2024-11-15T14:52:58-05:00 2023-12-31 731070564 BASKIN HADLEY & ASSOCIATES P C 221 N 2ND ST PONCA CITY OK 74601 990 2023-01-01 736093329 CHEROKEE STRIP CREDIT UNION CHER 5807184000 1508 E PROSPECT PONCA CITY OK 74604 SPIKE HENDERSON CEO 5807184034 2024-11-15 true true TERRI HADLEY P01207952 5807628345 2024-11-15 2023 2024-10-15 13:58:12Z SPIKE HENDERSON 1508 E PROSPECT PONCA CITY OK 74604 8540231 false X WWW.CHEROKEESTRIP.COM X 1933 OK AS A NOT FOR PROFIT COOPERATIVE, TO PROMOTE THRIFT AND MEET THE FINANCIAL NEEDS OF MEMBERS THROUGH OFFERING PROGRESSIVE FINANCIAL SERVICES WITH STABILITY AND INTEGRITY AT BETTER THAN MARKET RATES. 11 11 53 11 96941 13308 0 5507251 7249964 116898 234840 31670 96941 5655819 7581745 9000 249351 1188503 1630460 2145998 0 0 2341843 3009109 4221654 6352610 1434165 1229135 91041167 101886582 79468985 89091435 11572182 12795147 AS A NOT FOR PROFIT COOPERATIVE, TO PROMOTE THRIFT AND MEET THE FINANCIAL NEEDS OF MEMBERS THROUGH OFFERING PROGRESSIVE FINANCIAL SERVICES WITH STABILITY AND INTEGRITY AT BETTER THAN MARKET RATES. false false 6136603 9000 7249964 CREDIT UNION SERVING CONOCOPHILLIPS EMPLOYEES AND OTHER SELECT EMPLOYEE GROUPS, AS WELL AS THE KAY COUNTY COMMUNITY. ORGANIZATION SERVED APPROXIMATELY 8,903 MEMBERS DURING 2023. 6136603 false false false false false false false false false true false false true true false false false false false false false false false false false false false true true false true false false false false false false false false true false false false true 3824 0 false 53 true true true false false false false false false false X 11 11 false false false false true true false true true true false true false false true true true false OK X BRITTNEY SWAIN 5807184030 1508 E PROSPECT PONCA CITY OK 74604 SPIKE HENDERSON CEO 40.00 X 189387 0 37793 ARIANA ALVEY ASSOCIATE DI 1.00 X 0 0 0 DAWN BRAKEY ASSOCIATE DI 1.00 X 0 0 0 BILL GEUBELLE BOARD VICE C 1.00 X X 0 0 0 TONI GIBSON SECRETARY 1.00 X X 0 0 0 JOHN HAPP TREASURER 1.00 X X 0 0 0 WINSTON HENRY DIRECTOR 1.00 X 0 0 0 ROBERT A HOWARD CHAIRMAN 1.00 X X 0 0 0 PHILLIP JOHNSTON DIRECTOR 1.00 X 0 0 0 BRANDON RUTZ DIRECTOR 1.00 X 0 0 0 SHERRI TAPP DIRECTOR 1.00 X 0 0 0 MIKE TREWITT DIRECTOR 1.00 X 0 0 0 189387 37793 1 false true false INTEREST INCOME 522100 6002871 6002871 OTHER RELATED INCOME 522100 1247093 1247093 7249964 257857 257857 935469 958486 -23017 -23017 -23017 CHEROKEE STRIP INSURANCE AGEN 524298 82633 82633 TAXABLE FOREIGN ATM FEES 522100 14308 14308 96941 7581745 7249964 96941 234840 X 9000 1188503 227180 1444823 354872 119123 96214 110040 141564 32552 116621 120930 417036 12441 LOAN LOSSES 479979 COMPUTER SERVICES 327247 BANK SERVICE CHARGE 206742 PROFESSIONAL SERVICES 157375 790368 6352610 0 0 0 2172328 7147803 1382144 1504678 315054 302269 75065009 78458889 58354 33713 5436209 3603376 1696131 1832833 8233387 6560009 21872 19805 2096888 6026583 91041167 101886582 1913446 527633 77555539 88563802 79468985 89091435 X 50685 44515 11521497 12750632 11572182 12795147 91041167 101886582 X 1229135 -6170 X false false 352976 352976 2951464 