2022 Q2 Press Release
ROGUE CREDIT UNION CLOSES Q2 2022 WITH CONTINUED GROWTH
Medford, OR – Rogue Credit Union announced financial results for the second quarter of 2022. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 8.89%, nearing $3.1 billion in assets. The credit union experienced a strong Return on Assets of 1.43% and continues to experience membership growth, now serving over 192,000 members across Oregon and Idaho.
Rogue Credit Union’s equity position continues to grow, as the credit union closed the quarter with a 9.30% net worth ratio, well above the “well-capitalized” regulatory requirement of 7.00%.
|
Rogue Credit Union |
Q2 - 2022 |
Q2 - 2021 |
|
Total Assets |
$3,075,804,589 |
$2,810,486,303 |
|
Asset Growth (annualized) |
8.89% |
25.77% |
|
Total Loan Portfolio |
$1,759,557,477 |
$1,556,642,652 |
|
Loan Growth (annualized) |
8.28% |
4.52% |
|
Membership Size |
192,786 |
170,935 |
|
Membership Growth (annualized) |
5.71% |
6.78% |
|
Return on Assets (annualized) |
1.43% |
1.52% |
|
Net Worth |
$289,183,200 |
$250,247,555 |
|
Net Worth Ratio |
9.30% |
8.79% |
Effective April 1, 2022, the Rogue Credit Union Board of Directors named previous President, Matt Stephenson, the new President/CEO, following the retirement of long-time CEO Gene Pelham. Matt has been part of the credit union’s executive team for over 15 years, previously serving as COO, CFO and Executive Vice President. As only the 5th President/CEO in Rogue’s history, Rogue is excited to have a leader as invested in the credit union’s community and mission as Rogue is. The credit union continued to experience strong growth in the second quarter under his new leadership.
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Rogue Credit Union is a member-owned, not-for-profit financial cooperative, with an asset base of over $3 billion and a loan portfolio of over $1.6 billion. At Rogue, it’s about more than an auto loan or checking account; it’s about offering a higher level of service to over 188,000 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.
