phone
(580) 718-4000Principal Officer
Spike Henderson
Main Address
1508 E PROSPECT, PONCA CITY, OK, 74604
Website
www.cherokeestrip.comNTEE Category
Code: W60 - Public benefit
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