1702666 1248798 2131769 1900710 231059 1832833 INVESTMENT METLIFE 1655067 COMMERCIAL CONSTRUCTION LOC 1058872 NCUSIF CAPITALIZATION ACCT 815658 FASB-91 DEFERRED LOAN ORIGINATION CO 596548 AG EQUIPMENT 416391 INVESTMENT CORE CUSO 290000 LOAN - CASD SERP 265807 ACCRUED INTEREST ON USE VEHICLE 241442 EXCESS SHARE INSURANCE DEPOSIT 150000 LOANS TO MEMBERS - MOTORHOME 141884 FHLB TOPEKA STOCK 93600 COMMERCIAL EQUIPMENT LOC 84086 ACCRUED INTEREST ON HOME EQUITY LOC 38491 ACCR INT - AG LIVESTOCK TERM 22922 OTHER ASSETS CU HOUSE 19944 ACCRUED INTEREST ON FIRST MORTGAGE 19600 ACCRUED INTEREST ON LOANS 19042 ACCR INT - AG OPERATING 15318 ACCRUED INCOME INVESTMENT 14227 ACCR INT - COMM 1-4 LOC NOC 12943 ACCRUED INTEREST ON SIGNATURE 11206 ACCR INT- COMM REAL ESTATE NOC 7812 ACCR INT - COMM INVENTORY & RECEIV 7649 ACCRUED INTEREST ON CAMPER & TRAVEL 4513 AG UNSECURED 4000 ACCRUED INTEREST ON BOAT 3958 ACCR INT - COMM 1-4 TERM NOC 3797 ACCRUED INTEREST ON NEW MOTORCYCLE 3665 ACCRUED INTEREST - COMM EQ LOC 2301 ACCR INT - COMM REAL ESTATE 2167 ACCRUED INT - AG EQUIPMENT 1765 ACCR INT - COMMERCIAL EQUIPMENT 1457 ACCRUED INTERET ON NEW & USED TRACTO 544 ACCR INT- CONS LIVESTOCK LOC 513 ACCR INT - COMMERCIAL AUTO 497 ACCRUED INTEREST ON MOTORHOME 438 ACCR INT - COMM LOC UNSECURED 368 ACCRUED INTEREST ON LAWN & GARDEN 285 ACCRUED INTEREST ON ADJUSTABLE RATE 105 ACCRUED INTEREST ON SHARE SECURED 104 ACCRUED INTEREST ON MODIFIED LOAN 13 ACCRUED INTEREST - AG UNSECURED 12 LOANS IN PROCESS -957 ACCR INT - PARTICIPATION LOAN -1471 6026583 MEMBER SAVINGS/DEP SHARES 36807821 MEMBER SHARE CERTIFICATE 32628021 OVER 55 CLASSIC CHECKING 4308997 MEMBER SHARE DRAFT/CHKING 3692239 CLASSIC CHECKING 3159173 COMMERCIAL SAVINGS 2366300 IRA CERTIFICATES 1540464 REWARDS CASH BACK 1092543 MONEY MARKET SAVINGS 1040245 REWARDS DIVIDEND 853236 SECONDARY SAVINGS 440097 COMMERCIAL CHECKING 319033 TRADITIONAL IRA 109355 DCP - PLAN PAYABLE 57167 ACRRUED OTHER COMPENSATION 50677 SEP IRA 28613 AG CHECKING 20030 ACCRUED AUDIT FEES 15303 REWARDS INNOVATOR 14201 CUNA CL & D 11930 OTHER PAYABLE 7540 CASD-SERP PLAN PAYABEL 4425 MORTGAGE CLEARING 2831 CHRISTMAS CLUB 2754 CUEASYPAY SUSPENSE 2477 CREDIT CARD PAYABLE 442 CHARITABLE CONTRIBUTIONS SUSPENSE 379 CONSUMER PASS THROUGH 183 ROTH IRA 26 SHARE DRAFT SUSPENSE -1025 BACKUP WITHHOLDINGS -1886 ACCRUED REAL ESTATE TAX -1975 ACH PROCESSING EXPENSE -3447 EXCEPTIONS FED & DC -4367 88563802 false SCHOLARSHIPS EXPENSE 9000 X X X X false false false SPIKE HENDERSON CEO 189387 37793 227180 BILL GEUBELLE DIRECTOR MORTGAGE X 195600 70341 false true true STACY CALDERON HELOC X 70299 63051 false true true JEFFREY MACKINNON HELOC X 43800 42811 false true true PHILLIP JOHNSTON AUTO X 48445 23596 false true true JEFFREY MACKINNON AUTO X 32797 23318 false false false JOHN HAPP DIRECTOR MORTGAGE X 64000 20519 false true true CHRISTI NEILSON AUTO X 16411 14211 false false true BRITTNEY SWAIN AUTO X 27766 12412 false false true BRITTNEY SWAIN HELOC X 15000 10264 false false false STACY CALDERON X 6000 5834 true true false BILL GEUBELLE DIRECTOR AUTO X 40101 