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Rogue Credit Union

Medford, ORUnknown exempt organizationSince 1956EIN 93-0491115Revenue $225.2M in FY2024

On file with the IRSroguecu.org1370 Center Drive · Medford, OR

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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.

$4.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $31.5M a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$4.7M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.3B
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225.2M
+18% vs prior year
Spent
$200.9M
Net assets
$275.6M
By yearFY2020–FY2024
Revenue
$225.2M
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$118.1M
FY2021$136.3M
FY2022$141.2M
FY2023$190.1M
FY2024$225.2M
Expenses
$200.9M
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$85.8M
FY2021$98.6M
FY2022$105.9M
FY2023$162.2M
FY2024$200.9M
Net assets
$275.6M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$241.9M
FY2021$266.5M
FY2022$187.3M
FY2023$239.4M
FY2024$275.6M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $4.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
Stephenson Matthew C
Chief Executive Officer
$1,008,195Pt VII · Sec A
Thurman Blake
Chief Financial Officer
$692,657Pt VII · Sec A
Roberson Jeffry Dee
Chief Information Officer
$638,227Pt VII · Sec A
Pickens Jeanne M
EVP/Chief Operations Officer
$429,997Pt VII · Sec A
Heese Chad Richard
Chief Lending and Strategy Officer
$394,595Pt VII · Sec A
England Kellie L
SVP of Member Experience
$298,502Pt VII · Sec A
Overton Troy R
SVP of Consumer and Mortgage Lending
$290,515Pt VII · Sec A
Ripplinger Daniel
VP of Business Services
$273,711Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pelham Eugene L—$1,358,663$2,190,526——
Eugene L Pelham———$1,035,503$1,364,380
Stephenson Matthew C$1,008,195$1,020,745$828,560——
Matt Stephenson———$560,922$919,592
Thurman Blake$692,657$379,375$436,354——
Roberson Jeffry Dee$638,227$366,521$327,123——
Heese Chad Richard$394,595$590,450$326,494——
Jeanne Pickens———$519,064$274,536

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Rogue Credit Union executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II6 listed

