2020 Q1 Press Release

Rogue Credit Union Closes Q1 With Steady Growth

Medford, OR –Rogue Credit Union announced financial results for the first quarter of 2020. Rogue continued to experience membership growth well above industry average, and ended the quarter serving over 146,500 members in Southern Oregon. 
 

Rogue Credit Union

Q1 - 2019

Q1 - 2020

Total Assets

$1,612,884,035  

$1,775,574,202 

Asset Growth (annualized)

17.58%

18.45%

Total Loan Portfolio

$1,245,504,182

$1,333,720,509

Loan Growth (annualized)

-6.23

-2.36%

Membership Size

137,340

146,530

Membership Growth (annualized)

8.83%

6.56%

Return on Assets (annualized)

1.62%

0.76%

Net Worth

$163,529,356

$184,389,260

Net Worth Ratio

10.13%

10.38%

 
Rogue Credit Union’s equity position remains extremely strong as the credit union closed the quarter with a net worth ratio above 10%. This is well above the “well capitalized” regulatory requirement of 7%. 
Rogue was also able to pay out its third Loyalty Dividend of $6 Million to members, including $300,000 allocated for community support. 

As the country and state of Oregon navigate through these uncertain economic times due to COVID-19, Rogue is committed to being here for its communities and members. Living, giving and supporting local will remain at the forefront of our focus.