Rogue Credit Union
- Assets
- $2.9b
- Revenue
- $136.3m
- Investments
- $152.7m
- Employees
- 764
- Location
- Medford, OR
- Founding
- Data as of
- 12/2021
- EIN
- 93-0491115
Organization Overview
Rogue Credit Union is located in Medford, OR. As of 12/2021, Rogue Credit Union employed 764 individuals. Rogue Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Rogue Credit Union generated $136.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $98.6m during the year ending 12/2021. While expenses have increased by 30.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rogue Credit Union has awarded 16 individual grants totaling $240,630. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION AND TO CONDUCT SUCH ACTIVITIES AS PERMITTED UNDER THE OREGON CREDIT UNION ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATED A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDED AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. PROFITS ARE RETURNED TO MEMBERS IN THE FORM OF BETTER RATES AND LOWER FEES. MEMBERS ARE REWARDED THROUGH ROGUE REWARDS FOR PARTICIPATION THROUGH LOANS, DEPOSITS AND TRANSACTIONS.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene L Pelham Chief Executive Officer | OfficerTrustee | 50 | $1,035,503 |
Matt Stephenson Executive Vice President | OfficerTrustee | 50 | $560,922 |
Jeanne Pickens Chief Operations Officer | Officer | 50 | $519,064 |
Karen Zerger Chief Administration Offic | Officer | 50 | $434,008 |
Blake Thurman Chief Financial Officer | OfficerTrustee | 50 | $339,934 |
Jeffry Roberson Chief Information Officer | Officer | 50 | $327,686 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
S&b James Construction Management Co Construction | 12/30/21 | $16,005,399 |
Visa Usa Inc Credit Card Processing | 12/30/21 | $2,505,283 |
Ncr Corporation Online/mobile Banking | 12/30/21 | $2,163,651 |
Fiserv Inc Core Processor | 12/30/21 | $6,283,654 |
National Credit Union Administration Regulatory Review | 12/30/21 | $5,551,322 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $120,371,914 |
| Investment income | $15,190,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $704,540 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,267,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,229 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,652,311 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,794,321 |
| Pension plan accruals and contributions | $1,627,874 |
| Other employee benefits | $5,106,480 |
| Payroll taxes | $3,072,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,323 |
| Fees for services: Accounting | $245,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,951,996 |
| Advertising and promotion | $2,526,752 |
| Office expenses | $4,339,676 |
| Information technology | $1,914,582 |
| Royalties | $0 |
| Occupancy | $2,763,198 |
| Travel | $149,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,879,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,705,266 |
| Insurance | $386,862 |
| All other expenses | $6,099,005 |
| Total functional expenses | $98,597,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,714,791 |
| Savings and temporary cash investments | $134,285,918 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,475,546 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,673,567,294 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $94,032,535 |
| Investments—publicly traded securities | $800,680,976 |
| Investments—other securities | $152,685,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,509,368 |
| Total assets | $2,944,952,062 |
| Accounts payable and accrued expenses | $39,559,915 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,563,251 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,635,285,574 |
| Total liabilities | $2,678,408,740 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $266,543,322 |
| Total liabilities and net assets/fund balances | $2,944,952,062 |
Grants Awarded
Over the last fiscal year, Rogue Credit Union has awarded $66,442 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Medford, OR PURPOSE: GENERAL SUPPORT OF FULLY CONTROLLED ENTITY | $35,942 |
Seatac, WA PURPOSE: CU FOR KIDS AUCTION | $20,000 |
Ontario, OR PURPOSE: ENDOWMENT DONATION | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Governors University Salt Lake City, UT | $621,679,021 | $1,020,118,520 |
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Camp Bowie Service Center Oakland, CA | $146,481,054 | $935,370,038 |
Childrens Hospital Of Orange County Orange, CA | $1,359,092,221 | $992,003,540 |
Southern California Schools Voluntary Employees Benefits Assoc San Diego, CA | $183,534,319 | $919,105,914 |
Adventist Health System-West Roseville, CA | $3,327,906,475 | $789,421,387 |
Prime Healthcare Foundation Inc Ontario, CA | $1,893,168,414 | $990,033,576 |
Loma Linda Mercantile Loma Linda, CA | $5,623,174 | $892,472,678 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $7,102,375,761 | $894,057,700 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Salem Health Salem, OR | $1,797,165,433 | $888,127,204 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |