2021 Q2 Press Release
ROGUE CREDIT UNION CLOSES Q2 WITH CONTINUED GROWTH
Medford, OR – Rogue Credit Union announced financial results for the second quarter of 2021. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 25.77%, and the credit union’s Return on Assets grew to 1.52%. Rogue has continued to experience membership growth above industry average, growing to serve over 170,000 members across Oregon and Idaho.
|
Rogue Credit Union |
Q2 - 2021 |
Q2 - 2020 |
|
Total Assets |
2,810,486,303 |
$1,980,478,651 |
|
Asset Growth (annualized) |
25.77% |
33.37% |
|
Total Loan Portfolio |
$1,556,642,652 |
$1,361,019,215 |
|
Loan Growth (annualized) |
4.52% |
2.89% |
|
Membership Size |
170,935 |
148,546 |
|
Membership Growth (annualized) |
6.78% |
6.07% |
|
Return on Assets (annualized) |
1.52% |
0.87% |
|
Net Worth |
$250,247,555 |
$189,074,585 |
|
Net Worth Ratio |
8.90% |
9.54% |
Rogue Credit Union’s equity position remains extremely strong as the credit union closed the quarter with an 8.90 % net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%.
Rogue Credit Union has announced its President and CEO, Gene Pelham, is planning to retire in the spring of 2022. Effective April 1, 2021, Gene transitioned to the role of CEO and the Rogue Credit Union Board of Directors named Executive Vice President and Chief Operating Officer, Matt Stephenson, the new President. Pelham will retain the position of CEO until retirement.
In June, the federal government announced that Juneteenth would be recognized as an official federal holiday. Rogue Credit Union believes that diversity, equity and inclusion are essential and are proud to observe this new holiday.
Rogue Credit Union has 26 locations across Southern Oregon, Umpqua Valley, Klamath Basin and Treasure Valley. 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.
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.
Rogue Credit Union is a member-owned, not-for-profit financial cooperative, with an asset base of over $2.50 billion and a loan portfolio of over $1.5 billion. At Rogue, it’s about more than an auto loan or a checking account; it’s about offering a higher level of service to over 166,000 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.
