2020 Q1 Press Release
Rogue Credit Union Closes Q1 With Steady Growth
Medford, OR –Rogue Credit Union announced financial results for the first quarter of 2020. Rogue continued to experience membership growth well above industry average, and ended the quarter serving over 146,500 members in Southern Oregon.
|
Rogue Credit Union |
Q1 - 2019 |
Q1 - 2020 |
|
Total Assets |
$1,612,884,035 |
$1,775,574,202 |
|
Asset Growth (annualized) |
17.58% |
18.45% |
|
Total Loan Portfolio |
$1,245,504,182 |
$1,333,720,509 |
|
Loan Growth (annualized) |
-6.23 |
-2.36% |
|
Membership Size |
137,340 |
146,530 |
|
Membership Growth (annualized) |
8.83% |
6.56% |
|
Return on Assets (annualized) |
1.62% |
0.76% |
|
Net Worth |
$163,529,356 |
$184,389,260 |
|
Net Worth Ratio |
10.13% |
10.38% |
Rogue Credit Union’s equity position remains extremely strong as the credit union closed the quarter with a net worth ratio above 10%. This is well above the “well capitalized” regulatory requirement of 7%.
Rogue was also able to pay out its third Loyalty Dividend of $6 Million to members, including $300,000 allocated for community support.
As the country and state of Oregon navigate through these uncertain economic times due to COVID-19, Rogue is committed to being here for its communities and members. Living, giving and supporting local will remain at the forefront of our focus.
As the country and state of Oregon navigate through these uncertain economic times due to COVID-19, Rogue is committed to being here for its communities and members. Living, giving and supporting local will remain at the forefront of our focus.
