Civic Intelligence

Rogue Credit Union

EIN 93-0491115 • 501(c)14 • Medford, OR

Profile

To create the most loyal members in the nation by providing exceptional experiences that build mutually beneficial relationships.

1370 Center DriveMedford, OR 97501

www.roguecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.92x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

14.83x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

11%

Faster asset growth than 90% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2022 to 2024

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,616,311,100

Up $253,481,895 (+7.5%) from 2023

Liabilities

Up

$3,340,753,833

Up $217,334,207 (+7.0%) from 2023

Net Assets

Up

$275,557,267

Up $36,147,688 (+15%) from 2023

Revenue

Up

$225,240,586

Up $35,143,986 (+18%) from 2023

Expenses

Up

$200,882,793

Up $38,677,779 (+24%) from 2023

Net Income

Down

$24,357,793

Down $3,533,793 (-13%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0B$3.0B$2.0B$1.0B$0Assets 2015: $1,066,233,978Liabilities 2015: $961,388,984Net Assets 2015: $104,844,9942015Assets 2020: $2,489,533,338Liabilities 2020: $2,247,594,270Net Assets 2020: $241,939,0682020Assets 2021: $2,944,952,062Liabilities 2021: $2,678,408,740Net Assets 2021: $266,543,3222021Assets 2022: $2,958,047,425Liabilities 2022: $2,770,759,270Net Assets 2022: $187,288,1552022Assets 2023: $3,362,829,205Liabilities 2023: $3,123,419,626Net Assets 2023: $239,409,5792023Assets 2024: $3,616,311,100Liabilities 2024: $3,340,753,833Net Assets 2024: $275,557,2672024

Highlighted filing

2024

Assets$3,616,311,100
Liabilities$3,340,753,833
Net Assets$275,557,267

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0Revenue 2015: $60,449,378Expenses 2015: $44,647,132Net Income 2015: $15,802,2462015Revenue 2020: $118,130,175Expenses 2020: $85,780,481Net Income 2020: $32,349,6942020Revenue 2021: $136,267,424Expenses 2021: $98,597,299Net Income 2021: $37,670,1252021Revenue 2022: $141,160,770Expenses 2022: $105,945,835Net Income 2022: $35,214,9352022Revenue 2023: $190,096,600Expenses 2023: $162,205,014Net Income 2023: $27,891,5862023Revenue 2024: $225,240,586Expenses 2024: $200,882,793Net Income 2024: $24,357,7932024

Highlighted filing

2024

Revenue$225,240,586
Expenses$200,882,793
Net Income$24,357,793

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$241,973,646
Mission and Program Overview

Mission

To create the most loyal members in the nation by providing exceptional experiences that build mutually beneficial relationships.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,933,053,035$2,113,572,141▲ $180,519,106
Investments in Publicly Traded Securities$898,502,110$888,990,258▼ $9,511,852
Rtn Earn Endowment Incm Other Fnds$239,409,579$275,557,267▲ $36,147,688
Investments Other Securities$150,358,424$250,767,233▲ $100,408,809
Land, Buildings, and Equipment, Net$106,407,608$108,644,148▲ $2,236,540
Savings and Temporary Cash Investments$107,228,659$66,600,757▼ $40,627,902
Cash and Non-Interest-Bearing Accounts$20,476,815$25,404,443▲ $4,927,628
Receivables From Officers Etc$10,645,321$10,827,224▲ $181,903
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,362,829,205$3,616,311,100▲ $253,481,895
Other Assets Total$136,157,233$151,504,896▲ $15,347,663
Liabilities
Other Liabilities$2,898,460,161$3,111,104,525▲ $212,644,364
Unsecured Notes Loans Payable$149,652,341$180,000,000▲ $30,347,659
Accounts Payable and Accrued Expenses$63,381,618$48,113,065▼ $15,268,553
Mortgage Notes Payable Secured by Investment Property$10,672,933$0▼ $10,672,933
Escrow Account Liability$1,252,573$1,536,243▲ $283,670
Total Liabilities$3,123,419,626$3,340,753,833▲ $217,334,207
Net Assets / Fund Balance
Total Net Assets Fund Balance$239,409,579$275,557,267▲ $36,147,688
Total Liabilities and Net Assets / Fund Balance$3,362,829,205$3,616,311,100▲ $253,481,895

