2018 Q4 Press Release
Rogue Credit Union Ends 2018 Stronger Than Ever
Medford, OR – 2018 was another year of strong and steady growth for Rogue Credit Union. Rogue continued to experience membership growth well above industry average in 2018, and ended the year serving over 130,000 members in Southern Oregon. In addition to strong performance in all key categories, Rogue Credit Union returned a $4 million Loyalty Dividend to its members in December. This $4 million Loyalty Dividend accounts for the slight dip in ROA from 2017 to 2018.
“Rogue Credit Union’s success is a direct reflection of the support of our loyal members,” said President/CEO Gene Pelham. “Our Loyalty Dividend allows us to share this success with our members and the communities we serve.”
“Rogue Credit Union’s success is a direct reflection of the support of our loyal members,” said President/CEO Gene Pelham. “Our Loyalty Dividend allows us to share this success with our members and the communities we serve.”
|
Rogue Credit Union |
Q4 - 2017 |
Q4 - 2018 |
|
Total Assets |
$1,422,133,342 |
$1,544,977,647 |
|
Asset Growth (annualized) |
11.51% |
8.64% |
|
Total Loan Portfolio |
$1,091,080,716 |
$1,265,211,006 |
|
Loan Growth (annualized) |
12.00% |
15.96% |
|
Membership Size |
121,897 |
134,373 |
|
Membership Growth (annualized) |
10.72% |
10.23% |
|
Return on Assets (annualized) |
1.28% |
1.19% |
|
Net Worth |
$139,511,710 |
$157,127,151 |
|
Net Worth Ratio |
9.81% |
10.17% |
Rogue Credit Union opened its second Ashland location in 2018, bringing its branch network to 20 locations across Jackson, Josephine, Klamath, Curry, Coos, and Douglas Counties.
Rogue Credit Union's equity position remains extremely strong as the credit union closed the year with a 10.17% net worth ratio, well above the "well capitalized" regulatory requirement of 7%..
