Medford, OR (July 17, 2024) |
Rogue Credit Union announced strong financial results for the second quarter of 2024, with steady growth in key categories. Total assets grew at an annualized rate of 8.63% with $3.5 billion in assets, and the credit union experienced a return on assets of 0.58%. The credit union continues to grow its membership base, now serving more than 210,000 members throughout Oregon and western Idaho.
| Rogue Credit Union | Q2 - 2024 | Q2 - 2023 |
| Total Assets | $3,507,985,228 | $3,243,142,708 |
| Asset Growth (annualized) | 8.63% | 19.28% |
| Total Loan Portfolio | $2,039,432,146 | $1,916,863,131 |
| Loan Growth (annualized) | 8.51% | 1.02% |
| Membership Size | 210,123 | 206,037 |
| Membership Growth (annualized) | 5.43% | 5.85% |
| Return on Assets (annualized) | 0.58% | 0.89% |
| Net Worth | $340,327,806 | $316,292,190 |
| Net Worth Ratio | 9.61% | 9.65% |
Rogue Credit Union’s equity position remains strong as the credit union closed the quarter with a 9.61% net worth ratio, well above the “well-capitalized” regulatory requirement of 7.00%. Rogue remains a trusted financial institution that is safe, sound and secure.
Rogue’s commitment to the community remained strong in the second quarter. In April, the credit union and its members raised over $25,000 for Children’s Miracle Network hospitals. The Change a Child’s Life fundraiser, benefiting Asante, St. Luke’s and PeaceHealth, culminated with a tasty food truck fundraiser.
In June, the credit union awarded $35,000 in scholarships to 13 students across Rogue’s service area. Winners were recognized for their outstanding academic achievement, school participation and community involvement.
Rogue Credit Union also opened its new White City Drive-Up in June. Located at 8173 Plaza Way, the Drive-Up offers extended hours and Express Teller Machines which can be used to access Live Video Tellers. This empowers members to make deposits, cash checks and complete nearly any transaction that would occur in a branch from the comfort of their vehicle.
The credit union looks forward to continued growth and community involvement.