Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Oregon association reports CUs soundness at Rogue FCU
MEDFORD, Ore. (4/30/09)--Oregon's credit unions have seen growing deposits and membership as a result of the nation's best-known banks running aground financially last year. During Rogue FCU's 52nd Annual Meeting April 21 in Medford, Credit Union Association of Oregon CEO Troy Stang noted that Oregon's credit unions during 2008 experienced 2% growth statewide, most of it in the last two quarters, according to a press release from the credit union. Rogue FCU also benefited from the flight from banks. "As members moved more and more of their funds to a safe, local alternative, we saw deposits grow 5.44% or by almost $19 million in 2008," Rogue Federal President/CEO Gene Pelham reported. Pelham assured members that the credit union is well-positioned for the economic difficulties faced in the community. It has more than $38 million in reserves and a net worth ratio of 9.36%, Pelham said. Rogue Federal has more than $439 million in assets and $339 million in its loan portfolio.


RSS print
News Now LiveWire
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
1 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
1 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
3 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
20 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
21 hours ago