Strong financial performance, national recognition and community events define Rogue Credit Union’s impressive start to 2024
MEDFORD, OR (April 23, 2024) — Rogue Credit Union announced strong financial results for the first quarter of 2024, with steady growth in key categories. Total assets grew at an annualized rate of 13.49% with $3.47 billion in assets, and the credit union experienced a return on assets of 0.47%. The credit union continues to grow its membership base, now serving more than 208,000 members throughout Oregon and western Idaho.
| ROGUE CREDIT UNION |
Q1 – 2024 |
Q1 – 2023 |
| Total Assets |
$3,476,238,440 |
$3,190,551,362 |
| Asset Growth (Annualized) |
13.49% |
31.44% |
| Total Loan Portfolio |
$1,967,684,897 |
$1,914,410,384 |
| Membership Size |
208,347 |
204,035 |
| Membership Growth (Annualized) |
3.28% |
3.58% |
| Return on Assets (Annualized) |
0.47% |
0.86% |
| Net Worth |
$334,318,440 |
$309,061,177 |
| Net Worth Ratio |
9.53% |
9.59% |
Rogue Credit Union’s equity position remains strong as the credit union closed the quarter with a 9.53% 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.
In addition to strong financial performance, Rogue received recognition for its exceptional workplace culture and marketing efforts in 2024. Oregon Business recognized Rogue Credit Union as one of the 100 Best Companies to Work for in Oregon, ranking the credit union seventeenth in the Large Business category.
Rogue also received a Diamond Award from America’s Credit Unions for its ongoing event, the Rogue Community Rally. Last year, 563 team members completed 1,172 hours of community service during Rogue Rally.
Rogue’s commitment to the community remained strong in 2024, starting with January’s grand opening of the Rogue Credit Union Community Complex. In February, Rogue participated in the Polar Plunge and raised $3,722 for Special Olympics Oregon. The credit union ended the quarter with a free showing of Kung Fu Panda 4 for its Roseburg-based Rogue Rangers. The Rogue Rangers Kids Club teaches the credit union’s youngest members—children under 12—about healthy financial habits through activities and events.
Rogue Credit Union’s strong start to the year was marked by growth in key categories, recognition at the state and national level and participation in local events.
About Rogue Credit Union
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 $1.9 billion. At Rogue, it’s about more than an auto loan or a checking account; it’s about offering a higher level of service to over 206,000 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. 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 www.roguecu.org and learn more about becoming part of something bigger.
