2021 Q1 Press Release

ROGUE CREDIT UNION CLOSES Q1 2021 WITH GROWTH

Medford, OR – Rogue Credit Union announced financial results for the first quarter of 2021. After the members of Malheur Federal Credit Union voted overwhelming in favor of a merger, the organization’s financial records were combined at the first of the year.

Rogue experienced unprecedented asset growth, growing nearly a billion dollars in the last twelve months, largely driven by stimulus payments and PPP funds. In these uncertain economic times, members have turned to Rogue as their safe and trusted financial institution, resulting in a significant increase in deposits for the organization.  

Along with financial institutions across the country, Rogue has seen decreased demand in consumer lending as consumer confidence has been low amid the pandemic.

Rogue completed a System Upgrade in March. This 18-month long project provides Rogue members with service & security enhancements and positions Rogue to better serve members for decades to come.  The credit union also broke ground on it’s newest location in west Medford, at 51 Clover Lane.

As Rogue has experienced unprecedented growth over the past year, the organization is also looking to expand its employment as well. Rogue is currently hiring for a wide variety of positions across the organization. Interested applicants should apply at roguecu.org.

Rogue Credit Union’s equity position remains strong as the credit union closed the quarter with a net worth ratio above 8.5%. Rogue continues to be positioned above the “well capitalized” regulatory requirement of 7%. As the country and state of Oregon continue to 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.