Type Not-for-profit Key people Gene Pelham (CEO) Founded 1956 | Industry Banking and Finance Headquarters Medford | |
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Area served Coos County, Oregon
Del Norte County, California
Curry County, Oregon
Douglas County, Oregon
Jackson County, Oregon
Josephine County, Oregon
Klamath County, Oregon Services Financial services · Retail banking · Online banking · Mobile banking · Investment services Total assets $1.137 billion USD (April 2016) Motto Living local... It's a Rogue thing! Similar Oregon Community Credit Un, Credit Union 1, Credit Union National, Florida Credit Union, Service Credit Union Profiles | ||
Rogue Credit Union, formally Rogue Federal Credit Union, is an American federally chartered credit union and financial holding company headquartered in Medford, Oregon, United States. As of 2016, the credit union's assets are $1.137 billion USD. Rogue Credit Union's branch network serves Southwest Oregon counties of Coos, Curry, Douglas, Jackson, Josephine, and Klamath County, as well as Del Norte County, California.
History
Rogue Credit Union was founded as Jackson County Teachers Federal Credit Union (JCTFCU) in 1956 by 10 Southern Oregon 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 Rogue Federal Credit Union following a merger in 1972, than allowing membership for city, county, state and school employees. In 1977, the credit union began offering checking accounts.
In 2000, Rogue Credit Union had 32,000 members and $185 million USD in assets, and was approved in 2001 by the National Credit Union Administration 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 Curry, Coos County, Oregon and Del Norte County, California, with a total combined membership of 71,000 members and $809 million USD in assets. The credit union also acquired a branch in one California county.
After the 2015 shooting at Umpqua Community College 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, current CEO of Rogue Credit Union, began a three-year term on the Federal Reserve System's Twelfth District Community Depository Institutions Advisory Council in San Francisco, California. 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 $1.137 billion USD 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, current CEO of Rogue Credit Union, said that his organization's growth rate is "among the top five credit unions in the country."