Medford, OR (March 20, 2025) |
Rogue Credit Union and Members 1st Credit Union are excited to announce their intent to merge, combining the strength of the two respected credit unions to maximize member value and deepen community impact.
Pending approval from the National Credit Union Administration (NCUA), state regulators in California and Oregon, and the Members 1st membership, the combined $4 billion credit union will serve 236,000 members with a network of 28 full-service branches. The merger, which is expected to be completed in 2026, has been unanimously approved by the Boards of Directors of both credit unions.
“We are beyond excited to be able to embark on this journey with a trusted partner,” said Matt Stephenson, President/CEO of Rogue Credit Union. “This partnership will allow us to provide a greater opportunity to serve more members, offering expanded resources and enhanced services – all while preserving the local, hometown feel that members value.”
Both credit unions got their start serving state employees and share a longstanding tradition of community support. It’s even true that in their early days, both credit unions operated out of a desk drawer. One desk was at a local school, the other at the local Department of Transportation Office. The credit unions have enjoyed considerable growth since and now look toward the future in a natural partnership.
As trusted partners headquartered in California and Oregon, Members 1st and Rogue understand the importance of people to their success. The credit unions are committed to maintaining all branch locations and employment for all team members in good standing. While there is much to be finalized about the new partnership, both credit unions look forward to new opportunities to serve their members.
“We are excited about this opportunity to partner with one of the top-performing credit unions in the nation,” said Ken Reed, Board Chair of Members 1st Credit Union. “This will give our members more choices and improved benefits of membership. Rogue is deeply committed to the communities they serve and will retain the same level of dedication to the Members 1st communities.”
Members 1st Credit Union is headquartered in Redding, California, with branches in Redding, Chico and Anderson, California. Members 1st has a rich history of supporting the communities it serves and is often recognized for excellence in service and financial strength. Our shared vision and values make partnering with Members 1st the right choice for both credit unions’ membership.
The strength of the combined credit union sets the stage for a stronger, more resilient financial institution that is well-positioned to meet the future needs of our members while remaining true to our mission.