Community Development Financial Institution
ROGUE CREDIT UNION EARNS COMMUNITY DEVELOPMENT CERTIFICATION
Medford, OR – The U.S. Treasury Department’s Community Development Financial Institutions Fund recently certified Rogue Credit Union as a Community Development Financial Institution (CDFI). In the spirit of living, giving and supporting local, this certification will create new opportunities for Rogue to make a difference for the members of our communities.
CDFI certification is granted to organizations that foster economic growth and opportunity in historically under-resourced communities. As a CDFI-certified institution, Rogue will have access to CDFI Fund grants. These grants will help the credit union expand access to financial services for members and communities throughout southern Oregon and western Idaho.
At Rogue, success is measured in the positive impact made on the lives of others. The credit union looks forward to better serving local communities through the power of people helping people and this new CDFI certification.
"Supporting local has been a core value of Rogue since we were founded in 1956," said Matt Stephenson, President/CEO of Rogue Credit Union. "We are excited to continue our partnership with our members and local communities to find new ways to help them through this certification."
Rogue Credit Union received assistance in their CDFI application from CU Strategic Planning, the largest credit union consultancy focused on CDFI certification and grant fund applications, as well as strategic planning, financial empowerment and Diversity, Equity and Inclusion initiatives. “We’re incredibly proud of the work our client credit unions do to unlock opportunities within their communities and make a measurable difference in people’s lives,” Stacy Augustine, CEO and owner of CU Strategic Planning, stated. “CDFI certification validates that these credit unions are already doing the resource-intensive work of serving underserved communities. Most credit unions are already doing the work of CDFIs, and we encourage more credit unions to explore certification to expand their influence and serve even more people living banking deserts and hard-working yet economically disadvantaged people.”
About Rogue Credit Union
Rogue Credit Union is a member-owned, not-for-profit financial cooperative with an asset base of nearly $3 billion and a loan portfolio of over $1.8 billion. At Rogue, membership is about more than an auto loan or a checking account; it’s about offering a higher level of service to over 204,000 members. Under the guidance of the Board of Directors, Rogue is committed to helping its members 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, Idaho and California counties. Stop by any branch or visit www.roguecu.org to become part of something bigger.
About CU Strategic Planning
For 15 years, CU Strategic Planning is the No. 1 CDFI certification and grant-writing firm for credit unions in the U.S. Through grants, strategic and tactical planning, DEIBA consulting, HERO Community Development Financial Counselor training, community summit facilitation and more, CU Strategic Planning achieves its mission to unlock opportunities for credit unions to change lives and their communities. CU Strategic Planning’s funding procured for CDFI credit unions has reached $800 million.