5526 false true true ARIANA ALVA AUTO X 11132 4506 false false true STACY CALDERON AUTO X 33927 2337 false true true GARY SCOTT VEHICLE X 13301 2125 false false true CHRISTI NEILSON VISA X 1500 1418 false false true 302269 SCHEDULE L, PART II BILL GEUBELLE FROM 40,101 5,526 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ARIANA ALVA FROM 11,132 4,506 AUTO ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT STACY CALDERON FROM 33,927 2,337 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT GARY SCOTT FROM 13,301 2,125 VEHICLE ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT CHRISTI NEILSON FROM 1,500 1,418 VISA ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT FORM 990, PAGE 6, PART VI, LINE 6 EACH CREDIT UNION ACCOUNT HOLDER IS CONSIDERED TO BE A MEMBER OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE ORGANIZATION MAY MAKE NOMINATIONS FROM THE FLOOR DURING THE ANNUAL MEETING WHERE BOARD MEMBERS ARE ELECTED. MEMBERS MAY NOMINATE THEMSELVES OR OTHERS. FORM 990, PAGE 6, PART VI, LINE 9 ROBERT A. HOWARD 413 W. GRAND AVE PONCA CITY, OK 74601 MIKE TREWITT 1613 MEADOWBROOK PONCA CITY, OK 74604 TONI GIBSON 63 STONERIDGE PONCA CITY, OK 74604 JOHN HAPP 2404 CHAPEL HILL RD PONCA CITY, OK 74604 PHILLIP JOHNSTON 3 HILLCREST FRIVE PONCA CITY, OK 74604 SHERRI TAPP 717 BRENTWOOD DRIVE PONCA CITY, OK 74601 BRANDON RUTZ 8555 LAKE RD PONCA CITY, OK 74604 BILL GEUBELLE 2028 LEMON TREE PONCA CITY, OK 74604 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 AND 990-T PRESENTED TO BOARD FOR APPROVAL BEFORE FILING FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION USES THE SAME REVIEW & APPROVAL PROCESS FOR THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT AS IT DOES FOR OFFICERS AND KEY EMPLOYEES. SEE RESPONSE TO PART VI, LINE 15B. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION ORDERS ANNUALLY AN INDEPENDENT SALARY STUDY FOR CREDIT UNIONS GIVING SALARY INFORMATION BY CREDIT UNION ASSET SIZE, NUMBER OF EMPLOYEES, AND REGION WHERE LOCATED. THIS INFORMATION IS USED TO DEVELOP ANNUAL COMPENSATION AMOUNTS. PROPOSED SALARY INFORMATION IS THEN SUBMITTED TO THE PERSONNELL COMITTEE AND THEN THE BOARD OF DIRECTORS FOR ULTIMATE APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS OF THE ORGANIZATION ARE POSTED ON BULLETIN BOARDS AT EACH OF THE LOCATIONS MONTHLY. FORM 990, PART IX, LINE 24E REO/REPO EXPENSES 97,219 0 0 INSURANCE AGENCY EXPENSE 91,640 0 0 MORTGAGE LOAN EXPENSES 84,713 0 0 MISCELLANEOUS 71,132 0 0 OTHER LOAN SERVICING EXPE 60,749 0 0 POSTAGE & HANDLING 54,274 0 0 STATE INCOME TAXES 52,690 0 0 BOND INSURANCE AMORTIZATI 51,060 0 0 PUBLICATIONS & SUBSCRIPTI 50,400 0 0 CREDIT REPORTS 44,960 0 0 PRINTING & STATIONARY 42,480 0 0 CONTRACT LABOR 40,596 0 0 ATM SERVICE COSTS 23,830 0 0 CHARITABLE CONTRIBUTIONS 13,513 0 0 STATE & NATIONAL DUES 8,989 0 0 ANNUAL MEETING EXPENSES 2,426 0 0 CASH OVER & SHORT -303 0 0 TOTAL 790,368 0 0 FORM 990, PART XI, LINE 9 CAPITAL SHARES 0 CHANGE IN CAPITAL SHARES -6,170 TOTAL -6,170 CHEROKEE STRIP INSURANCE AGENCY 1508 E PROPSPECT PONCA CITY OK 74604 825077624 INSURANCE OK N/A