2021 Q3 Press Release
Rogue Credit Union Closes Q3 With Continued Growth
Medford, OR – Rogue Credit Union announced financial results for the third quarter of 2021. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 22.22%, and the credit union’s Return on Assets dropped slightly to 1.43%. Rogue has continued to experience membership growth above industry average, growing to nearly 180,000 members across Oregon and Idaho.
Rogue Credit Union’s equity position remains extremely strong as the credit union closed the quarter with an 8.8 % net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%.
|
Rogue Credit Union |
Q3 - 2021 |
Q3 - 2020 |
|
Total Assets |
$2,904,583,267 |
$ 2,132,418,014 |
|
Asset Growth (annualized) |
22.22% |
34.18% |
|
Total Loan Portfolio |
$1,659,104,933 |
$ 1,359,796,234 |
|
Loan Growth (annualized) |
11.99% |
1.80% |
|
Membership Size |
178,285 |
149,889 |
|
Membership Growth (annualized) |
10.45% |
5.29% |
|
Return on Assets (annualized) |
1.43% |
1.54% |
|
Net Worth |
$258,992,674 |
$203,274,942 |
|
Net Worth Ratio |
8.91% |
9.53% |
Rogue was once again voted as the #1 Financial Institution – for the 13th year in a row by the Mail Tribune Reader’s Choice Awards.
Rogue Credit Union has 27 locations across the Rogue Valley, South Coast, 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/careers or schedule an appointment to attend our job fair on October 27.
Rogue Credit Union has 27 locations across the Rogue Valley, South Coast, 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/careers or schedule an appointment to attend our job fair on October 27.
