Rogue Credit Union, formerly Rogue Federal Credit Union, is an American Oregon State chartered

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provisi ...

and financial holding company headquartered in

Medford, Oregon Medford is a city in and the county seat of Jackson County, Oregon, in the United States. As of the 2020 United States Census on April 1, 2020, the city had a total population of 85,824 and a metropolitan area population of 223,259, making the M ...

, United States. As of 2022, the credit union's assets are $3.70 billion

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

. Rogue Credit Union's branch network serves Southwest Oregon counties of Coos,

Curry A curry is a dish with a sauce seasoned with spices, mainly associated with South Asian cuisine. In southern India, leaves from the curry tree may be included. There are many varieties of curry. The choice of spices for each dish in trad ...

Douglas Douglas may refer to: People * Douglas (given name) * Douglas (surname) Animals * Douglas (parrot), macaw that starred as the parrot ''Rosalinda'' in Pippi Longstocking *Douglas the camel, a camel in the Confederate Army in the American Civi ...

Jackson Jackson may refer to: People and fictional characters * Jackson (name), including a list of people and fictional characters with the surname or given name Places Australia * Jackson, Queensland, a town in the Maranoa Region * Jackson North, Qu ...

, Josephine, Malheur and Klamath County, as well as Payette County in Idaho and

Del Norte County, California ), in California , seat_type = County seat , seat = Crescent City , parts_type = Largest city , parts = Crescent City , unit_pref = US , area_total_sq_mi = 1230 , area_land_sq_mi = 1006 , area_water_sq_mi = 223 , elevation_max_footnote ...

History

Rogue Credit Union was founded as Jackson County Teachers Federal Credit Union (JCTFCU) in 1956 by 10

Southern Oregon Southern Oregon is a region of the U.S. state of Oregon south of Lane County and generally west of the Cascade Range, excluding the southern Oregon Coast. Counties include Douglas, Jackson Jackson may refer to: People and fictional charac ...

teachers. Membership was originally open to public school employees in Jackson County, employees of the credit union, members of their immediate families, and organizations to which these people belonged. Jackson County Teachers Federal Credit Union changes its name to Jackson Public Service Federal Credit Union expanding membership for city, county, state, and school employees. The name was changed to Rogue Federal Credit Union following a merger in 1982 which also added federal employees to eligibility. Later In 1977, the credit union began offering checking accounts and expanded its charter as a community based credit union. In 2000, Rogue Credit Union had 32,000 members and US$185 million in assets, and was approved in 2001 by the

National Credit Union Administration The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ...

to expand their branch network into Josephine and Klamath County. Rogue Credit Union purchased and assumed Chetco Federal Credit Union in 2012 from the National Credit Union Administration, acquiring branches in

, Coos County, Oregon and

, with a total combined membership of 71,000 members and US$809 million in assets. In 2021, a merger with Malheur Federal Credit Union brought Rogue Credit Union into Eastern Oregon and Western Idaho. After the

mass shooting There is a lack of consensus on how to define a mass shooting. Most terms define a minimum of three or four victims of gun violence (not including the shooter or in an inner city) in a short period of time, although an Australian study from 20 ...

Umpqua Community College Umpqua Community College (UCC) is a public community college near Roseburg, Oregon. The college has sixteen campus buildings located on bordering the North Umpqua River. The campus also features a track, tennis courts, and an outdoor pool. In 2 ...

in Roseburg, Oregon, Rogue Credit Union raised funds to support the victims in the shooting, and planned on giving up to $7,500 to them. In January 2016, Gene Pelham, CEO of Rogue Credit Union 2007-2022, began a three-year term on the

Federal Reserve System The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...

's Twelfth District Community Depository Institutions Advisory Council in

San Francisco San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

. The council meets twice a year, submitting input to senior Federal Reserve Bank management on different bank and economic conditions and policies. The credit union reached US$1.137 billion in assets in April 2016, a milestone in the company's history. Circa 85 percent, or $860.4 million, of the credit union assets, is presently tied up in loans and $154 million is invested in government-backed bonds and securities. Gene Pelham, said that his organization's growth rate is "among the top five credit unions in the country." In 2022, former Executive Vice President Matt Stephenson became Rogue Credit Union's new president/CEO. He is the 5th CEO in the credit unions history.

References

External links

* – Official website
Rogue Credit Union
on

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Rogue Credit Union
on

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{{Portal bar, Oregon, Companies Credit unions based in Oregon Companies based in Medford, Oregon 1956 establishments in Oregon Banks established in 1956 1982 mergers and acquisitions

History

See also

References

External links