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
W/voting in RI, NH complete, the credit unions of Mass. R expected to finish voting on a plan to merge the three state #CU leagues today.
29 minutes ago
7 fed agencies involved in 2day's 2 pm ET fair lending webinar hosted by @federalreserve @TheNCUA to participate http://t.co/Mh9OvOt8c9
36 minutes ago
Today Ntl Fed of CDCUs holds 2 pm ET webinar on performance, profiles, prospects of #CDFI #CUs http://t.co/x4Z9UiKK4u
51 minutes ago
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
16 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
18 hours ago