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$71,471,650$15,039,461$86,511,111
Equipment$6,488,706$27,381,185$33,869,891
Land$30,649,982-$30,649,982
Leasehold Improvements$33,810$270,909$304,719
Other Securities$227,460,963--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephenson Matthew CChief Executive OfficerFT$789,145$558,595$1,347,740
Thurman BlakeChief Financial OfficerFT$345,031$487,653$832,684
Roberson Jeffry DeeChief Information OfficerFT$336,246$424,727$760,973
Pickens Jeanne MEvp/chief Operations OfficerFT$368,096$212,003$580,099
Heese Chad RichardChief Lending and Strategy OfficerFT$337,383$165,552$502,935
England Kellie LSVP of Member ExperienceFT$254,612$140,934$395,546
Davol Ben WilliamSVP, Information Technology ServicesFT$229,303$116,897$346,200
Mulkins Scott HaroldSVP of Analytics and Enterprise RiskFT$226,822$107,434$334,256
Overton Troy RSVP of Consumer and Mortgage LendingFT$250,729$80,565$331,294
Ripplinger DanielVP of Business ServicesFT$234,866$52,862$287,728
Smith PhilipBoard Chair-$25,000-$25,000
Angstadt PeterBoard Secretary-$21,000-$21,000
Hutchinson Katie MBoard Member-$21,000-$21,000
Itzen NeilBoard Member-$21,000-$21,000
Palm Alex MBoard Treasurer-$21,000-$21,000
Scott HeatherBoard Vice Chair-$21,000-$21,000
Yasuda RogerBoard Member-$18,000-$18,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv INCCore ProcessorPO BOX 208457, Dallas, TX 75320$5,189,909
Visa USA INCCredit Card ProcessingPO BOX 742233, Los Angeles, CA 90074$3,001,034
Ncr Voyix CorporationOnline/mobile Banking3095 SATELLITE BLVD, Duluth, GA 30096$2,451,665
Cook Solutions Group INCSecurity/atm Maintenance9225 NE CASCADES PKWY, Portland, OR 97220$2,015,721
National Credit Union AdministrationNational Credit Union Insurance Fund1775 DUKE ST, Alexandria, VA 22314$1,948,040
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$168,844,233
Investment Income
$56,396,353
Other Revenue
$0
Change in Net Assets
$24,357,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,431,348
Salaries, Compensation, and Employee Benefits$63,550,913
Grants and Similar Amounts Paid$900,532
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$64,226,434
Other Salaries and Wages---$45,382,282
Office Expenses---$9,287,589
Other Employee Benefits---$7,517,097
Fees for Services Other---$5,481,333
Depreciation Depletion---$5,420,694
Payroll Taxes---$4,189,963
Current Officers, Directors, Trustees, and Key Employees---$4,172,436
Occupancy---$3,826,466
All Other Expenses---$3,708,298
Advertising---$3,532,941
Pension Plan Contributions---$2,289,135
Information Technology---$2,156,564
Other Expenses---$1,166,641
Grants to Domestic Orgs---$900,532
Insurance---$513,833
Travel---$443,355
Fees for Services Accounting---$299,814
Fees for Services Legal---$197,645
Total Functional Expenses$0$0$0$200,882,793
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Medford Parks & Recreation FoundationMedford, OR501(c)(3)Rogue X Community Outreach Building and Movies in the Park Medford or$278,165
Asante FoundationMedford, OR501(c)(3)Electronic Car - Maxx and Pledge Completion$40,346
AccessMedford, OR501(c)(3)Affordable Housing Program$35,000
Coalicion Fortaleza Dba My Valley HomeMedford, OR501(c)(3)Rebuild Homes After Almeda Fire$25,000
Community in ActionOntario, OR501(c)(3)Affordable Housing Program$25,000
Habitat for Humanity Rogue ValleyMedford, OR501(c)(3)Affordable Housing Program$25,000
Klamath & Lake Community Action ServicesKlamath Falls, OR501(c)(3)Affordable Housing Program$25,000
Little League Baseball IncCentral Point, OR501(c)(3)Scoreboard Year 1$25,000
Oregon Coast Community Action ServicesCoos Bay, OR501(c)(3)Affordable Housing Program$25,000
Umpqua Valley Habitat for HumanityRoseburg, OR501(c)(3)Affordable Housing Program$25,000
The Chamber of Medford & Jackson CountyMedford, OR501(c)(3)Annual Award Dinner Sponsorship, Forum Table Sponsorship, and Forum Sponsorship$18,350
Southwestern Oregon Community College FoundationCoos Bay, OR501(c)(3)Sou Athletics Sponsorship and Scoreboard$15,000
Forte Clothing CompanyCentral Point, OR501(c)(3)Wally the Wolf Stuff Animals$12,890
La Clinica Del Valle Family Health Care Center IncMedford, OR501(c)(3)Happy Smiles - Dental Sponsorship$10,000
Make a Wish Foundation of OregonPortland, OR501(c)(3)Brooke Communications - Make-a-wish Foundation$10,000
National Credit Union FoundationMadison, WI501(c)(3)Impact Donation Renewal$10,000
Pear Blossom Festival Association IncMedford, OR501(c)(3)Pear Blossom Parade and Festival Sponsorship$10,000
Medford Rogues Baseball ClubMedford, OR501(c)(6)Athlethics Sponsorship - Title Sponsorship$8,000
Bandon Chamber of CommerceBandon, OR501(c)(3)Cranberry Festival$7,000
Rogue World MusicAshland, ORKlamath FallsHeadliner Sponsorship$7,000
Ontario Paintball Challenge LLCOntario, OR501(c)(3)Cornmaze/slide Sponsorship$6,500
Oregon Institute of TechnologyKlamath Falls, OR-Sponsorship Agreement$6,000
Medford Cruise AssociationMedford, OR-Support the Cruise Sponsorship$5,500
Rogue Credit Union FoundationMedford, OR-General Support of Fully Controlled Entity$5,190
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$550
Total Exempt Function Spending$550

