2022 Q3 Press Release

ROGUE CREDIT UNION CLOSES Q3 2022 WITH CONTINUED GROWTH

Medford, OR – Rogue Credit Union announced financial results for the third quarter of 2022. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 3.51%, with over $3 billion in assets. The credit union experienced a strong Return on Assets of 1.34% and continues to experience membership growth, now serving nearly 200,000 members across Oregon and Idaho.

Rogue Credit Union’s equity position continues to grow, as the credit union closed the quarter with a 9.74% net worth ratio, well above the “well-capitalized” regulatory requirement of 7.00%.

Rogue Credit Union is known for their commitment to the community, and last month they took volunteer efforts to new heights with their Rogue “Community” Rally. During a 40-day sprint, 535 Rogue team members volunteered 1,125 hours at organized “Community” Rally events across the regions they serve. Every branch and department across the organization participated, creating unique team-building opportunities across the credit union. Volunteer activities included park and beach clean-ups, groundskeeping, painting and repairs, and more for over 30 local non-profit organizations. Those organizations included CASA, various schools, ACCESS, United Way, Sleep in Heavenly Peace, Eagle Point Senior Community Center, Reaching Our Community Food Pantry, Port Orford Park Cleanup, the Drexel H. Foundation and many more.

With this “Community” Rally volunteer sprint, Rogue is on track to volunteer over 6,000 hours in their local communities in 2022. Rogue Credit Union’s President/CEO Matt Stephenson says, “Supporting our community has been a focus for us since our foundation, and we’re always looking for new ways to give back. This ‘Community’ Rally was an exciting opportunity for our entire team to unite together and make a big impact in just a few short weeks.”

Rogue Credit Union also recently launched savings and checking accounts for their teen members. The new Rogue Climbers program is designed exclusively for members 13-17 years old, with the accounts intended to help students start building smart financial habits. The program joins the credit union’s other youth program, the Rogue Rangers Kids Club, which offers accounts designed for children from birth to 12 years old.

Rogue Credit Union is a member-owned, not-for-profit financial cooperative, with an asset base of over $3 billion and a loan portfolio of over $1.8 billion. At Rogue, it’s about more than an auto loan or checking account; it’s about offering a higher level of service to nearly 200,000 members. Under the direction of the Board of Directors, Rogue is committed to helping its members out along the way, making local communities better for everyone. A membership with Rogue is open to anyone who lives, works, worships or attends school in the select Oregon and Idaho counties. Stop by any branch or visit www.roguecu.org and learn more about becoming part of something bigger.