2019 Q3 Press Release
Rogue Credit Union Closes Q3 With Sustained Growth
Medford, OR – Rogue Credit Union has released financial results for the third quarter of 2019. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 10.03%. The credit union continues to benefit from the healthy economy, growing its Return on Assets to 1.80%. Rogue has continued to experience membership growth above industry average, now serving over 142,000 members across Southern Oregon.
In Q3, Rogue Credit Union celebrated the grand opening of its Umpqua Community College (UCC) Branch in Roseburg. Located in the UCC Bookstore, this location is a full-service branch, operated by UCC students. This is Rogue’s second college campus branch, with the other being at Southern Oregon University.
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.
In Q3, Rogue Credit Union celebrated the grand opening of its Umpqua Community College (UCC) Branch in Roseburg. Located in the UCC Bookstore, this location is a full-service branch, operated by UCC students. This is Rogue’s second college campus branch, with the other being at Southern Oregon University.
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 |
Q3 - 2018 |
Q3 - 2019 |
|
Total Assets |
$1,533,047,714 |
$1,661,220,639 |
|
Asset Growth (annualized) |
10.40% |
10.03% |
|
Total Loan Portfolio |
$1,212,269,067 |
$1,310,689,195 |
|
Loan Growth (annualized) |
14.81% |
4.79% |
|
Membership Size |
132,146 |
142,884 |
|
Membership Growth (annualized) |
11.21% |
8.45% |
|
Return on Assets (annualized) |
1.36% |
1.80% |
|
Net Worth |
$154,589,803 |
$178,714,630 |
|
Net Worth Ratio |
10.08% |
10.75% |
Rogue Credit Union has 21 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 10.75% net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%.
