Cherokee Strip Credit Union in Ponca City, Oklahoma (OK)

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Cherokee Strip Credit Union
Employer Identification Number (EIN)736093329
Name of OrganizationCherokee Strip Credit Union
Address1508 E Prospect Ave, Ponca City, OK 74604-1909
ActivitiesLoans or credit reporting
SubsectionCredit Union
Ruling Date03/1935
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$86,995,352
Amount of Income$2,137,511
Form 990 Revenue Amount$2,137,511

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$2,137,511
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$1,585,718
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$546,895
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$4,898
Statement of Functional Expenses (for 2011)
Total functional expenses$2,605,798
Compensation of current officers, directors, trustees, and key employees$197,575
Other salaries and wages$550,106
Payroll taxes$61,514
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$86,995,352
Total liabilities$78,785,556
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$8,209,796
Retained earnings, endowment, accumulated income, or other funds$8,158,336
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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