Rogue Credit Union and FHLB of Des Moines invest $800K in community development through grants to local nonprofit
MEDFORD, OR (April 22, 2024) — Rogue Credit Union will invest $800,000 in local communities through a Member Impact Fund grant which opened to just handful of states this year, including Oregon. In collaboration with the Federal Home Loan Bank (FHLB) of Des Moines, Rogue will make eight grants to nonprofits who serve Oregon residents and focus on affordable housing in local communities.
“We are incredibly excited to partner with the eight non-profits selected for these grants,” said Matt Stephenson, President/CEO of Rogue Credit Union. “Each one provides essential services that make our community a better place for everyone.”
The following organizations will each receive a $100,000 grant:
- ACCESS Serving Jackson County, Oregon
- Coalición Fortaleza Serving Jackson County, Oregon
- Habitat for Humanity Serving Jackson County, Oregon
- United Community Action Network Serving Josephine County, Oregon
- United Community Action Network Serving Douglas County, Oregon
- Oregon Coast Community Action Serving Curry County, Oregon
- Klamath-Lake Community Action Services Serving Klamath County, Oregon
- Community in Action Serving Malheur County, Oregon
“Our partnership with Rogue Credit Union goes beyond financial support” said Carrie Borgen, Executive Director at ACCESS. “It’s a shared commitment to strengthening our community. Our organizations’ mutual values and goals have been instrumental in our success, and we’re proud to make a lasting impact together.”
The Member Impact Fund is part of FHLB Des Moines’ ongoing mission to offer a variety of funding options through its members to support affordable housing and community development needs. It provides $3 for every $1 of an eligible FHLB Des Moines member’s grant donation. Kris Williams, President and CEO of FHLB Des Moines, shares, “We are thrilled to see grants from our Member Impact Fund having a direct, positive impact on the communities in which our members help advance affordable housing and community development needs in a meaningful way.”
FHLB Des Moines created the Member Impact Fund in 2023. It will provide nearly $20 million to eligible organizations in order to strengthen communities in targeted areas of FHLB Des Moines’ district. In 2024 FHLB Des Moines increased the Member Impact Fund by $10 million.
Rogue Credit Union is proud to help improve the quality of life for members and community members through our partnership with these Oregon nonprofits and FHLB Des Moines. For more information about our sponsorship and charitable giving initiatives, visit roguecu.org/sponsorships.
About Rogue Credit Union
Rogue Credit Union is a member-owned, not-for-profit financial cooperative with an asset base of over $3.5 billion and a loan portfolio of over $2 billion. At Rogue, membership is about more than an auto loan or a checking account. It’s about offering a higher level of service to over 210,000 members. Rogue is committed to helping its members along the way and making local communities better for everyone. Membership with Rogue is open to anyone who lives, works, worships or attends school in select Oregon and Idaho counties. Stop by any branch or visit roguecu.org to become a part of something bigger.
