2023 Q1 Press Release
ROGUE CREDIT UNION CLOSES Q1 OF 2023 WITH CONTINUED GROWTH
Medford, OR – Rogue Credit Union announced solid financial results for the first quarter of 2023. Rogue’s growth remained steady in key categories. Total assets grew at an annualized rate of 31.44% with $3.19 billion in assets. The credit union experienced a return on assets of 0.86% and continues to experience membership growth, now serving more than 204,000 members across Oregon and Idaho.
Rogue Credit Union’s equity position remains strong as the credit union closed the quarter with a 9.59% net worth ratio, well above the “well-capitalized” regulatory requirement of 7.00%. Rogue remains the trusted local financial institution that is safe, sound and secure.
|
Rogue Credit Union |
Q1 - 2023 |
Q1 - 2022 |
|
Total Assets |
$3,190,551,362 |
$3,065,863,309 |
|
Asset Growth (annualized) |
31.44% |
16.42% |
|
Total Loan Portfolio |
$1,914,410,384 |
$1,684,871,339 |
|
Loan Growth (annualized) |
1.53% |
-1.12% |
|
Membership Size |
204,035 |
188,028 |
|
Membership Growth (annualized) |
5.51% |
3.38% |
|
Return on Assets (annualized) |
0.86% |
1.56% |
|
Net Worth |
$309,061,177 |
$279,423,439 |
|
Net Worth Ratio |
9.59% |
9.01% |
In the first quarter, Rogue received recognition as one of the best companies to work for in Oregon, ranking seventeenth in the top 100 list from Oregon Business in the large employer category.
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.
