2021 Q4 Press Release

Category:
01/24/2022

Rogue Credit Union Closes 2021 With Continued Growth

Medford, OR – Rogue Credit Union announced financial results for the fourth quarter of 2021. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 18.28%, and the credit union’s Return on Assets dropped slightly to 1.39%. The credit union experienced membership growth above industry average, now serving over 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 9.09% net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%. 
 

Rogue Credit Union

Q4 - 2021

Q4 - 2020

Total Assets

$2,944,952,633

$ 2,489,533,388

Asset Growth (annualized)

18.28%

46.68%

Total Loan Portfolio

$1,689,613,733

$ 1,522,258,333

Loan Growth (annualized)

10.99%

13.46%

Membership Size

184,653

165,327

Membership Growth (annualized)

11.69%

4.66%

Return on Assets (annualized)

1.39%

1.55%

Net Worth

$267,711,288

$230,040,875

Net Worth Ratio

9.09%

9.11%
 
In addition to strong performance in all key financial categories, Rogue continued to be a committed community partner throughout 2021, giving back over $200,000 in sponsorships and donations, and over $150,000 to local Children’s Miracle Network Hospitals.
 
Rogue Credit Union has 27 locations across Southern Oregon, the Umpqua Valley, Klamath Basin, South Coast and the Treasure Valley. 

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

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Rogue Credit Union is a member-owned, not-for-profit financial cooperative, with an asset base of over $2.90 billion and a loan portfolio of over $1.6 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 184,000 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.