Rogue Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1956 |
| Headquarters | Medford , United States |
Area served | Southwest Oregon, Payette County (Idaho), Del Norte County (California) |
| Products | Financial services |
| Website | www |
Rogue Credit Union, previously known as Rogue Federal Credit Union, is a credit union and financial holding company chartered by the State of Oregon, with its main office located in Medford, Oregon, United States. As reported in 2023, the institution manages assets totaling $3.33 billion. Its branch locations provide services across several counties in Southwest Oregon, including Coos, Curry, Douglas, Jackson, Josephine, Malheur, and Klamath. Additionally, it serves members in Payette County in Idaho and Del Norte County, California.
History
The credit union was established in 1956 under the name Jackson County Teachers Federal Credit Union (JCTFCU) by a group of ten educators from Southern Oregon. Initially, membership was restricted to public school staff within Jackson County and their immediate families. Over time, the institution broadened its membership base and service offerings, subsequently rebranding as Jackson Public Service Federal Credit Union to welcome employees from city, county, state government, and school systems. After merging in 1982 with a group that included federal employees, it adopted the name Rogue Federal Credit Union. The organization began offering checking accounts in 1977 and transitioned to a community charter to expand its reach.
By the year 2000, Rogue Credit Union had grown to serve 32,000 members with assets amounting to $185 million. Approval was granted in 2001 to open new branches in Josephine and Klamath counties. The 2012 acquisition of Chetco Federal Credit Union brought additional branches within Curry and Coos counties as well as in Del Norte County, California, elevating membership to 71,000 and assets to $809 million. A merger completed in 2021 with Malheur Federal Credit Union extended the credit union’s footprint into Eastern Oregon and Western Idaho.
In response to the 2015 Umpqua Community College shooting incident in Roseburg, Rogue Credit Union contributed up to $7,500 to support those affected.
In January 2016, then-CEO Gene Pelham commenced a three-year appointment on the Federal Reserve System’s Twelfth District Community Depository Institutions Advisory Council. During that same year, the credit union’s assets surpassed $1.137 billion; approximately 85% of these assets were loaned out while $154 million were invested in government-backed securities. Pelham highlighted that the institution’s growth rate ranked within the top five among credit unions nationwide.
In 2022, Matt Stephenson, formerly Executive Vice President, was named president and CEO, becoming the fifth individual to hold this position in the organization's history.