Programs and updates

Helps members save money, borrow affordably, and improve their economic well-being.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Created a source of credit at a fair and reasonable rate of interest and provided an opportunity for members to use and control their own money in order to improve their economic and social condition. Profits are returned to members in the form of better rates and lower fees.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 39 grants · $1.1M · 2020–2024
Medford Parks & Recreation FoundationOR · FY2024$278,165
Asante FoundationOR · FY2024$40,346
AccessOR · FY2024$35,000
Bellaire Little League INCTX · FY2024$25,000
Klamath & Lake Community Action ServicesOR · FY2024$25,000
Habitat for Humanity International INCOR · FY2024$25,000
Community in ActionOR · FY2024$25,000
Oregon Coast Community ActionOR · FY2024$25,000
Coalicion FortalezaOR · FY2024$25,000
Umpqua Valley Habitat for HumanityOR · FY2024$25,000
Chamber of Medford Jackson CountyOR · FY2024$18,350
Southwestern Oregon Community College Foundation INCOR · FY2024$15,000
Forte Clothing CompanyFY2024$12,890
Pear Blossom Festival Association INCOR · FY2024$10,000
National Credit Union Foundation INCWI · FY2024$10,000
La Clinica Del Valle Family Health Care Center INCOR · FY2024$10,000
Make a Wish Foundation of Oregon INCOR · FY2024$10,000
Medford Rogues Baseball ClubFY2024$8,000
See all 39 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$225.2M
Ln 12
Fees for servicesLn 2g$168.8M
Investment incomeLn 3$56.4M
Money outPt IX
$200.9M
Ln 25
Owns and owesPt X
$275.6M
net assets · Ln 32
Cash and savingsLn 1–2$92.0M
Total assetsLn 16$3.6B
LiabilitiesLn 26$3.3B
PeoplePt VI, VII
17
listed · VII A
PaidVII A17
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$168.8M
Investment incomeLn 3$56.4M
Gains on assetsLn 7−$1.1M
Total revenueLn 12$225.2M
Assets in detailPt X, end of year
CashLn 1$25.4M
SavingsLn 2$66.6M
Cash and savings togetherLn 1–2$92.0M
InvestmentsLn 11–13$1.14B
Land, buildings, equipmentLn 10c$108.6M
Other assetsLn 15$151.5M
Total assetsLn 16$3.6B
LiabilitiesLn 26$3.3B
Net assetsLn 32$275.6M
OperationsPt I, VI
EmployeesI 5764
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$127.7M$92.0M
InvestmentsLn 11–13$1.05B$1.14B
Land, buildings, equipmentLn 10c$106.4M$108.6M
Total assetsLn 16$3.36B$3.62B
LiabilitiesLn 26$3.12B$3.34B
Net assetsLn 32$239.4M$275.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$901K
Pay of current officers, directors and key staffLn 5$4.2M
Other salaries and wagesLn 7$45.4M
Pension plan contributionsLn 8$2.3M
Other employee benefitsLn 9$7.5M
Payroll taxesLn 10$4.2M
Legal feesLn 11b$198K
Accounting feesLn 11c$300K
Other fees for servicesLn 11g$5.5M
Advertising and promotionLn 12$3.5M
Office expensesLn 13$9.3M
Information technologyLn 14$2.2M
OccupancyLn 16$3.8M
TravelLn 17$443K
InterestLn 20$64.2M
Depreciation, depletion and amortizationLn 22$5.4M
InsuranceLn 23$514K
Other expenses (24a–d)Ln 24$37.3M
All other expensesLn 24e$3.7M
Total functional expensesLn 25$200.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $225.2M$200.9M$24.4M$275.6M 990 PDF
FY2023 $190.1M$162.2M$27.9M$239.4M 990 PDF
FY2022 $141.2M$105.9M$35.2M$187.3M 990 PDF
FY2021 $136.3M$98.6M$37.7M$266.5M 990 PDF
FY2020 $118.1M$85.8M$32.3M$241.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $225,240,586 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $152,996,061$168,844,233
I-10 Investment incomePrior year $37,100,539$56,396,353
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $190,096,600$225,240,586
I-13 Grants and similar amounts paidPrior year $362,193$900,532
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $57,961,295$63,550,913
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $103,881,526$136,431,348
I-18 Total expensesPrior year $162,205,014$200,882,793
I-19 Revenue less expensesPrior year $27,891,586$24,357,793
Part VI · Governance 7 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $225,240,586 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $168,611,753 · Unrelated business $232,480$168,844,233
VIII-3 Investment incomeExcluded from tax $57,527,929$57,527,929
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,131,576−$1,131,576
VIII-12 Total revenueRelated to mission $168,611,753 · Unrelated business $232,480 · Excluded from tax $56,396,353$225,240,586
Part IX · Statement of functional expenses $200,882,793 across 19 lines filed
IX-1 Grants to domestic organizations$900,532
IX-5 Pay of current officers, directors and key staff$4,172,436
IX-7 Other salaries and wages$45,382,282
IX-8 Pension plan contributions$2,289,135
IX-9 Other employee benefits$7,517,097
IX-10 Payroll taxes$4,189,963
IX-11b Legal fees$197,645
IX-11c Accounting fees$299,814
IX-11g Other fees for services$5,481,333
IX-12 Advertising and promotion$3,532,941
IX-13 Office expenses$9,287,589
IX-14 Information technology$2,156,564
IX-16 Occupancy$3,826,466
IX-17 Travel$443,355
IX-20 Interest$64,226,434
IX-22 Depreciation, depletion and amortization$5,420,694
IX-23 Insurance$513,833
IX-24 Other expenses (24a–d)$37,336,382
IX-24e All other expenses$3,708,298
IX-25 Total functional expenses$200,882,793
Part X · Balance sheet $3,616,311,100 assets, 13 lines filed
Asset lines not itemized here account for $2,124,399,365; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $20,476,815$25,404,443
X-2 Savings and temporary cash investmentsStart of year $107,228,659$66,600,757
X-10c Land, buildings and equipment, netStart of year $106,407,608$108,644,148
X-11 Publicly traded securitiesStart of year $898,502,110$888,990,258
X-12 Other securitiesStart of year $150,358,424$250,767,233
X-15 Other assetsStart of year $136,157,233$151,504,896
X-16 Total assetsStart of year $3,362,829,205$3,616,311,100
X-17 Accounts payable and accrued expensesStart of year $63,381,618$48,113,065
X-24 Unsecured notes and loans payableStart of year $149,652,341$180,000,000
X-25 Other liabilitiesStart of year $2,898,460,161$3,111,104,525
X-26 Total liabilitiesStart of year $3,123,419,626$3,340,753,833
X-32 Total net assets or fund balancesStart of year $239,409,579$275,557,267
X-33 Total liabilities and net assetsStart of year $3,362,829,205$3,616,311,100
Part XI · Reconciliation of net assets $275,557,267 net assets at year end
XI-1 Total revenue$225,240,586
XI-2 Total expenses$200,882,793
XI-3 Revenue less expenses$24,357,793
XI-4 Net assets at start of year$239,409,579
XI-5 Net unrealized gains (losses) on investments$11,789,895
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$275,557,267

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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