Rogue Credit Union
- Assets
- $3.0b
- Revenue
- $141.2m
- Investments
- $13.1m
- Employees
- 789
- Location
- Medford, OR
- Founding
- Data as of
- 12/2022
- EIN
- 93-0491115
Organization Overview
Rogue Credit Union is located in Medford, OR. As of 12/2022, Rogue Credit Union employed 789 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 12/2022, Rogue Credit Union generated $141.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $105.9m during the year ending 12/2022. While expenses have increased by 24.1% per year over the past 4 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 18 individual grants totaling $477,106. 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
2022
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pelham Eugene L Retired CEO | OfficerTrustee | 13 | $2,190,526 |
Stephenson Matthew C Chief Executive Officer | OfficerTrustee | 50 | $828,560 |
Thurman Blake Chief Financial Officer | OfficerTrustee | 50 | $436,354 |
Heese Chad Richard Chief Lending And Strategy Officer | Officer | 50 | $326,494 |
Pickens Jeanne M Chief Operations Officer | Officer | 50 | $342,666 |
Roberson Jeffry Dee Chief Information Officer | Officer | 50 | $327,123 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
S&b James Construction Management Co Construction | 12/30/22 | $12,037,761 |
Fiserv Inc Core Processor | 12/30/22 | $5,166,064 |
Visa Usa Inc Credit Card Processing | 12/30/22 | $3,204,894 |
Outlier Construction Llc Construction | 12/30/22 | $2,348,649 |
Ncr Corporation Online/mobile Banking | 12/30/22 | $2,784,501 |
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 | $126,503,177 |
| Investment income | $23,549,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,891,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,160,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $311,771 |
| 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. | $5,856,088 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,614,464 |
| Pension plan accruals and contributions | $1,648,458 |
| Other employee benefits | $4,379,413 |
| Payroll taxes | $3,539,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,431 |
| Fees for services: Accounting | $277,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,493,649 |
| Advertising and promotion | $2,469,543 |
| Office expenses | $4,966,373 |
| Information technology | $1,505,570 |
| Royalties | $0 |
| Occupancy | $3,104,994 |
| Travel | $360,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,139,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,737,171 |
| Insurance | $316,244 |
| All other expenses | $8,330,670 |
| Total functional expenses | $105,945,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,208,070 |
| Savings and temporary cash investments | $15,511,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $10,467,041 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,922,627,285 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $105,905,651 |
| Investments—publicly traded securities | $767,718,724 |
| Investments—other securities | $13,072,797 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,536,495 |
| Total assets | $2,958,047,425 |
| Accounts payable and accrued expenses | $47,512,168 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $953,949 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,449,651 |
| Unsecured mortgages and notes payable | $25,000,000 |
| Other liabilities | $2,679,843,502 |
| Total liabilities | $2,770,759,270 |
| 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 | $187,288,155 |
| Total liabilities and net assets/fund balances | $2,958,047,425 |
Grants Awarded
Over the last fiscal year, Rogue Credit Union has awarded $236,476 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROGUE CREDIT UNION FOUNDATION INC PURPOSE: GENERAL SUPPORT OF FULLY CONTROLLED ENTITY | $217,901 |
GOWEST FOUNDATION PURPOSE: CU FOR KIDS AUCTION | $18,575 |