Gene's Note: State of the Credit Union

Each year we hold an annual Meeting of the Members. At this meeting, we reflect on the state of the credit union. As many of our members were not able to attend this event, I wanted to share our message with you here. 

2018 was another truly tremendous year of success and growth for YOUR credit union. I’m pleased to share that once again, Rogue Credit Union remains financially sound and stable as we move forward into 2019. YOUR credit union continues to be a solid, trusted financial institution serving the financial needs of members across Southern Oregon. Rogue Credit Union ended the year with a strong 10.17% Net Worth ratio, an increase from 9.81% in 2017. Rogue is well above the 7% required by the National Credit Union Administration.

The loan, deposit, and membership growth we saw in 2018 are a testament to you, our loyal member-owners, and the trust that you put in Rogue. Growth has never been our strategy here at the credit union, but when you put taking care of the member at the forefront of all decision-making, it is amazing the things that can transpire.

As you all know, since the financial collapse of 2008, the financial institution landscape of Southern Oregon has changed dramatically, however, through our member-owners loyalty and trust in their credit union, we are able to remain one of the only financial institutions headquartered right here in Southern Oregon. YOUR support ensures that Rogue is able to focus on serving the needs of our members and the community. In the nature of being a cooperative, one member’s deposits are another member’s loan. This year, we were able to help our members purchase 16,855 vehicles and hundreds of others purchase homes. We are working together to help the people, community, and economy grow stronger, and that is something that we can all be proud of.

Additionally, as a not-for-profit financial cooperative institution, Rogue aims to reward our members for their participation with Rogue. We believe that active participation in the credit union from folks like you is a partnership, and we want to be able to reward our members for using various Rogue products and services, because without your utilization of the credit union, we do not exist. I’m excited to report that our members were able to save over $11 million dollars into their high-yield Ownership Accounts through our various Rogue Rewards programs in 2018. Those funds, which include the $4 million dollar Rogue Rewards Loyalty Dividend, are helping members to start emergency funds, save for vacations or to simply strengthen their finances.

In 2018, Rogue was also honored by Forbes Business Magazine as the #1 Financial Institution in the State of Oregon. The Mail Tribune Readers’ Choice Awards named Rogue the Best Financial Institution for the 10th year in a row and also awarded Rogue as #1 Mortgage Company. Curry Coastal Pilot voted Rogue Best Financial Institution, Best Financial Service and Best Customer Service. The Central Point Chamber of Commerce named Rogue as the Best Large Business. We were also the recipient of multiple Northwest Credit Union Association Awards for our youth financial education programs and for the creation of the Southern Oregon University Branch. We firmly believe in investing and educating the younger demographic of our communities, as we were founded by a group of 10 people who committed their lives to education. Lastly, we were named #3 by Oregon Business Magazine in the category of Oregon’s Best Large Employers. As I look back on 2018, it’s clear that together, our member’s loyalty and a team of staff who truly believe in the vision of the credit union is driving the organization’s success.

Looking forward, we are proud to once again support the Medford Pear Blossom Festival as a title sponsor. The Pear Blossom festival is one of Medford’s oldest events and reaches thousands of people every year. This event has deep roots in our community and we are excited to be a part of it from the parade with over 150 floats to events like the Pear a Fare and the Smudge Pot Stroll. We enthusiastically invite you call to come join us in celebrating this incredible event. For more information, please visit