LOCAL SPOTLIGHT
Rogue Credit Union Closes 2022 With Continued Growth Medford, OR | January 2022 | Press Release R ogue Credit Union announced financial results for the fourth quarter of 2022. Rogue’s growth remained steady in key categories. Rogue’s total assets grew
at an annualized rate of .44%, with just under $3 billion in assets. The credit union experienced a solid Return on Assets of 1.19% and continues to experience membership growth, now serving over 202,000 members across Oregon and Idaho. Rogue Credit Union’s equity position continues to grow, as the credit union closed the quarter with a 10.13% net worth ratio, well above the “well capitalized” regulatory requirement of 7.00%.
across the organization participated, creating unique team-building opportunities across the credit union. Volunteer activities included park and beach clean-ups, groundskeeping, painting and repairs, and more for over 30 local non-profit organizations. Those organizations included CASA, various schools, ACCESS, United Way, Sleep in Heavenly Peace, Eagle Point Senior Community Center, Reaching Our
Rogue Credit Union
Q4 - 2022
Q4 - 2021
Community Food Pantry, Port Orford Park Cleanup, the Drexel H. Foundation and many more. In 2022, Rogue volunteered over 8,500 hours in their local communities. Rogue Credit Union’s President/ CEO Matt Stephenson says, “Supporting our community has been a focus for us since our foundation, and we’re always looking for new ways to give back. This ‘Community’ Rally was an exciting opportunity for our entire team to unite
Total Assets
$2,958,047,875
$2,944,952,060
Asset Growth (annualized)
.44%
18.28%
Total Loan Portfolio
$1,907,118,026
$1,689,613,733
Loan Growth (annualized)
12.87%
10.99%
Membership Size
202,227
184,653
Membership Growth (annualized)
9.51%
11.69%
Return on Assets (annualized)
1.19%
1.39%
Net Worth
$302,926,384
$267,710,998
Net Worth Ratio
10.13%
8.98%
In addition to strong performance in all key financial categories, Rogue continued to be a committed community partner throughout 2022, giving back over $350,000 in sponsorships, donations and scholarships, and over $190,000 to local Children’s Miracle Network Hospitals. Rogue Credit Union also gave their time and took volunteer efforts to new heights with their Rogue “Community” Rally. During a 40-day sprint ending October 10, 535 Rogue team members volunteered 1,125 hours at organized “Community” Rally events across the regions they serve. Every branch and department
“Supporting our community has been a focus for us since our foundation, and we’re always looking for new ways to give back.
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The Business Review | January 2023
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