Rogue Credit Union and FHLB Des Moines Invest $800K in Community Development
Medford, OR – Rogue Credit Union will invest $800,000 in local communities through a Member Impact Fund grant which opened to just handful of states this year, including Oregon. In collaboration with the Federal Home Loan Bank (FHLB) of Des Moines, Rogue will make eight grants to nonprofits who serve Oregon residents and focus on affordable housing in local communities.
“We are incredibly excited to partner with the eight non-profits selected for these grants,” said Matt Stephenson, President/CEO of Rogue Credit Union. “Each one provides essential services that make our community a better place for everyone.”
The following organizations will each receive a $100,000 grant:
• ACCESS Serving Jackson County, Oregon
• Coalición Fortaleza Serving Jackson County, Oregon
• Habitat for Humanity Serving Jackson County, Oregon
• Habitat for Humanity Serving Josephine County, Oregon
• Habitat for Humanity Serving Douglas County, Oregon
• Oregon Coast Community Action Serving Curry County, Oregon
• Klamath-Lake Community Action Services Serving Klamath County, Oregon
• Community in Action Serving Malheur County, Oregon
“Our partnership with Rogue Credit Union goes beyond financial support" said Carrie Borgen, Executive Director at ACCESS. "It's a shared commitment to strengthening our community. Our organizations' mutual values and goals have been instrumental in our success, and we're proud to make a lasting impact together.”
The Member Impact Fund is part of FHLB Des Moines’ ongoing mission to offer a variety of funding options through its members to support affordable housing and community development needs. It provides $3 for every $1 of an eligible FHLB Des Moines member's grant donation. Kris Williams, President and CEO of FHLB Des Moines, shares, “We are thrilled to see grants from our Member Impact Fund having a direct, positive impact on the communities in which our members help advance affordable housing and community development needs in a meaningful way.”
FHLB Des Moines created the Member Impact Fund in 2023. It will provide nearly $20 million to eligible organizations in order to strengthen communities in targeted areas of FHLB Des Moines’ district. In 2024 FHLB Des Moines increased the Member Impact Fund by $10 million.
Rogue Credit Union is proud to help improve the quality of life for members and community members through our partnership with these Oregon nonprofits and FHLB Des Moines. For more information about our sponsorship and charitable giving initiatives, visit roguecu.org/sponsorships.
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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 $1.9 billion. At Rogue, membership is about more than an auto loan or a checking account. It’s about offering a higher level of service to over 206,000 members. Under the direction of the Board of Directors, Rogue is committed to helping its members out along the way and making local communities better for everyone. Membership with Rogue is open to anyone who lives works, worships, or attends school in select Oregon and Idaho counties. Stop by any branch or visit roguecu.org to become a part of something bigger.
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement. FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. The Des Moines Bank is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.
