2019 Q4 Press Release
Rogue Credit Union Ends 2019 Stronger Than Ever
Medford, OR – 2019 was a record-breaking year for Rogue Credit Union. Rogue continued to experience membership growth well above industry average in 2019, and ended the year serving over 144,000 members in Southern Oregon. In addition to strong performance in all key categories Rogue gave back over $125,000 to local Children’s Miracle Network Hospitals. Rogue was also recognized by the Mail Tribune’s Reader’s Choice Awards as #1 Financial Institution for the eleventh year in a row and #1 Mortgage Lender for the third year in a row.
“Rogue Credit Union’s success is a direct reflection of the support of our loyal members,” said President/CEO Gene Pelham. “Our members continued trust in the credit union has provided us these opportunities to give back in our communities.”
“Rogue Credit Union’s success is a direct reflection of the support of our loyal members,” said President/CEO Gene Pelham. “Our members continued trust in the credit union has provided us these opportunities to give back in our communities.”
|
Rogue Credit Union |
Q4 - 2018 |
Q4 - 2019 |
|
Total Assets |
$1,544,977,647 |
$1,697,279,357 |
|
Asset Growth (annualized) |
8.64% |
9.86% |
|
Total Loan Portfolio |
$1,265,211,006 |
$1,341,634,656 |
|
Loan Growth (annualized) |
15.96% |
6.04% |
|
Membership Size |
134,373 |
144,167 |
|
Membership Growth (annualized) |
10.23% |
7.29% |
|
Return on Assets (annualized) |
1.19% |
1.49% |
|
Net Worth |
$157,127,151 |
$181100,979 |
|
Net Worth Ratio |
10.17% |
10.67% |
Rogue Credit Union opened its second campus branch at Umpqua Community College in October, bringing its branch network to 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 year with its highest net worth ratio ever at 10.67%, well above the “well capitalized” regulatory requirement of 7%.
