Rogue Credit Union President & CEO Gene Pelham Gives Rural Oregon a Voice on the Fed
A recent appointment to a Federal Reserve advisory council gives this busy CEO yet another chance to represent and support Northwest credit unions and their members.
January 19, 2016
Earlier this month, the Federal Reserve Bank of San Francisco appointed Gene Pelham, President and CEO of Rogue Credit Union, to an advisory council.
In his new role as a member of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC), Pelham will work with representatives from community banks, thrifts, and credit unions to provide input to the Fed’s senior management on issues facing these institutions and the communities they serve.
The Twelfth District is the largest Fed district both in geography and in the size of its economy. It represents Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, Washington, American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The CDIAC includes up to 12 members representing institutions with an asset size of less than $10 billion in these areas. Each member serves a term of up to three years.
With such a large and diverse area, the Twelfth District has a special ability to include members with personal experience with a wide range of issues facing the American economy. And as the economy shifts in his area, said Pelham, “for rural southern Oregon to have a voice here is great.”
Pelham will be jumping right in, as the CDIAC’s first in-person meeting is in February. They’ll get together to discuss economic and banking conditions, regulatory policies and payment issues, lending conditions and other issues they’re facing, guided by a set of predetermined questions sent to all members by the Twelfth District leadership. The group will present their advice and recommendations to the Twelfth District after the meeting.
This is one of two required in-person meetings each year, which Pelham knows will keep him busy. The good news, he said, is “I have an amazing team at Rogue Credit Union,” and they’ll “be involved in preparing me with the information I need to answer the questions the Twelfth District has asked.” He’s also getting help outside of his credit union. In true cooperative spirit, President and CEO of OnPoint Community Credit Union Rob Stuart, who recently ended a term on the CDIAC, “has been really helpful in preparing me for what I can expect at this first meeting,” Pelham said.
In his “day” job as President and CEO of Rogue Credit Union, Pelham oversees assets of over $1 billion, and a loan portfolio of over $840 million. Rogue serves 95,000 members.
Of course, this new appointment isn’t Pelham’s only work outside the Rogue offices. He serves as chair of two Boards: the Chamber of Medford/Jackson County Board and the Western CUNA Management School Board.
He sees his work on these Boards and on the CDIAC “as an honor, but also a tremendous responsibility to represent credit unions.” But it’s a responsibility he’s happy to take on, saying, “The Credit Union Movement has given me so much. Now it’s my turn to give back.”
Questions about this story? Contact Lynn Heider: 503.350.2225, [email protected].