Rogue Credit Union returns $4 million loyalty dividend to members

Rogue Credit Union, Medford, Ore., on Wednesday returned $4 million to its members as part of the credit union’s second Rogue Rewards Loyalty Dividend.

The $1.5 billion-asset CU is headquartered in Medford, Ore.

Rogue CU said more than 116,000 members earned a dividend as a result of their participation in the credit union. The amount per member was determined by a mix of deposits, loans and transactions. The loyalty dividend was deposited into members’ high-yield Ownership Account, with an APY of 4 percent, which the CU noted will allow those members to earn even more.

The credit union also returned money to its members for the 2017 and 2016 fiscal years.

“We are thrilled to return a $4 million loyalty dividend to our members,” Gene Pelham, Rogue CU’s president and CEO, said in a statement. “Our members’ loyalty and active participation in their local credit union is what has made Rogue Credit Union successful, and we are excited to share that success with our member-owners right before the holidays.”

In July Rogue CU reported strong growth in the second quarter in all key categories, including record increases in deposits, rising loan demand and solid membership gains.

Kelsey Esqueda