Nonprofit · EIN 73-6093329
CHEROKEE STRIP CREDIT UNION
Tax-exempt · PONCA CITY, OK 74604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,379,867 | $9,817,470 | -$1,437,603 | $103,167,848 | $91,810,304 | $11,357,544 |
| December 31, 2023 | 990 | $7,581,745 | $6,352,610 | $1,229,135 | $101,886,582 | $89,091,435 | $12,795,147 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,978,404
- Investment income
- $284,049
- Net gain from sales of assets
- $649
- Other revenue
- $117,414
Expenses
- Grants and similar amounts paid
- $11,000
- Benefits paid to members
- $2,001,717
- Compensation of officers, directors and key employees
- $216,861
- Other salaries and wages
- $2,178,241
- Salaries, compensation and benefits (total)
- $3,075,353
- Professional fundraising fees
- $0
- Legal fees
- $82,877
- Accounting fees
- $65,471
- Occupancy
- $128,341
- Travel
- $131,767
- Depreciation
- $433,180
Balance sheet and other
- Total assets, start of year
- $101,886,582
- Total assets, end of year
- $103,167,848
- Total liabilities, end of year
- $91,810,304
- Net assets, end of year
- $11,357,544
- Land, buildings and equipment
- $1,885,630
- Publicly traded securities
- $5,908,260
- Gross unrelated business income
- $117,414
- Gross receipts
- $10,419,265
- Employees
- 52
- Year formed
- 1933
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SPIKE HENDERSON | CEO Officer | 40 | $181,498 | $35,363 |
| ARIANA ALVEY | ASSOCIATE DI Trustee or director | 1 | $0 | $0 |
| DAWN BRAKEY | ASSOCIATE DI Trustee or director | 1 | $0 | $0 |
| BILL GEUBELLE | BOARD VICE C Trustee or director, Officer | 2 | $0 | $0 |
| TONI GIBSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JOHN HAPP | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| WINSTON HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT A HOWARD | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PHILLIP JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANDON RUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRI TAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE TREWITT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SPIKE HENDERSON | CEO Officer | 40 | $189,387 | $37,793 |
| ARIANA ALVEY | ASSOCIATE DI Trustee or director | 1 | $0 | $0 |
| DAWN BRAKEY | ASSOCIATE DI Trustee or director | 1 | $0 | $0 |
| BILL GEUBELLE | BOARD VICE C Trustee or director, Officer | 1 | $0 | $0 |
| TONI GIBSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN HAPP | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| WINSTON HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT A HOWARD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PHILLIP JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANDON RUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRI TAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE TREWITT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1508 E PROSPECT AVE, PONCA CITY, OK 74604-1909
- Principal officer (990 for 2024)
- SPIKE HENDERSON, 1508 E PROSPECT, PONCA CITY, OK 74604
- Signed the 990
- SPIKE HENDERSON, CEO
- Phone
- (580) 718-4000
- Website
- WWW.CHEROKEESTRIP.COM
- Return prepared by
- BASKIN HADLEY & ASSOCIATES P C
Mission
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.
Program accomplishments
- CREDIT UNION SERVING CONOCOPHILLIPS EMPLOYEES AND OTHER SELECT EMPLOYEE GROUPS, AS WELL AS THE KAY COUNTY COMMUNITY. ORGANIZATION SERVED APPROXIMATELY 9,022 MEMBERS DURING 2024.Expenses $9,595,220 · grants $11,000 · revenue $7,978,404
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 73-6093329
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1935
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $103,167,848
- Income (IRS master file)
- $10,419,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,379,867 | $9,817,470 | $103,167,848 | XML |
| 990 | December 2023 | $7,581,745 | $6,352,610 | $101,886,582 | XML |
| 990 | December 2022 | $5,655,819 | $4,221,654 | $91,041,167 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-6093329).
Questions about CHEROKEE STRIP CREDIT UNION
- What is the EIN of CHEROKEE STRIP CREDIT UNION?
- The employer identification number (EIN) of CHEROKEE STRIP CREDIT UNION is 73-6093329.
- Is CHEROKEE STRIP CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1935.
- Are donations to CHEROKEE STRIP CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHEROKEE STRIP CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHEROKEE STRIP CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHEROKEE STRIP CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHEROKEE STRIP CREDIT UNION?
- The 990 for the year ended December 31, 2024 names SPIKE HENDERSON.
- Who are the officers and directors of CHEROKEE STRIP CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $181,498 (SPIKE HENDERSON, CEO).
- How much revenue does CHEROKEE STRIP CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,379,867, expenses of $9,817,470 and total assets of $103,167,848 at year end.
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