2020 Q3 Press Release
Rogue Credit Union Closes Q3 With Sustained Growth
Rogue Credit Union has released financial results for the third quarter of 2020. Rogue’s growth remained steady in key categories. Rogue’s total assets grew at an annualized rate of 34.18%. The credit union continues to maintain a healthy Return on Assets of 1.54%. Rogue’s membership has grown to nearly 150,000 members across Southern Oregon.
In Q3, Rogue Credit Union spearheaded wildfire relief fundraising efforts, raising over $1.1 million. These funds were disbursed to twenty-three non-profit organizations working to rebuild the communities impacted by the Almeda fire.
In addition to wildfire relief efforts, Rogue Credit Union has continued to support its members through the pandemic. The credit union has offered loan payment deferments, facilitated Paycheck Protection Program loans and disbursed over $11 million in Oregon Emergency Relief Funds to our communities.
In Q3, Rogue Credit Union spearheaded wildfire relief fundraising efforts, raising over $1.1 million. These funds were disbursed to twenty-three non-profit organizations working to rebuild the communities impacted by the Almeda fire.
In addition to wildfire relief efforts, Rogue Credit Union has continued to support its members through the pandemic. The credit union has offered loan payment deferments, facilitated Paycheck Protection Program loans and disbursed over $11 million in Oregon Emergency Relief Funds to our communities.
|
Rogue Credit Union |
Q3 - 2020 |
Q3 - 2019 |
|
Total Assets |
$2,132,418,014 |
$1,661,220,639 |
|
Asset Growth (annualized) |
34.18% |
10.03% |
|
Total Loan Portfolio |
$1,359,796,234 |
$1,310,689,195 |
|
Loan Growth (annualized) |
1.80% |
4.79% |
|
Membership Size |
149,889 |
142,884 |
|
Membership Growth (annualized) |
5.29% |
8.45% |
|
Return on Assets (annualized) |
1.54% |
1.80% |
|
Net Worth |
$203,274,942 |
$178,714,630 |
|
Net Worth Ratio |
9.53% |
10.75% |
Rogue Credit Union has 21 locations across Jackson, Josephine, Klamath, Curry, Coos and Douglas counties. Rogue Credit Union’s equity position remains extremely 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%.
