We know you have choices when choosing a financial institution and often there is confusion when discerning the difference between credit unions and banks. Here is what we think the differences are:
- Credit unions are member-owned, not-for-profit financial cooperatives dedicated to benefiting members. Each person is only allowed one share in the credit union, so by becoming a member it really is YOUR credit union.
- By becoming a member of Rogue Credit Union, you choose to belong to something special – YOUR credit union. Your ownership is represented by maintaining a minimum balance of $5 in a savings account.
- Credit Unions are the only democratically-controlled financial institutions in the United States. You and other members elect a volunteer board of directors to oversee the credit union. The President/CEO reports to this board.
- Because credit unions aren't focused on making a profit, we're able to offer lower rates on loans and higher earnings on savings, therefore benefiting our members.
Who can become a member of Rogue Credit Union? Any person who lives, works, owns a business or has an immediate family member in Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Del Norte, Deschutes, Douglas, Gilliam, Hood River, Jackson, Josephine, Jefferson, Multnomah, Klamath, Lake, Lane, Lincoln, Linn, Marion, Polk, Sherman, Tillamook, Wasco, Washington, Wheeler, or Yamhill County qualifies for membership at Rogue Credit Union.