Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
19 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
21 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
23 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
23 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago