2019 Q2 Press Release
Rogue Credit Union Closes Q2 With Continued Growth
Medford, OR – Rogue Credit Union announced financial results for the second quarter of 2019. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 14.92%, and the credit union’s Return on Assets grew to 1.76%. Rogue has continued to experience membership growth above industry average, growing to serve over 140,000 members across Southern Oregon.
Rogue’s annualized loan growth is a reflection the credit union’s decision to sell a portion of its auto loan portfolio in Q1. This sale had no impact to Rogue’s members and is a common investment practice in the financial services industry.
Rogue’s annualized loan growth is a reflection the credit union’s decision to sell a portion of its auto loan portfolio in Q1. This sale had no impact to Rogue’s members and is a common investment practice in the financial services industry.
|
Rogue Credit Union |
Q2 - 2018 |
Q2 - 2019 |
|
Total Assets |
$1,370,525,777 |
$1,628,804,298 |
|
Asset Growth (annualized) |
14.92% |
10.85% |
|
Total Loan Portfolio |
$1,014,465,017 |
$1,270,841,998 |
|
Loan Growth (annualized) |
8.26% |
0.89% |
|
Membership Size |
115,811 |
140,132 |
|
Membership Growth (annualized) |
10.39% |
8.57% |
|
Return on Assets (annualized) |
1.20% |
1.76% |
|
Net Worth |
$130,206,001 |
$171,083,119 |
|
Net Worth Ratio |
9.50% |
10.50% |
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 10.50 % net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%.
