Rogue Credit Union Announces Third Quarter Results
Rogue Credit Union announced financial results for the third quarter of 2024. The credit union’s growth remained consistent in key categories. Total assets grew at an annualized rate of 10.92% with $3.6 billion in assets. The credit union experienced a return on assets of 0.63% and continues to experience membership growth, now serving over 213,000 members across Oregon and western Idaho.
Rogue Credit Union’s equity position remains strong as the credit union closed the quarter with a 9.45% 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 Credit Union’s commitment to the community shined in the third quarter. From July through early October, the credit union held its third annual Rogue “Community” Rally. 581 team members participated, completing 1,260 hours of volunteer service at local beach and park clean-ups, schools, food banks and more. Every branch and department participated, creating meaningful community engagement and unique team-building opportunities across the organization.
Rogue Credit Union also recently announced its donation of five scoreboards as part of a community effort to renovate the local Little League fields in Central Point, OR. The new scoreboards will be installed as each field is completed. As part of the credit union’s ongoing commitment to investing in local youth, the new scoreboards provide an upgraded experience for players and fans while creating positive impacts on and off the field through sportsmanship and participation in local athletics programs.
The credit union also broke ground on its new branch in Caldwell, ID which is scheduled to open in spring of 2025. This full-service location will offer extended hours of service in the drive through with access to a live video teller. The location will also be open on Saturdays to provide essential services to those who may not have time during the work week to visit a branch.