Section 527 Organizations

OrganizationLocationAmount
93-0859556Salem, OR$500
93-0470826Salem, OR$50
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$10,645,321$10,827,224▲ $181,903
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$3,111,104,525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union is a financial cooperative that is member owned.

Form 990, Part VI, Section A, Line 7A

Members that have reached sixteen years of age each have one vote on matters brought to vote at member meetings, including election of board of directors.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the ceo, cfo and controller before being filed. The form is available to the board of directors upon request.

Form 990, Part VI, Section B, Line 15

In 2024, a formal outside service was utilized, as well as two other purchased salary surveys and review of published forms 990, for all vp and higher positions, including ceo the board of directors approved the ceo's compensation, and the ceo approved the compensation for all vp and higher positions.

Form 990, Part VI, Section C, Line 19

Monthly financial statements are posted in branches for members to view. Governing documents and conflict of interest policy are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Rogue Credit Union
EIN
93-0491115
Phone
8008567328
Address
1370 CENTER DRIVE, MEDFORD, OR 97501

Signing Officer

Name
Blake Thurman
Title
CFO
Phone
8008567328
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Stephenson
Formed
1956
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
7
Employees
792
Volunteers
0

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
805 SW BROADWAY STE 1400, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The credit union maintains escrow accounts for taxes and insurance as part of the loan program.

PART X, LINE 2:

The credit union is state-chartered and federally tax-exempt under internal revenue code section 501(c)(14), except to the extent of unrelated business income. An exempt organization return, and unrelated business income tax returns are filed annually with the applicable federal and state tax jurisdictions. Unrelated business income tax is insignificant, and no tax provision has been made in the accompanying consolidated financial statements. The credit union has two wholly owned subsidiaries, one is a disregarded entity for tax purposes and is therefore not subject to federal income tax, the other is a 501(c)(3) nonprofit organization that is subject to 990 information reporting. Additionally, the credit union had no unrecognized tax benefits as of december 31, 2024 and 2023. The credit union recognizes interest accrued and penalties related to the unrecognized tax benefits as an administrative expense. During the years ended december 31, 2024 and 2023, the credit union recognized an immaterial amount of interest and penalties.

Raw XML AppendixShowing 400 of 1,051 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EVP/CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF LENDING AND STRATEGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SVP OF MEMBER EXPERIENCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt8SVP OF CONSUMER AND MORTGAGE LENDING
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IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
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