2019 Q1 Press Release
Rogue Credit Union Closes Q1 With Steady Growth
Medford, OR – Rogue Credit Union announced financial results for the first quarter of 2019. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 17.58%, and the credit union’s Return on Assets grew to 1.62%. Rogue has continued to experience membership growth above industry average, growing to serve over 137,000 members across Southern Oregon.
Rogue’s loan growth has slowed when compared to Q1 2018. The dip in loan growth is a reflection of the credit union’s decision to sell a portion of its auto loan portfolio. This sale had no impact to Rogue’s members and is a common investment practice in the financial services industry.
“Rogue Credit Union continues to be a financially strong and stable choice for Southern Oregon,” said President/CEO Gene Pelham. “The credit union is growing and here to serve our communities.”
Rogue’s loan growth has slowed when compared to Q1 2018. The dip in loan growth is a reflection of the credit union’s decision to sell a portion of its auto loan portfolio. This sale had no impact to Rogue’s members and is a common investment practice in the financial services industry.
“Rogue Credit Union continues to be a financially strong and stable choice for Southern Oregon,” said President/CEO Gene Pelham. “The credit union is growing and here to serve our communities.”
|
Rogue Credit Union |
Q1 - 2018 |
Q1 - 2019 |
|
Total Assets |
$1,491,982,309 |
$1,612,884,035 |
|
Asset Growth (annualized) |
19.65% |
17.58% |
|
Total Loan Portfolio |
$1,126,660,221 |
$1,245,504,182 |
|
Loan Growth (annualized) |
13.04% |
-6.23% |
|
Membership Size |
125,251 |
137,340 |
|
Membership Growth (annualized) |
11.01% |
8.83% |
|
Return on Assets (annualized) |
1.36% |
1.62% |
|
Net Worth |
$144,472,642 |
$163,529,356 |
|
Net Worth Ratio |
9.68% |
10.13% |
In Q1, Rogue Credit Union was voted #9 on the 2019 list of the 100 Best Companies to Work for in Oregon. Rogue also celebrated its 10th year as the Pear Blossom Festival Sponsor, and President/CEO Gene Pelham was presented with the prestigious Pear Blossom Grantville Brittan President’s Award.
Rogue Credit Union has 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 quarter with a 10.13% net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%.
Rogue Credit Union has 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 quarter with a 10.13% net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%.
